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6:52 PM
May 24, 2007
 |  BC Extra  |  Politics & Policy

PCAOB approves new auditing standards

The Public Company Accounting Oversight Board on Thursday voted to adopt new auditing standards for internal financial controls. In tandem with SEC guidance on Section 404 of the Sarbanes-Oxley Act approved on Wednesday, Auditing Standard No. 5 is geared toward easing and simplifying auditing standards for small companies....

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