Article: SEC set to issue new 404 guidance.(Securities & Exchange Commission )( Public Company Accounting Oversight Board releases guidelines for stock options auditing)(reforms in Committee on Foreign Investment in the United States)

This month the Securities & Exchange Commission (SEC) will give an indication of how it wants to loosen management's requirements under the much-vilified Section 404 of the Sarbanes-Oxley Act, which dictates how much companies report on their internal controls. John Nestor, the SEC's director of public affairs, says the SEC could have issued a policy statement on December 13 since it already put out a concept release last July laying out some broad areas it was thinking about addressing. Lots of public comments were received, including from the IMA[R]. But rather than issue a final dictate in December, Nestor says that the policy statement on Section 404 will be of ...

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