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Auditing

Please note: This item is from our archives and was published in 2002. It is provided for historical reference. The content may be out of date and links may no longer function.

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President Bush signed into law on July 30 the Sarbanes-Oxley Act of 2002 (www.aicpa.org/info/sarbanes_oxley_summary.htm), establishing the Public Company Accounting Oversight Board, which assumes the profession’s regulatory powers, increases public participation in the regulation of registered accounting firms and prohibits audit firms from providing a wide array of nonaudit consulting services to their corporate clients.