www.pcaobus.org/news_and_events/ events/2005/speech_text/04-29.asp.
Public Company Accounting Oversight Board The Public Company Accounting Oversight Board (or PCAOB) (sometimes called "Peekaboo") is a private-sector, non-profit corporation created by the Sarbanes-Oxley Act, a 2002 United States federal law, to oversee the auditors of public companies. (PCAOB PCAOB Public Company Accounting Oversight Board ) member Daniel L.
Goelzer said in a recent speech that Sarbanes-Oxley Act See SOX. section 404
compliance costs will fall and benefits rise, especially if certain
principles become better understood in the marketplace
(www.pcaobus.org/news and events/ events/2005/speech text/04-29.asp). He
emphasized that internal control audits require professional judgment
and that auditors AUDITORS, practice. Persons lawfully appointed to examine and digest accounts referred to them, take down the evidence in writing, which may be lawfully offered in relation to such accounts, and prepare materials on which a decree or judgment may be made; and to report the whole, together should advise clients on accounting and control
issues, focus on higher risk areas with potential for material findings,
integrate financial statement and internal control audits and bear in
mind that small companies don't need the same types of controls or
audits as their larger counterparts.
COPYRIGHT 2005 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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