Archive for Sarbanes Oxley

Section 802 of Sarbanes-Oxley requires public companies and their public accounting firms to maintain all audit or review work papers for a period of five years from the end of the fiscal period in which the audit or review was concluded. This includes electronic records which are created, sent, or received in connection with an audit or review. As external auditors rely to a certain extent on the work of internal audit, it would imply that internal audit records must also comply with Section 802. Read More→

Categories : Sarbanes Oxley
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May
04

Sarbanes Oxley Compliance

Posted by: Ian | Comments (0)

Within the 69 provisions of Sarbanes-Oxley compliance, (aka; SOX compliance Canada), and its hundreds of subparagraphs, there is a new requirement to store or retain documents: “… registered public auditing firms must retain the working papers they use during an audit for 5 years”. A corporation must create and document its internal financial control procedures and keep them freely available for employees and auditors. Corporations must store and retain Read More→

Categories : Sarbanes Oxley
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