Purchase Solution

Impact of COSO, SOX 404, SAS 112 and who benefits

Not what you're looking for?

Ask Custom Question

Briefly (one paragraph), explain the value and significance of COSO, SOX section 404, SAS 112 and other legislation about the role of the accountant and auditor?

Do the regulations you mention primarily protect the auditor or client?

Purchase this Solution

Solution Summary

Your discussion is 96 words and indicates which party is most helped by these regulations.

Solution Preview

These requirements give auditors of publicly traded firms the requirement to review and test controls (SOX 404), the framework for a quality system of controls ...

Solution provided by:
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
Recent Feedback
  • "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
  • "Thank, this is more clear to me now."
  • "Awesome job! "
  • "ty"
  • "Great Analysis, thank you so much"
Purchase this Solution


Free BrainMass Quizzes
Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.