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SEC reviews expensive Sarbox accounting rule

Posted By claudia On 5th December 2006 @ 22:03 In News, SEC, SOX | No Comments

SEC officials are reviewing an accounting rule, which has been criticised by business groups as overly expensive.

For two weeks, SEC officials and the board that oversees the audit industry have been meeting and exchanging documents about the rule, which requires accountants to review corporate financial controls.

But SEC chairman, Christopher Cox,said an agreement remains days away, the Washington Post reported.

[1] AccountancyAge:SEC reviews expensive Sarbox accounting rule

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[1] AccountancyAge:SEC reviews expensive Sarbox accounting rule: http://www.accountancyage.com/accountancyage/news/2170246/sec-reviews-expensive

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