Expenses have increased because new strategies and methods have been developed, to remain in compliance during audit procedures. The act created law in which the standards were created, and everyone was upheld to that same standard. Creating standards helped to save an industry that was suffering terribly. In addition to creating laws and holding everyone to the same standard, the act also helped to strengthen committees, and those committees often have huge leverage over management accounting decisions. As stated before, the act impacted management in a huge way due to expense. However, the extensive internal controls and reports help management, and lead to more success in the business
Expenses have increased because new strategies and methods have been developed, to remain in compliance during audit procedures. The act created law in which the standards were created, and everyone was upheld to that same standard. Creating standards helped to save an industry that was suffering terribly. In addition to creating laws and holding everyone to the same standard, the act also helped to strengthen committees, and those committees often have huge leverage over management accounting decisions. As stated before, the act impacted management in a huge way due to expense. However, the extensive internal controls and reports help management, and lead to more success in the business