Enron-era accounting rules could be eased for small companies

THE SEC is seeking public comment on a proposal that would exempt companies with less than $100 million in annual revenue from the so-called auditor attestation requirement. / BLOOMBERG NEWS FILE PHOTO/ZACH GIBSON
THE SEC is seeking public comment on a proposal that would exempt companies with less than $100 million in annual revenue from the so-called auditor attestation requirement. / BLOOMBERG NEWS FILE PHOTO/ZACH GIBSON
NEW YORK – A United States regulator proposed freeing small companies from a Sarbanes-Oxley Act requirement that an auditor sign-off on their internal controls over financial reporting, following years of criticism from conservative lawmakers and business groups that the rules are overly burdensome. Securities and Exchange Commission members voted 3-1 on Thursday to seek public…

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