As smaller public companies hold out hope that Congress will exempt them from compliance with the external auditor provision of Section 404(b) of the Sarbanes-Oxley Act, an academic paper may provide ammunition to the exemption’s supporters.

As smaller public companies hold out hope that Congress will exempt them from compliance with the external auditor provision of Section 404(b) of the Sarbanes-Oxley Act, an academic paper may provide ammunition to the exemption’s supporters.