Ethics generally means the science of conduct or morality. Ethics are a blend of customs and cultures followed by people and are important in all kind of work we do, be it business or profession.Equally it applies even to our profession and we cannot
A gap between the auditor's actual standard of performance and the public expectations of auditor's performance."Blessed is the man who expects nothing, for he shall never be disappointed" is one of the famous quotes by Alexander Pope what we had bee
--Concept, emergence and prolongation of tax audit.The year 2007 marks the completion of 22 years of Tax Audit"It's not enough that we do our best; sometimes we have to do what's required", a quot
The Sarbanes-Oxley Act of 2002 (SOA or SOX) "The Act does not differentiate between U.S. and Non U.S. companies in its application."What is Sarbanes Oxley Act of 2002?Legislation passed by the US Congress providing new corporate governance rules, re
By Turksema, Rudi van der Knaap, PeterAll performance auditors share the same goal: to auditthe most relevant problems using the right people andthe most appropriate methods and techniques at theright moment and to use the audit findings to make amea
"The skill of an accountant can always be ascertained by an inspection of his working papers." Robert H. Montgomery, Montgomery's Auditing, 1912. During the performance of an audit, it is obvious that the auditor may have come across issues which we
Big Four Audit Firms Feel the Effects of Post SOX Inroads As Audit Fees SkyrocketThe Corporate Library today has released summary findings from its seminal study of the changes in the audit industry post Sarbanes-Oxley. In-depth analysis and data und
Case study on IS Audit You are chartered accountant in practice who has recently passed the ISA Exam. Your firm has received an inquiry from a Public Sector Bank for submitting a proposal for IS Audit. Key highlights of the inquiry are:Software Packa
The Do's and Don'ts of Working with Auditors by Carol WoodburySOX, PCI, ISO.. You're going to have to work with auditors eventually. Whether you're working with an auditor who's performing an internal \nor external Sarbanes-Oxley (SOX) audit, a Paymen
Summary of SOXThe Act has 11 Titles.SECTION 1. SHORT TITLE; TABLE OF CONTENTS.(a) SHORT TITLE.-This Act may be cited as the ''Sarbanes-Oxley Act of 2002''. (b) TABLE OF CONTENTS.-The table of contents for this Act is as follows: Sec. 1. Short title;
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