SEC, PCAOB to allow filers extra time on internal control reporting

Thanks to a certain quantity of fast footwork by regulators at the Securities and Exchange Commission and the Public Company Accounting Oversight Board, accounting firms and many of their smaller audit clients gained an additional 45 days of breathing extent to comply with complex of recent origin Sarbanes-Oxley Act internal control reporting controls

Under those rules, public companies will be required to include in their annual reports one as well as the other an ...