SARBANES - OXLEYHO ZÁKON AKO INŠPIRÁCIA PRE VZNIK NOVÝCH, MODERNÝCH A ÚČINNÝCH NORIEM V OBLASTI AUDITU

Abstrakt

The authors processed the issue of the Sarbanes - Oxley Act in a comprehensive and compact study concern of the meaning and the task it has set itself the SOX Act at its inception (when adopting the U.S. Congress - at the signing SOX law by President George W. Bush characterized as “the most consequential reform American business practices since the time of Franklin Delano Roosevelt”) - as standard in audit, whose mission is to improve the financial reporting process and restore investor confidence in the U.S. financial market. The authors highlighted in this contribution specific aspects, which necessitated the adoption of such standards (based on the causes of Enron, WorldCom, Tyco International ) as a necessary solution for multinational and national legal standards absorbing demand and increasing emphasis on quality, clarity, transparency and audit information provided by the user. The aim of the Sarbanes - Oxley Act is within the purview of the above, just to ensure the needs and requirements through the provision PCAOB, issuing new rules regarding auditor independence and the introduction of criminal liability and penalties for destroying records and failure to notify fraud. The intention of SOX Act is to restore investor confidence and protect public interests, as well as enhance the credibility of financial reporting - the basis on which the U.S. capital market is flourishing and makes.