27) What is the purpose of the PCAOB and why was it established? 28) What are some of the new responsibilities of management required by the Sarbanes-Oxley Act of 2002? 29) What are some of...

27) What is the purpose of the PCAOB and why was it established?

28) What are some of the new responsibilities of management required by the Sarbanes-Oxley Act of 2002?

29) What are some of the new responsibilities of the board of directors required by the

Sarbanes-Oxley Act of 2002?

30) What are some of the new responsibilities of the external auditors required by the Sarbanes-Oxley Act of 2002?

31) Match each group with its new responsibilities required by the SOX Act. Each item is to be used only once.

a.management

b.board of directors

c.external auditors

d.PCAOB

_____1.must oversee the auditing profession

_____2.must establish an audit committee

_____3.must establish an avenue for reporting fraudulent activities anonymously

_____4.must maintain independence and assess the company's internal control system