January 29, 2003
In connection with the audit
In connection with the audit of Xerox, the SEC has filed fraud charges against KPMG – and four partners of KPMG – in a NY federal district court – see http://www.sec.gov/news/press/2003-16.htm.
The SEC has posted the final rules on auditor independence implementing SOX 208, 201-204 and 206 at http://www.sec.gov/rules/final/33-8183.htm.
Later today, we will post our “Sarbanes Oxley Scorecard” on the home page of TheCorporateCounsel.net – to facilitate your ability to access each proposing and adopting release. In addition, we will post a checklist of disclosure items to consider for this year’s 10-K early next week as part of the February E-Minders.