Question and answer
What is the role of internal controls in complying with SOX (2002)?"
The Act requires all financial reports to include an internal control report. [ This is designed to show that not only are the company's financial data accurate, but the company has confidence in them because adequate controls are in place to safeguard financial data. Year-end financial reports must contain an assessment of the effectiveness of the internal controls. The issuer's auditing firm
is required to attest to that assessment. The auditing firm does this after reviewing controls, policies, and procedures during a Section 4040 audit, conducted along with a traditional financial audit. ]
Expert answered|jeifunk|Points 7730|
Question
Asked 11/8/2012 12:08:30 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
23,846,492 questions answered
Weegy Stuff
S
Points 173 [Total 570] Ratings 0 Comments 173 Invitations 0 Offline
S
P
P
Points 142 [Total 949] Ratings 0 Comments 142 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
Points 106 [Total 11279] Ratings 0 Comments 106 Invitations 0 Offline
S
L
P
Points 46 [Total 2114] Ratings 0 Comments 46 Invitations 0 Offline
S
Points 10 [Total 20] Ratings 0 Comments 10 Invitations 0 Offline
S
Points 4 [Total 904] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 4 [Total 4] Ratings 0 Comments 4 Invitations 0 Offline
S
R
Points 2 [Total 438] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)