(Reuters) - WASHINGTON, May 24 - Bowing to complaints from
businesses, the U.S. board that polices corporate auditors
voted on Thursday to relax its controversial standard for
auditing the internal financial controls of corporations.
The Public Company Accounting Oversight Board, in a 5-0
vote, eased the standard for Section 404 of the Sarbanes-Oxley
corporate reform law by making it more risk-based and less
comprehensive, aiming to cut compliance costs.
Read more at Reuters.com Government Filings News
businesses, the U.S. board that polices corporate auditors
voted on Thursday to relax its controversial standard for
auditing the internal financial controls of corporations.
The Public Company Accounting Oversight Board, in a 5-0
vote, eased the standard for Section 404 of the Sarbanes-Oxley
corporate reform law by making it more risk-based and less
comprehensive, aiming to cut compliance costs.
Read more at Reuters.com Government Filings News
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