SEC to ease Sarbox rules

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

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

SEC reviews expensive Sarbox accounting rule

US ‘must revise Sarbox to stay competitive’

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