On Tuesday, Nov. 30, the Securities and Exchange Commission issued an “exemptive order” that would grant certain accelerated filers up to an additional 45 days to include in their 10-Ks internal control reports as required by Section 404 of the Sarbanes-Oxley Act.
The Commission’s “exemptive order” applies to accelerated filers that have a fiscal year ending between and including Nov. 15, 2004 and Feb. 28, 2005, and that had a public equity float of less than $700 million at the end of its second fiscal quarter in 2004.
