Event Title
SOX and the Regulation of the Accounting Industry
Start Date
19-10-2007 8:30 AM
End Date
19-10-2007 10:30 AM
Description
A significant portion of SOX focuses on ensuring better financial disclosure by enhancing the regulation of outside auditors and the accounting process. For example, the Act not only created the Public Company Accounting Oversight Board ("PCAOB") to oversee public auditors, but also required that public companies implement a system to evaluate the effectiveness of their internal controls as they relate to financial reporting. This panel explores the impact of SOX on financial accounting and the accounting industry. It also examines lessons learned from implementing SOX's various accounting provisions and how those lessons should shape the application of SOX in the future.
SOX and the Regulation of the Accounting Industry
A significant portion of SOX focuses on ensuring better financial disclosure by enhancing the regulation of outside auditors and the accounting process. For example, the Act not only created the Public Company Accounting Oversight Board ("PCAOB") to oversee public auditors, but also required that public companies implement a system to evaluate the effectiveness of their internal controls as they relate to financial reporting. This panel explores the impact of SOX on financial accounting and the accounting industry. It also examines lessons learned from implementing SOX's various accounting provisions and how those lessons should shape the application of SOX in the future.