Importantly, opinion level of reporting on internal controls over financial reporting will be required by the Sarbanes-Oxley accounting reform legislation that was passed in July 2002.
The Sarbanes-Oxley accounting reform law was enacted in 2002.
Based on the responses from our initial requests for information from the countries and organizations and our Internet search results, we selected three countries (Australia, New Zealand, and the United Kingdom) as possible study participants.