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.
Thank you for your responses!
Connor you made an excellent reference to the how the tax law is always
changing, especially as we are rapidly approaching it right now! If there is
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.
Thank you for your responses!
Connor you made an excellent reference to the how the tax law is always
changing, especially as we are rapidly approaching it right now! If there is
