Financial Times FT.com

US to unveil concessions on accounting rules

By Andrew Parker in Washington

Published: November 30 2004 04:41 | Last updated: November 30 2004 04:41

Regulators will unveil on Tuesday new concessions for US companies struggling to compile reports on their safeguards against fraud and bad financial reporting.

The Securities & Exchange Commission, the chief US financial regulator, is set to give more than 2,000 public companies with market capitalisations of between $75m and $700m extra time to prepare reports on their internal controls.

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