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No Extension for Small Issuers ICFR Audit

Another month has passed and all signs continue to point to SOX Section 404(b) compliance for smaller-reporting companies for fiscal years ending on or after December 15, 2009.  In effect, this means that calendar year non-accelerated filers will need to obtain an opinion on the effectiveness of internal control over financial reporting from their independent auditor as of December 31, 2009.

On June 22, 2009 the SEC released No. 33-8934A as a technical amendment and specifically stated that the technical amendment does affect the current effective date for compliance as noted above. 

Stay tuned, but the reality of compliance should be setting in.  It might be a good time to look through the SEC Guidance on ICFR.