The Sarbanes-Oxley Act of 2002
strongly encourages well-developed corporate governance practices within corporations.
believes the ultimate interpretation of the Sarbanes-Oxley Act of 2002
by the SEC and the PCAOB has gone far beyond what the law actually intended.
Now, in the wake of The Sarbanes-Oxley Act of 2002
, the cost and exposure of being a public company has never been higher--due to the dramatically increased regulatory, insurance and compliance costs, the surge in shareholder litigation and the overall decline in the public markets.
The ASB also proposed issuance of a new auditing standard, Retention of Records Relevant to Audits and Reviews and Strengthening the Commission's Requirements Regarding Auditor Independence, to reflect certain provisions of the Sarbanes-Oxley Act of 2002
and SEC rules.
3763, the Sarbanes-Oxley Act of 2002
, which is intended to curtail corporate wrongdoing and rein in the accounting industry.
The system allows individuals to provide the PCAOB with information concerning any matter relating to the board and its work under The Sarbanes-Oxley Act of 2002
The SEC approves rules the Public Company Accounting Oversight Board (PCAOB) proposed under the Sarbanes-Oxley Act of 2002
the Federal Reserve Board, the Office of the Comptroller of the Currency and the Office of Thrift Supervision, reflect auditor independence provisions of the Sarbanes-Oxley Act of 2002