SEC's Relaxed Audit Rules Likely To Get Mixed Reviews
Howard Berkenblit was quoted in the article, "SEC's Relaxed Audit Rules Likely To Get Mixed Reviews," which was published by Law360 [sub. req.] on May 15, 2019.
The SEC is seeking comment on a proposal that would exclude certain smaller companies from being required to obtain an outside auditor's endorsement of their management's policies and procedures. Howard comments that the audit process is expensive and time consuming, particularly for biotech companies. The proposal could save companies a lot of money, time and effort that could be spent on other things in the business.