News Article
Dodd-Frank Act Permanently Exempts Non-Accelerated Filers From SOX Auditor Attestation Requirement
July 29, 2010
The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law last week, permanently exempts smaller public companies (those with a public float below $75 million) from the auditor attestation requirement of Section 404(b) of the Sarbanes-Oxley Act of 2002. The Act also directs the SEC to conduct a study to determine how the burdens of compliance with Section 404(b) can be reduced for other public companies.
Click here to read our client alert discussing this provision of the Dodd-Frank Act.
Contact Information
If you have any questions regarding these issues, please contact either the Womble Carlyle attorney with whom you usually work or one of our Corporate and Securities attorneys at the following link: http://www.wcsr.com/corporateandsecurities.
This document is intended as an informational reminder and does not constitute legal advice. If you have any questions or would like to discuss a particular situation, please contact Womble Carlyle Sandridge & Rice, LLP. The purpose of this article is to provide general information about significant legal developments and should not be construed as legal advice on any specific facts and circumstances.