Sarbanes-Oxley Act Provisions with Implications for Government

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Sarbanes-Oxley Act Provisions with Implications for Government

  • New audit standards and oversight—PCAOB

  • Audit committees with defined responsibilities

  • Specific communications between auditors and audit committees

  • CEO and CFO certification of financial reports

  • Enhanced disclosures of off-balance sheet transactions

  • Code of ethics for senior financial officers

  • Management attestation on the effectiveness of internal control over financial reporting

  • Auditor opinion on the effectiveness of internal control over financial reporting