This paper aims to examine the issues surrounding international accounting
standards in securities markets. To do so, it will start in the first chapter, by
examining the meaning and place of information in securities transactions,
information disclosure under securities regulation and the role of accounting
standards in verifying disclosure requirements in securities regulation. Chapter
one will further examine the reasons why SOX Act 2002 was adopted and
consider whether congress aimed at regulating the accounting practice when
they adopted the SOX Act. As such, chapter one will look at the issue whether
the accounting practice and standards would need to be regulated for securities
regulation to be implemented