Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON — America’s Community Bankers wrote the authors of the Compete Act of 2007 (H.R. 1508) to express support for the bill that would improve Section 404 of the Sarbanes-Oxley Act.

“This legislation will make important improvements to Section 404 of the Sarbanes-Oxley Act (SOX) by clarifying the intent of internal control assessments, establishing standards for reliance on work by others (including federal and state regulatory agencies), and reducing internal control reporting requirements for smaller companies,” ACB Executive Vice President and Managing Director of Government Relations Bob Davis wrote. “ACB has long been concerned that the unintended consequences of Section 404 requirements impose costs and other burdens on public companies of all sizes, without commensurate benefits to investors.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.