reduced sarbox – it’s a good thing (SOX 404(b) changes)

Financial reform bill signed into law, eliminating SOX 404(b) internal control audit requirement for smaller reporting companies.

Short version: Companies under 75M don’t have to spend 1M on reporting because Enron screwed everything up for all of us.

Long version: here.

A surprisingly pro-business bill in modern politics. It will create jobs. A good thing.