HR 3736 · 107th Congress 2001–2003, ended

Financial Accuracy in Reporting Act of 2002

Introduced Feb 13, 2002 Originated House Sponsor Gary L. Ackerman D-NY

Fact sheet Spreadsheet

Latest action · Mar 4, 2002 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedFeb 13, 2002
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Financial Accuracy in Reporting Act 2002 - Directs the Securities and Exchange Commission to revise auditor independence rules governing non-audit services for an audit client to establish standards pertaining to fiscal period audits as of October 1, 2002, that are consistent with, and at least as stringent as those established in the revisions of the Government Auditing Standards by the Comptroller General on January 25, 2002.

Directs the Commission to prescribe such revisions within one year after the date of enactment of this Act.

Cosponsors

Members who signed on, in the order they did.

No cosponsors are on file for this measure.

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseFinancial Services Committee
Referred Feb 13, 2002
Capital Markets Subcommittee
Referred Mar 4, 2002

Actions 3

Everything that happened, newest first.

  1. Mar 4, 2002Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
  2. Feb 13, 2002Introduced in House
  3. Feb 13, 2002Referred to the House Committee on Financial Services.

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to strengthen the Commission's auditor independence standards.
Short Titles as Introduced
Financial Accuracy in Reporting Act of 2002

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Feb 13, 2002Introduced in House

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

$1 $5 $10

Processed by Stripe in a separate window. LegiList never sees card details.

Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.