BusinessCompany NewsSarbox confusion strikes UK companies

Sarbox confusion strikes UK companies

British businesses rush to make sense of new rules around Sarbox compliance

UK companies with US listings are battling to make sense of new
Sarbanes-Oxley implementation rules amid confusion over whether they would be
granted more time to comply with the rules.

Earlier this week the Securities and Exchange Commission said it would allow
smaller US companies more time to comply with Sarbanes-Oxley section 404,
prompting speculation that foreign businesses could be allowed similar
exemptions.

When SEC chairman Christopher Cox announced the exemptions for small
companies, he was unclear over what the implications would be for foreign
listeds.

Cox said the SEC ‘might or might not’ extend the Sarbox deadline for overseas
companies, the Financial Times reported. Another SEC official said: ‘We
don’t know for sure.’

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

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

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor