On June 22, 2009, the SEC announced that it would not extend the deadline for 404(b) compliance further, thus making it mandatory for companies with less than $75 million in public capitalization to report on the effectiveness of their internal controls over financial reporting.  The last extension was granted last year and required that non accelerated filers begin complying with Section 404 for fiscal years ending after December 15, 2009.   

We have developed a cost effective 404(a) solution to fulfill Sarbanes-Oxley requirements that will go into effect at the end of this year. We understand the increased burden that these regulations place on micro-cap businesses, especially in this challenging financial environment and have designed this 404(a) service, specifically for the smaller reporting company, to support auditors’ 404(b) attestation requirements without the expense of additional staff.

Be prepared for end-of-year filing deadlines. To learn more about our SEC reporting services, including 404(a), contact Steven Plumb, CPA at steven@clearfinancials.com.