Sarbanes-Oxley may be helping to protect investors, but it is also hitting small public companies with a big accounting burden.The Securities and Exchange Commission established an advisory committee in April of 2005 to see how the weight of SOX could be eased for small filers. The subsequent report, issued as an exposure draft for public comment, offers several recommendations that may relieve some, though by no means all, of the burden.
Some, however, are warning that SOX requirements may be lifted from the very companies that need the most scrutiny.
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