The SEC and Corporate Reform after Pitt

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After months of scandal during which Enron, WorldCom, Global Crossing and Arthur Andersen all became trademarks of corporate corruption, Congress and the Bush administration promised to clean up Wall Street and the accounting industry. This week, Harvey Pitt, the chairman of the Securities and Exchange Commission, has resigned under fire and William Webster has left the new Accounting Oversight Board before it could even get under way. We hear what to expect of the Bush White House and a Republican Congress for restoring investor confidence from financial experts from the Wall Street and the cyber-world, and former SEC chairman Arthur Levitt.
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Corporate and Auditing Accountability Act of 2002 (Sarbanes-Oxley)

Financial Accounting Standards Board

Public Company Accounting Oversight Board



Warren Olney