What Role Should External Auditors Play In Compliance?

1.	What Role Should External Auditors Play In Compliance?
Answer» The Public Company Accounting Oversight Board was created through the Sarbanes-Oxley Act to oversee the AUDITORS of public companies. The board RECENTLY approved AUDITING STANDARD No. 2, an audit of internal control over financial REPORTING conducted with an audit of financial statements. The new standard highlights the benefits of strong internal controls over financial reporting and furthers the objectives of Sarbanes-Oxley. The Public Company Accounting Oversight Board was created through the Sarbanes-Oxley Act to oversee the auditors of public companies. The board recently approved Auditing Standard No. 2, an audit of internal control over financial reporting conducted with an audit of financial statements. The new standard highlights the benefits of strong internal controls over financial reporting and furthers the objectives of Sarbanes-Oxley.

Answer»

The Public Company Accounting Oversight Board was created through the Sarbanes-Oxley Act to oversee the AUDITORS of public companies. The board RECENTLY approved AUDITING STANDARD No. 2, an audit of internal control over financial REPORTING conducted with an audit of financial statements. The new standard highlights the benefits of strong internal controls over financial reporting and furthers the objectives of Sarbanes-Oxley.

The Public Company Accounting Oversight Board was created through the Sarbanes-Oxley Act to oversee the auditors of public companies. The board recently approved Auditing Standard No. 2, an audit of internal control over financial reporting conducted with an audit of financial statements. The new standard highlights the benefits of strong internal controls over financial reporting and furthers the objectives of Sarbanes-Oxley.

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