Why was The Schwan Food Company, a private company, motivated by the Sarbanes-Oxley Act of 2002 (legislation pertaining only to public companies) to install an internal audit function? List specific factors (both internal and external) that may have caused The Schwan Food Company to change its internal control practices and corporate governance structure..

Answer rating: 100% (QA)

Solution Background of Sarbanes Oxley Act of 2002 Sarbanes Oxley Act 2002 is created to stop the corporate world fraud It is there to protect the whistleblowersinvestors to bring transparency in the e... View the full answer