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Establishing, Documenting Assessing and Monitoring Internal Controls: Federal Agencies Are Impacted by Revised Omb Circular a-123
The Public Company Accounting Reform and Investor Protection Act of 2002, commonly referred to by its short title Sarbanes-Oxley Act, is one of the most significant change to federal securities laws in the United States. Enacted in response to a number series of corporate financial scandals, including Enron and WorldCom, Sarbanes-Oxley (SOX) Act resulted in one of the most in-depth examination and evaluation of internal controls by public companies ever undertaken. While SOX does not apply to g...
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