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Briefly explain the Sarbanes Oxley Act

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Reference no: EM133012990

QUESTION -

a) Briefly explain the Sarbanes Oxley Act (SOX) of 2002? According to SOX, responsibility of establishing and maintaining Internal control is who's responsibility?

b) What are the Three main types of Risk identified during a Risk assessment exercise?

c) Explain "Risk Response"? During a Risk assessment and Response to selecting control activities exercise, if it is determined that it is NOT cost beneficial to protect the firm from a particular risk, what actions an organisation can undertake to minimize the risk exposure?

Reference no: EM133012990

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