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The Sarbanes-Oxley Act of 2002 (SOX) implemented auditor independence requirements in response to financial statement frauds prior to 2002. Required: (16 points) A) Describe two
The Sarbanes-Oxley Act of 2002 (SOX) implemented auditor independence requirements in response to financial statement frauds prior to 2002. Required: (16 points)
A) Describe two key requirements that the SOX mandated to protect auditor independence and ensure that audit firms meet their public reporting responsibilities.
B) How effective do you believe these requirements could be? Explain your position.
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