X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The Obama administration’s new Securities Exchange Commission head Mary Schapiro has made it clear that there will be no more delaying of the Sarbanes-Oxley Section 404 reporting requirement for so-called non-accelerated filers. These are public companies with market caps of under $75 million a year, a group that has been growing dramatically thanks to the stock market collapse.

The pressure is now on firms to find cost-effective ways to conduct self-assessments of their internal controls. Recognizing that smaller firms (including newly smaller ones) have concerns about the cost of compliance, Schapiro, during her Senate her confirmation hearing, promised to “make sure” smaller public companies “have the tools they need to comply with 404.” One option for meeting the Dec. 31 compliance deadline could be a new set of tools being offered by Thomson Reuters, both additions to the firm’s Checkpoint Tools product line. The tools can also be used by much larger firms for their SOX 404 compliance work, says Scott Spradling, senior director for new product development in the company’s tax and accounting division.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.