...are part of the federal securities laws. The FCPA's accounting provisions require public companies to devise and maintain a system of internal accounting controls sufficient to provide reasonable assurance that four basic objectives of internal accounting controls are met. These basic objectives...

...accurately and fairly reflect the transactions and dispositions of the assets of the issuer"; and (b) "to devise and maintain a system of internal accounting controls sufficient to provide I/ Securities Exchange Act Release 17500 (Jan. 29, 1981), 46 FR 11544 (Feb. 9, 1981), 21 SEC Docket...

...unnecessary paperwork burdens." S. 414 addresses this problem by establishing a single provision requiring a system of internal accounting controls sufficient to provide "reasonable assurances' that the controls would achieve certain desired objectives, such as management accountability and record...

...transactions and dispositions of the[ir] assets."27 Part B of Subsection 13(b)(2) requires these companies to "devise and maintain a system of internal accounting...controls sufficient to provide reasonable assurances that "transactions are executed in compliance with management's authorization and recorded in accordance...

...of securities, subject to the reporting requirements of the Securities and Exchange Act of 1934, to devise and maintain a system of internal accounting...controls sufficient to provide reasonable assurances that certain specific goals are met. This redrafting, coupled with a much needed scienter standard (which...

...accurately and fairly reflect the transactions and dispositions of the assets of the issuer; and (B) devise and maintain a system of internal accounting...controls sufficient to provide reasonable assurances that — (i) transactions are executed in accordance with management's general or specific authorization;...

...and every issuer which is required to file reports pursuant to section 1 .j(di of this title shall devise and maintain a system of internal accounting...controls sufficient to provide reasonable assurances that — "(A) transactions are executed in accordance with management's general or specific authorization;...

...accurately and fairly reflect the transactions and dispositions of the assets of the issuer"; and (b) to "devise and maintain a system of internal accounting...controls sufficient to provide reasonable assurances that 2/ Id. ; See Statement of the Honorable John SR Shad, Chairman, Securities and Exchange Commission,...

...accounts and related practices are proscribed by the Act. Reporting companies are also required to devise and maintain a system of internal accounting...sufficient to provide reasonable assurances that: (i) transactions are executed in accordance with management's specific authorization; (ii) transactions...

...Foreign Corrupt Practices Act of 1977, which requires publicly held companies, among other things, to devise and maintain a system of internal accounting...controls sufficient to provide reasonable assurances that certain specified objectives are met. The SEC aba a, considering whether to require some form of public...