How does the legislation affect the internal audit

Reference no: EM13607163

Sarbanes-Oxley Act of 2002, LO 3The Sarbanes-Oxley Act of 2002 has been described as the most far-reaching legislation affecting business since the passage of the 1933 Securities Act.

a. Identify the portions of the legislations that specifically affect the external audit profession and discuss how they affect it.

b. How does the legislation affect the internal audit profession? Identify activities that are implied in the legislation as well as activities that willlikely emerge as companies implement various provisions of the Act.

c. Do you believe the legislation enhances the power and prestige of the audit profession or, alternatively, that is decreases both the power and prestige of the profession?

Reference no: EM13607163

Questions Cloud

Te wall is 011 m thick and has an area of 88 m2 assume : in an electrically heated home the temperature of the ground in contact with a concrete basement wall is 12.0 oc. the

Lopez corporation has collected the following information : lopez corporation has collected the following information after its first year of sales. net sales were 1600000 on

What is the net force exerted by these two charges on a : consider two point charges located on the x axis one charge -12.0 is located at -1.650 the second charge 31.0 is

For the following claim find the null and alternative : for the following claim find the null and alternative hypothesis test statistic pvalue critical value and draw a

How does the legislation affect the internal audit : sarbanes-oxley act of 2002 lo 3the sarbanes-oxley act of 2002 has been described as the most far-reaching legislation

Determining accrued interest in various situations lo13-2 : determining accrued interest in various situations lo13-2 on july 1 2013 ross-livermore industries issued nine-month

Let x and y be independent random variables with x exp2 and : let x and y be independent random variables with x exp2 and yexp3 where the pdf of an exponential random variable is

Water at 300 kpa with a quality of 50 has a temperature : water at 300 kpa with a quality of 50 has a temperature raised 20oc in a constant pressure process. what is the new

Will who is single and under age 50 is employed as a : will who is single and under age 50 is employed as a full-time tax accountant at a local manufacturing company where he

User Account

All Pages