Sarbanes-Oxley’s Effects On Internal Controls For Revenue
- Topics:
- Sarbanes Oxley Compliance
- Tags:
- Finance,
- Sarbanes-Oxley,
- Revenue Recognition,
- Revenue,
- Regulatory Compliance,
- Regulations,
- Policies And Procedures,
- Operational Accounting,
- New York State Society Of Certified Public Accountant,
- Internal Control,
- ...
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Overview: From the executive summary: ‘The Sarbanes-Oxley Act addresses perceived weaknesses in internal controls Internal controls refer to the systems a public company employs to collect, process, and disclose financial information to satisfy its statutory reporting requirements. Recent corporate and accounting frauds have demonstrated the inadequacy of internal controls with regard to revenue recognition. The Act also contains requirements aimed at ensuring proper revenue recognition.’ The paper examines the effects of Sarbanes-Oxley Act on internal controls for revenue.
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Format: HTML | Date: Apr 2003 | Pages: 1
