Now that small companies know they’ll have to comply with the internal control provisions outlined in Section 404 of Sarbanes-Oxley, John White, director of the Division of Corporate Finance at the Securities and Exchange Commission, has called on small companies to focus their energy on providing input for the SEC’s forthcoming guidance on the subject.
The SEC announced May 17 that it plans to issue a concept release to solicit input about management guidance, followed by actual guidance on the topic. White said the concept release is expected “fairly soon.”
