Compliance Deadline 341
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Can anyone help me to figure out which companies do not have to comply with SOX until the end of 2005? All my research says ‘small companies and foreign companies’. Can anyone help me figure out what a ‘small company’ is? Is this defined in the legislation?
thanks in advance.
MZ
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If you’re not publicly traded or listed at the NYSE nor belonging to a publicly traded or listed company, you’re not affected by sox.
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Can anyone help me to figure out which companies do not have to comply with SOX until the end of 2005? All my research says ‘small companies and foreign companies’. Can anyone help me figure out what a ‘small company’ is? Is this defined in the legislation?
thanks in advance.
MZ
Market capitilisation less than USD75 million
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Should have added that this applies to S404 - smaller filers comply with 404 for the first year end after 15 July 2005. You must also remember that SOX is more than S404 - other sections of SOX come into effect earlier.