Why Are Select Committees Created

question 10

Essay

Why are select committees created?

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Definitions:

Audits

Independent examinations of financial records and statements by a third party to ensure accuracy and compliance with accounting principles.

Managers' Certification

The process by which company managers formally attest to the accuracy and completeness of the financial statements.

Sarbanes-Oxley (SOX)

A U.S. federal law enacted to protect investors by improving the accuracy and reliability of corporate disclosures, enhancing financial reporting and corporate governance.

Securities and Exchange Commission

A U.S. regulatory agency responsible for enforcing federal securities laws, regulating the securities industry, and overseeing the nation’s stock and options exchanges.