In your own words, briefly describe the Sarbanes-Oxley Act and its purpose.

Q: 1.Which of the following is not true about FICA?

A: GIVEN   the following is not true about FICA

Q: se answer this

A: Step 1 An income statement is a financial statement that depicts the entity's income and…

Q: 2. Define and describe a conflict of interest.

A: Solution Concept Conflict of interest                 The term conflict of interest means when there…

Q: What was the Sarbanes–Oxley Act designed to accomplish? What were the major factors that led the US…

A: Managerial accounting:   Managerial accounting is more focused towards analyzing information and…

Q: define W-3: explain the purpose, and who uses the form.

A:

Q: an I have an answer and solution for this one, please?

A: The yield can be calculated as follows :

Q: The Sarbanes-Oxley Act requires the following?

A: Sarbanes-Oxley Act is formulated during 2002 under US federal law. The prime purpose of the act is…

Q: Discuss the three elements of 'privacy'?

A: The Answer :

Q: 3. What are the major components of The Sarbanes-Oxley Act?

A: Sarbanes Oxley Act is Act establishment by United States in order to protect the interest of the…

Q: Which of the following is NOT an antitrust law? the FTC Act the Smoot-Hawley Act the Robinson-Patman…

A: Antitrust law: It is a collection of federal and state government laws that regulate the conduct and…

Q: can you be more clear of what the answer is? thanks

A: Given: Beginning of the Year Common Stock = $8 Additional Paid in Surplus = $138 End of the Year…

Q: Answer the following questions:a. In your own words, describe Segregation of Duties. Why is it…

A: a) Segregation of duties refers to the delegation of various duties to different employees to…

Q: 2. Identify the relevance of each of the figures given in the exercise in terms of making the…

A: A special order refers to the special one-time order made by a customer where the management has to…

Q: What are three ethical principles that may provide some guidance for ethical responsibility?

A: Definition: Ethics can be defined as a conduct adopted by an individual in making the selection…

Q: positions on the issue of privacy?

A: The philosopher Immanuel Kant held with dignity that all moral agents should respect their…

Q: Briefly discuss the main provisions of the SOX, and then explain Section 404 in detail.

A: SOX stands for Sarbanes-Oxley Act and it established protocols related to the assessment of internal…

Q: 3. “There are number of conditions that need to be satisfied before an agency of necessity can be…

A: Introduction: Agency by necessity is a term used to describe relationship in which one party makes…

Q: agency problem

A: The concept of Agency is established between two persons, i.e. a principal and an agent. The…

Q: 17. What are the key features of ERISA?

A: The Employee Retirement Income Security Act of 1974 (ERISA) is a federal statute that provides basic…

Q: 3 What were some of the challenges to the IASB in developing a conceptual framework?

A: International Accounting Standards Board (IASB): IASB is the board which frames, develops, approves,…

Q: se explain it properly

A: Given: To find the capital balances as, Capital Balances of Banner = P 65,000 and Strange = P 35,000…

Q: ning Please answer questions c) What are the scopes of the IPSASs?  d)What are the similarities…

A: What are the scopes of the IPSASs? IPSASs set out recognition, measurement, presentation and…

Q: a) What is the IPSASB and reason(s) it was established?  b)What are the objectives of the IPSASB?…

A: Answer to the Part (a) The IPSASB stands for the International Public Sector Accounting Standards…

Q: a.What is the IPSASB and reason(s) it was established?  b.What are the objectives of the IPSASB?

A: Accounting standard refers to the common set of rules, regulations, principles, and procedures that…

Q: Explain Charges and Liens?

A: The question is based on the concept of legal terms used to grant security against loan or debt.

Q: Why was the Sarbanes-Oxley Act developed and enacted?

A: Introduction:- The Sarbanes–Oxley Act of 2002 is a federal law in the United States that sets…

Q: What is an agency problem?

A: Agency problems also known as principal-agent problems  are conflicts of interest between managers…

Q: 3. What is availability? Give an example showing a violation of availability.

A: Following is a meaning of availability and its examples

Q: Please answer it if is TRUE or FALSE.

A: An external event is an event which involves parties or items externally to the organisation.…

Q: In your own words explain the agency theory and give atleast2 personal experience.

A: The agent is a person who does all the work to the principal. The principal will appoint the agent…

Q: developed the IPSASs? d.What are the scopes of the IP

A: International Public Sector Accounting Standards (IPSAS) are a collection of accounting standards…

Q: Answer the following questions. (a) Who are the stakeholders in this situation? (b) What are the…

A: a) The stakeholders are those people who have a interest in the business. They can affect or get…

Q: 3) What are the functions of FASB, GASB and FASAB? Explain

A: Accounting rules are used for the high quality of financial information.

Q: What is the purpose of the IPSASB and what are the reasons for its establishment?

A: This question tells about the purpose of the IPSASB and what are the reasons for its establishment .

Q: What Is Section 1031? A brief explanation on this?

A: Answer : Section 1031 Provision of Internal Revenue Code Allows the Owners of Investment Property…

Q: What does the IAS 2 explains?

A: The answer is provided as follows:

Q: Explain the Key Provisions of the Sarbanes-Oxley Act.

A: Due to a lot of financial scandals which occurred in the early 2000s particularly Enron Scandal,…

Q: Has Sarbones Oxley been an effective piece of legislation?

A: Answer Public Company Accounting Reform and Investor Protection Act, 2002 is formally known as…

Q: 2) Explain Prudence concept and provide example.

A: Hi student Since there are multiple questions, we will answer only first question.

Q: 2. Match each of the following terms with the appropriate definition.

A: Answer:   1. Discounting The process of restating future cash flows in terms of present time value.…

Q: How do I solve subsections D and E?

A: Dividend is the portion of net income which is distributed among the shareholders. The dividend paid…

Q: please

A:

Q: 2. What are the four purposes of internal control?

A: Internal Control: It  consists of all the methods and procedures adopted to assist in achieving the…

Q: Describe the Key Provisions of the Sarbanes-Oxley Act.

A: Due to a lot of financial scandals which occurred in the early 2000s particularly Enron Scandal,…

Q: What should Rob Cushman do about the two items described in the Remaining Issues section of the…

A: Under the current system, distinguishing between controllable and uncontrollable elements is…