Key provisions of SOX that strengthen auditing
Not what you're looking for?
What the key provisions of the law that strengthen the auditing of the publicly traded companies? Please refer to the Sarbanes-Oxley Act.
Purchase this Solution
Solution Summary
This solution explains the key provisions of the Sarbanes-Oxley Act of 2002 that strengthen the auditing of publicly traded companies.
Solution Preview
Every provision in SOX strengthens the auditing function of publicly traded companies. This was the main reason why SOX was created. There were such severe deficiencies in the auditing of publicly traded companies and there was such a lack of regulation, and we saw the effect of that lack when Enron collapsed. After the additional accounting scandals that all took place in the early 2000's, we then saw the creation of SOX as a result of those collapses and accounting frauds. In every SOX provision, we see the same basic objective - to strengthen the auditing function. Let's look at the main provisions that accomplish this objective.
Section 302 - The CEO & CFO must personally sign an ...
Purchase this Solution
Free BrainMass Quizzes
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
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.
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Introduction to Finance
This quiz test introductory finance topics.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)