All's Fair, and 404: SEC Announces Fair Value Roundtable; Adopts Final Rule Delaying Sarbox 404b for Small Cos
By Edith Orenstein, FEI Financial Reporting Blog - On Friday afternoon (June 20), the SEC announced that it adopted a final rule delaying the Sarbanes-Oxley Section 404(b) requirement for small public companies. Related to this, SEC announced it received OMB approval to begin data collection on its Sarbox 404 cost-benefit study.
Also on June 20, the SEC announced it invites comment on the certain issues to be addressed at its July 9 roundtable on fair value measurement.
Read more about these issues here.