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Small business exception will stay in financial reform bill

June 9, 2010

Massachusetts Representative Barney Frank – the chair of the House Financial Services Committee – says that he expects a rule exempting small and medium businesses from costly audits to survive negotiations between the House and Senate. The rule was mandated in the Sarbanes-Oxley Act.

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Tags: audits, compliance, frank, rule, Sarbanes-Oxley Act

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Frank Yacenda

Gulfstaff, LLC (MS)

I’d like to thank you and your staff for the very personal and at the same time very professional service you provided and for taking care of our filing and associated issues. I’d also like to thank you for the courtesy of waiving your usual fees for Mississippi companies — it is much appreciated. Thanks again, and take good care.

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