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Sarbanes Oxley and the financial and social impacts

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What is the role of a public accounting firm? How has it changed since Sarbanes Oxley became law?

What are the financial and social impacts of unethical behavior?

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This solution is comprised of a detailed explanation to answer what is the role of a public accounting firm, how has it changed since Sarbanes Oxley became law and what are the financial and social impacts of unethical behavior.

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What is the role of a public accounting firm? How has it changed since Sarbanes Oxley became law?
CPAs provide a wide array of information enhancement services referred to as assurance services. Currently, the primary type of assurance services provided by CPAs involves attestation. When performing attestation services, CPAs enhance the reliability of information by issuing an examination, review, or agreed-upon procedures report on subject matter or an assertion that is the responsibility of another party. In the case of financial statement audits, the report most frequently includes an opinion about whether management's ...

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