I anticipate the arrival of my colleague from New Jersey, Senator Corzine, at any moment because we would like to at least put our colleagues on notice today of our intention to introduce legislation to strengthen the independence and objectively of corporate audits in this country. I have the fortunate job of being the chairman of the Securities Subcommittee of the Banking Committee of the Senate. I have held that position for a number of years, both as chairman and as the ranking Democrat during Republican majorities in this Chamber, and have worked very closely with a number of my colleagues on a variety of issues affecting the securities industry, the confidence in our markets. Obviously, the events we have heard about over the last number of days involving the Enron Corporation and Arthur Andersen's accounting firm and other questions have raised some issues that Senator Corzine and I think need addressing.
On the recordJanuary 23, 2002
Source
govinfo.govEditor's note · Context
Announcing plans to introduce legislation on corporate audit independence in response to the Enron scandal.
Share
More from Chris Dodd
Nov 30, 2010
I'll tell you, one of the things I feel very good about is that there are people like Bob Menendez, who care about these issues.
Nov 30, 2010
The FTC's red flags rule implementing section 114 of the FACT Act became effective on January 1, 2008. The rule applied to ``creditors,'' defined under the FACT Act the same way as in the Equal Credit Opportunity Act, ECOA, to include any…
Nov 30, 2010
President Clinton, to his eternal credit in my view, just does not quit on this issue.
Oct 30, 2011
In fact, it was the uncertainty inherent in a nontransparent and reckless financial system that made Dodd-Frank necessary in the first place.





