Sarbanes-Oxley

Ethical standards in accounting encompass the moral principles and rules that accountants are required to adhere to during their professional work.

These audits are essential to ensure that integration processes are executed correctly, risks are identified and mitigated, and controls are in place to safeguard the organization's assets and financial reporting.

Despite over two decades of experience, complying with the Sarbanes-Oxley Act of 2002 doesn't seem to be getting any easier for audit and finance leaders.

Companies that went public before the slowdown in the IPO and SPAC markets have been having trouble complying with Sarbanes-Oxley requirements.

The board increased its enforcement activity significantly in 2022 and levied record-setting penalties.

The Institute of Internal Auditors sent a letter to lawmakers urging them to set new requirements for crypto exchanges in the U.S.

Private companies looking to go public will need to be ready to prepare periodic financial reports, demonstrate effective internal control over financial reporting and manage investor relations

They've also tripled since the passage of Sarbanes-Oxley in 2022, according to a recent report.

EY Americas vice chair John King discusses the impact and history of one of the most influential pieces of financial legislation of the past 50 years. 

Companies can get a "reasonable" level of assurance on their internal controls.