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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 841 |
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The Act was the most dramatic change to the federal securities laws since the 1930's; it re-defined the federal regulation of public companies, corporate governance and reporting obligations. It also tightens the accountability standards for directors and officers, auditors, securities analysts and legal counsel (Wikipedia,2006)...
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The audit committee must consist solely of independent directors.
-Effective immediately, CEOs and CFOs must certify in each periodic report containing financial statements that the report fully complies with Sections 13(a) and 15(d) of the Securities Exchange Act of 1934 and that the information fairly presents the company's financial condition and results of operations...
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