On June 20, 2007 the Securities and Exchange Commission (SEC) released its final interpretive guidance for management and related rule amendments, as well as a proposed rule seeking comment on the definition of "significant deficiency" with respect to the internal control reporting rules. Links to the SEC's Web site are 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. Please click here http://www.sec.gov/rules/interp/2007/33-8810.pdf to view a copy of this document.
• Final rule: Amendments to Rules Regarding Management's Report on Internal Control Over Financial Reporting. Please click here http://www.sec.gov/rules/final/2007/33-8809.pdf to view a copy of this document.
• Proposed Rule-Request for Additional Comment: Definition of Significant Deficiency. Please click here http://www.sec.gov/rules/proposed/2007/33-8811.pdf to view a copy of this document.
• SEC Requests Additional Comments on PCAOB Auditing Standard No. 5: The SEC recently requested additional comments about specific areas of PCAOB Auditing Standard No. 5, An Audit of Internal Control Over Financial Reporting That is Integrated With an Audit of Financial Statements. The comment period ends July 12. Please click here http://www.sec.gov/rules/pcaob/34-55912.pdf to view a copy of this document.

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