ACC 491 Week 1 Team Discussion Question

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ACC 491 Entire Course Link
https://uopcourses.com/category/acc-491/
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ACC 491 Week 1 Team
Discussion Question

Sarbanes Oxley

The
Sarbanes-Oxley Act of 2002 has been described as the most far-reaching
legislation affecting business since the passage of the 1933 Securities Act.
What are the specific portions of the legislation that affect the external
audit profession, and how do they affect the profession? How does the
legislation affect the internal audit profession? What are some activities that
are implied in the legislation, as well as activities that will likely emerge
as companies implement various provisions of the act? Do you believe the
legislation enhances the power and prestige of the audit profession, or
alternatively, does it decrease both the power and prestige of the profession?
Explain.
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