...make prudent decisions, and that each party who violates our securities laws is held accountable. As the Securities and Exchange Commission and the Public Company Accounting Oversight Board work to achieve these objectives, it is appropriate for us to review their progress. 48 TESTIMONY OF...

...can be assessed. GAO therefore believes that the most prudent course of action at this time is for the Securities and Exchange Commission and the Public Company Accounting Oversight Board to monitor and evaluate the effectiveness of existing requirements for enhancing auditor independence...

...settlement initiative. The typical taxpayer payment was almost $1 million, with 18 taxpayers paving more than $20 million each and one paying over $100...wrestle with questions like "how much am I going to nave to pay the lawyers and expert witnesses to litigate this thing?" Moreover, going to court is a...

...full payment ol the taxes plus a penalty. A noteworthy point about the stock option seitlement olfer is that our actions in this matter were closely coordinated...the Public Company Accounting Oversight Board. Our seitlement inltiatives and increased audlts have sent a signal to taxpayers: the playing tield is no...

...make prudent decisions, and that each party who violates our securities laws is held accountable. As the Securities and Exchange Commission and the Public Company Accounting Oversight Board work to achieve these objectives, it is appropriate for us to review their progress. TESTIMONY OF WILLIAM...

...markets that are revered by the rest of the world. I have been pleased to hear the progress that both the Securities and Exchange Commission and the Public Company Accounting Oversight Board have made thus far in implementing Sarbanes-Oxley, and I look forward to hearing today about the progress...

...messages. Community bankers also support the Sarbanes-Oxley Act. However, the implementation of the act by the Securities and Exchange Commission and the Public Company Accounting Oversight Board, together with the way accounting firms interpret the regulations, have led to unintended consequences...

...received many anecdotal stories about positive and sometimes negative effects. It is my understanding that the Securities and Exchange Commission and the Public Company Accounting Oversight Board have undertaken extensive outreach efforts to ensure foreign entities' concerns are taken into consideration...

...auditing under the pronouncements of the Financial Accounting Standards Board (FASB) and more recently, the Securities and Exchange Commission and the Public Company Accounting Oversight Board (PCAOB). Valuations for estate and gift tax, shareholder dissent and oppression, and divorce matters...

...Sarbanes-Oxley Act of 2002 and its Implications The Sarbanes-Oxley Act of 2002 (SOX), and implementing rules of the Securities and Exchange Commission and the Public Company Accounting Oversight Board, as well as recent governance rules promulgated by the New York Stock Exchange and NASDAQ, create new...