Ac465 unit3
Forensic accountants must ensure that their activities comply with the laws and regulations of the legal, regulatory, and professional environment. In this assignment, you will examine two components of the forensic accountant’s regulatory system: SAS No. 99 and the Sarbanes-Oxley Act of 2002.
In a 2-3 page informative essay, address the following:
Discuss the eight-step fraud risk assessment process presented in SAS No. 99 and explain how performing a risk assessment will help to prevent or detect fraud.
What is required by Section 404 of the Sarbanes-Oxley Act? How could this new requirement prevent or detect fraud?