“We don’t want the Wal-Mart audit.”
~ The aforementioned Lynn Turner, cringes at the thought of low prices.
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~ Doug Shulman, the Commish, on IRS employees.
CAQ to Senators Dodd and Shelby: Don’t Screw with Sarbanes-Oxley
“We are writing to urge you in the course of your efforts to reform the financial sector to resist efforts to weaken protections for investors in the Sarbanes-Oxley Act of 2002 (SOX). Specifically, we oppose exempting smaller public companies from compliance with Section 404(b) of the Act. Further, we are troubled by evidence of a proposal to roll back to an arbitrary market capitalization point strengthened internal controls requirements for larger companies that are already in compliance with the provision.”
~ The Center of Audit Quality, in a letter to Senate Banking Chairman Chris Dodd (D-CT) and Ranking Member Richard Shelby (R-AL).