November 09, 2006
Cox: S.E.C. to ease the financial compliance burden on smaller companies
S.E.C. Chairman Cox is maintaining his course with respect to improving the efficiency and reducing the cost of SOX 404 (internal control) audits.
The New York Times interview can be found here.
The Chairman is seeking to find a sensible middle ground between the advocates of "audit and spank" who want ever increasing accountability and regulation of the corporate world, and the advocates of "compliance tuck and rollback" that fear the competitiveness sky is falling.
Cox is going to need all his considerable political skills to maintain an effective and efficient compliance framework and to focus the discussion on investor confidence and efficient capital formation.
If your company is listed on US or Canadian exchanges and needs to comply with the requirements of Sarbanes-Oxley and/or MI 52-109 cost effectively, see http://www.issuescentral.com/ to learn more about Compliance Playbook(tm).
For companies headquartered in Canada and listed on Canadian or US exchanges, go the website of our exclusive Canadian distributor, Thomson Carswell, http://www.compliancepartner.ca/ to learn more about Compliance Partner(tm).
The New York Times interview can be found here.
The Chairman is seeking to find a sensible middle ground between the advocates of "audit and spank" who want ever increasing accountability and regulation of the corporate world, and the advocates of "compliance tuck and rollback" that fear the competitiveness sky is falling.
Cox is going to need all his considerable political skills to maintain an effective and efficient compliance framework and to focus the discussion on investor confidence and efficient capital formation.
If your company is listed on US or Canadian exchanges and needs to comply with the requirements of Sarbanes-Oxley and/or MI 52-109 cost effectively, see http://www.issuescentral.com/ to learn more about Compliance Playbook(tm).
For companies headquartered in Canada and listed on Canadian or US exchanges, go the website of our exclusive Canadian distributor, Thomson Carswell, http://www.compliancepartner.ca/ to learn more about Compliance Partner(tm).
