The U.S. Senate Banking Committee has begun a new set of hearings to review the implementation of the Sarbanes-Oxley Act. SEC Chairman William Donaldson testified today, September 9, 2003. Other SEC and PCAOB officials are among those scheduled to testify at a future date.

Chairman Donaldsons 21-page testimony and Committee Chairman Richard Shelbys opening statement have been posted online.

You can read Senator Shelbys testimony at http://banking.senate.gov/index.cfm?Fuseaction=Hearings.Testimony&HearingID=58&TestimonyID=305&suppresslayouts=true.

Chairman Donaldsons 21-page testimony is posted on the Senate site at http://www.senate.gov/~banking/_files/donaldsn.pdf and on the SEC site at http://www.sec.gov/news/testimony/090903tswhd.htm.

Todays hearing has also been archived on CSPAN.org and can be viewed at http://www.cspan.org/VideoArchives.asp?z1=&PopupMenu_Name=Congress&CatCodePairs=Issue,C;.