How Sarbanes-Oxley Will Change the Audit Process



The Sarbanes-Oxley legislation has impacted the way audits will be performed and has caused organizations and businesses to firm up their internal controls and auditors to conform to making opinions on these organizations’ internal controls. Grantees will find this information beneficial in avoiding noncompliance with the Act.

How Sarbanes-Oxley Will Change the Audit Process Congress enacted the Sarbanes-Oxley Act of 2002 in response to a spate of highly publicized business failures, allegations of corporate improprieties and financial statement restatements. Section 404 requires management to acknowledge its responsibility for establishing and maintaining adequate internal controls, including asserting their effectiveness in writing. More>>

How Sarbanes-Oxley Will Change the Audit Process. McConnell, Donald K. Jr. and Banks, George Y. Journal of Accountancy. 2007. English.