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With the passage of the Sarbanes-Oxley Act in 2002, the Securities and Exchange Commission (SEC)...

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Accounting

With the passage of the Sarbanes-Oxley Act in 2002, the Securities and Exchange Commission (SEC) asked the New York Stock Exchange (NYSE) and the National Association of Securities Dealers (NASD) to develop additional guidance to companies on the role and membership of audit committee so as to improve the effectiveness and independence of audit committees. In response to an inquiry from a senior manager of a company that is considering going public, write a memo discussing the expanded role of a company's audit committee in light of the provisions of the Sarbanes-Oxley Act.

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