The Sarbanes-Oxley Act of 2002 (SOX) was among the most significant congressional acts to impact the...
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The Sarbanes-Oxley Act of 2002 (SOX) was among the most significant congressional acts to impact the auditing profession. As is often the case, Congress passed this legislation in response to specific events that damaged the financial markets and the credibility of audits. a. Please provide a description of the events that spurred Congress to enact SOX. b. Describe the major reforms that came about from the passage of Sarbanes-Oxley. The Sarbanes-Oxley Act of 2002 (SOX) was among the most significant congressional acts to impact the auditing profession. As is often the case, Congress passed this legislation in response to specific events that damaged the financial markets and the credibility of audits. a. Please provide a description of the events that spurred Congress to enact SOX. b. Describe the major reforms that came about from the passage of Sarbanes-Oxley.
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Answer Explanation iThe SarbanesOxley Act of 2002 is a law the US Congress passed on July 30 of that ... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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