Attorneys handling securities and financial reporting matters are buzzing about a Securities and Exchange Commission proposal that would require audit committees to inform shareholders of any untrue or misleading statements in a company’s annual report.
Defense attorneys say the plan is misguided and creates significant liability for board members who serve on audit committees. Plaintiff’s attorneys say the move will ensure that audit committees do more than rubber-stamp a company’s audited financial statements.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
