Audit Laporan Keuangan Pasca Sarbanes Oxley Act: Suatu Tinjauan Literatur
Abstract
The Sarbanes-Oxley Act was signed into law on July 30, 2002 by President Bush. The Act is considered as the most significant change to federal securities laws in the United States since the New Deal. The Act is also designed to review legislative audit requirements in order to protect investors which consequently could assist in improving the accuracy and reliability of corporate disclosures that encompasses issues such as establishing a public company accounting oversight board, corporate responsibility, auditor, independence, and enhanced financial disclosure. The Sarbanes-Oxley Act supports the internal control development. According to the act, internal controls must be reviewed and reported in the annual report. Finally, as indicated by Sarbanes-Oxley, this evolution of the internal control process has been reactive in nature and has brought some changes to some aspects of financial audit through external auditor.
References
Elder, Beasley and Arens; 2008; Auditing and Assurance Srvices, An Integrated Aproach, 12 ed,
Ellen Engel, Rachel M. Hayes, and Xue Wang; May 6, 2004; The Sarbanes-Oxley Act and Firms' Going-Private Decisions
Fredriksson, Antti and Lindahl ,Frederick ;2008; Did Auditors Need Reforming? The Need for SOX
Gopal V. Krishnan, Gnanakumar Visvanathan; October 2005, Reporting Internal Control Deficiencies in the Post-Sarbanes Oxley Era: the Role of Auditors and Corporate Governance
Hollis Ashbaugh-Skaife., Daniel W. Collins,. William R. Kinney, Jr.,Ryan LaFond;June 10, 2008; The Effect of SOX Internal Control Deficiencies on Firm Risk and Cost of Equity
Jan R. Heier, Michael T. Dugan and David L. Sayers; 2003, Sarbanes-Oxley and the Culmination of Internal Control Development: A Study of Reactive Evolution
Boynton, Johnson and Kell, 2000, Modern Auditing, 7ed, John Wiley and Sons, Inc.
Mooeller, R R, 2005, Brink’s Modern Internal Auditing, John Wiley and Sons, Inc, USA New Jersey, Pearson Prentice Hall
Stephen Bryan and Steven Lilien, 2006, Characteristics of Firms with Material Weaknesses inInternal Control: An Assessment of Section 404 of Sarbanes Oxley
Van Lent, L. 1999: The Economics of an Audit Firm: The Benefits of Partnership
Governance, in: British Accounting Review, Vol. 31, p. 225-254.
