Some reports argued Section 404 of SOX has been too costly and it has not had its intended effect.” Do you agree? Discuss
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Some reports argued Section 404 of SOX has been too costly and it has not had its intended effect.” Do you agree? Discuss
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- How are IFRS and the codification related? Do you feel that IFRS adoption could happen without codification?Even when NPV and IRR give the same accept/reject decisions, they may not give the same recommendations when ranking projects with different scales and timing. True FalseIs it possible for conflicts to exist between the NPV and the IRR when independent projects are being evaluated? Explain your answer.
- The following statement is TRUE / FALSE (circle one): In accordance with ASC 730-10 (SFAS # 2), “Research” costs must be expensed when the related research activity takes place, while “Development” costs must be capitalized when the related development activity takes placeAccording to IFRS, the retrospective technique should not be employed if any of the following conditions are met:Should the FASB have overturned the software revenue recognition portion within ASC 985-605? As part of your explanation, consider whether firms will now have too much flexibility to manipulate revenues.