What was the purpose of the sarbanes-oxley act

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Question: 1. (a) Why did Congress pass the Sarbanes-Oxley Act of 2002?

(b) What was the purpose of the Sarbanes-Oxley Act of 2002?

2. (a) Name and describe the five elements of internal control.

(b) Is any one element of internal control more important than another?

3. How does a policy of rotating clerical employees from job to job aid in strengthening the control procedures within the control environment? Explain.

4. Why should the responsibility for a sequence of related operations be divided among different persons? Explain.

Reference no: EM131527624

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