Don’t Be Fooled — UK Audit Reforms Might Be Tougher Than You Think
Audit Board
AUGUST 3, 2022
The 2002 Sarbanes-Oxley Act (SOX) had a major impact on companies traded on US markets by requiring senior managers to attest to the accuracy of financial information and the effectiveness of controls or else face harsh penalties. The Road to Audit Reform: A Timeline. Companies will need to disclose their audit and assurance policy.
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