Client Alert
SEC Announces Further Delay of Auditor Attestation Requirement for Non-Accelerated Filers
October 6, 2009
Last week, the Securities and Exchange Commission approved an additional six-month extension of the deadline for smaller public companies to meet the auditor attestation requirement of Section 404 of the Sarbanes-Oxley Act of 2002. As a result of the extension, non-accelerated filers will be required to provide an auditor attestation report from an independent auditor on internal control over financial reporting ("ICFR") in their annual reports filed for fiscal years ending on or after June 15, 2010. The SEC has stated that there will be no further extensions of the compliance deadline.
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