In the United States, What Have Been the Major Impacts

question 51

Essay

In the United States, what have been the major impacts on companies and auditors of section 404 of the Sarbanes-Oxley Act (2002)? Has this section improved the quality of companies' internal controls?

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Definitions:

Knowledge-Workers

Employees whose main capital is knowledge, typically performing tasks that require cognitive skills, such as developing new ideas, analyzing information, and solving complex problems.

Self-Organizing

A process where a system spontaneously organizes itself without being guided or managed by an external authority, often leading to new, emergent structures or behaviors.

Kaizen

A Japanese business philosophy of continuous improvement of working practices and personal efficiency.

Postmodern Organizations

Organizations characterized by a decentralized, flexible arrangement of activities that operate in the rapidly changing, complex environments of the postmodern era.