This authoritative service includes analysis, explanations, sample client letters and interoffice memoranda, checklists and tables to help you understand exactly how the Sarbanes-Oxley Act and the related SEC and PCAOB rules and regulations affect you and your company or firm.

You’ll get detailed explanations of:

• financial certifications (under Sections 302 and 906) required of CEOs and CFOs;
• analysis of the important internal control reporting requirements under Section 404;
• responsibilities and powers conferred upon corporate audit committees;
• consulting and other “non-audit” services that auditors are barred from performing;
• tax services under Sarbanes-Oxley;
• audit partner rotation requirements; and
• restrictions on accountants going to work for their public company clients.

Recent updates discuss:

• PCAOB Auditing Standard 16, Communications with Audit Committees;
• PCAOB Release 2012-003, Information for Audit Committees about the PCAOB Inspection Process;
• PCAOB Release No. 2012-005, Report on the Progress of the Interim Inspection Program Related to Audits of Brokers and Dealers;
• the JOBS Act;
• the Dodd-Frank Act;
• PCAOB standards related to the auditor’s assessment of and response to risk;
• the major provisions of SEC Rules 21F-1 through 21F-17 of the Exchange Act, which implement the requirements of Dodd-Frank’s whistleblower/bounty system;
• two major SEC studies—one on the costs and benefits of Section 404 and the other on whether to exempt mid-size issuers from the Section 404(b) audit requirement;
• the impact of Sarbanes-Oxley from two points of view: its impact on public companies and its impact on investors; and
• the use of internal control as a tool to enhance top management’s ability to guide and control a large public company.