Prometheus 6

I said I wanted to get back to this.

Among the issues to be considered are whether laws need to be changed to limit both civil and criminal liability for companies, auditors and directors. One matter Mr. Scott cited is the proper role of state governments in financial market issues, including the cases brought by Eliot Spitzer, the New York State attorney general.

The committee will consider whether Section 404 of the Sarbanes-Oxley Act, which requires audits of internal controls at corporations, should be changed. Critics say that such audits are too expensive and have kept foreign companies from listing their securities in the United States.