Sox Section 201
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Title: Sox Section 201

Essay Details:

Subject: Business
Author: Holly W
Date: September 27, 2015
Level: College
Grade: B
Length: 1 / 152

Essay text:

Some reasons a firm should be able to perform both audit and other assurance services for the same company could include: • Performing both the internal and external audit functions could help to eliminate errors that would lead to material misstatements. • Providing assistance to the company with regards to its accounting system could help to decrease time required during the audit. • Valuation services provided by the audit firm could help to reduce errors in financial instruments. Reasons that a firm should not perform audit and other, separate functions could include: • The AICPA Code of Professional Conduct maintains that there must be independence in regards to attestation services...

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