SEC extends deadline for internal control disclosures
26 Feb 2004
The US SEC has extended the compliance dates for its new rules that require a company to include in annual reports a report by management on the company's internal control over financial reporting and the accompanying auditor's report. Foreign private issuers that file annual reports on Form 20-F or Form 40-F, and small domestic US issuers, must now begin to comply for the first financial year ending on or after 15 July 2005 (originally 15 April 2005).
Large US registrants must now begin to comply in their first financial year ending on or after 15 November 2004 (originally 15 June 2004). Link to Press Release and SEC Final Rules Release.