March 12, 2020 / 4:53 PM / 22 days ago

U.S. SEC votes to exempt small companies from independent audit reviews

WASHINGTON, March 12 (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Thursday voted to exempt certain small public companies from outside auditor reviews of internal controls.

The SEC says the rule would apply to firms with less than $100 million in revenues and have been public for more than five years. (Reporting by Katanga Johnson Editing by Chizu Nomiyama)

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