2003 Regular Session

SENATE BILL 560

File Code: Corporations and Associations
Sponsored By:
Senators Pinsky and Grosfeld
Entitled:
Corporate Accountability Act of 2003

Synopsis:

Prohibiting a registered public accounting firm that performs specified audits for a securities issuer from providing specified non-audit services; prohibiting a registered public accounting firm from providing audit services for a securities issuer if specified partners of the firm have performed audits for the issuer during a specified time period or if specified officers of the issuer were employed by the firm within the previous year; providing whistleblower protections for employees who report specified violations; etc.

History by Legislative Date

Senate Action
1/31
First Reading Finance
2/4
Hearing 2/18 at 1:00 p.m.
3/3
Unfavorable Report by Finance
House Action
No Action
Sponsored by:
Senator Paul G. Pinsky, District 22
Senator Sharon M. Grosfeld, District 18
Bill indexed under the following Subjects:
ACCOUNTANTS
ATTORNEY GENERAL
AUDITORS AND AUDITS
COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
DISCLOSURE
ETHICS
GRANTS
LIMITED LIABILITY COMPANIES
NOTICES
PENALTIES
PRIVACY
PROCUREMENT
PUBLIC INFORMATION
REPORTS
SALARIES -see also- OVERTIME
SECURITIES
TELEPHONES
WORK, LABOR AND EMPLOYMENT -see also- COL BARG; HOLIDAY; etc
Bill affects the following Statutes:
Corporations and Associations
( 11-5A-01 , 11-5A-02 , 11-5A-03 , 11-5A-04 , 11-5A-05 )
Labor and Employment
( 3-708 )
State Finance and Procurement
( 13-205 , 13-210 )
State Government
( 6-301 , 8-505 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered