Auditor Independence Act of 2002

Fact Sheet API

Bill Number

S 1896

Introduced

Jan 24, 2002

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Cosponsors

Topics

Accounting Accounting and auditing Administrative procedure Auditing Auditing and auditors Commerce Conflict of interests Corporate collapse Finance and Financial Sector Government Operations and Politics Independent regulatory commissions Information technology Law Management audit Management consultants Marketing Securities and Exchange Commission Securities regulation

Full Text

View Full Bill Text

Votes

Summary

Auditor Independence Act of 2002 - Amends the Securities Exchange Act of 1934to provide that an independent public accountant who performs auditing or related services for a client is prohibited from also providing to such client during the calendar year in which such services are performed: (1) management consulting services; (2) any other service that is not related to the audit; or (3) any other service that could result in a potential conflict of interest or otherwise impair auditor independence.

Actions

Jan 24, 2002

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 24, 2002

Sponsor introductory remarks on measure. (CR S101-102)
Jan 24, 2002

Introduced in Senate

Amendments

Related Bills