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Sarbanes-Oxley News & Developments
PCAOB Approves Rules for Foreign AuditorsUnder the new rules, the process for examining foreign firms would vary from country to country.
> > The agency charged with overseeing U.S. public accounting firms unanimously approved new rules that would allow it to oversee and inspect auditors based outside the United States.
The PCAOB controversial rules now must be approved by the SEC. "Financial fraud does not stop at national borders," said PCAOB member Daniel Goelzer.
Source: CFO
Published:2004-06-10
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