For the fifth time, the Securities and Exchange Commission has decided to give smaller companies another year stay of grace before complying with the audit requirements of Sarbanes-Oxley. But don't take that as a sign that the lawmakers will start rolling SOX back.

The smart money is on the Government sitting on its hands and doing nothing, reports Financial Week's Neil Roland. With the subprime crisis in full swing, and the US economy in deep strife, regulators are unlikely to start unwinding the legislation.

Looks likes it's here to stay for some time.