Sarbanes-Oxley compliance requirements have elevated the role and responsibility of audit companies while taking aim at the C-suite with tough new rules that call for increased accountability from top company executives. Corporate disclosure, compliance oversight, controls monitoring, company training, and—the practice of public accounting—all have been impacted by Sarbanes-Oxley. Most companies face a compliance concern related to SARBOX rule 404. That rule requires management to assess the effectiveness of the company's internal controls over financial reporting and include its findings in the company's annual report to shareholders.
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