Explore BrainMass

Explore BrainMass

    Will Sarbanes-Oxley Make Audits More Efficient or Effective?

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

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

    © BrainMass Inc. brainmass.com March 4, 2021, 8:16 pm ad1c9bdddf

    Solution Preview

    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 ...

    Solution Summary

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