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University Relations

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April 26, 2006
Contact: Justin Lueger, School of Business, (785) 864-9540.

Sarbanes-Oxley Act to be discussed at Deloitte/KU Audit Symposium

LAWRENCE — Top academics and professionals in the accounting field will discuss what they have learned after four years of dealing with the Sarbanes-Oxley Act at the 2006 Deloitte/University of Kansas Audit Symposium.

The symposium will be April 28-29 at the Marriott-SpringHill Suites, 1 Riverfront Plaza. Executives from major accounting firms, corporate leaders, standards setters and academic professors will focus on concerns and lessons learned in panel discussions and research paper presentations. The theme is “SOX 2006: What Have We Learned?”

“The 2006 symposium is a great example of our emphasis on current and important issues facing the accounting profession,” said Jim Heintz, director of the KU School of Business accounting and information systems area. “In fact, the Securities and Exchange Commission and Public Company Accounting Oversight Board are holding a joint roundtable discussion on May 10 covering many of the same issues that are the focus of this year’s symposium.”

Hosted by the KU School of Business, the symposium will explore the impact of Sarbanes-Oxley on auditing practices, corporate experiences with the act and the costs and benefits of the act.

The Sarbanes-Oxley Act was passed in 2002 and mandates greater corporate responsibility and financial disclosures. The act was written shortly after several accounting scandals rocked the corporate landscape. U.S. Sen. Paul Sarbanes, D-Md., and U.S. Rep. Michael Oxley, R-Ohio, each drafted parts of the act.

Deloitte & Touche USA LLP, a global professional services organization, is the main sponsor for the event. The school hosts the symposium every other year to give accounting professors and professionals an avenue to talk about the latest trends and developments in the accounting field.

Howard Cohen, school alumnus and a partner at Deloitte’s Kansas City office, said, “Deloitte is proud to continue more than 30 years of sponsoring the Deloitte/KU Audit Symposium. This year’s symposium provides a unique blend of speakers on the effects of Sarbanes-Oxley, including accounting, corporate, regulatory and academic perspectives.”

For more information, visit the School of Business Web site at www.business.ku.edu or call (785) 864-3795.

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The University of Kansas is a major comprehensive research and teaching university. University Relations is the central public relations office for KU's Lawrence campus.

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