Accounting Reform Takes Center Stage

2002 Year-in Review

Everyone - Congress, the GAO, the SEC, financial executives, CFO groups, overseas regulatory agencies, the AICPA and other organizations - weighed in on "the new way" that auditors should perform their duties, and CPA firms should be policed. But two people stand out from the crowd and leave their mark - Senator Paul Sarbanes of Maryland and Representative Michael Oxley of Ohio, the authors of the Sarbanes-Oxley Act that will redefine the accounting profession and corporate financial reporting for years to come.

01/18/02 Help For Audit Committees In The Post-Enron Era

01/23/02 Public Oversight Board Agrees To Close Its Doors

01/28/02 GAO Announces New Rules on Auditor Independence

02/04/02 Global Companies Tackle Auditor Independence and Oversight

03/04/02 The Case for Halting the Auditors' Revolving Door

07/01/02 SEC Orders Corporate Officers to Certify Financial Statements

07/10/02 President Bush Plans to Move Accounting Out of The Shadows

07/31/02 President Bush Signs Bill Establishing New Rules For The Accounting Profession

08/26/02 California Enacts New Laws Affecting Accountants

11/22/02 SEC Proposes Innovative Auditor Independence Rules