At a meeting yesterday in Washington DC the board also agreed to extend the registration deadline for non-US firms by a further 90 days. Auditors who now work for clients with a listing in the US now have until 19 July 2004 to register with the board.
The proposals allow for a degree of co-operation between the board and the oversight bodies of other nations, following massive opposition to the extra-territorial effects of the Sarbanes-Oxley Act from the European Union.
The board has acknowledged these concerns and has proposed relying on the oversight systems of other nations where those systems are sufficiently independent and rigorous. It is hoped the UK firms would be affected very little by the rules, due to the strong oversight it possesses.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
Hundreds of jobs are secure after Spectrum Contracting has been sold out of administration to Minstrell Recruitment by FRP Advisory
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...