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Audit Committee Resource
Guide
The past 18 months have been one of the most
important and defining eras in the history of the American financial
reporting system. The underlying issues that gave rise to recent corporate
failures and the loss of investor confidence have been debated, and Congress
has acted to implement reforms aimed at strengthening corporate governance
and restoring investor confidence. The Securities and Exchange Commission
(SEC) has done a remarkable job in promulgating new rules to implement the
provisions of the Sarbanes-Oxley Act of 2002—a task that is almost complete.
Additionally, the Public Company Accounting Oversight Board has begun
creating a new oversight structure for the public accounting profession.
Our Audit Committee Resource Guide, the latest
booklet in our communications, is focused on the impact that these rules
will have on the role and responsibilities of the audit committee. We are
confident that you will find this publication useful in understanding and
implementing the new requirements of the Sarbanes-Oxley Act and the proposed
requirements of the national securities exchanges or associations. (Read
more...)
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