|
|
19 Jun 2002
The bill, written by senator Paul Sarbanes, chairman of the Senate's Banking Committee, includes a ban on auditors performing most non-audit services for their clients.
Services to be banned include consulting, internal accounting and information system design, in a move designed to eliminate perceived 'conflicts of interest' in the wake of Andersen's demise - Andersen performed both audit and non-audit work for the failed energy giant Enron.
A 17-4 vote in favour of the Bill, makes it increasingly more likely that it will be passed, although a hardline Republican lobby could still see it blocked.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment