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NEW rules issued last week by the US Securities and Exchange Commission (SEC) in response to the post-Enron collapse in public confidence in the US corporate sector could have major repercussions on Malaysian listed companies and their auditors if they were adopted by authorities here, said Ernst and Young country managing partner See Huey Beng.
The US Securities and Exchange Commission announced it is accepting nominations for a new head of the agency created by Congress in response to the wave of corporate accounting scandals.
The New York Stock Exchange (NYSE), struggling to repair its image and map out a future without ousted boss Richard Grasso, said it would consider splitting his old job, as some of the world's top financial figures shunned suggestions that they might fill his shoes.
A MORE stringent law introduced last May by the United States, which regulates public accounting practices, is set to extend beyond the borders of America, says an international accounting expert.
WASHINGTON (Reuters) - Trying to oust U.N. Secretary-General Kofi Annan would only delay vital efforts to reform the United Nations, leaders of a U.S. panel that sharply criticized the world body's management said on Sunday.