TITLE III - CORPORATE RESPONSIBILITY
SEC. 303. IMPROPER INFLUENCE ON CONDUCT OF AUDITS.
(a) RULES TO PROHIBIT. - It shall be unlawful, in contravention of such rules
or regulations as the Commission shall prescribe as necessary and appropriate
in the public interest or for the protection of investors, for any officer or
director of an issuer, or any other person acting under the direction thereof,
to take any action to fraudulently influence, coerce, manipulate, or mislead
any independent public or certified accountant engaged in the performance of
an audit of the financial statements of that issuer for the purpose of rendering
such financial statements materially misleading.
(b) ENFORCEMENT. - In any civil proceeding, the Commission shall have exclusive
authority to enforce this section and any rule or regulation issued under this
section.
(c) NO PREEMPTION OF OTHER LAW. - The provisions of subsection (a) shall be
in addition to, and shall not supersede or preempt, any other provision of law
or any rule or regulation issued thereunder.
(d) DEADLINE FOR RULEMAKING. - The Commission shall -
(1) propose the rules or regulations required by this section,
not later than 90 days after the date of enactment of this Act; and
(2) issue final rules or regulations required by this section,
not later than 270 days after that date of enactment.
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Founded in 1996, the company is headquartered in Waltham, Massachusetts, with
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For more information on OpenPages' suite of business governance software solutions
or to register for an online demonstration, please call 781-693-5999 or visit
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