case 2 #47

case 2 #47 - Case Response 2 Case 47 Michelle Knight...

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Case Response 2 Case # 47 Michelle Knight Strayer University Forensic Accounting – ACC C 571 Nauri D. Ahmed January 28, 2011
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Sarbanes- Oxley only applies and affects publicly traded companies. It also regulates what committee boards must do to ensure auditor independence. Sox also defines and creates the role of the Public Company Accounting Oversight board they a group that is able to enforce standards for audits of public companies. (The Sarbanes-Oxley Act and Implications for NonProfit Organizations) Important steps that must be taken to ensure compliance with the independence requirements of Sarbanes Oxley. There are three major rules to ensure compliance with the auditor independence. (1) To prohibit auditors from providing certain audit and non audit services to their client contemporaneously with audits. Non-audit services that auditors cannot provide may be a few of the following services. Outsourcing services for internal auditing, Design and implementation, legal services unrelated to the audit, management functions or human services.
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case 2 #47 - Case Response 2 Case 47 Michelle Knight...

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