SARBANES-OXLEY
1- Sarbanes-Oxley was an act that was passed by U.S Congress in 2002 in order to protect investors from fraud. The Sarbanes-Oxley takes its name after the U.S senators Paul Sarbanes and U.S representative Michael G. Oxley.
2- The establishment of the Public Accounting Oversight Board was the result of this act. The PAOB would have its own auditors and according to this act the auditors will work in accordance with well-defined processes and procedures.
3- It also provided external audit independence so that the conflict of interest could be minimized. It is also made clear that what should be the requirements for new auditor approval.
4- It is the responsibility of the executives of the company to depict the true image of
1- Sarbanes-Oxley was an act that was passed by U.S Congress in 2002 in order to protect investors from fraud. The Sarbanes-Oxley takes its name after the U.S senators Paul Sarbanes and U.S representative Michael G. Oxley.
2- The establishment of the Public Accounting Oversight Board was the result of this act. The PAOB would have its own auditors and according to this act the auditors will work in accordance with well-defined processes and procedures.
3- It also provided external audit independence so that the conflict of interest could be minimized. It is also made clear that what should be the requirements for new auditor approval.
4- It is the responsibility of the executives of the company to depict the true image of