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Enjoy the benefits every day. Search|Advanced Search Login|Update Profile |Join |Pay Dues |Member Benefit Programs |The AICPA Store |Contact AICPA Home· The Enron Crisis: The AICPA, The Profession & The Public Interest· Summary of Sarbanes-Oxley Act of 2002 Summary of Sarbanes-Oxley Act of 2002Section 3: Commission Rules and Enforcement.A violation of Rules of the Public Company Accounting Oversight Board ("Board") is treated as a violation of the '34 Act, giving rise to the same penalties that may be imposed for violations of that Act.
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Section 101: Establishment; Board Membership.The Board will have five financially-literate members, appointed for five-year terms. Two of the members must be or have been certified public accountants, and the remaining three must not be and cannot have been CPAs. The Chair may be held by one of the CPA members, provided that he or she has not been engaged as a practicing CPA for five years.
The Board's members will serve on a full-time basis. No member may, concurrent with service on.