The SEC Rules

  Financial reporting for America's small businesses

     
      
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5 July 2007 SEC proposes consolidation of Regulation S-B rules into Reg. S-K

27 June 2007 SEC proposes reducing holding periods under Rule 144

15 Dec. 2006 SEC again extends Section 404 compliance date for non-accelerated filers

Archives: 2005

 

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SEC again extends Section 404 compliance date for non-accelerated filers

Washington, D.C., December 15, 2006 - The SEC has again extended the compliance dates for non-accelerated filers under the Exchange Act, pursuant to Section 404 of the Sarbanes-Oxley Act.  The extension now delays the requirement to include managementís assessment of the companyís internal control until fiscal years ending after December 15, 2007.  The auditorís report on internal control is required for fiscal years ending after December 15, 2008.  If a companyís initial registration statement becomes effective in 2007, it becomes subject to both requirements in the year following the year in which it was first required to file or did file an annual report. [SEC Release No.33-8760]