It’s the moment smaller public companies have been waiting on for months. The Securities and Exchange Commission announced that it will hold an open meeting tomorrow to consider, among other things, granting an extension to smaller public companies on complying with the internal controls reporting provisions of Sarbanes-Oxley.
Late last week, the SEC said it would hold an Open Meeting on Sept. 21 to consider whether to extend by a year the date by which companies that are not accelerated filers must comply with internal control over financial reporting requirements. Those provisions require companies to include in their annual reports a report by management and a separate report by their auditor on the company’s internal control over financial reporting.
