Regulators to begin SOX reviews
On May 24, the PCAOB (Public Company Accounting Oversight Board) -- the nonprofit oversight group created to help manage application of the Sarbanes Oxley Act -- plans to meet in Washington to vote on a range of topics, including several issues that could shift the application of the legislation, originally passed in 2002 to help fight corporate financial fraud.
In the meetings, the group is expected to approve a final standard for auditing internal control over financial reporting as well as a related independence rule and several other measures.
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