Smaller companies could get a reprieve from the Securities and Exchange Commission on filing internal control documentation, according to published reports.

In remarks this week at the Practising Law Institute's annual securities regulation conference, SEC chief accountant Donald Nicolaisen said that officials would soon decide whether to delay implementation for some companies of Section 404 of Sarbanes-Oxley, which requires management to report on its internal controls over financial reporting and independent auditors to attest to management's evaluation, Dow Jones reported.

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