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Podcast: SOX Auditor Attestation Requirements: Striking a Balance Between Capital Formation and Investor Protection?

Title

Podcast: SOX Auditor Attestation Requirements: Striking a Balance Between Capital Formation and Investor Protection?

Is “investor protection” coordinated sufficiently with “promotion of capital formation”? This live podcast will consider this question in connection with recent public rulemaking developments at the Securities and Exchange Commission.

Public companies in the United States are subject to requirements (i) to establish and maintain internal control over financial reporting and (ii) to have their external auditors attest to, and report on, management’s assessment of these internal controls. These requirements, which some have criticized as imposing excessive costs on smaller public companies, were introduced in part as a reaction to corporate scandals. The Securities and Exchange Commission recently proposed amendments to the existing regulations that would, if adopted, lighten the regulatory burdens for smaller reporting issuers. Some proponents of the amendments argue that exempting smaller issuers from some requirement is critical to promoting their capital formation activities; some opponents contend that the proposed amendments could jeopardize the investor-protection elements of the capital markets.


When:

September 25, 2019 at 12:00 PM ET

Who:

John Berlau
Senior Fellow, Competitive Enterprise Institute

Wes Bricker
US & Mexico Assurance Leader and Vice Chair, PwC

C. Wallace DeWitt
Senior Counsel, Allen & Overy LLP

J. W. Verret
Associate Professor of Law, Antonin Scalia Law School

Please dial 888-752-3232 at 12:00 PM ET to join.