The US Securities and Exchange Commission (SEC) is expected at a meeting on Wednesday to afford small listed businesses in the United States a further year to meet key Sarbanes-Oxley requirements.
Firms with market values of up to $75 million had already secured a year's delay in implementing a requirement to file reports on the strength of their internal financial controls.
However, following the recommendations of a panel established to assess the impact of the SOX legislation on smaller public businesses, the securities regulator is expected to delay the introduction of the requirement until July 2007.
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