Based on Peach Blossom Cologne Company - Audit Case.
1. What are expectations of the board of directors concerning audit of the corporation's financial statements? What are their tasks with regard to the audit of the financial statements?
2. What are the outlooks of senior management with regard to the audited financial statements? What are their responsibilities as recognized by SOX?
3. What does SOX need of the financial statement auditor?
4. What are role and responsibilities of the internal auditor with regard to SOX and financial statement audit?