Sarbanes Oxley Act, GAAP and IFRS

Overview of the Sarbanes-Oxley Act and its impact on GAAP and IFRS compliance.

Claire Mitchell

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SARBANES OXLEY ACT, GAAP and IFRSSarbanes Oxley Act, GAAP and IFRSName of the studentCourse NameUniversity NameDateDiscuss the impact of the Sarbanes-Oxley Act (SOX) on corporate governance and financialreporting practices in the United States, focusing on its influence on materiality, internalcontrols, and auditor responsibilities. Additionally, compare the key differences betweenGenerally Accepted Accounting Principles (GAAP) and International Financial ReportingStandards (IFRS) with respect to public company financial reporting. Analyze how theimplementation of these frameworks has affected the accuracy and reliability of financialstatements. Provide real-world examples to support your arguments."Word Count Requirement:2000-2500 words.

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