This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Enron, audit failures -> Sarbanes-Oxley Act (SOX) 2002 Pre-SOX: Auditing Standards Board (ASB) -> SASs Post-SOX: PCAOB has authority for external auditing of public listed companies and set standards for auditing, ethics, independence, and quality control 103, 104: Public Accounting firms must be registered and inspected periodically 201: Prohibits provision of non-audit services by auditor 301: Audit committee is independent and engages and decides auditors compensation 302 and 404: CEO, CFO must sign for IC and auditor must also attest to the effectiveness of IC over financial reporting...
View Full Document
- Fall '08