Asked by Xandrei Lugay on Apr 29, 2024
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The Sarbanes-Oxley Act establishes a new regulatory body to oversee public company auditors, makes auditors more closely connected to their clients, and places direct responsibility for the audit relationship on the auditor himself.
Sarbanes-Oxley Act
A U.S. federal law established to protect investors by improving the accuracy and reliability of corporate disclosures.
Regulatory Body
A regulatory body is an organization established by the government to regulate specific industries, sectors, or practices, ensuring compliance with laws and protecting public interest.
Auditors
Professionals who examine and verify a company's financial records and practices to ensure accuracy and compliance with regulations.
- Comprehend the consequences of the Sarbanes-Oxley Act for the accounting field and regulatory adherence.
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Learning Objectives
- Comprehend the consequences of the Sarbanes-Oxley Act for the accounting field and regulatory adherence.
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