Chapter 16, Problem 8DQ

Summary Introduction

To explain: The overall significance of the Sarbanes-Oxley act to financial reporting.

Introduction:

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.