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Internal Audit Handbook pp 565–594Cite as

Services Provided by Internal Audit Relating to the Sarbanes-Oxley Act

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Abstract

• SOX was passed by the United States Congress in 2002 with an aim to protect investors and restore the public’s confidence in the capital markets.

• Among the many provisions of SOX, sections 302 and 404 of SOX are of particular importance to internal auditors.

• SOX section 302 makes management, particularly the CEO and the CFO, responsible for the compliance of the company’s financial reports.

• To meet these obligations, SOX section 404 requires management to provide evidence that all core business processes relevant to the financial reports, including the internal controls, are documented and effective.

• In addition, SOX has created the Public Company Accounting Oversight Board, or PCAOB.

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References

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Editor information

Editors and Affiliations

  1. SAP AG, Dietmar-Hopp-Allee 16, 69190, Walldorf, Germany

    Henning Kagermann

  2. McCombs School of Business, University of Texas at Austin, 1 University Station B6400, 78712, Austin, Texas , USA

    William Kinney

  3. Institut für Wirtschaftsprüfung, Universität des Saarlandes, Campus, 66123, Saarbrücken, Germany

    Karlheinz Küting  & Claus-Peter Weber  & 

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© 2008 Springer-Verlag Berlin Heidelberg

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(2008). Services Provided by Internal Audit Relating to the Sarbanes-Oxley Act. In: Kagermann, H., Kinney, W., Küting, K., Weber, CP. (eds) Internal Audit Handbook. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-70887-2_38

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