The Sarbanes-Oxley Act (SOX) has important implications for the financial community. Explain two implications of SOX.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (19 reviews)
One implication of SOX was to clarify top managements responsibility for the compa...View the full answer
Answered By
Gabriela Rosalía Castro
I have worked with very different types of students, from little kids to bussines men and women. I have thaught at universities, schools, but mostly in private sessions for specialized purpuses. Sometimes I tutored kids that needed help with their classes at school, some others were high school or college students that needed to prepare for an exam to study abroud. Currently I'm teaching bussiness English for people in bussiness positions that want to improve their skills, and preparing and ex-student to pass a standarized test to study in the UK.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
The Sarbanes Oxley Act of 2002 (SOX) has important implications for the financial community. Explain two implications of SOX.
-
The Sarbanes Oxley Act requires companies to document their business processes and internal controls. Evaluate how each of the flowcharts presented in the text document system and program may fulfill...
-
The Sarbanes Oxley Act was issued in 2002 in response to the many corporate scandals to help reduce fraud, improve the reliability of financial reporting and restore public confidence in the...
-
The IQ and VIQ are tools insurance producers use to learn more about internal assumptions regarding factors that ultimately control policy performance. They have information in all of the following...
-
Prove that an m n matrix A has rank 1 if and only if A can be written as the outer product uvT of a vector u in Rm and v in Rn.
-
Firms in Japan often employ both high operating and financial leverage because of the use of modern technology and close borrowerlender relationships. Assume the Mitaka Company has a sales volume of...
-
Identify and discuss the alternative courses of action for an auditor when his sample results indicate that a control cannot be relied upon.
-
Southern Oil Company produces two grades of gasoline: regular and premium. The profit contributions are $0.30 per gallon for regular gasoline and $0.50 per gallon for premium gasoline. Each gallon of...
-
A machine costing $207,800 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce...
-
1. Physics is a field of study that governs (a) How the planets orbit the sun. (b) The rate at which blood flows through a persons veins. (c) How quickly a helium balloon will rise into the air. (d)...
-
Assume the same information for Ling Company as in IFRS13-1. Prepare the income statement using the two-statement approach.
-
Degelman Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2014, Job No. 50 was the only job in process. The costs incurred...
-
As a space shuttle moves through the dilute ionized gas of Earth's ionosphere, the shuttle's potential is typically changed by 1.0V during one revolution. Assuming the shuttle is a sphere of radius...
-
You are a salesperson working in the paint department at a Canadian Tire store. A customer has just purchased 75 litres of house paint. Assume that your store carries everything in the painting line...
-
Joseph Pitt Hyde opened the first Auto Shack auto parts store in 1979 in Forrest City, Arkansas. Having served on the board of directors at Wal-Mart for 7 years, Hyde built on the big boxs business...
-
For the gasoline data, replicate the Hausman test results given in example 2 of Sect.4.3.
-
Oladele just couldnt take it anymore. She got up from her cubicle and put on her coat. Where are you off to? asked her coworker Wei. I just need to get away from here for a few minutes, replied...
-
Prior to the interview, T. J. McKee the Sales Manager requests a personal resume. Your current average grade in your program is 68, but it will very likely increase to 70 or higher at the end of the...
-
In Problem for each matrix game that is strictly determined (if it is not strictly determined, say so) (A) Locate the saddle values. (B) Find optimal strategies for R and C. (C) Find the value of the...
-
Three successive resonance frequencies in an organ pipe are 1310, 1834, and 2358 Hz. (a) Is the pipe closed at one end or open at both ends? (b) What is the fundamental frequency? (c) What is the...
-
Which of the following entities is required to apply the accounting requirements of the Companies Act? (a) Partnership (b) Sole trader (c) Limited company (d) A museum owned by a local government...
-
Jeff Hiller, a fellow student, contends that the double entry system means each transaction must be recorded twice. Is Jeff correct? Explain.
-
The account number is entered as the last step in posting the amounts from the journal to the ledger. What is the advantage of this step?
-
The account number is entered as the last step in posting the amounts from the journal to the ledger. What is the advantage of this step?
-
A production department reports the following conversion costs. Equivalent units of production for conversion total 436,000 units this period. Calculate the cost per equivalent unit of production for...
-
If you were asked whether a large university such as Tennessee or Michigan with a large seating capacity for their football stadiums should build a new football stadium, how would you respond and...
-
J is going to receive a 30-year annuity of 8,500 and L is going to receive perpetuity of 8,500. If the appropriate interest rate is 6%, how much more is L's cash flow worth?
Study smarter with the SolutionInn App