Securities and Exchange Commission: Internal Control Over Financial Reporting in Exchange Act Periodic Reports of Non-Accelerated Fliers
GAO-10-177R: Oct 30, 2009
GAO reviewed Securities and Exchange Commission's (SEC) new rule on internal control over financial reporting in Exchange Act periodic reports of non-accelerated filers. GAO found that (1) The final rule amends temporary rules1 which extended compliance dates under the Sarbanes-Oxley Act of 2002. The final rule postpones for an additional six months the date by which a non-accelerated filer must begin to include an auditor's attestation report on ICFR with its annual report; and the (2) the Commission complied with the applicable requirements.