Insights: The Corporate & Securities Law Advisor articles from March 2003

Insights: The Corporate & Securities Law Advisor archives from March 2003

The SEC's new auditor independence rules.
March 1, 2003... The SEC recently adopted new auditor independence rules as required by the Sarbanes-Oxley Act of 2002. The new rules not only prohibit certain non-audit services, but also require audit committee pre-approval of audit and non-audit services,...

New accounting and disclosure requirements for guarantees--immediate action required .
March 1, 2003... Interpretation No. 45, issued by the Financial Accounting Standards Board, imposes new accounting and disclosure requirements for guarantees. It not only expands the disclosure requirements for most guarantees, including product warranties...

SEC issues report on Fortune 500 review. .
March 1, 2003... In the past year, the staff of the SEC Division of Corporation Finance undertook a review of the annual reports of the Fortune 500 companies. They have now issued a report highlighting some of the principal disclosure issues they think...

Certain bankers and lawyers could be held legally responsible for Enron securities law claims.
March 1, 2003... A recent ruling in the Enron matter Mark Newby v. Enron Corp., et al., if followed by other courts, could spark a great expansion in the potential liability of bankers, attorneys, and accountants for the corporate misdeeds of their clients....

Introduction to the new SEC chairman.
March 1, 2003... To say that there has been a lot going on at the SEC over the past year is a gross understatement. The SEC Division Directors, Office heads and their staffs have done an outstanding j ob. Judging from the agenda put out in advance of this...