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Auditor Oversight: Proposals for New Regulator (CRS Report for Congress)

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Release Date April 18, 2002
Report Number RS21173
Report Type Report
Authors Mark Jickling, Government and Finance Division
Source Agency Congressional Research Service
Summary:

This report provides basic background information on current regulation of auditors and summarizes alternatives now under consideration. Reforms proposed by Congress and the executive branch focus on oversight of the independent auditor, whose responsibility (in the broadest sense) is to certify that a corporation's accounting statements reflect its true financial condition.