What was done by sox and reference the sox act section

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Reference no: EM133349469

Question: The Frontline story told of a squeeze on Auditing Fees in the late 1990s, the growth of consulting services, and the possible impairment on Auditor Independence. Describe the consequences of this environment as described in the story. Be certain to discuss the new business model of the CPA firms (consulting). Some say the audit was relegated to a commodity at that time. What do you think they meant by this? Was this problem resolved by Sarbanes-Oxley (SOX)? Cite and describe what was done by SOX and reference the SOX Act section.

Reference no: EM133349469

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