The Securities and Exchange Commission has granted small US companies and
foreign companies listed in the US only a temporary break from reporting rules
brought about in the wake of Enron.
Small companies must now turn in a report about the implementation of the
Sarbanes-Oxley Act by 31 December 2007, the SEC said.
The SEC did not say when they would need to turn in an auditor’s report.
Small businesses have complained about the added costs relating to
Conservative business lobby groups are pushing to have Sarbox either scrapped
entirely or modified to be more lenient.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements