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Dealing with audit committees and independent auditors: what will be your new responsibilities?
Author(s) -
Munter Paul
Publication year - 2000
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/(sici)1097-0053(200001/02)11:2<51::aid-jcaf10>3.0.co;2-q
Subject(s) - accounting , business , audit , audit committee , internal audit
The Securities and Exchange Commission (SEC) has not only declared war on "earnings manage‐ment," it is attacking the guilty with gusto. Clearly, the responsibilities of management, audit commit‐tees, and independent auditors have changed. But how will this affect you? To gain a better understanding, the author examines the recent Committee of Sponsoring Organizations of the Treadway Commission (COSO) study on fraud, newly proposed standards, and emerging recom‐mendations for corporate responsibility. © 2000 John Wiley & Sons, Inc.