Prior to SOX, external auditors were required to be familiar with the client organizations internal controls, but

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Prior to SOX, external auditors were required to be familiar with the client organization’s internal controls, but not test them. Explain.

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Accounting Information System

ISBN: 9781439078570

7th Edition

Authors: James A. Hall

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Question Posted: Nov 28, 2012 07:39 AM

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Prior to SOX, external auditors were required to be familiar with the client organizations internal controls, but

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Auditors had the option of not relying on internal controls in the conduct of ...View the full answer

Accounting Information System

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