1. Enron and the Sarbanes Oxley Act
... ). SOX enforced that auditors can't perform certain non-audit services for the came client they audit, and these new standards required independent auditors to report directly to the audit committee of a company and no longer report or deal directly with the management of companies (Buckstein.) SOX also required that the independent auditors report to the audit committee any misconduct or falsified data they find and if ... the committee or management doesn't properly report the misconduct, the auditor is obligated by law to inform the SEC and resign as that company ... ...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate