The Public Company Accounting Oversight Board will meet on Dec. 19 to consider exactly what changes to Sarbanes-Oxley’s internal control measures it will issue for public comment.

The Securities and Exchange Commission will offer its own take next week on what changes it would support -- as recently as last week, reports were floated that SEC Chairman Christopher Cox supported a proposal for auditors to test the controls of small public companies on a less-than-annual, limited basis. But following the recent release of a report from the Committee on Capital Markets Regulation, which urged that small companies be subject to regular testing of their controls, that may no longer be the case.

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