1 what is an audit and how does it add to the integrity of, Finance Basics

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1 what is an audit and how does it add to the integrity of

1. What is an audit, and how does it add to the integrity of accounting information.

2. Why was the Sarbanes-Oxley legislation passed in 2002, and what are its implications for the accounting profession.

3. What is the Financial Accounting Standards Board (FASB), and what is its role in external financial reporting.

4. What is the Securities and Exchange Commission (SEC), and what is its role in external financial reporting.

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