At a family gathering, your grandmother comes to you and asks you, since you have taken many
Question:
At a family gathering, your grandmother comes to you and asks you, since you have taken many business classes, to explain the Sarbanes-Oxley Act of 2002 (SOX). She has heard about SOX on television and the internet but does not really understand it. Explain to your grandmother the reason for SOX, some of the specific requirements of SOX, and why it is important in Canada.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
The SarbanesOxley Act of 2002 better known as SOX was the direct result of corporate accounting scan...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
The Sarbanes- Oxley Act of 2002 prohibits public accounting firms from providing which of the following services to an audit client? a. Bookkeeping services. b. Internal auditing services. c....
-
The Sarbanes Oxley Act of 2002 (SOX) has important implications for the financial community. Explain two implications of SOX.
-
The Sarbanes- Oxley Act of 2002 generally prohibits public accounting firms from a. Acting in a managerial decision- making role for an audit client. b. Auditing the firms own work on an audit...
-
If you sign up for a savings account with an annual interest rate of 12% (1% per month) that you will receive 4 million won in 2 years, what is the monthly amount you have to pay? However, suppose...
-
What is an FDI cluster? Why are certain countries such as Mexico and Venezuela more likely to be in the United States cluster than in the EU cluster?
-
COVID-19. The New York Times and the JHU CSSE COVID-19 report the latest worldwide coronavirus statistics by location. On March 16, 2021, it was reported that the United States, Brazil, and India had...
-
12. Certain agencies often categorize company shares as growth stocks or value stocks. What is the difference between growth and value stocks? Why are these labels misleading?
-
The 20 brain volumes (cm3) from Data Set 8 "IQ and Brain Size" in Appendix B have a mean of 1126.0 cm3 and a standard deviation of 124.9 cm3. Use the range rule of thumb to identify the limits...
-
please help Use the following information to answer questions 16-20 You are considering purchasing a small office building for $1,850,000 Your expectations include: First-year gross potential income...
-
Use the following adjusted trial balance of Hanson Trucking Company to prepare a classified balance sheet as of December 31, 2020. Account Title Debit Credit $ 13,000 Cash. ..... Accounts receivable...
-
Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all. a. ________________ is a language that utilizes a...
-
Snow Wonderful manufactures snowboards. John Gallagher, the CEO, is trying to decide whether to adopt a lean production model. He expects that in present-value terms, adopting lean production would...
-
Consider the glider of Example 7.7 and Fig. 7.16. As in the example, the glider is released from rest with the spring stretched 0.100 m. What is the displacement x of the glider from its equilibrium...
-
Describe in your own words how you would expect the data points on a scatterplot to be distributed if the following features were present (i.e. for each part, explain how the feature would look on a...
-
imagine this experimental setup: One temperature probe is in embedded in a small block of frozen sugar water at -20. The frozen sugar water is in a small test tube The melting/freezing point of this...
-
Question 2: (40 points: 10 each) During September, Sweet Foods manufactures a single product. The Company's material purchases amounted to 9,000 pounds at a price of $9.80 per pound. Actual costs...
-
E12-23 (Algo) (Supplement 12B) Preparing a Statement of Cash Flows, Indirect Method: T-Account Approach [LO 12-S2] Golf Goods Incorporated is a regional and online golf equipment retailer. The...
-
A symmetric compound channel in over bank flow has a main channel with a bottom width of 30 m, side slopes of 1:1, and a flow depth of 3m. The floodplains on either side of the main channel are both...
-
Can multiple budgets be created in QuickBooks Accountant? Explain.
-
What are the two components of a company's income tax provision? What does each component represent about a company's income tax provision?
-
Identify the following equation and every parameter \[ x(t)=A \sin \left(\omega_{n} t+\phi ight) \]
-
Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient clinics. The hospitals Radiology Department is considering replacing an...
-
Several days ago you took your TV set into a shop to have some repair work done. When you later picked up the set, the bill showed a $75 charge for labor. This charge represented two hours of service...
-
Listed below are a number of costs that are incurred in connection with a companys quality control system. a. Product k. Net cost of scrap b. Product recalls. l. Depreciation of test equipment. c....
-
A firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8....
-
5. Which of the following is the cheapest for a borrower? a. 6.7% annual money market basis b. 6.7% semi-annual money market basis c. 6.7% annual bond basis d. 6.7% semi-annual bond basis.
-
Waterloo Industries pays 30 percent corporate income taxes, and its after-tax MARR is 24 percent. A project has a before-tax IRR of 26 percent. Should the project be approved? What would your...
Study smarter with the SolutionInn App