The Sarbanes-Oxley Act of 2002 placed significant restrictions on the types of consulting that may be performed by auditors for public companies.
Part 1
The Sarbanes-Oxley Act of 2002 placed significant restrictions on the types of consulting that may be performed by auditors for public companies. Address the following in your discussion post:
Briefly explain why these restrictions were put into place.
List four types of services that are prohibited by the act.
List three types of general consulting activities that would impair the auditor’s independence based on the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct.
Write: Make sure your response is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate. You may find the Writing Center’s APA: Citing Within Your Paper (Links to an external site.) resource helpful in citing your sources.
Part 2
Analytical procedures are substantive procedures that may be used to provide evidence about specific accounts and classes of transactions. Address the following in your discussion post:
Explain the different types of analytical procedures.
Describe three major types of comparisons the auditor might make in performing analytical procedures.
At what stages of the audit are analytical procedures performed, and what purpose do they serve at each stage?
Write: Make sure your response addressing the questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate. You may find the Writing Center’s APA: Citing Within Your Paper (Links to an external site.) resource helpful in citing your sources.
Requirements: 400 words
Answer preview to the Sarbanes-Oxley Act of 2002 placed significant restrictions on the types of consulting that may be performed by auditors for public companies.
APA
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