In July 2002, Congress passed the Sarbanes-Oxley Act. The provisions of the Act apply mainly to publicly held companies and their audit firms. Explain briefly how the Act affects audit firms concerning audit reports, audit documentation, internal control, and other services provided by auditors to their clients.

Answer rating: 100% (QA)

The effects of the act on the working of the audit firms outlined below Auditors will report to comp... View the full answer