SingerLewak

It looks like the SEC has given smaller companies additional time to provide audits of their

internal controls.

Yesterday, the Securities and Exchange Commission gave non-accelerated filers

(generally those public companies with float less than $75Million) a final extension of time

to comply with the audit requirement for audits of Internal Control over Financial Reporting,

requiring companies to provide the audits for fiscal years ending on or after June 15, 2010.

Although this does not change the requirement that companies conduct their management's

assesment of internal controls, it does allow for some additional cost savings and reduces

pressure on some companies in this tough economic environment.  It may well be a welcome

change to company financial management teams, but investors, audit committees and boards

will have to decide how it might impact their evalutation and governance of these smaller

public companies.