The final report of the closely watched Advisory Committee on Smaller Public Companies is now in the hands of the Securities and Exchange Commission, which next must determine how to act on the group’s recommendations—including the controversial proposal to exempt small companies from complying with Section 404 of the Sarbanes-Oxley Act.
After 13 months, “It’s ‘pencils down’,” Herb Wander, the Committee’s co-chairman, told the group during its final meeting last Thursday morning.
