‘Package’ Strategy Apparent in Approach to NAIC Consideration of Sarbanes-Oxley Components

Minor components of the NAIC’s current proposal to add Sarbanes-Oxley (SOX) Act components to state regulation will be parked at committee level, pending “completion” of more controversial content later this year.

The policy became evident during a May 25, teleconference of the NAIC/AICPA Working Group, when material affecting auditor independence and intended for the NAIC Model Audit Rule, or MAR, was approved.

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