Reflect on the major responsibilities of the pcaob

Assignment Help Accounting Basics

Reference no: EM133507284

Question 1: The Sarbanes-Oxley Act of 2002 (SOX) is a federal law that established sweeping auditing and financial regulations for public companies. Lawmakers created the legislation to help protect shareholders, employees, and the public from accounting errors and fraudulent financial practices.

Question 2: The Sarbanes-Oxley Act created the Public Company Accounting Oversight Board (PCAOB). Reflect on the major responsibilities of the PCAOB. Discuss how this and other legislation impact auditing practices and companies.

Reference no: EM133507284

Questions Cloud

While assisting allied health professional of your choice : How often would the resource need to be updated? How could you ensure this happens regularly? What could you do to ensure this does not happen?

Explore how introverted personalities perceive and interact : Explore how introverted personalities perceive and interact with the world within their minds.

How much of the casualty loss will be deductible by wilson : How much of the casualty loss will be deductible by Wilson under the following circumstances? Wilson is an individual proprietor and has AGI of $287,500.

Analyze the limitations of the statistical test : Analyze the limitations of the statistical test and/or possible alternative explanations for your results.

Reflect on the major responsibilities of the pcaob : Reflect on the major responsibilities of the PCAOB. Discuss how this and other legislation impact auditing practices and companies.

Population-based intervention : Examine a population that you have encountered in your community OR your practice that is in need of a population-based intervention.

Identify two ways cash is used and two ways management : Take a moment and think about your current or former place of employment. Identify at least two ways cash is used and two ways management can control the amount

Physical assistance required to assist to self medicate : Name level and types of physical assistance required to assist to self medicate.

When you are first retained to audit the financial statement : He states that you may refer to it if necessary, but he wants you to make sure that no employee of the firm sees any of the budget data.

User Account

All Pages