I am searching for an answer–need this for class
Take a look at the link below, it is a great reference and will explain the answer to your question
How the Sarbanes-Oxley Act relates to internal control?
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I am searching for an answer–need this for class
Take a look at the link below, it is a great reference and will explain the answer to your question
March 28th, 2010 at 2:13 am
This would be a very long answer. Essentially SO was created to tighten internal controls, preventing fraud etc. It has many provisions that seek to tighten controls, ie rotation of auditors, greater transparency etc. etc, the whole act is about controls essentially. You can look up specific rules pertaining to SO if you want.
References :
March 28th, 2010 at 2:39 am
Take a look at the link below, it is a great reference and will explain the answer to your question
References :
http://www.sec.gov/news/press/2003-66.htm