Sunday, November 19, 2006

SOX - New propositions to ease section 404

On Nov 10th, WSJ reported that regulators announced propositions to ease section 404 of SOX to save time and money for businesses and auditors. This will improve the current conditions for companies deciding which exchange to list their stocks. As more and more accounting, legal, and securities regulations are introduced, particularly after SOX, the number of companies listing their stocks in foreign exchanges have increased considerably.

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