SOX and internal control(萨班斯法案及内控).doc

在内部控制的章节,我们看到了两个 SOX 法案: Sarbanes-Oxley Act of2002 Section 404 ,Sarbanes-Oxley Act of2002 Section 302 ,他们与内部控制之间是什么关系呢?下面我们讲讲 1 SOX 主要规定 In July 2002, the US government pronounced the Sarbanes-Oxley Act, which included eleven chapters and 68 clauses. Major requirements of SOX Sarbanes-Oxley Act of 2002 Corporate responsibility Corporate responsibility for financial reports (Section 302) Improper influence on conduct of audits pany Accounting Oversight Board (PCAOB) Accounting standards Auditing, quality control, and independence standards and rules Enhanced financial disclosures Enhanced conflict of interest provisions Management assessment of internal controls (Section 404) White-collar crime Attempts and conspiracies mit criminal fraud offenses Criminal penalties for failure to certify financial reports (Section 906) Auditor independence Pre-approval requirements Services outside the scope of practice of auditors Audit partner rotation Sections 302 and 404 emphasize good corporate governance practices through increasing the accuracy and the reliability of information disclosure to meet its reporting obligations CEOs and CFOs have to sign and declare Section 906 emphasizes on criminal penalties 2 Sarbanes-Oxley Act of 2002 required Chief Executive Officers and Chief Financial Officers to sign an agreement upon the management responsibilities imposed by Sections 302 and 404: (1