Accounting Information Systems

wherefore was the Sarbanes Oxley actuate of 2002 (SOX) and the universal social club be raise up dialog box (PCAOB) established? Which Technology better(p) facilitates entry with the requirements of these bodies? Michael Williams freedom University Online ACCT 531-B03 Abstract Why was the Sarbanes Oxley Act of 2002 (SOX) and the Public Company Accounting precaution Board (PCAOB) established? This research paper seeks to furnish answers to this unbelief and to focus on the use of the Technology that best facilitates compliancy with the requirements of these bodies. The Sarbanes-Oxley Act was passed by Congress in 2002 and named afterward Senator capital of Minnesota Sarbanes and Representative Michael Oxley, who were its main architects. Its general intend was to ensure secure, light and accurate financial disclosure by corporations. It also grade a number of deadlines for residency. To assist in implementation and forethought of SOX, the act also rea lized the Public Company Accounting lapsing Board (PCAOB). The role of PCAOB is to oversee and look at tenders as they appraise a companys compliance with SOX. One picture of this guidance is the creation of Proposed Auditing Standards7 that provides more elaborated guidance for assessing compliance with the intent of SOX.

The board is independent of the auditing constancy and answerable to the Securities and flip Commission (SEC). The board can create rules to ensure auditor independence from clients and proper conduct of audits in general. Under Sarbanes-Oxley, an attorney (in-house or outside counsel) wh o discovers company erroneous belief must ! allege the chief executive officer, then the board. If the difficulty remains unaddressed, the attorney must resign from representing the company. Keywords: AIS, IS, Internal Controls, PCAOB, SOX, Why was the Sarbanes Oxley Act of 2002 (SOX) and the Public Company Accounting Oversight Board (PCAOB) established? The Sarbanes Oxley Act of 2002 History On July 30, 2002, the Sarbanes-Oxley Act of 2002 was...If you postulate to get a full essay, order it on our website: BestEssayCheap.com

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