X hits on this document

Powerpoint document

Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 18 / 352

2095 views

0 shares

1 downloads

0 comments

18 / 352

18

© D.L. Crumbley

Sarbanes-Oxley Act (7-30-2002)

Most significant change since 1934 Securities Exchange Act

New five-member Public Company Accounting Oversight Board (PCAOB)

Authority to set and enforce auditing, attestation, quality control and ethics (including independencies) standards for auditors of public companies.

Empowered to inspect the auditing operations of public accounting firms that audit public companies as well as impose disciplinary and remedial sanctions for violations of the board’s rules, securities laws and professional auditing and accounting standards.

Rotation of lead audit partner every five years.

For now no requirement to rotate auditing firm

Document info
Document views2095
Page views2116
Page last viewedMon Jan 23 20:50:52 UTC 2017
Pages352
Paragraphs4554
Words31092

Comments