文档介绍：外文翻译
原文
Audits of Internal Control
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Author: Jack W. Paul
MAY 2005 - The Sarbanes-Oxley Act of 2002 requires public accounting firms that audit panies to register with the pany Accounting Oversight Board PCAOB and to adhere to professional standards established by the board for audits of panies. The PCAOB’s pronouncement, Auditing Standard 2, An Audit of Internal Control over Financial Reporting Performed in Conjunction with an Audit of Financial Statements, requires auditors to issue an opinion on the effectiveness of their pany clients’ internal control On June 5, 2003, the SEC issued Release 33-8238 to implement section 404a of the Sarbanes-Oxley Act SOA, which requires management to include in the annual report to shareholders its assessment of the effectiveness of internal control. pany’s external auditors must attest to and report on management’s assessment for fiscal years beginning on or after January 15, 2006, for accelerated filers, and on or after July 15, 2006, for no accelerated filers. Standard 2 imposes many new responsibilities on panies’ auditors and, by extension, on the panies themselves. In it over 200 pages, Standard 2 delineates the PCAOB’s expectations for an internal control audit Auditor’s responsibilities. Standard 2 requires the auditor to do the following:
Understand and evaluate management’s process for ass