Securities and Exchange Commission: Actions Needed to Improve Public Company Accounting Oversight Board Selection Process

[摘要] A letter report issued by the General Accounting Office with an abstract that begins "The Sarbanes-Oxley Act of 2002 created, among other things, the Public Company Accounting Oversight Board (PCAOB) to oversee audits of public companies. A divided Securities and Exchange Commission (SEC) appointed the first PCAOB on October 25, 2002. Amid allegations that the SEC Chairman withheld relevant information from the other Commissioners concerning the suitability of the newly appointed PCAOB chairman, GAO was asked to examine SEC's selection process; determine whether the SEC Chairman withheld information from other Commissioners; determine what vetting of candidates took place; and identify what actions led to breakdowns in the process."

[发布日期] 2002-12-19 [发布机构] United States. General Accounting Office.

[关键词] Government accountability -- United States.;business regulation and consumer protection;securities and exchange commission;letter report