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SEC Open Meeting Agenda
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Item 1: | Retention of Records Relevant to Audits and Reviews Office: Office of the Chief Accountant Staff: Jackson M. Day, Samuel L. Burke, Robert E. Burns, D. Douglas Alkema |
Item 2: | Strengthening the Commission's Requirements Regarding Auditor Independence Office: Office of the Chief Accountant Staff: Jackson M. Day, Samuel L. Burke, Robert E. Burns, Paul Munter |
Item 3: | A Report to Congress in Accordance with Section 356(c) of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 Office: Division of Investment Management Staff: Robert E. Plaze, C. Hunter Jones, Martha B. Peterson, Deborah F. Silberman, Robert S. Kim |
For further information, please contact Samuel L. Burke or Robert E. Burns at (202) 942-4400.
The Commission will consider proposing amendments to its existing requirements regarding auditor independence to enhance the independence of accountants that audit and review financial statements and prepare attestation reports filed with the Commission. As directed by Section 208(a) of the Sarbanes-Oxley Act of 2002, the Commission is considering proposing rules to:
In addition, under the proposed rules to be considered by the Commission, an accountant would not be independent from an audit client if any partner, principal or shareholder of the accounting firm who is a member of the engagement team received compensation based directly on any service provided or sold to that client other than audit, review and attest services.
For further information, please contact Samuel L. Burke or Robert E. Burns at (202) 942-4400.
The Commission will consider a recommendation to issue jointly, with the Department of the Treasury and the Board of Governors of the Federal Reserve System, a report to Congress on applying the anti-money laundering requirements of the Bank Secrecy Act to investment companies, as required by Section 356(c) of the USA Patriot Act. The proposed report recommends regulations to apply the requirements of the Bank Secrecy Act to investment companies, including certain unregistered investment companies.
For further information, please contact Robert S. Kim at (202) 942-7961.
http://www.sec.gov/news/openmeetings/agenda111902.htm
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