Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The most significant recommendation was to establish a language of internal control. This recommendation led to the creation of a report in 1992 entitled Internal
The most significant recommendation was to establish a language of internal control. This recommendation led to the creation of a report in 1992 entitled Internal Control an Integrated Framework. This report is often referred to as COSO. The COSO report did not have a significant impact until the passage of Sarbanes Oxley (SOX) in 2002, which required a control criteria for reporting on the internal controls over the financial reporting process
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started