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Tuesday, September 30, 2003

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(512) 499-4363

UT System News Media Advisory

U.T. System and NACUBO to Host Conference on Sarbanes-Oxley Act of 2002

The University of Texas System and the National Association of University Business Officers (NACUBO) will host a one-day conference titled "The Sarbanes-Oxley Act of 2002 and Higher Education."

The conference will be held on Wednesday, October 1 at the Thompson Conference Center, 2405 Robert Dedman Drive, on the campus of the University of Texas at Austin.

Parking will be available at the intersection of Red River and Dean Keeton streets.

The purpose of the conference is to share the current trends within the higher education community regarding implementing the Sarbanes-Oxley Act in both public and private institutions of higher education.

On July 30, 2002, President Bush signed the Sarbanes-Oxley Act of 2002 (SOX) into law. SOX applies to publicly held companies and their audit firms. The act impacts the entire accounting profession from large firms to single CPAs that audit publicly traded companies. Although SOX does not currently apply to nonprofit organizations such as higher education institutions, it does set new standards for accountability which colleges and universities may wish to implement.

For more information concerning the conference, including an agenda, please visit www.utsystem.edu/compliance/conferences/homepage.html or contact Kristi Fisher at 512/499-4542.

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