The Sarbanes-Oxley Act of 2002

Hung Pham
ACC100
Professor Joan Harrison
3/10/2011

Auditing is a professional job that existence of it depends on the virtue of practice in order to serve the interests of the community. There are some idea that have discuss the role of audit professional ethics and the need to establish a mechanism to monitor compliance with ethical standards as well as violations of judicial ethics. Of these, the author continues to discuss the regulations on professional ethics for auditors. The provision on professional ethics for the audit practice is formed by the relationship between professional and social environment. The ethics provisions commonly found in the standards of professional ethics and regulations of the law. Although they both refer to ethics issues, but how to promulgate and content differences. In the U.S., the auditing standards and professional ethical standards by professional organizations audit (AICPA) issued and fully control the quality by professional organizations to undertake. Self-control model derived from the operation causes the independent auditors the United States has flourished, and very soon because the economy is funded by the stock market. The growths of audit activities from the absence of state regulations have led to the formation and development of strong professional organizations. Until the 2000s, a number of financial scandals and accounting outbreak led to the collapse of the leading companies in the world and cause serious effects to the interests of the public, including errors of audit firm. State United States began to intervene in audit activities through the issuance of the Sarbanes-Oxley. Sarbanes-Oxley Act 2002 was approved by Congress on 7/30/2002 in order to improve the quality and transparency of financial reporting, greater accountability of the Board, Board of