Required a. Explain what the acronym SOX refers to. b. Define the acronym COSO and explain how
Question:
Required
a. Explain what the acronym SOX refers to.
b. Define the acronym COSO and explain how it relates to SOX.
c. Name and briefly define the five components of COSO’s internal control framework.
d. Define the acronym ERM and explain how it relates to COSO’s internal co n trol framework.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (19 reviews)
a SOX refer to the SarbanesOxley Act of 2002 b COSO stand for The Committee of Sponsoring Organizati...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
Question Posted:
Students also viewed these Cost Accounting questions
-
Name and briefly define the five components of COSOs internal control framework.
-
Briefly describe the five components of an accounting information system.
-
Describe the GRANT statement and explain how it relates to security. What types of privileges may be granted? How are they revoked?
-
For the following exercises, use shells to find the volume generated by rotating the regions between the given curve and y = 0 around the x-axis. 130. y = 1-x,x = 0, and x = 1 131. y = x, x = 0, and...
-
Winston-Salems general hospital has an emergency room that is divided into six departments: (1) the initial exam station, to treat minor problems and make diagnoses; (2) an x-ray department; (3) an...
-
Which of the following is a primary qualitative characteristic of accounting information? a. Relevance b. Faithful representation c. Comparability d. All of the above are important characteristics.
-
Cantilever Ltd was awarded a contract to build an office block in London and work commenced at the site on 1 May 2005. During the period to 28 February 2006, the expenditure on the contract was as...
-
The Brandilyn Toy Company manufactures a line of dolls and a doll dress sewing kit. Demand for the dolls is increasing, and management requests assistance from you in determining the best sales and...
-
You are valuing the equity of a company using the free cash flow to equity (FCFE) approach and have estimated that the FCFE in the next three years will be ?6.25, ?7.70 and ?8.36 million, respec...
-
based on The Guildford Four (Chapter 4) discussed in Minds on Trial: Great Cases in Law and Psychology: According to the discussion of the case in Minds on Trial, what evidence was used to convict...
-
Austin Co. established a petty cash fund by issuing a check for $300 and appointing Steve Mack as petty cash custodian. Mack had vouchers for the following petty cash payments during the month:...
-
As of May 31, 2016, the bank statement showed an ending balance of $26,100. The unadjusted Cash account balance was $27,350. The following information is available: 1. Deposit in transit, $6,981. 2....
-
A 25.00-g sample of a solid is placed in a graduated cylinder, and then the cylinder is filled to the 50.0-mL mark with benzene. The mass of benzene and solid together is 58.80 g. Assuming that the...
-
Thomas Burberry is credited with investing gabardine fabric in the 1850s. The Burberry trademark is registered in more than ninety(90) countries around the world, and the companys signature plaid...
-
On March 10, Fat Tires Ltd. borrowed $7000.00 with an interest rate of 8.1%. The loan was repaid in full on October 13, with payments of $2900.00 on April 7 and $3500.00 on June 5. What was the final...
-
Find the domain of the function. -3 f(x) = log(+34) Write your answer as an interval or union of intervals. Domain: (0,0) (0,0) (0,0)
-
Use the X-POSITION vs. TIME graph below to answer the following questions. Express all answers in the appropriate mks units. POSITION vs. TIME GRAPH x-position (m) 6 4 2 0 -2 -4 2 4 6 8 10 t(s) A.)...
-
Suppose Tom is 25 years old and he would like to retire at age 60. Tom decides to make regular monthly deposits to an account earning an interest rate of 2% compounded monthly. a) (8 pts) He would...
-
Draw a conformational representation of (a) -D-allopyranose (b) -D-idofuranose
-
Accounting policies and practices that are most important to the portrayal of the companys financial condition and results, and require managements most difficult, subjective, or complex judgments...
-
What kind of debt is rescheduled in a Paris Club arrangement? Why is an IMF standby loan agreement required before a Paris Club meeting?
-
The Huffman School of Vocational Technology has organized the school training programs into three departments. Each department provides training in a different area as follows: nursing assistant,...
-
Eagle Airlines is a small airline that occasionally carries overload shipments for the overnight delivery company Never-Fail, Inc. Never-Fail is a multimillion-dollar company started by Wes Never...
-
Eagle Airlines is a small airline that occasionally carries overload shipments for the overnight delivery company Never-Fail, Inc. Never-Fail is a multimillion-dollar company started by Wes Never...
-
Write a page of Podcast including Federal Reserve Chairman, James Bullard at Wharton Business College, including: The key here is to use Economic Concepts that you have learned from your...
-
Question 21 (1 point) If the Fed used Open Market Operations to sell bonds we would expect the money supply to expand Ob the money supply to shrink C GDP to expand Od the business cycle to reset...
-
Brooks_Chapter_3_1. (V2) Project Description: In this problem, you will prepare a portfolio growth model to determine how long it will take a couple to reach their retirement goal. Steps to Perform:...
Study smarter with the SolutionInn App