Assignment
Write a five to seven page paper in which you:
1. Assess the sections of SOX, indicating the sections that you believe have the most impact on companies. Provide support for your rationale.
2. Assess the sections of SOX, indicating those sections that have the greatest impact on the external auditor. Provide support for your rationale.
3. Evaluate the external auditors' response options requesting the external auditor to limit testing and the scope of an audit engagement by giving consideration to the ethical requirements and the auditor's responsibility imposed by the Public Company Accounting Oversight Board (PCAOB). Recommend that based option providing a justification for your recommendation.
4. Evaluate the cost / benefit ratio for most companies required to comply with SOX. Indicate whether the benefits are equivalent to the cost for minimizing the risk of accounting fraud. Provide support for your analysis.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.