Assignment: PARTICIPATION QUESTIONS
1. What are the risks and liability factors in an audit?
2. What are the implications to the auditors?
3. What are the implications to the organizations?
4. How can the auditor mitigate these risks and liability factors?
5. What is Section 404 of SOX and its impact?
6. What is the Sarbanes-Oxley Act?
7. How does act affect the audits for the accounting firm and for the organization?
8. Has the Sarbanes-Oxley Act improved the quality of the audit? Explain your response.