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Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Friday, May 25, 2007

PCAOB Eases Auditing Standard on internal Controls

PCAOB voted to reduce the costs of auditors' internal controls reviews mandated by Sarbanes Oxley section 404.  The changes are subject to SEC approval, which earlier this week issued management guidance reducing the burdens of complying with section 404.  See WSJ, Sarbanes-Oxley Audit Rules Likely to Ease.

http://lawprofessors.typepad.com/securities/2007/05/pcaob_eases_aud.html

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