29. Why is an analysis of the company's cash balance important? 30. We compared Regal Entertainment and Cinemark at the end of this chapter. What reasons were given for the differences in their cash balances? SES connect BE4-1 Match each of the following provisions of the Sarbanes-Oxley Act (SOX) with its description. Major Provisions of the Sarba Act Descriptions 1. Oversight board a. Executives must personally certify the company's 2. Corporate executive financial statements. accountability to its client, such as investment advising. c. PCAOB establishes standards related to the 3. Auditor rotation 4. Nonaudit services 5. Internal control preparation of audited financial reports. d. Lead audit partners are required to change every five years. e. Management must document the effectiveness of procedures that could affect financial reporting BE4-2 Match each of the following components of internal control with its description. Components of Internal Control 1. Control environment Descriptions Procedures for maintaining separation of a. Accent & Close