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Unformatted text preview: Enron, audit failures -> Sarbanes-Oxley Act (SOX) 2002 Pre-SOX: Auditing Standards Board (ASB) -> SAS’s 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 auditor’s compensation 302 and 404: CEO, CFO must sign for IC and auditor must also attest to the effectiveness of IC over financial reporting...
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- Fall '08
- U.S. Securities and Exchange Commission, SEC ACT, Auditing Enforcement Releases, SEC Securities, Series Releases ASR