Analyze the changes made to corporate governance rules

Assignment Help Financial Accounting
Reference no: EM131268134

Analyze the changes made to corporate governance rules since the implementation of the Sarbanes–Oxley Act of 2002. Based on your analysis, formulate an opinion on whether or not these changes are sufficient in preventing financial fraud. Provide a rationale for your response. Debate it! Audit committees are an effective tool for detecting and preventing fraud. Provide a rationale for your response.

Reference no: EM131268134

Questions Cloud

Explain the accounting for long-term notes payable : Explain the accounting for different types of loss contingencies. Describe the nature, type, and valuation of current liabilities. Describe the formal procedures associated with issuing long-term debt. Explain the accounting for long-term notes payab..
Dependent care tax credit for which they are eligible : Cindy and Glenn are married taxpayers who file a joint return. Both Cindy and Glenn work. During 2014, they had three young children for whom they paid $10,000 of qualifying child care expenses. What is the maximum and minimum child and dependent car..
Identify and analyze the major driving forces for change : Identify and analyze the major driving forces for change in the external environment of the motorcycle industry. Analyze the dynamics of competition using Porter's Five Forces Model of Competition.
Overall is the schedule realistic or optimistic : Critique the program provided - find and discuss any inconsistencies that you can find. Would you ask for changes to be made, and why? Overall is the schedule realistic or optimistic
Analyze the changes made to corporate governance rules : Analyze the changes made to corporate governance rules since the implementation of the Sarbanes–Oxley Act of 2002. Based on your analysis, formulate an opinion on whether or not these changes are sufficient in preventing financial fraud. Provide a ra..
One of the auditors roles is to verify inventory values : One of the auditor’s roles is to verify inventory values. The auditor would have to verify both the quantity on hand and the unit cost to determine the inventory value. How would the auditor verify the quantity?
Review the given business requirements : You have been hired to build an employee payroll system for a new coffee shop. Review the following business requirements and highlight any potential issues.
Using the data that follows and assuming cost of goods sold : Using the data that follows and assuming cost of goods sold is $273,700, prepare the cost of goods sold section of a merchandising income statement (periodic inventory system). Include the amount of purchases for the month of October.
Why you perceived the communication to be effective : Discuss at least three reasons why you perceived the communication to be effective, and explain the resulting impact to the business.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Direct method of determining cost of goods sold

Uxmaiz Corporation had only one job in process during May—Job X32Z—and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May. Data concerning that job appear below: Using the direct method, what is the cost o..

  Issued the certificates for the common stock dividend

Selected transactions completed by Primo Discount Corporation during the current fiscal year are as follows: Jan. 9 Split the common stock 3 for 1 and reduced the par from $75 to $25 per share. After the split, there were 1,092,000 common shares outs..

  Estimating future retirement needs

Estimating future retirement Needs. Assume Jared and Trish Roberts needs 26,792 each year for the first 20 years after their retirement, and 20,000 each year for the next 5 years, re-compute the amounts for Line N and Line Q.

  Received liquidating distribution of real estate

In the current year, Sue received a liquidating distribution of real estate from UTSRQ Partnership, a general partnership. The real estate had an adjusted basis to the partnership of $35,000 and a fair market value of $90,000 on the date of the distr..

  Summarize selling-collection activities for reporting period

For each of the three independent situations below, prepare journal entries that summarize the selling and collection activities for the reporting period in order to determine the amount of cash received from customers and to explain the change in ea..

  Prepare the required journal entries for gator

On October 1, 2014, Gator Inc assigns $1,600,000 of its accounts receivable to American Bank as collateral for a $1,200,000 loan. The bank assesses a finance charge of 2% of the receivables assigned and interest on the note of 7%.

  Estimate of the total contribution margin

Iadanza Corporation is a wholesaler that sells a singler product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $195.70 per unit. The best estimate of the total contribution ..

  Especially valuable for introverted leaders

When people think of a stereotypical leader, they often conjure up the image of a dynamic public speaker, a forceful and dominant personality, and someone who can cultivate relationships with a broad number of people. What types of developmental expe..

  Calculate material-labor and overhead variances

XO-20 is an oil-based product used to remove rust on bolts and nuts that are stuck. Its accounting system uses standard costs. The standards per .5-liter can of solution call for 0.75 liters of material and 4 hours of labor. Determine the standard co..

  What is the price of a zero coupon bond that matures in 3

Assuming semi-annual compounding, what is the price of a zero coupon bond that matures in 3 years if the market interest rate is 5.5 percent? Assume par value is $1000.

  Contribution margin format

Prepare an income statement for the current year using the contribution margin format-Prepare an income statement for the current year using the traditional format.

  Show the classify costs associated with manufacturing firms

Classify Costs associated with manufacturing firms, merchandising firms or service firms

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd