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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

Recently, the U.S. federal government and the American Institute of Certified Public Accountants (AICPA) have taken aggressive steps aimed at ensuring the quality of organizational governance. What are these changes, how might they change organizational governance procedures, and do you believe that these actions will really improve internal control of business organizations?

Summary Introduction

To explain: The changes and if it will improve the internal control of business organizations.

Introduction:

Accounting information systems:

It is an information structure which collects and manages data of an organization which can be utilized by analysts, managers, and other decision making authorities of an organization.

Explanation

The changes and if it will improve the internal control of business organizations:

The Sarbanes-Oxley Act (SOX) was passed in the year 2002 to improve the organizational governance. The act prohibits auditors of public establishment carrying out consulting services with audit clients. They establish a PCAOB board to look after the auditing activities. This also requires CEOs and CFOs to sign the financial statements and submitted quarterly to SEC...

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