On December 13, 2002, the Securities and Exchange Commission proposed rules to carry out the provisions of the Sarbanes-Oxley Act of 2002, restricting the type of non-audit services which auditing firms may provide to their audit clients, and imposing audit committee approval requirements and corporate disclosure obligations with respect to non-audit services. The rules were proposed pursuant to the requirements of Section 208(a) of the Sarbanes-Oxley Act and are statutorily required to be issued in final form by January 26, 2003.