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Audit Analytics Trend Reports11 page report
published Dec 09, 2009
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Audit Analytics Trend Reports
Small companies claim that an auditor’s participation in a Sarbanes-Oxley 404 review is too costly. However, many believe that the costs are more than outweighed by the benefits investors and the stock market obtain. Financial restatement rates after a company claimed to have effective internal controls were 46% higher for companies that filed management-only reports as compared to those that filed auditor attestations. When an auditor is involved in the assessment, disclosures are provided to the public more promptly.
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| Source: | Audit Analytics
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| Author: | Audit Analytics Trend Reports
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| Document ID: | 15
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| Free Sample: |
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| Format: | | PDF |  |
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Audit Analytics delivers timely, in-depth audit and compliance research on over 20,000 public companies and 1,500 accounting firms.
