I am revisiting some of the key provisions of the Sarbanes Oxley Act of 2002 so that if anyone needs Section based information on SOX it is available in a simple and lucid manner.

Section 103 of the Sarbanes Oxley Act requires the PCAOB to establish auditing and attestation standards. These standards would be developed by a group of professional accountants with expert level domain knowledge in the area. The escense of creating such standards is that all public accounting firms will be required to follow such standards while issuing and prepering reports.