Auditing and Its Regulators: Proposals for Reform After Enron | |
Lyke, Bob | |
Library of Congress. Congressional Research Service. | |
关键词: Finance; Securities regulation; | |
RP-ID : RS21120 RP-ID : RS21120 2002-07-11 |
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美国|英语 | |
来源: UNT Digital Library | |
【 摘 要 】
Auditors are regulated by both governmental agencies and professional organizations, though many now question whether this oversight is adequate. Enron’s auditor, Arthur Andersen, has been investigated by the U.S. Securities and Exchange Commission (SEC), several congressional committees, and other agencies, and it is facing numerous law suits. A federal jury convicted the firm on obstruction of justice charges on June 15, 2002. Other corporations and their auditors are also under scrutiny.Numerous accounting and audit reforms have been proposed, including some by the accounting industry. The House passed an audit reform bill (H.R. 3763) on April 24, 2002. The Senate passed an amended version of its bill (S. 2673) on July 15th. The SEC published proposed reform rules June 26th; on the 28th it required top executives in companies with revenues exceeding $1.2 billion to personally certify that filed reports are complete and accurate
【 预 览 】
Files | Size | Format | View |
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RS21120_2002Jul11.pdf | 31KB | download |