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27 Apr 2007
The US Senate has foiled an attempt by the Republicans to weaken Sarbanes-Oxley by removing the mandatory requirement for certain companies to comply with the law's internal controls requirements.
According to Reuters , the Senate set aside an amendment to make compliance with Section 404 optional for companies valued at less than $400m (£200.6m).
The amendment was put forward by Republican Jim DeMint , who tried to attach it to a bill on the Senate floor on boosting investment in research, and improving science, engineering and maths education.
Federal regulators are working on reforming Section 404, which has been criticised as been too onerous and a hindrance to business.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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