Document ID: SEC-2008-0565-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2008-04-14T04:00Z

[Federal Register: April 14, 2008 (Volume 73, Number 72)]
[Notices]               
[Page 20073]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14ap08-93]                         

=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; Comment Request

Upon Written Request; Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0123

New Information Collection:
    Study on the Impact of Companies' Compliance with the 
Requirements Implementing Section 404 of the Sarbanes-Oxley Act of 
2002; OMB Control No. 3235-xxxx; SEC File No. 270-575

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) the Securities and Exchange Commission 
(``Commission'') has submitted to the Office of Management and Budget 
this request for approval.
    The Commission staff plans to undertake a study that will involve 
collecting and analyzing empirical data regarding the impact on public 
companies of compliance with the requirements implementing section 404 
of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7262). The study will 
consider whether recent actions by the Commission and the Public 
Company Accounting Oversight Board are having their intended effect of 
increasing efficiency and lowering compliance costs. Participation in 
the study will be voluntary. Participants in the study are expected to 
include companies subject to the reporting requirements under section 
13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a) 
or 15 U.S.C. 78o(d)), as well as financial analysts, auditors, 
investors and other interested parties.
    We plan to invite up to 10,000 respondents to participate in the 
study. If all of these respondents participate in the study at an 
average estimated 1 hour per response, the total annual burden will be 
10,000 hours. In addition, we also plan to conduct a follow-up survey 
and in-depth interviews with up to 500 respondents, at an estimated two 
hours per response, for a total annual burden of approximately 1,000 
hours. Therefore, the total aggregate burden associated with the study 
is an estimated 11,000 hours.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    Written comments regarding the above information should be directed 
to the following persons: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503 or send an e-mail to: Alexander--T.--
Hunt@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief Information 
Officer, Office of Information Technology, Securities and Exchange 
Commission, C/O Shirley Martinson, 6432 General Green Way, Alexandria, 
VA 22312; or send an e-mail to:PRA_Mailbox@sec.gov. Comments must be 
submitted to OMB within 30 days of this notice.

    April 7, 2008.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8-7828 Filed 4-11-08; 8:45 am]

BILLING CODE 8011-01-P