SEC to Increase Number of Issuers Exempt from Auditor Attestation Requirement

Several hundreds more US public companies will soon be exempt from the Sarbanes-Oxley Act auditor attestation requirements following the SEC's recent adoption of amendments to the definitions of the terms “larger accelerated filer" and “accelerated filer" to exclude certain smaller reporting companies (“SRCs"). Sarbanes-Oxley Act Section 404(b) requires accelerated and large accelerated filers to have the independent accounting firm that prepares or issues their financial statement audit repor