Menu
Sox audit
Can any one tell me what is sox audit?
Replies (2)
'SOX' is an acronym for the 2002 Sarbannes-Oxley Act which requires independent audits of publicly traded firms, as opposed to the previously internally conducted audits which were 'performed' by 'auditors' who also held management consulting positions within the company. This led to an extreme conflict of interest. The internal 'auditors', who were collecting double paychecks, essentially 'looked the other way' and allowed SERIOUS misrepresentations to be entered on the books of companies.
For more details about SOX Audit please go through following link:
/experts/what-is-sox-audit--46341.asp#.US3x56JTBZ0
Recent Topics :
- Section 56(2)(x)(xi) applicability to compensation
- How to claim exempt income u/s 10(26) in ITR-1 of
- 63053900 tax rate
- Clubbing of deceased's income
- Which ITR to use
- Sovereign gold bond capital gain
- In TDS section no column for relationship in itr
- Query related to agricultural income of Trust
- Full & Final Settlement — what changed u
- Capital gains or losses when new equity was issued
Related Topics :
CAclubindia
