Number: RS21530
Title: Accounting Reform After Enron: Issues in the 108th Congress
Authors: Mark Jickling, Government and Finance Division 
Abstract: The 108th Congress is unlikely to consider legislation as far-reaching as Sarbanes-Oxley, but several issues related to accounting reform remain. These include questions of accounting for stock options and financial derivatives contracts, the possibility of replacing our current rules-based accounting system with a principles-based system, and oversight of the implementation of the accounting reforms mandated by the Sarbanes-Oxley Act.
Pages: 6
Date: September 15, 2004