Question: Briefly discuss the key events that led up to the
Briefly discuss the key events that led up to the Sarbanes- Oxley Act of 2002 and the creation of the PCAOB.
Answer to relevant QuestionsDiscuss how the events that have so dramatically affected auditors and the public accounting profession since the Enron scandal may in some sense be “healthy” for the profession. What kind of organization is the PCAOB, why was it formed, and what does it do?Audits can be categorized into five types: (1) financial statement audits, ( 2) audits of internal control, ( 3) compliance audits, ( 4) operational audits, and ( 5) forensic audits. Required: For each of the following ...Who is responsible for initiating the communication between the predecessor and successor auditors? What type of information should be requested from the predecessor auditor? Why is it important for CPA firms to develop policies and procedures for establishing materiality?
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