April 15, 2003

Sarbanes Delivers Law School’s Cohen Lecture

On the heels of becoming one of only 20 senators (out of the 1,875 in history) to cast 10,000 votes in the United States Senate, Paul Sarbanes (D–MD) delivered the Law School’s 23rd Annual Manuel F. Cohen Memorial Lecture on March 31.

The co-author of the Sarbanes-Oxley Act of 2002, a new law governing corporate accountability, Sarbanes presented his address, “The Crisis in Corporate America — The Legislative Response,” in the Law School’s newly refurbished Moot Court room.

The act establishes a board comprised of five financially-literate members, appointed to five-year terms. Among its tasks, the board will register public accounting firms; establish “auditing, quality control, ethics, independence, and other standards relating to the preparation of audit reports for issuers; and conduct inspections of accounting firms.”

 

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