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American Institute of Certified Public Accountants. SEC Practice Section. Transition Oversight Staff

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eGrove (Univ. of Mississippi)

University of MississippieGroveAssociation Sections, Divisions, Boards, Teams American Institute of Certified Public Accountants(AICPA) Historical Collection1-1-2003About the TOSAmerican Institute of Certified Public Accountants. SEC Practice Section. Transition Oversight StaffFollow this and additional works at: https://egrove.olemiss.edu/aicpa_assocPart of the Accounting Commons, and the Taxation CommonsThis Article is brought to you for free and open access by the American Institute of Certified Public Accountants (AICPA) Historical Collection ateGrove. It has been accepted for inclusion in Association Sections, Divisions, Boards, Teams by an authorized administrator of eGrove. For moreinformation, please contact egrove@olemiss.edu.Recommended CitationAmerican Institute of Certified Public Accountants. SEC Practice Section. Transition Oversight Staff, "About the TOS" (2003).Association Sections, Divisions, Boards, Teams. 235.https://egrove.olemiss.edu/aicpa_assoc/235About the TOS   Effective April 1, 2002, the staff of the former Public Oversight Board (POB) entered into an agreement with the staff of the Securities and Exchange Commission (SEC),  the SEC Practice Section (SECPS), and the American Institute of Certified Public Accountants (AICPA) to provide oversight of the accounting profession's self- regulatory activities. This new entity, the Transition Oversight Staff (TOS), will  function until a new structure for regulating accounting firms that audit the financial statements of entities that file such statements with the SEC is operational.   The Memorandum of Understanding (MOU) formalizing the agreement referred to  above is linked to this page. The SECPS, the AICPA, and the TOS reached an informal agreement with the PCAOB that, as the PCAOB began to implement the provisions of the Sarbanes-Oxley Act, it was in the public interest for the SECPS self-regulatory programs to continue throughout 2003 and for the TOS to oversee those programs. The SECPS and the AICPA discontinued their self-regulatory programs covering the audits of public companies as of December 31, 2003, and the TOS terminated its existence as of that date, except for oversight of QCIC activities through January 15, 2004. On January 16, 2004, the TOS released its Report on the Transition Oversight Staff's Oversight and Other Activities Conducted Under the Memorandum of Understanding Dated April 12, 2002 . This report sets forth the activities of the TOS from April 1, 2002 to December 31, 2003.                   © 2003 Transition Oversight St  

About the TOS

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About the TOS

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