How did the big four firms deal with Sarbanes oxcly act in reference to their consulting...

Question

Question

How did the big four firms deal with Sarbanes oxcly act in reference to their consulting service?

Answer 1

Answer #1

Big 4 firms ensure that below has been adhered to for Sarbanes Oxley Act

Form an audit committee. Company’s audit committee should consist of independent directors who sit on the board and ensure the integrity of your company’s audit process.
Adherance to Section 404 audit
Crediblility in raising capital.
Deal with real data in making decisions.
Communicate about control. When a company experiences a breach of ethics or internal control, it’s important to be able to trace the company communications to see where the breakdown occurred.
Adopt a code of ethics, and mean it. Every company should adopt a simple code of ethics and communicate it to everyone in the organization.

Answer 2

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