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

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    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?

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    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 Summary

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