The Securities and Exchange Commission and the Public Company Accounting Oversight Board will host a roundtable discussion on May 10, 2006, to examine second-year experiences with the reporting and auditing requirements of the Sarbanes-Oxley Act of 2002 related to companies' internal control over financial reporting.
The purpose of the May 10, 2006, roundtable is to obtain feedback from those who have experience with the internal control reporting requirements. This feedback will allow the Commission and the Board to further assess the implementation of those requirements and continue to develop policies that improve the accuracy and reliability of financial statements for the benefit of investors in a way that is both efficient and effective. With this in mind, the Commission and the Board are seeking specific feedback about actions they can take to make the internal control documentation, assessment, reporting, and auditing processes more efficient and effective, including possible modification of the Commission's rules, the PCAOB's auditing standard, and other actions that may be taken.
See full Article. May 8
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