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Simple English definitions for legal terms

Dodd-Frank Act - Table of Contents

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A quick definition of Dodd-Frank Act - Table of Contents:

Definition: The Dodd-Frank Act is a law that was passed in the United States to regulate the financial industry after the 2008 financial crisis. Title I of the act establishes the Public Company Accounting Oversight Board, which sets standards for auditing and investigates accounting firms. This section also includes provisions for funding and oversight by the Securities and Exchange Commission.

A more thorough explanation:

PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD

  • Section 101-- Establishment; Administrative Provisions
  • Section 102-- Registration with the Board
  • Section 103-- Auditing, Quality Control, and Independence Standards and Rules
  • Section 104-- Inspections of Registered Public Accounting Firms
  • Section 105-- Investigations and Disciplinary Proceedings
  • Section 106-- Foreign Public Accounting Firms
  • Section 107-- Commission Oversight of the Board
  • Section 108-- Accounting Standards
  • Section 109 -- Funding

The Dodd-Frank Act is a law passed by the United States Congress in 2010 to regulate the financial industry and protect consumers. Title I of the Act establishes the Public Company Accounting Oversight Board (PCAOB), which is responsible for overseeing the auditing of public companies to ensure that they are following accounting standards and rules.

For example, Section 102 requires public accounting firms to register with the PCAOB in order to practice auditing. This helps to ensure that only qualified and reputable firms are auditing public companies. Section 104 requires the PCAOB to conduct regular inspections of registered public accounting firms to ensure that they are following auditing standards and rules. This helps to maintain the integrity of the auditing process and protect investors.

Dodd-Frank Act | Dodd-Frank: Definitions

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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