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Prepared Remarks at Center for Audit Quality “Sarbanes-Oxley at 20: The Work Ahead”

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiPrepared Remarks at Center for Audit Quality “Sarbanes-Oxley at 20: The Work Ahead”

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler marks twenty years of Sarbanes-Oxley by calling for updated audit standards.

Problems raised
  1. Some audit standards are decades old.
  2. Going concern standards miss current risks.
  3. Investors need reliable audits.
Solutions proposed
  1. Update PCAOB auditing standards.
  2. Revisit going concern requirements.
  3. Build on Sarbanes-Oxley's legacy.
Read full speech on sec.gov ↗

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