CPA a interview question Get his or her take on the below concept. If your interviewee...

CPA a interview question

Get his or her take on the below concept.

If your interviewee was a practicing accountant before SOX was enacted, has SOX changed the way he or she approaches audits?

Solutions

Expert Solution

The SOX Act sets the deadline for compliance and publishes rules requirements.

To protect the shareholders and the general public for fraudulent practices and accounting errors in the enterprises

and to improve the accuracy of the disclosures made by the corporates.

In the gives case, the interviewee was a practicing accountant before SOX was enacted,

the way audit done is far different than the way it is done after enactment of SOX.

Therefore, the interviewee has to understand all the compliance and the requirements of the SOX. & follow the guidelines made thereunder.

He/She have to check how well the company manages its internal controls.

YES, the approach of doing an audit is changed after enactment of SOX.

ekkarill92 answered 1 year ago

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