unit 4 project Advance Forensic accounting

unit 4 project Advance Forensic accounting - Unit 4...

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Unit 4 Assignments Advance Forensic accounting 465-01 Exercise 4-13 what are some of the requirements for audit committees under the Sarbanes- Oxley Act? Some of the requirements for audit committees may be summarized as follows: 1. Each member of the audit committee of the issuer must be independent to specified criteria. 2. The audit committee of each issuer must be directly responsible for the appointment, compensation, retention, and oversight of the work of any registered public accounting firm engaged for an audit report and such accounting firm must report directly to the audit committee. 3. Each audit committee must establish procedures for complaints on accounting, internal accounting controls, or auditing matters. 4. Each audit committee must have the authority to engage independent counsel and other advisors, as it determines necessary to carry out its duties. 5. Each issuer must provide appropriate funding for the audit committee. 6.
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This note was uploaded on 11/14/2010 for the course AC 465-01 taught by Professor Hulsart during the Winter '10 term at Kaplan University.

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unit 4 project Advance Forensic accounting - Unit 4...

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