What existing provisions in the act

Assignment Help Accounting Basics
Reference no: EM13129691

Review the provisions of the Sarbanes-Oxley Act which was created in 2002 to address the accounting scandals in the late 90s early 00s (Enron, WorldCom, etc.). Identify the provisions that you feel made the biggest impact. What other provisions could have been included in the Act to strengthen the Responsible Stewardship and Integrity of the accounting profession? And conversely, what existing provisions in the Act do you believe (if any) are unnecessary or over-regulate the profession?

Reference no: EM13129691

Questions Cloud

Couple elects gift splitting for the current year : In the current year, Donna gives $50,000 cash and $30,000 of stock to Mike. She also gives $40,000 of tax-exempt bonds to Angela. Her husband, Andy, gives $200,000 of land to Angela. Assume the couple elects gift splitting for the current year.
What is the market value of the contract : You just heard a news story about a mad cow disease in a neighboring country, and you believe that feeder cattle prices will rise dramatically in the next few months as buyers of cattle shift to US suppliers.
Describe the reasons why corporations invest in securities : Describe the reasons why corporations invest in securities. Discuss how the market would be affected if they stopped this practice?
What is the empirical formula for lucite : Lucite is 71.4% carbon, 9.59% hydrogen, and 19.01% oxygen. What is the empirical formula for Lucite?
What existing provisions in the act : Review the provisions of the Sarbanes-Oxley Act which was created in 2002 to address the accounting scandals in the late 90s early 00s (Enron, WorldCom, etc.). Identify the provisions that you feel made the biggest impact.
Annual exclusions to be claimed on gift tax return : Her husband makes no gifts in the current year. Sandra's annual exclusions to be claimed on her gift tax return total:
What is the theoretical amount of water : What is the theoretical amount of water (MW 18.02 g/mol), in grams, that could form when 26.67 grams of aluminum oxide (MW 101.96 g/mol) reacts with excess hydrogen gas
Annual gift tax exclusion : The annual policy premium of $12,000 had been paid on January 1. Damitria's gift (before the annual gift tax exclusion) to Tremayne is:
Ring of integral hamilton quaternions and isomorphisms : Let I be the ring of integral Hamilton Quaternions and define N: I ->Z by N(a+bi+cj+dk) = a^2 +b^2 +c^2+d^2

Reviews

Write a Review

Accounting Basics Questions & Answers

  Comprehensive income for pension plan

What should barrel corporation report in accumulated other comprehensive income for this pension plan?

  Treatment of research and development costs

Describe how software companies like PeopleSoft treat software development costs differently from the typical GAAP treatment of research and development costs in other industries. Why is this the case?

  Compute materials price variance

The Elm Institute makes portable tents for hikers. Their tents have a standard materials usage of 4 yards of cloth per tent at $7.00 per yard.

  Subsidiary organization-creation of a business combination

How does a parent company account for a subsidiary organization in the years that follow the creation of a business combination?

  High quality of earnings

Your posts are very good and state that management should focus on the success of the business rather than managing income to their benefit. This gets into ethics, where if you keep doing the right thing you will reap the benefits with bonus's and..

  What information do you give to the client

When you request the additional information from the client, she tells you that she has no more documentation and that is all you can be given.

  Journal entries for issuing additional shares

Record the following selected transactions in general journal form for Sun Orthopedic Clinic, Inc.Include a brief explanation of the transaction as part of each journal entry.

  What is the effect on earnings in the year

The fair value of the options, estimated by an appropriate option pricing model, is $4 per option. No forfeitures are anticipated. Ignoring taxes, what is the effect on earnings in the year after the options are granted to executives?

  Complete a common-sized income statement

Complete a common-sized income statement, a common-sized balance sheet, and a statement of cash flows for 2010. Interpret your results.

  What is the annual lease payment

What was the interest rate used to value the lease? What is the annual lease payment? What was the present value of the lease obligation on January 1, Year 6?

  Financing sources city enterprise fund

A city's Enterprise Fund issued revenue bonds with a face value of $10,000,000-the Enterprise Fund will report total other financing sources in the amount of

  What are the effect of the sale and the payoff of the loan

What are the effect of the sale and the payoff of the loan on the accounting equation, i.e. what are the increases and/or decreases in assets, liabilities, and owners' equity?

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