Companies are cheering the Securities and Exchange Commission’s move to delay the implementation of Sarbanes-Oxley’s Section 404 for non-accelerated filers, even as some continue to press the SEC to do more to ease the compliance burden.
In August, the SEC moved to further extend the deadline for non-accelerated filers to comply with Section 404, giving them more time to get their internal controls in order—and also giving regulators more time to amend existing rules for auditors and to develop guidance for management on 404 implementation.
