The IPO Onramp allows EGCs to defer this Sarbanes-Oxley requirement for up to 5 years after the IPO, as opposed to the general requirement for an audit in the second annualreport after the IPO.
He will publish a consultation document next week suggesting among other things that they might be allowed to table resolutions on remuneration for the annualgeneral meeting, or that quoted companies might have an annual shareholders' vote on the board's remuneration report.