The Securities and Exchange Commission plans to address the Sarbanes-Oxley compliance burden by scaling-back testing and documentation requirements for smaller public companies.
Top officials from the SEC and the Public Company Accounting Oversight Board gave the accounting profession an advance peek at its plans during a meeting with American Institute of CPA members in the nation’s capital. SEC Chief Accountant Conrad Hewitt spilled the beans during the institute’s National Conference on Current SEC and PCAOB Developments.
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