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Sarbanes-Oxley News & Developments
SEC OKs Internal-Control Audit StandardThe rule sets up a voluntary audit engagement in which an auditor would opine between quarters on whether a material weakness still exists for a client.
> > Auditing Standard No. 4, which the PCAOB adopted on July 26, 2005, establishes a stand-alone, voluntary engagement in which an auditor would express an opinion on whether the reported material weakness in internal controls over financial reporting under Section 404 of the Sarbanes-Oxley Act still exists.
Source: CFO
Published:2006-02-13
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