The SEC agreed Wednesday to better coordinate with auditing regulators to refine guidance for complying with the Sarbanes-Oxley Act. Both the SEC and the Public Company Accounting Oversight Board are trying to strike a balance between reducing the costs of regulation and preserving safeguards for investors. The SEC commissioners agreed on four areas of coordination, including aligning the accounting board's proposed new auditing standard with the SEC's guidance for management.
April 06, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Securities and Exchange Commission agreed Wednesday to better coordinate with auditing regulators to refine guidance for complying with the Sarbanes-Oxley Act.
Both the SEC and the Public Company Accounting Oversight Board are trying to strike a balance between reducing the costs of regulation and preserving safeguards for investors.
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