The SEC announced on Monday a one year grace period for small and medium public companies to comply with parts of the Sarbanes-Oxley Act. But, this only postpones the horrific problems created by this act for small businesses outlined in my post on this legislation yesterday. Compliance may run $500,000 a year form even small public businesses. This law needs a permanent fix, not just a delay.
Copyright 2003-2007, Dr. Jeff Cornwall, Nashville, Tennessee - all rights reserved.
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