HR 5184
107th Congress
House
Finance and Financial Sector
Accounting
Accounting and auditing
Administrative fees
Administrative procedure
Auditing
Auditing and auditors
Business ethics
Commerce
Conflict of interests
Congress
Congressional reporting requirements
Corporate collapse
Economics and Public Finance
Executive reorganization
Financial statements
Government Operations and Politics
Independent regulatory commissions
Information disclosure (Securities law)
Labor and Employment
Corporate Auditing Integrity Act of 2002
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 19, 2002
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Jul 24, 2002
Sponsor introductory remarks on measure. (CR E1337-1338)
Jul 23, 2002
Referred to the House Committee on Financial Services.
Jul 23, 2002
Introduced in House
Plain-English summary
Corporate Auditing Integrity Act of 2002 - Directs the Securities and Exchange Commission (SEC) to establish within its Division of Corporate Finance the Office of Audit Review to participate in and supervise all stages of the audit of a public company.
Instructs the SEC to: (1) establish fee assessments to recover Office expenses; and (2) establish criteria to determine which public companies shall be subject to enhanced oversight by the Office. Requires such criteria to include: (1) the size and nature of the public company; (2) the company's participation in recent mergers; (3) other key factors including labor relations, marketing programs, new products, research, and development; and (4) any other circumstances the SEC identifies as posing a high risk of business failure or wrong doing.
What's happening now
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Committees of jurisdiction
2