PracticeAuditForeign bodies confront SEC over Sarbanes-Oxley

Foreign bodies confront SEC over Sarbanes-Oxley

Representatives from the Big Four accounting firms, the European Commission and various legal associations from around the world will today confront the Security and Exchange Commission over the extra-territorial effects of the Sarbanes-Oxley Act.

Link: In-depth: Sarbanes-Oxley

At meetings at the SEC headquarters in Washington, the US financial regulator will meet with over 20 interested parties to discuss the international impact of the new draft rules on auditor independence and attorney conduct.

It is expected that many of the international parties will express their concerns over the Act.

Under Sarbanes-Oxley, foreign companies listed in the US will be required to adhere to the tough new laws, while corporate auditors will also be affected with restrictions being placed on the provision of non-audit services to clients.

Related Articles

Auditors ‘in the dock’ over Carillion as report calls for Big Four break-up

Audit Auditors ‘in the dock’ over Carillion as report calls for Big Four break-up

4d Emma Smith, Managing Editor
PCAOB sanctions former Deloitte Turkey CEOs over altered documents

Audit PCAOB sanctions former Deloitte Turkey CEOs over altered documents

1w Alia Shoaib, Reporter
KPMG South Africa to review past audit work amid fresh scandal

Audit KPMG South Africa to review past audit work amid fresh scandal

1m Alia Shoaib, Reporter
FRC introduces £10m sanctions for Big Four firms

Audit FRC introduces £10m sanctions for Big Four firms

1m Alia Shoaib, Reporter
Ukraine’s PrivatBank files $3bn claim against PwC

Audit Ukraine’s PrivatBank files $3bn claim against PwC

2m Alia Shoaib, Reporter
Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

Audit Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

2m Alia Shoaib, Reporter
Big Four dominate FTSE 250 audit market in Q1 rankings

Audit Big Four dominate FTSE 250 audit market in Q1 rankings

3m Alia Shoaib, Reporter
Deloitte to pay $149.5m over Taylor, Bean & Whitaker audit failure

Audit Deloitte to pay $149.5m over Taylor, Bean & Whitaker audit failure

3m Alia Shoaib, Reporter