December 01, 2004
Good News for Some Companies with Market Cap less than $700 Million
Oops, they did it again. The SEC decided to extend, the deadline, a little for companies with market caps of less than $700 million with filing dates of November 15, 2004 to February 28, 2005. They have 45 extra days to file.
Here is an excerpt from the SEC press release:
"The exemptive order applies to an accelerated filer that has a fiscal year ending between and including November 15, 2004 and February 28, 2005, and that had a public equity float of less than $700 million at the end of its second fiscal quarter in 2004. Commission rules define an “accelerated filer” as a company that has a public float of at least $75 million; has been subject to the SEC's periodic reporting requirements for at least 12 months and has filed one annual report; and is not eligible to use the SEC's small business reporting forms.
The Public Company Accounting Oversight Board also met today to adopt a temporary rule, subject to Commission approval, that would permit the delayed filing of auditors’ internal control reports consistent with the Commission’s order." Click here for the complete press release.
To find out more about how to effectively comply with Sarbanes-Oxley Section 404 no matter what size your company is, see www.issuescentral.com or call (416) 977-1496.
Here is an excerpt from the SEC press release:
"The exemptive order applies to an accelerated filer that has a fiscal year ending between and including November 15, 2004 and February 28, 2005, and that had a public equity float of less than $700 million at the end of its second fiscal quarter in 2004. Commission rules define an “accelerated filer” as a company that has a public float of at least $75 million; has been subject to the SEC's periodic reporting requirements for at least 12 months and has filed one annual report; and is not eligible to use the SEC's small business reporting forms.
The Public Company Accounting Oversight Board also met today to adopt a temporary rule, subject to Commission approval, that would permit the delayed filing of auditors’ internal control reports consistent with the Commission’s order." Click here for the complete press release.
To find out more about how to effectively comply with Sarbanes-Oxley Section 404 no matter what size your company is, see www.issuescentral.com or call (416) 977-1496.
