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ARTICLE · 07 DECEMBER 2004

SEC Grants Extension For Filing Section 404 Internal Control Reports And Attestations

Powell Goldstein LLP
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On November 30, 2004, the U.S. Securities and Exchange Commission issued an exemptive order to grant certain accelerated filers an additional 45 days to include their Section 404 reports and the related auditor attestations required in connection with the upcoming Annual Reports on Form 10-K.

United StatesAccounting and Audit

Article by Michael Delaney, Gabriel Dumitrescu, Richard Green, Suzanne Roberts, Eliot Robinson and William Speer

On November 30, 2004, the U.S. Securities and Exchange Commission (the "SEC") issued an exemptive order1 to grant certain accelerated filers2 an additional 45 days to include their Section 404 reports and the related auditor attestations required in connection with the upcoming Annual Reports on Form 10-K.

The exemptive order applies to an accelerated filer that has a fiscal year ending between and including November 15, 2004 and February 28, 2005, and that had a public equity float, i.e. shares held by non-affiliates, with a market value of less than $700 million at the end of its second fiscal quarter in 2004.

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