SEC Final Rules Under Sarbanes-Oxley
- Topics:
- Sarbanes Oxley Compliance
- Tags:
- Attorney,
- Sarbanes-Oxley Act,
- Sarbanes-Oxley,
- Regulations,
- Government,
- Financial Expert,
- Financial Accounting,
- Financial,
- Finance,
- Bricker & Eckler,
- ...
- Source:
- Bricker & Eckler
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Overview: This article highlights the provisions and the dates for compliance that boards and executives need to know about Sarbanes-Oxley Act. The focus is on issues such as: Audit committee financial expert, under section 407 rules mandates that public companies are required to disclose whether or not they have an audit committee financial expert and atleast they have one “audit committee financial expert” on its audit committee; External auditor independence under section 203 to 206 discusses the provisions required implementation of auditor independence; Up-the-ladder attorney reporting, under section 307 mandates attorney to report evidence of a material violation of securities laws or breach of fiduciary duty or similar violation by public company. It requires each attorney, whether in-house or with outside counsel, to report evidence of a material violation of securities law or breach of fiduciary duty within the company either to the chief legal counsel or to the CEO or the equivalent.
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Format: HTML | Date: Feb 2003 | Pages: 1
