The Impact of the Sarbanes Oxley Act

The Impact of the Sarbanes Oxley Act - Accounting 303 essay

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The Impact of the Sarbanes Oxley Act Accounting 303 Essay By Janna Lenhart Being that it is a well known fact the entire world, not just the accounting field, felt the reverberation of billions of dollars lost due to the misdeeds of trusted professionals and the changes that ensued as a direct result, I will keep my discussion of SOX within the corporate arena I am most familiar, Yum Brands, Inc. “Section 404 of Sarbanes-Oxley, the requirement that all companies must review their internal controls, has everyone working very hard. All companies have to assess and document their internal systems of checks and balances, and accounting firms now have to audit those assessments.” (Inside Sarbanes-Oxley) Within the Yum Brands, USA Control Group for Asset Management, the SOX narrative is to properly account for property, plant and equipment and to ensure the safeguarding of these assets. The following is a summarized description of a few of these internal controls. 1)
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The Impact of the Sarbanes Oxley Act - Accounting 303 essay

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