Big4Guy

Confessions, Thoughts, Observations and Musings of a Big4Guy

Big4Guy

Welcome to Big4Guy.com. Big4Guy is an online resource where I will share with you the latest news, insights, knowledge and some experiences as a Big 4 consultant. We will discuss some of the important issues which organisations are facing today in the areas of information security, security and controls in SAP R/3, Oracle Applications, J.D.Edwards, Peoplesoft and various other ERP's. You will also find information on latest complaince regulations like Sarbanes Oxley, Basel II and so on. Big4guy will also attempt to provide valuable resources for individuals interested in examinations the CISA, CISM, CISSP, PMP and various other security certifications considered essential for entry in any Big 4 accounting, auditing and consulting firms. You are invited to post your comments and viewpoints to posts here. I sincerely hope this online journal will be useful to everyone from a budding student to a professional in the accounting, auditing, management and consultancy professions.

Post details: Section 103 of Sarbanes Oxley Act - Auditing, Quality Control, Independence Standards and Rules

11/16/05

07:58:50 am, Categories: Sarbanes Oxley, 91 words

Section 103 of Sarbanes Oxley Act - Auditing, Quality Control, Independence Standards and Rules

I am revisiting some of the key provisions of the Sarbanes Oxley Act of 2002 so that if anyone needs Section based information on SOX it is available in a simple and lucid manner.

Section 103 of the Sarbanes Oxley Act requires the PCAOB to establish auditing and attestation standards. These standards would be developed by a group of professional accountants with expert level domain knowledge in the area. The escense of creating such standards is that all public accounting firms will be required to follow such standards while issuing and prepering reports.