The law "Sarbanes-Oxley" came about as result of
Q: Discuss three general provisions of the Sarbanes-Oxley Act.
A: Sarbanes-Oxley Act (SOX) is a legal framework that requires corporate chiefs to ensure the precision…
Q: In your opinion, should PWI be subject to civil litigation?
A: Here, it is to be determined that whether PWI be subject to civil litigation or not.
Q: is expec actuary
A: ABO stands for Accumulated benefit obligation which is defined as the amount of the pension plan…
Q: What are the two cases where Garner VS Murray rule is not applicable?
A: Generally, as per the Garner vs Murray rule, any capital loss incurred due to bankruptcy of the…
Q: Explain when you would issue a reservation of rights?
A: A reservation of rights is generally issued by insurance companies.
Q: Is Jayzam correct in his assertion? Include legal basis/bases in your answers.
A: Accrued liabilities can be defined as the amount to be payable in future for the expenses being used…
Q: Provide the pros and cons of Sarbanes –Oxley Act (SOX).
A: Pros of Sarbanes Oxley Act 1. Crucial information cannot be witheld from customers By requiring that…
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: 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: 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: If you were given complete authority in the matter, how would you propose that GAAP should be…
A: Generally Accepted Accounting Principles (GAAP): A set of accounting principles, practices and…
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: 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: Why is a preemptive right important?
A: Preemptive rights means the rights to be offered to purchase a property before it is offered to…
Q: Comment on the actions of David Duncan and Nancy Temple. Which of these parties do you believe was…
A:
Q: Which of the following s he violated?
A: An employee working in an organization must have some ethics and values. The employee should work…
Q: Explain the difference between substantive and procedural due process.
A: Definition: Managerial accounting: Managerial accounting is the process of identifying, measuring,…
Q: What are the general jurisdictional rules? Discuss some of the exceptions to these rules.
A: Jurisdiction Rules Jurisdiction in the law which implies that the right of the court to hear the…
Q: Discuss the scope and penalties of Sarbanes Oxley Act.
A: The Sarbanes Oxley Act or the SOX was brought to force as a response to the substantial increase in…
Q: Positive laws are passed and promulgated by competent and legitimate
A: Comment- Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: What are the key features of the objection and appeal process against the Commissioner’s decision?
A: If a taxpayer does not agree with the decision and wishes to take it further, then they may lodge a…
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: Doctrine of Precedent?
A: Judicial precedent refers to the way in which the law is made and amended through the decisions of…
Q: In WEAK’s books, what amounts are recognized for the following?
A: The answer is stated below:
Q: What are the two primary reasons for using preemptive rights?
A: The right of the shareholders of a company to buy additional shares in any future issue of the…
Q: If this scenario were brought to a NAFTA tribunal, Decom Mat would most likely win. Explain why.
A: NAFTA -North American Free Trade Agreement provides a framework for rule based dispute resolution…
Q: What is an agency problem?
A: Agency problems also known as principal-agent problems are conflicts of interest between managers…
Q: What are the key points of the ‘‘Issuer and Management Disclosure’’ of the Sarbanes-Oxley Act?
A:
Q: Briefly describe the NBBO and the order protection rule. Whatregulation implemented them?
A: NBBO is a securities exchange commission regulation that requires brokers to trade at the best…
Q: What is USALI? Is it required under GAAP? Why would you use it?
A: USALI is Uniform System of Accounts for the lodging industry. The USALI states that all financial…
Q: Governance issues include the following except;
A: The corporate governance represents the rules and practice by which the company would be controlled…
Q: Distinguish in the aspect of creation, a natural person from a juridical one.
A: Here the difference in the concept of Natural person and the Juridical person / entity. Natural…
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: What transaction is covered by Maceda Law?
A: MACEDA LAW is also known as REALTY INSTALLMENT BUYER ACT, was approved in 26th August 1972 to…
Q: Distinguish between common law liability and statutory law liability?
A: Auditor: The person who is considered responsible for assessing the credibility of the financial…
Q: n in t
A: An action that is a civil action for injury damages death damages or property damages or damaging of…
Q: Define civil law
A: Introduction: Civil law is a form of rules that govern usual private substances, distinct from laws…
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: What's the working for the first section $49,900?
A: A pension plan is usually an agreement between the employer and employee wherein, the employer…
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…
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- In the last Great Recession in the early 2000s the financial system became suspect and its flaws exposed. Which of the following acts was passed in an attempt to reform the financial system? O Sarbanes-Oxley Act O Great Recession Act O Dodd-Frank ActHow did the Efficient Mark Hyoithese play a role in the financial crisis of 2008-2009?Discuss the 2007-2008 financial crisis and what impact it had on the financial markets. Who was impacted? What caused the crisis, and how can a future crisis be prevented?
- 1. How come the stock exchange price crumble so much in few days? What has happened in these companies exactly? (Enron,Lehman,Satyam computers) Explain in your own words in short and brief. 2. Which investment of Lehman Brothers became disaster? Lehman was investing in what kind of assets exactly? 3.How come people lost their homes and became homeless due to Lehman failure? 4.Applying microeconomics principles, explain why was the real estate market (properties and homes) in US and world wide collapsed due to Lehman failure? 5.World went into recession due to Lehman Brothers and subprime crisis, but where exactly the money gone? How suddenly money disappeared from the world economy? 6.Why and how all 3 (three) cases affected the entire world? 7.How much was money lost worldwide in all 3 (three) cases? 8.What was the primary reasons which fosters a corporate giant like…Which type of event started the financial crisis in 2007-2009? A. Stock market crash B. Foreign exchange devaluation C. Increase in uncertainty after failure of a major institution D. Credit boom and bustYou read a news story blaming the central bank for pushing the economy into recession. The article goes on to mention that not only has output fallen below its potential level, but that inflation has also risen. If you were to respond defending the central bank, what argument would you make? Explain in detail.
- In the 2008 global financial crisis many banks faced both a liquidity shock and a solvency shock. Discuss the main causes of each of these shocks and explain how regulators and governments responded to the illiquidity/insolvency faced by banks.In 2008, the United States began to witness one of the worst recessions since the 1930s. The collapse of the housing bubble in 2006 led to a massive decline in real estate prices, affecting consumers and institutions, especially banking and financial entities. Severe liquidity shortfalls in the United States as well as other global markets led to a serious credit crisis. During the credit crisis of 2008–2009, several banks and other businesses went through a reorganization process or were forced to liquidate. Consider the following example: In May 2009, General Motors started closing 2,600 of its retail outlets and finally filed for bankruptcy in June. It emerged from the bankruptcy protection by July 2009, after it received funding from the US government, the Canadian government, United Automobile Workers Union, and GM bondholders. Source: Farfan, Barbara. “General Motors Chapter 11 Bankruptcy Overview and Details.” About.com, Retail Industry. About.com, n.d. Web. August 31, 2010.…This is a Corporate Finance class and uses the book: Fundamentals of Corporate Finance by R. Brealey, S. Myers, A. Marcus (2020, 10th ed.) The financial crisis had its roots in the easy-money policies that were pursued by the U.S. Federal Reserve and other central banks following the collapse of the Internet and telecom stock buble in 2000. At the same time, large balance-of-payments surpluses in Asian ecomomics were invested back into U.S. debt securities. This also helped to push down interest rates and contribute to lax credit. a. is it the homeowners that were the bad seed? why did they borrow so much? b. why did banks lend to households with poor credit worthiness? c. what should be done to keep a crisis like this from happening again?
- Can you explain to me as much as you can about: What were the causes of Financial crisis that happened in 2007-2008Regarding the 2007-09 Financial Crisis, answer the following questions: Was this a systemic or a nonsystemic crisis? Explain. How do these differ? Which of the following shocks played a role in the crisis: (a)Increased uncertainty (b)Increase in interest rates (c)Government fiscal problems (d)Balance sheet deterioration (e)Banking problems and panicsPlease explain why "Subprime loars played a big part in the stock market crisis between 2007-2009 why did it happen? what was the solution? please write any important and useful website, article and reference related this topic. Thanks in advance