Conduct research to determine the impact of the Sarbanes-Oxley Act (SOX), Generally Accepted Accounting
Principles (GAAP), Generally Accepted Auditing Standards (GAAS), and the International Financial Reporting
Standards (IFRS) on the accounting profession and decision-making of publicly traded companies.
In discussing the Sarbanes-Oxley Act (SOX), explain the following:
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The purpose of SOX.
Describe SOX Titles I–VI. Use this Web site as a good reference.
Explain specifically why external auditors are no longer permitted to do significant consulting for a
firm that it is auditing.
Describe why most companies expect significant added costs to their firm as a result of SOX
compliance.
Sources used for this project should be largely comprised of the following:
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Scholarly and peer-reviewed professional journals.
Authoritative accounting pronouncements and standards published by the Financial Accounting
Standards Board (FASB), the International Accounting Standards Board (IASB),the Public Company
Accounting Oversight Board (PCAOB), the American Institute of Certified Public Accountants
(AICPA), and the Securities and Exchange Commission (SEC).
Public laws passed by Congress.
Prepare a 10-12 page research paper (excluding title page, abstract, references page, and appendices) in APA
format that presents your findings. In addition, the paper should also discuss the following:
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Active GAAP and IFRS Convergence projects of the FASB and IASB.
Potential impact on business and the accounting profession of changes in accounting standards or
securities laws.
A minimum of six (6) peer-reviewed academic or professional references must be used in development of this
paper.
Reference
Grill, B. (2013). The Sarbanes-Oxley Act: An introduction. Retrieved from the Gaebler.com Web site:
http://www.gaebler.com/The-Sarbanes-Oxley-Act-An-Introduction.htm

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