Sarbanes-Oxley Internal Control Report Using Wikipedia (www.wikipedia.com), look up the entry for Sarbanes-Oxley Act. Look over the table of contents and find the section that describes Section 404. Section 404 requires management's internal control report

Sarbanes-Oxley Internal Control Report Using Wikipedia (www.wikipedia.com), look up the entry for Sarbanes-Oxley Act. Look over the table of contents and find the section that describes Section 404. Section 404 requires management's internal control report

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter8: Financial Reporting And Management Reporting Systems

Section: Chapter Questions

Problem 7P

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1.What is management's responsibilities for reporting internal control under Section 404 Sarbanes Oxley Act
Provide in full the meaning of these abbreviations and tell briefly how they interface with the GIFMIS. TRIPS & GCMS (GRA) T-24& SWIFT (BoG) E-Procurement (Public Procurement Authority
Please answer in your own words, do not copy from others or websites.
Discuss 2 similarities and differences of internal controls reporting requirements between public and private organizations. Give 2 examples of the challenges you have experienced in internal controls reporting in your previous organization. How have you been able to address them?
Computer Internal Control Questionnaire Evaluation. Assume that, when conductingprocedures to obtain an understanding of Denton Seed Company’s internal controls, youchecked “No” to the following internal control questionnaire items:∙ Does access to online files require specific passwords to be entered to identify and validate the terminal user?∙ Does the user establish control totals prior to submitting data for processing? (Orderentry application subsystem.)∙ Are input control totals reconciled to output control totals? (Order entry applicationsubsystem.)Required:Describe the errors and frauds that could occur because of the weaknesses indicated by thelack of IT controls
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