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    passed to check fraud and bring reliability to financial reporting.

    The act made it mandatory for companies listed in NYSE to determine financial reporting risks, design

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    Companies listed in the NYSE had to get an internal audit department ready before 31 October making sure the new audit heads could evaluate the scope of their departments work, as well as how to comply with the new Sarbanes Oxley laws. They had to hire new directors and get an audit plan ready due to the provisions made in the Sarbanes Oxley law passed in 2002. The companies had to hire personnel as well as assign the new department a budget, determine how they will document compliances and how much work to assign the audit department. Sarbanes Oxley Act of 2002 has created a revolutionary change in the corporate governance as well as internal control for companies listed in the NYSE. This Act was passed to check fraud and bring reliability to financial reporting.

    The act made it mandatory for companies listed in NYSE to determine financial reporting risks, design

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    as well as how to comply with the new Sarbanes Oxley laws. They had to hire new directors and get an audit plan ready due to the provisions made in the Sarbanes Oxley law passed in 2002. The companies had to hire personnel as well as assign the new department a budget, determine how they will document compliances and how much work to assign the audit department. Sarbanes Oxley Act of 2002 has created a revolutionary change in the corporate governance as well as internal control for companies listed in the NYSE. This Act was passed to check fraud and bring reliability to financial reporting.

    The act made it mandatory for companies listed in NYSE to determine financial reporting risks, design

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    d in 2002. The companies had to hire personnel as well as assign the new department a budget, determine how they will document compliances and how much work to assign the audit department. Sarbanes Oxley Act of 2002 has created a revolutionary change in the corporate governance as well as internal control for companies listed in the NYSE. This Act was passed to check fraud and bring reliability to financial reporting.

    The act made it mandatory for companies listed in NYSE to determine financial reporting risks, design

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    department. Sarbanes Oxley Act of 2002 has created a revolutionary change in the corporate governance as well as internal control for companies listed in the NYSE. This Act was passed to check fraud and bring reliability to financial reporting.

    The act made it mandatory for companies listed in NYSE to determine financial reporting risks, design

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    passed to check fraud and bring reliability to financial reporting.

    The act made it mandatory for companies listed in NYSE to determine financial reporting risks, design ways to manage the risks, fix problems creating such risks, analyze the effectiveness of the control measures taken, re test and re-document anew.

    Sarbanes Oxley Act had a profound impact on the internal auditors, who with their expertise in business process analysis, risk management financial and operational control testing, who were suddenly in great demand and every company seemed to need their services. Thus apart from their normal duties, the auditors found more and more of their time was taken up trying to comply with Sarbanes-Oxley provisions. Companies that correctly and intelligently utilized the expertise of auditors have seen unprecedented success as they provide valuable guidance

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