Sarbanes-Oxley Act Expands Corporate Governance and Accounting Requirements for SEC-Registered Non-U.S. Companies
- Topics:
- Sarbanes Oxley Compliance
- Tags:
- Accounting,
- Sarbanes-Oxley,
- Regulatory Compliance,
- Regulations,
- Policies And Procedures,
- Human Resources,
- Government,
- Financial Accounting,
- Financial,
- Finance,
- ...
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Overview: The Sarbanes-Oxley Act has important liability and other implications for SEC-registered non-U.S. companies. In particular, the Sarbanes-Oxley Act: requires issuers to provide CEO/CFO certifications in their Form 20-F; prohibits loans to executive officers and imposes other corporate governance requirements; imposes specific requirements for an issuer’s audit committee; requires more detailed financial information and other disclosure in SEC filings etc. It extends a number of U.S. corporate governance and accounting requirements to foreign private issuers who have securities registered under, or are required to file reports in connection with, U.S. federal securities laws. It defines the scope of the applicability of the Act. It provides information on few topic like: Disclosure Controls and Procedures and Internal Control over Financial Reporting, Certification under section 302 & 906, Code of Ethics for Senior Financial Officers, Forfeiture of Certain Bonuses etc.
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Format: PDF | Size: 266KB | Date: Jul 2003 | Pages: 31
