The Center for Audit Quality, the Council of Institutional Investors and CFA Institute have written a joint letter to the leaders of the House Financial Services Committee objecting to legislation that would weaken some key provisions of the Sarbanes-Oxley Act and the Dodd-Frank Act.
The three organizations specifically expressed their opposition to a provision in the Financial Choice Act that would revise the definition of an “accelerated filer,” making fewer large companies subject to Sarbanes-Oxley requirements for audits of internal controls over financial reporting.
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