The Sarbanes-Oxley Act (SOX) requires managers and auditors of companies whose stock is traded on an exchange to document and certify the system of internal controls. What are the specific requirements for auditors set forth by SOX?
What will be an ideal response?
Auditors must evaluate internal controls and issue an internal control report. Auditors
of a client are restricted as to what consulting services they can provide that client. The person leading an audit can serve no more than seven years without a two-year break. Auditors work is overseen by the Public Company Accounting Oversight Board (PCAOB). Harsh penalties exist for violators.
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Which of the following is a reason why marketers see appeal in using mobile devices as a communication tool?
A) Users frequently share the devices. B) Marketers can personalize messages. C) Users turn them on only when they want to engage with brands. D) They do not distract consumers by offering a payment system. E) They are used only in limited locations.
Who are the primary victims of financial statement fraud?
a. Middle management b. Organizations that buy goods or services c. Analysts d. Stockholders
________ is an advertising approach that scans the text of recently viewed websites for
keywords and delivers ads targeting those keywords. A) Keyword advertising B) Viral advertising C) Contextual advertising D) Semantic advertising
An enterprise contract provides a statement of an employer's commitment to allow the union and employee to be involved in ____________________, in exchange for a statement of the union/worker's commitment to ____________________.
A. Business decision making; competitiveness B. Setting wages, hours, and working conditions; follow company rules C. Volunteerism; the community D. Board meetings; act in the best interest of the company