What are users interests in reports on internal control over financial reporting? Identify the factors that influenced
Question:
What are user’s interests in reports on internal control over financial reporting? Identify the factors that influenced congress in developing Section 404 of the Sarbanes-Oxley Act that requires reports on internal control that supplement the annual financial statements.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
There are two primary user interests in the reports on inte...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
Question Posted:
Students also viewed these Auditing questions
-
Reports on Internal Control over Financial Reporting (Identify Report Deficiencies). Sorrell, CPA, is auditing the financial statements of Van Dyke as of December 31, 2014. Sorrells substantive...
-
The auditor prepares a report on internal control over financial reporting. Required a. Is the auditor also required to audit the companys financial statements at the same time? Explain. b. Does an...
-
The auditor provides an opinion on internal control over financial reporting for one of its public companies. a. Is the auditor also required to audit the company's financial statements at the same...
-
(a) For a fiber-reinforced composite, the efficiency of reinforcement ? is dependent on fiber length l according to where x represents the length of the fiber at each end that does not contribute to...
-
How does grade differ from structure in a grinding wheel?
-
Students will assume various roles (HR director, general manager, senior employee, and external HR consultant) and each will represent his or her perspective depending on the assigned role. Role-play...
-
The General Social Survey reported that in a sample of 68 men aged 1825, the mean number of hours of television watched per day was 2.76 with a standard deviation of 2.21. In a sample of 72 women...
-
Big Thumbs Company manufactures portable flash drives for computers. Big Thumbs incurs monthly depreciation costs of $15,000 on its plant equipment. Also, each drive requires materials and...
-
What is a relevant range? Explain Explain the concepts of Variable Costs, Fixed Costs and Mixed Costs. Give an example of each. How do we divide mixed costs into the fixed and variable cost...
-
You are trying to prepare nancial statements for Bartlett Pickle Company, but seem to be missing its balance sheet. You have Bartletts income statement, which shows sales last year were $310 million...
-
How does complexity affect (1) The demand for auditing services and (2) The performance of auditing services?
-
Who is the most important user of an auditors report on a companys financial statements: company management, the companys shareholders, or the companys creditors? Briefly explain your rationale and...
-
(a) What are the magnitude and direction of the magnetic field a distance a below the current sheet? (b) What are the magnitude and direction of the magnetic field a distance a above the current...
-
How is biological anthropology today fundamentally different from its origins as physical anthropology?
-
What is the hysteresis effect?
-
What is the difference between archaeology and biological anthropology? Why is biological anthropology a subfield of anthropology?
-
Why, according to Marx, does capitalism need a reserve army of the unemployed?
-
How are DNA and RNA different from one another and what are their respective roles in protein synthesis?
-
Outline a procedure for graphing first-degree inequalities in two variables.
-
Use this circle graph to answer following Exercises. 1. What fraction of areas maintained by the National Park Service are designated as National Recreation Areas? 2. What fraction of areas...
-
Compute the limit of the convergent sequences in Problems 19-26. \(\left\{\frac{5 n}{n+7}ight\}\)
-
Refer to the Professional Judgment in Context feature at the outset of the chapter, which discusses the PCAOB enforcement action related to the audit of Alloy Steel International. As you will recall,...
-
Enron was an energy company based in Houston, Texas that made energy trades. It was formed in 1985 with the merger of Houston Natural Gas and InterNorth. After an aggressive expansion plan that...
-
Locate and read the article listed below and answer the following questions: Almer, E. D., M. Lightbody, L. E. Single, and B. Vigilante. 2011. New Leadership Tracks in Accounting Firms: An...
-
We review long-lived assets for impairment when circumstances indicate the carrying amount of an asset may not be recoverable based on the undiscounted future cash flows. If the carrying amount of...
-
Hal's Heavenly Creations offers its employees the option of contributing up to 6% of their salaries to a voluntary retirement plan, with the employer matching their contribution. The company also...
-
Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-2,300 units; cost $6.40 each. August 8 Purchased 11,500...
Study smarter with the SolutionInn App