SEC Chairman Christopher Cox says small public companies should start getting ready to comply with the stricter auditing rules of Section 404 of the Sarbanes-Oxley Act, but left open the possibility of another deferral of the requirement.

"It is still in the cards for us, I think, to consider whether or not there is another deferral possible," he told an audience at the National Press Club, according to Bloomberg News. "It's not our plan. We want to make sure that everyone understands they need to get ready for this."

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