On June 20, 2007, the U.S. Securities and Exchange Commission (SEC) posted Sarbanes-Oxley Section 404-related interpretive guidance for management, related final rule amendments and a proposed rule on definition of "significant deficiency," as listed below:

• Interpretive Guidance: "Commission Guidance Regarding Management's Report on Internal Control Over Financial Reporting Under Section 13(a) or 15(d) of the Securities Exchange Act of 1934" http://www.sec.gov/rules/interp/2007/33-8810.pdf. Effective date: when published in the Federal Register (publication in Federal Register generally follows within a few days of posting on the SEC website);
• Final rule: "Amendments to Rules Regarding Management’s Report on Internal Control Over Financial Reporting," http://www.sec.gov/rules/final/2007/33-8809.pdf. Effective date: 60 days after publication in the Federal Register; and

·         Proposed Rule-Request for Additional Comment: "Definition of Significant Deficiency"  http://www.sec.gov/rules/proposed/2007/33-8811.pdf. Comment deadline: 24 days after publication in Federal Register.

 Other summaries from:

Deloitte

KPMG