ACC 622 Topic 7 DQ 1
Explain one way the external auditor's responsibilities regarding a public
company's system of internal controls have changed since SAS 78 became
effective in the late 1990s. Were these changes necessary? Do you believe
the changes have been effective at reducing risk for the company and the
users of the financial statements? Explain your rationale. In your response,
do not use the same reasoning that has already been posted by a classmate.
Explain one way the external auditor's responsibilities regarding a public
company's system of internal controls have changed since SAS 78 became
effective in the late 1990s. Were these changes necessary? Do you believe
the changes have been effective at reducing risk for the company and the
users of the financial statements? Explain your rationale. In your response,
do not use the same reasoning that has already been posted by a classmate.
