商务知识导读课件董晓波 ISBN9787566309365 PPTUnit 14 Securities and Securities Law.ppt

Unit 14 Securities and Securities Law Text Words Expressions Notes Supplementary Reading Exercises Text: Words Expressions: Notes: Supplementary Reading: Exercises: Thank you! 2) Auditor Independence Title II consists of nine sections and establishes standards for external auditor independence, to limit conflicts of interest. It also addresses new auditor approval requirements, audit partner rotation, and auditor reporting requirements. 3) Corporate Responsibility Title III consists of eight sections and mandates that senior executives take individual responsibility for the accuracy and completeness of corporate financial reports. 4) Enhanced Financial Disclosures Title IV consists of nine sections. It describes enhanced reporting requirements for financial transactions, including off-balance-sheet transactions, pro-forma figures and stock transactions of corporate officers. 5) Analyst Conflicts of Interest Title V consists of only one section, which includes measures designed to help restore investor confidence in the reporting of securities analysts. It defines the codes of conduct for securities analysts and requires disclosure of knowable conflicts of interest. 6) Commission Resources and Authority Title VI consists of four sections and defines practices to restore investor confidence in securities analysts. It also defines the SEC’s authority to censure or bar securities professionals from practice and defines conditions under which a person can be barred from practicing as a broker, adviser or dealer. 7) Studies and Reports Title VII consists of five sections and is concerned with conducting research for enforcing actions against violations by the SEC registrants and auditors. 8) Corporate and Criminal Fraud Accountability Title VIII consists of seven sections and it also referred to as the “Corporate and Criminal Fraud Act of 2002”. It describes specific criminal penalties for fraud by manipulation, destruction or alteration of financial r