Review the provisions of the sarbanes-oxley act

Assignment Help Financial Accounting
Reference no: EM13744748

Review the provisions of the Sarbanes-Oxley Act of 2002 to address the accounting scandals in the late 1990s and early 2000s (Enron, WorldCom, etc.). Identify the provisions that you believe made the most significant impact. What other provisions could have been included in the Act to strengthen the responsible stewardship and integrity of the accounting profession? Conversely, what existing provisions in the Act do you believe (if any) are unnecessary or over-regulate the profession?

Reference no: EM13744748

Questions Cloud

Capitalization include imputed amount for interest on equity : Should interest capitalization include an imputed amount for interest on equity if the project is not fully financed by debt?
Heighest amount of net income in an inflationary environment : For each of the following situations, fill in the blank with FIFO, LIFO, or weighted average:  would produce the heighest amount of net income in an inflationary environment. would produce the highest amount of assets in an inflationary environment.
Compute the missing amounts in marriott balance sheets : The following balance sheet information (in $ millions) comes from the Annual Report to Shareholders of Marriott International Inc. for the 2008 fiscal year. (Certain amounts have been replaced with question marks to test your under- standing of bala..
Cultural problems do not impede : 1) Assume you are a manager in a multinational company that needs to send a team of three to five people to Saudi Arabia for about two weeks to investigate the feasibility of selling your products there. What advice would you give them to help assure..
Review the provisions of the sarbanes-oxley act : Review the provisions of the Sarbanes-Oxley Act of 2002 to address the accounting scandals in the late 1990s and early 2000s (Enron, WorldCom, etc.). Identify the provisions that you believe made the most significant impact.
Debate about a national health care plan : Burt is the custodian at Quaker Inn, an S corporation that has paid him bonuses over the years in the form of shares in the corporation. Burt now holds 276 shares in Quaker Inn.
Focus on continuous improvement processes : Many organizations focus on continuous improvement processes to aid efficiency improvement, reduce waste, and/or maximize profits. In your posting, discuss three of the continuous improvement foci areas you have experienced in your job or organiz..
What challenges do you anticipate in organization : How do you think business analytics can help your current organization with their decision-making processes. What challenges do you anticipate in getting your organization to implement and utilize business analytics
What project areas need to be assessed : What project areas need to be assessed in a readiness process? What is included (and not included) during the stabilization timeframe - Why is knowledge transfer important to the long-term stability of the ERP system? What are the 5 areas addressed..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Illustrate what is the total expected cost

Assuming that this activity is within the relevant range, illustrate what is the total expected cost if the activity level is 17,300 machine hours?

  1 economic entity assumption2 going concern

1. economic entity assumption2. going concern assumptionnbspnbspnbspnbsp3. monetary unit assumptionnbspnbspnbspnbsp4.

  Show the statement of net assets

Prepare journal entries in good form to record the foregoing transactions for the year ended June 30, 2011 and prepare a statement of net assets for the year ended June 30, 2011.

  What was jenson retained earnings at the end of year

Jenson Company began the year with retained earnings of $250,000. During the year, the company recorded revenues of $350,000, expenses of $275,000, and paid dividends of $30,000. What was Jenson’s retained earnings at the end of the year?

  Which ratios best help internal users manage the business

Which ratios would external users be most interested in? Why? Which ratios would best help internal users manage the business? Why? Beyond the basic financial statements what other information would you want to fully analyze a company's performa..

  Calculate dans basis in his partnership interest at the end

Calculate Dans basis in his partnership interest at the end of the tax year. What items should dan report on his Federal income tax return

  How all these initial expenses are treated by partnership

The calendar year partnership started business in September 2011. Describe how all these initial expenses are treated by the partnership.

  Date of consolidation

During the year, P sold goods to S for $85,800 at a mark-up of 25% on cost. 30% of these goods are still on hand at the date of consolidation.

  Find net realizable value of accounts receivable

At the end of the current year, Accounts Receivable has a balance of $750,000; Allowance for Doubtful Accounts has a credit balance of $11,250; and net sales for the year total $4,150,000.

  Evaluate the amount of money in a savings account

Evaluate the amount of money in a savings account at the end of five years given an initial deposit of $3,000 and an 8 percent annual interest rate when interest is compounded (a) annually, (b) semiannually, and (c) quarterly.

  Egger manufacturing company is a small bookbinder using

egger manufacturing company is a small bookbinder using machine-hours mh as the single indirect-cost rate to allocate

  Create a system flowchart of the existing system

Create a system flowchart of the existing system- analyze the physical internal control weaknesses in the system. Model your response according to the six categories of physical control activies specified in the COSO internal control model.

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