At press time, the SEC
Advisory Committee on Smaller Public Companies' latest release suggested it may recommend full or partial exemptions of section 404 for certain size small public companies.
In its final public meeting on April 20, 2006, the Securities and Exchange Commission (SEC)
Advisory Committee on Smaller Public Companies issued its Final Report.
The Exposure Draft (ED) of what will become the "Final Report of the Securities and Exchange Commission's
Advisory Committee on Smaller Public Companies" was published for public comment in the Federal Register on March 3 with a 30-day comment period (ending April 3).
The SEC has an
Advisory Committee on Smaller Public Companies that is making recommendations.
One step is the formation of the SEC
Advisory Committee on Smaller Public Companies. Created last year by former Chairman William Donaldson to consider the impact of Sarbanes-Oxley and other federal securities laws, the 21-person committee was established to provide the SEC with recommendations designed to assure that the burdens and expenses associated with small-firm compliance with federal securities laws square with the benefits being realized by investors and the public.