Tuesday, September 19, 2006

Some Disclosure Requirements of the SARBANES-OXLEY Act:

* Auditors and Management must annually assess their company’s internal controls and related disclosures.

* Additional disclosure of off-balance sheet financing and financial contingencies is now required.

* The presentation of pro forma information is now required.

* Disclosure under Section 16 of the Exchange Act of insider stock transactions has been accelerated to two business days.

* Disclosure of certain information will now be required in “real time.”


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