week 10 questions follow
Students who are unable to attend class are to answer 3 of the 4 questions by replying to the thread before the next class period.
Week 10Questions
1.Sarbanes-Oxley Act of 2002 made a number of common best practices into law as the result of a number of major corporate financial issues in the previous few years including ENRON. What are three major requirements of the act? What is their purpose?
2.Internal Audits are an integral part of a successful internal controls systems. What are three characteristics of an effective internal audit program? What is the purpose behind these characteristics?
3.What is the relationship of Corporate Governance processes and procedures to an organizations Management Control System? How would you use them in combination?
4.Does an Audit Committee perform Audits? If yes, are they considered internal or external?
