Sarbanes Oxley Act Section 601

 

TITLE VI—COMMISSION RESOURCES
AND AUTHORITY
 
SEC. 601. AUTHORIZATION OF APPROPRIATIONS.
 
Section 35 of the Securities Exchange Act of 1934 (15 U.S.C.
78kk) is amended to read as follows:
 
‘‘SEC. 35. AUTHORIZATION OF APPROPRIATIONS.
‘‘In addition to any other funds authorized to be appropriated
to the Commission, there are authorized to be appropriated to
carry out the functions, powers, and duties of the Commission,
$776,000,000 for fiscal year 2003, of which—
 
‘‘(1) $102,700,000 shall be available to fund additional compensation,
including salaries and benefits, as authorized in
the Investor and Capital Markets Fee Relief Act (Public Law
107–123; 115 Stat. 2390 et seq.);
 
‘‘(2) $108,400,000 shall be available for information technology, security enhancements, and recovery and mitigation activities in light of the terrorist attacks of September 11, 2001; and
 
‘‘(3) $98,000,000 shall be available to add not fewer than
an additional 200 qualified professionals to provide enhanced
oversight of auditors and audit services required by the Federal
securities laws, and to improve Commission investigative and
disciplinary efforts with respect to such auditors and services,
as well as for additional professional support staff necessary
to strengthen the programs of the Commission involving Full
Disclosure and Prevention and Suppression of Fraud, risk
management, industry technology review, compliance, inspections,
examinations, market regulation, and investment
management.’’. 

 

   

 

Sarbanes Oxley Compliance Professionals Association (SOXCPA)

Certified Sarbanes-Oxley Expert (CSOE) - Distance learning and online certification program