Document Type
Article
Publication Date
1958
Abstract
When the Committee on Banking and Currency of the United States Senate was holding hearings on the Securities Act of 1933, a representative of the accounting profession appeared before the Committee and suggested requiring certification by independent public accountants of financial statements included in the registration statements under the Act. The committee considered at some length whether the additional expense to industry of having an impartial audit by accountants independent of the company and management was justified by the expected benefits to the investor and the public. The proposal to require certification by independent public accountants was incorporated in the principal statutes administered by this Commission, either as a requirement or as authority to require certification.
Relational Format
article
Series Title
Accounting Series Release No. 079;Securities Act of 1933 Release No. 3916;Securities Exchange Act of 1934 Release No. 5671;Public Utility Holding Company Act of 1935 Release No. 13720;Investment Company Act of 1940 Release No. 2693
Recommended Citation
United States. Securities and Exchange Commission, "Amendment of rule 2-01 of regulation s-x" (1958). Federal Publications. 76.
https://egrove.olemiss.edu/acct_fed/76