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Key issues in Dodd-Frank Act for public company audit committees.

The recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act addresses four major issues: transparency, risk management, accountability and structural oversight; and will create new regulators, bring new firms and markets under regulatory oversight, and provide new rulemaking and enforcement powers to regulators. Although central elements of the Act focus on regulating the financial services sector, it also includes provisions affecting every public company, including enhanced SEC enforcement authority and additional corporate governance requirements.

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Grant Thornton's paper, Financial Reform: What Public Companies and Their Audit Committees Need to Know About the Dodd-Frank Act, outlines some key financial reform issues that public companies and their audit committees should understand, as well as actions they can consider to help guide their companies through this changing regulatory landscape.

Learn more and download the paper at www.calcpa.org/DFApaper.
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Publication:California CPA
Date:Sep 1, 2010
Words:139
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