BusinessCompany NewsSEC to ease Sarbox rules

SEC to ease Sarbox rules

SEC votes to reduce Sarbox compliance burden in bid to lure companies back to US exchanges

The Securities and Exchange
Commission
has voted to ease up Sarbanes-Oxley regulations, in a
move that could encourage companies back onto US exchanges and reduce audit
bills.

Sarbox will become more risk-based, and
auditors will not be required to do separate assurance work for clients.

Industry experts have suggested that the US was set to be overtaken by
London’s markets as the world’s capital markets centre.

Further reading:

SEC backs down on foreign company
delistings

SEC reviews expensive Sarbox accounting rule

US ‘must revise Sarbox to stay competitive’

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

4w Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

5m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

5m Alia Shoaib, Reporter
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

8m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

8m Emma Smith, Managing Editor
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

8m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

8m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

8m Emma Smith, Managing Editor