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PCAOB proposes rules for non-US accounting firms

Washington, DC -- The Public Company Accounting Oversight Board (PCAOB) has proposed rules for the oversight of non-US public accounting firms.

According to the docket matter number 013 released in mid-December 2003, the PCAOB-proposed rules relate to registration, inspections, and investigations and adjudications.

The rules are inspired by the Sarbanes-Oxley Act of 2002 which, in Section 106(a), provides that "any non-US public accounting firm that prepares or furnishes an audit report with respect to any US public company is subject to

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