Amendment104th Congress
Amendment codifies certain SEC financial fraud and disclosure requirements with respect to the auditing of publicly-traded companies by requiring independent accountants auditing such companies to evaluate the company's viability for the coming year, to use auditing procedures designed to detect illegal acts, report to the company's management any illegal acts the accountant uncovers, and report any illegal acts to the SEC if the company itself fails to do so.
- Amendment Number
- 273
- Description
- Amendment codifies certain SEC financial fraud and disclosure requirements with respect to the auditing of publicly-traded companies by requiring independent accountants auditing such companies to evaluate the company's viability for the coming year, to use auditing procedures designed to detect illegal acts, report to the company's management any illegal acts the accountant uncovers, and report any illegal acts to the SEC if the company itself fails to do so.
- Purpose
- An amendment to codify certain SEC financial fraud and disclosure requirements with respect to the auditing of publicly-traded companies. Among other items, the amendment requires independent accountants auditing such companies to evaluate the company's viability for the coming year, use auditing procedures designed to detect illegal acts, and report to the company's management any illegal acts the accountant uncovers. Under the amendment, an auditor would be required to report any such illegal acts to the SEC if the company itself failed to do so.
- Congress
- 104
- Type
- HAMDT
- Latest Action Date
- Mar 8, 1995
- Latest Action Text
- On agreeing to the Wyden amendment (A008) Agreed to by voice vote.
- Latest Action Time
- 16:42:23
- Submitted Date
- Mar 8, 1995
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021