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Please answer each DQ in at least 200 words each. Thanks
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DQ1
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What are the risks and liability factors in an audit? What are the implications to the auditor and to the organization? How can the auditor mitigate these risks and liability factors?
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DQ2
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What is the Sarbanes-Oxley Act (SOX)? How does SOX impact the audits for the accounting firm and for the organization? Do you think SOX improved the quality of the audit? Why or why not?
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