To prevent accountants from providing non-audit services to audit clients.

Fact Sheet API

Bill Number

HR 3693

Introduced

Feb 7, 2002

Latest Action

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Sponsor

Cosponsors

Topics

Accounting Accounting and auditing Administrative procedure Auditing Auditing and auditors Commerce Conflict of interests Consultants Corporate collapse Finance and Financial Sector Financial statements Independent regulatory commissions Information disclosure (Securities law) Law Securities and Exchange Commission Securities regulation

Full Text

View Full Bill Text

Votes

Summary

Amends the Securities Exchange Act of 1934, with respect to the independent certification of mandatory financial statements, to direct the Securities and Exchange Commission to prohibit the treatment of an accountant as an entity independent of an issuer of securities if such accountant performs non-audit services for such issuer (thus proscribing non-audit services for audit clients).

Actions

Mar 4, 2002

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Feb 7, 2002

Referred to the House Committee on Financial Services.
Feb 7, 2002

Introduced in House

Amendments

Related Bills