The Securities and Exchange Commission, which is charged with overseeing controversial federal rules for corporate bookkeeping, apparently is having trouble fixing its own accounting department.

As the SEC prepares to decide whether to ease up on some internal control obligations imposed by the Sarbanes-Oxley Act that companies decry as burdensome, the Government Accountability Office Monday released a report saying the SEC has failed to fix a number of internal weaknesses.

This content has been archived.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

Why am I seeing this?

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]