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Tag Archives: Sarbanes-Oxley Act

GAO Study Recommends Mandating that Public Companies Disclose Auditor Attestation

Posted in Public Companies

Dodd-Frank Act Section 989G amended the Sarbanes-Oxley Act so that Section 404(b) does not apply with respect to “any audit report prepared for an issuer that is neither a ‘large accelerated filer’ nor an ‘accelerated filer’ as those terms are defined” by the SEC—essentially eliminating the auditor attestation requirement for smaller reporting companies.  The Dodd-Frank… Continue Reading

Hard Transitions

Posted in IPO On-Ramp

The JOBS Act also does not provide much guidance in relation to various phase-ins or transitions once an issuer that was an EGC crosses one of the specified thresholds and loses its EGC status.  In its set of FAQs on Title I of the JOBS Act, the Staff outlined certain principles relating to transition out… Continue Reading