fed speech, 2006-02-16
For example, these efforts led to, for example, the enactment of the Sarbanes-Oxley Act in the United States which set the stage for a new audit oversight authority--the Public Company Accounting Oversight Board--to regulate, inspect, report on, and in some cases enforce penalties against auditors and led to new requirements for corporate management to maintain strong internal controls and to make periodic public reports on the adequacy of their companies' internal controls.
Sentiment: neutral
Topic: financial_stability