Jefferson Wells, a global provider of risk, control, compliance and financial process improvement today warned UK companies not to become over-complacent about Sarbanes-Oxley (SOx) compliance, after news that the Securities & Exchange Commission (SEC) would extend the deadline by up to five months was announced.
?UK companies who are in the midst of compliance will no doubt be relieved at the extended deadline, as the grip of corporate governance temporarily slackens. But while the five month respite may seem like an opportunity to lessen the pace and possibly re-deploy valuable resources elsewhere – this is not the case,? says Mike Nelson, Managing Director of the London office.
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