Reporting Compliance After the Sarbanes-Oxley Act of 2002
Wednesday, February 19th, 2003
On July 31, 2002, we advised you of the passage by the United States Congress and the signing into law by the President the Sarbanes-Oxely Act of 2002 (the “Act”), the most sweeping accounting and corporate governance reforms since the 1930’s. These reforms were in direct response to the corporate and accounting scandals that filled the news over the past several years, such as those involving Enron, WorldCom and Tyco International.
Subsequent to the enactment of the Act, the Securities and Exchange Commission (the “Commission”) has adopted and proposed rules and regulations that impact corporate governance and provide for additional reporting and disclosure obligations. This Special Alert is to inform you of the complex compliance obligations required by the Act and the rules and regulations adopted and proposed by the Commission.