TITLE IV—ENHANCED FINANCIAL
DISCLOSURES
SEC. 401. DISCLOSURES IN PERIODIC REPORTS.
(a) DISCLOSURES REQUIRED.—Section 13 of the Securities
Exchange Act of 1934 (15 U.S.C. 78m) is amended by adding at
the end the following:
‘‘(i) ACCURACY OF FINANCIAL REPORTS.—Each financial report
that contains financial statements, and that is required to be prepared
in accordance with (or reconciled to) generally accepted
accounting principles under this title and filed with the Commission
shall reflect all material correcting adjustments that have been