Sarbanes Release on Need for SEC to Improve Chair Selection
DEC. 19, 2002
Sarbanes Release on Need for SEC to Improve Chair Selection
DOCUMENT ATTRIBUTES
- AuthorsSarbanes, Sen. Paul S.
- Institutional AuthorsSenateBanking, Housing and Urban Affairs Committee
- Cross-ReferenceFor the conference report on H.R. 3763, the Sarbanes-Oxley Act of
2002, see Doc 2002-17383 (130 original pages) or 2002 TNT 144-25
. - Subject Area/Tax Topics
- Industry GroupsBanking, brokerage services, and related financial services
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2002-27742 (1 original page)
- Tax Analysts Electronic Citation2002 TNT 245-21
December 19, 2002
STATEMENT OF SENATOR PAUL S. SARBANES (D-MD)
CHAIRMAN, SENATE BANKING, HOUSING AND
URBAN AFFAIRS COMMITTEE
[1] "The findings in this report indicate that the process for selecting the Chairman of the Public Accounting Oversight Board was fundamentally flawed. The SEC leadership failed in its first and most critical task in implementing the accounting reform and investor protection legislation.
[2] "The SEC now needs to move beyond this incident to develop and implement a selection process that will assure the appointment of a Chairman of the Oversight Board who is an individual of stature and competence and who is committed to implementing the letter and spirit of the legislation."
DOCUMENT ATTRIBUTES
- AuthorsSarbanes, Sen. Paul S.
- Institutional AuthorsSenateBanking, Housing and Urban Affairs Committee
- Cross-ReferenceFor the conference report on H.R. 3763, the Sarbanes-Oxley Act of
2002, see Doc 2002-17383 (130 original pages) or 2002 TNT 144-25. - Subject Area/Tax Topics
- Industry GroupsBanking, brokerage services, and related financial services
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2002-27742 (1 original page)
- Tax Analysts Electronic Citation2002 TNT 245-21
