Describe the objectives and elements of internal control

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Reference no: EM133266597

Assignment - Accounting Discussion

Respond to one or more of the following prompts.

Describe the Sarbanes Oxley Act and its impact on internal controls and financial reporting.

Describe the objectives and elements of internal control.

Describe the common classes of receivables.

Describe the accounting for collectable receivables.

Compare the direct write-off and allowance methods of accounting for non-collectable accounts.

Reference no: EM133266597

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