The hereby paper aims at presenting the issues related to the Sarbanes-Oxley Act, act which was adopted in the summer of 2002. This US federal law is based on a controversial history when large companies have been accused of fraud. The advent of this Act has had a significant impact on publicly traded companies on the New York Stock Exchange and has influenced their internal controls. This paper aims at analyzing the main elements required for the adoption of the Sarbanes-Oxley Act, which was the impact and how this internal control helps companies to develop. This paper will present studies related to the costs required to implement a control as well as the research on the needs of companies concerning the complexity of controls. We can summarize the concept of internal audit by the fact that the activity is appropriate to a procedure of monitoring the efficiency of an economic activity, useful especially for the management, a method that helps having control over the business and monitoring its development. At the same time, by keeping track of internal controls, the audition may have the effect of reducing the risk of fraud and non-compliance with the financial rules of the audited company. The effect of an audit is rendered by its utility, low risk of fraud and control.
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