AICPA/PCPS is pleased to present the Second Edition of A Reasoned Approach to Reform, an overview of state issues related to the Sarbanes-Oxley Act of 2002. This document is intended to replace the first edition, which was distributed by the Special Committee on State Regulation in January of 2003. Like the first edition, this document can be used to educate members, state legislators, regulators, and executive branch officials on the implications of imposing Sarbanes-Oxley provisions at the state level.

The Second Edition includes modifications to the Audit Partner Rotation (formally known as Auditor Rotation), State Board Composition, and Peer Review Issue Briefs. In addition, an issue brief on professional ethics has been added.