U.S. FPIs urged not to slack off 404 implementation.
E & Y's Global Leader of Business Risk Services, Tom Bussa, said, "If foreign listed companies had been relying on an extension from the SEC and an extension was not forthcoming, many of them would have had no room to maneuver, so now is not the time to ease off; companies must still keep a foot on the gas and can learn from their U.S. counterparts."
Bussa noted that FPIs have the benefit of referencing peer data (provided by U.S. companies) as well as earlier U.S. accelerated filer surveys to help identify and address likely challenge areas that could slow progress, impact quality and increase cost.
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|Title Annotation:||globalVIEWS; foreign private issuers|
|Author:||Heffes, Ellen M.|
|Article Type:||Brief Article|
|Date:||Jun 1, 2005|
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