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Accounting Reform After Enron: Issues in the 108th Congress (CRS Report for Congress)

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Release Date Revised Sept. 15, 2004
Report Number RS21530
Report Type Report
Authors Mark Jickling, Government and Finance Division
Source Agency Congressional Research Service
Older Revisions
  • Premium   May 28, 2003 (4 pages, $24.95) add
Summary:

The 108th Congress is unlikely to consider legislation as far-reaching as Sarbanes-Oxley, but several issues related to accounting reform remain. These include questions of accounting for stock options and financial derivatives contracts, the possibility of replacing our current rules-based accounting system with a principles-based system, and oversight of the implementation of the accounting reforms mandated by the Sarbanes-Oxley Act.