Explore BrainMass
Share

Sarbanes-Oxley Act

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

Please include a detailed explaination of how the Sarbanes-Oxley Act impacts the internal controls of an organization.

© BrainMass Inc. brainmass.com October 16, 2018, 5:50 pm ad1c9bdddf
https://brainmass.com/business/sarbanes-oxley-act/sarbanes-oxley-act-65219

Solution Preview

Please see the attached document. I wasn't certain as to how much information you were looking for ...

Solution Summary

Sarbanes-Oxley Act is featured.

$2.19
Similar Posting

Sarbanes-Oxley Act and the PCAOB

The following comments summarize the beliefs of some practitioners about the Sarbanes-Oxley Act and the PCAOB.

The Sarbanes-Oxley Act is unnecessary regulation of the profession. The costs of requirements such as reporting on the effectiveness of internal control over financial reporting greatly exceed the benefits. These increased costs will discourage companies from issuing publicly traded stock in the United States. The regulation also gives a competitive advantage to national CPA firms because they are best prepared to meet the increased requirements of the Act. Three things already provide sufficient assurance that quality audits are performed without PCAOB oversight. They are competitive pressures to do quality work, legal liability for inadequate performance, and a code of professional conduct requiring that CPA firms follow generally accepted auditing standards.

a. State the pros and the cons of those comments.
b. Evaluate whether the Sarbanes-Oxley Act and PCAOB regulation are worth their cost.

View Full Posting Details