The Final Report of the Advisory Committee on the Auditing Profession to the U.S. Department of the Treasury is the first major study of the U.S. auditing profession since enactment of the Sarbanes-Oxley Act of 2002. Its recommendations include encouraging the states to substantially adopt the mobility provisions of the Uniform Accountancy Act, updating accounting certification examinations to reflect practice in global capital markets, and requiring regular and formal roundtable meetings of regulators and other governmental enforcement bodies.
