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Required Study by SEC on Arrangements with Off-Balance Sheet Implications, Special Purpose Entities and Transparency of Filings by Issuers
Review the results of the SEC’s study of off-balance sheet arrangements and special purpose entities as mandated by Section 401(c) of the Sarbanes-Oxley Act of 2002.
View CAQ Highlight Summary of this required study
Required Study by the GAO on the Potential Effects of Mandatory Audit Firm Rotation
Review the results of the study of the potential effects of requiring mandatory rotation of registered public accounting firms, as mandated by the Sarbanes-Oxley Act of 2002.
Required Study by the GAO on Reporting Under Section 10A of the Securities Exchange Act of 1934
Review the results of the study of Section 10A reports submitted to the SEC through May 15, 2003.
Required Study by the SEC on the Adoption by the United States Financial Reporting System of a Principles-Based Accounting System Pursuant to Section 108(d) of the Sarbanes-Oxley Act of 2002
Review the results of the study of the adoption of a principles-based accounting system, including (i) the extent to which principles-based accounting and financial reporting exists in the U.S.; (ii) the length of time required for change from a rules-based to a principles-based financial reporting system; (iii) the feasibility of and proposed methods by which a principles-based system may be implemented; and (iv) a thorough economic analysis of the implementation of a principles-based system.
Required Study by the SEC on SEC Enforcement Actions Pursuant to Section 308(c) of the Sarbanes Oxley Act of 2002
Review the results of the SEC's study of its enforcement actions over the five years preceding the enactment of the Sarbanes-Oxley Act to identify how such proceedings may best be utilized to provide restitution for injured investors.
Required Study by the GAO on Accounting Firm Consolidation Pursuant to Section 701 of the Sarbanes-Oxley Act of 2002
Review the results of the study of the causes, effects, and impact of audit firm consolidation.
View CAQ Alert #2008-05 for summary of this required study
Required Study by the SEC of Enforcement Actions Pursuant to Section 704 of the Sarbanes-Oxley Act of 2002
Review the results of the study of enforcement actions by the Commission involving violations of reporting requirements imposed under the securities laws, and restatements of financial statements, over the five-year period preceding the date of enactment of this Act, to identify areas of reporting that are most susceptible to fraud, inappropriate manipulation, or inappropriate earnings management, such as revenue recognition and the accounting treatment of off-balance sheet special purpose entities. |