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Will Sarbanes-Oxley Make Audits More Efficient or Effective?

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Will Sarbanes-Oxley make audits more efficient or effective?
Why or why not?

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Solution Summary

This solution discusses whether Sarbanes-Oxley will make Audits more efficient or effective.

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Yes it will.

Title II makes executives liable for the accuracy and validity of the financial reports and also defines the interaction between the external auditors and corporate audit committees. This provides for limits in their involvement of the audit and describes specific civil penalties for non-compliance which will give executives the extra boost they need to provide accurate financial statements.

Title IV- Provides ...

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