Title: PCAOB

Essay Details

Subject: Business
Author:
Date: November 6, 2014
Level: University
Grade: A
Length: 6 / 1606
No of views: 0
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Essay text:

In reference to SOX, penalties would be issued to non-ethical or non-law-abiding public companies and their executives, directors, auditors, attorneys, and securities analysts (1). SOX significantly transformed the procedures in which public companies handle internal controls and reporting within accounting and finance and the managerial aspects of public companies (2)...

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SOX significantly transformed the procedures in which public companies handle internal controls and reporting within accounting and finance and the managerial aspects of public companies (2). Among the many objectives of SOX the most important objective is to oversee public accounting, publicly reporting companies, and the investment industry; however, SOX needed assistance in order follow through with these objectives: To better observe the actions of public accountancy, SOX has established the Public Company Accounting Oversight Board...

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