Sarbanes Oxley Act of 2002: New Corporate Responsibility and Disclosure Requirements

Topics:
Audits,
Sarbanes Oxley Compliance
Tags:
Audit,
Sarbanes-Oxley,
Regulatory Compliance,
Regulations,
Policies And Procedures,
Human Resources,
Government,
Financial Person,
Financial Accounting,
Finance,
...
Source:
Information Technology Association of America

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Overview: The webcast provides briefing as a comentary on current legal issues, and it should not be considered a legal advice which depends upon the facts of each situation. The Sarbanes-Oxley act came into the effect on 7th July, 2002 after President Bush signed the law. “It was a sweeping overhaul.” It establishes a new concern for disclosure of records, requirements for security analysts etc. the webcast focuses on the disclosure and the corporate governance obligations for the public company. The new audit committee reuirements involve the appointment of outside auditors who will report to the audit committee and not the management. The audit committee person can not be an “affiliated” person of a company or the subsidiary of a company. The financial person has to have a knowledge of GAAP and the accounting rules. The new rule introduces two new certification provisions. At last it discusses the new corporate disclosure requirements apart from the different rules for the CEOs and CFOs.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: Webcast | Date: Aug 2002


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