The CFOs and CEOs of more than 900 companies were involved and only 16 seemed to have missed the boat. For them, extensions have been agreed anyway. Despite much lobbying and effort to arrange exemptions from this, US regulation several UK executives of companies listed here and in the US will have to swear their accounts are true and honest.
And while it seems to have gone without a hitch, there remains the question of the regulatory reach of the US. While it affects UK companies, law-makers, politicians and other interested parties have had no opportunity to debate or consult on these measures. Indeed, politically the US regulators are accountable to no-one in the UK, or any other country.
What is to be done is a difficult question. UK plc must be on its guard. UK corporate governance is more robust than in many other countries. We should be careful we are not struck by every regulatory whim from across the Atlantic and offer resistance where necessary.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester