Atichanna and Robin mentioned the Sarbanes-Oxley (SOX) Act so let's discuss this important legislation.
What are the key provisions of the SOX Act? Please share your sources.
Some of you have probably been impacted at work by this Act.
Please share your experiences if you have been impacted.
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Atichanna and Robin mentioned the Sarbanes-Oxley (SOX) Act so let's discuss this important legislation. What are...
"Revamping the Sarbanes-Oxley Act (SOX)" Please respond to the following: We know that the Sarbanes-Oxley Act was created as the result of several high-profile fraud cases. Now that the act is over 10 years old, many think that it needs to be updated to reflect the changing times. From the e-Activity, identify and discuss at least three changes that should be made to the act, indicating why these changes are necessary. Create an argument supporting three items in the act...
Prior to beginning work on this discussion forum, visit the The Sarbanes-Oxley Act 2002 (Links to an external site.) Search the Internet and locate an annual financial report for a public U.S. company. Read the “Notes” to the Financial Statements to determine the criteria for cash equivalent and how cash and cash equivalents are handled. In your initial post, you will discuss your findings. Find information about the internal control policy of the company and summarize this policy in your...
Prior to beginning work on this discussion forum, visit the The Sarbanes-Oxley Act 2002 (Links to an external site.) Search the Internet and locate an annual financial report for a public U.S. company. Read the “Notes” to the Financial Statements to determine the criteria for cash equivalent and how cash and cash equivalents are handled. In your initial post, you will discuss your findings. Find information about the internal control policy of the company and summarize this policy in your...
rior to beginning work on this discussion forum, visit the The Sarbanes-Oxley Act 2002 (Links to an external site.) Search the Internet and locate an annual financial report for a public U.S. company. Read the “Notes” to the Financial Statements to determine the criteria for cash equivalent and how cash and cash equivalents are handled. In your initial post, you will discuss your findings. Find information about the internal control policy of the company and summarize this policy in your...
Prior to beginning work on this discussion forum, visit the The Sarbanes-Oxley Act 2002 (Links to an external site.) Search the Internet and locate an annual financial report for a public U.S. company. Read the “Notes” to the Financial Statements to determine the criteria for cash equivalent and how cash and cash equivalents are handled. In your initial post, you will discuss your findings. Find information about the internal control policy of the company and summarize this policy in your...
Do you think that the Sarbanes Oxley (SOX) Act of 2002 has been good for investors? Include at least one corporate regulation brought about by SOX in your answer.
Topic: Financial scandal that took place prior to the Sarbanes-Oxley Act (SOX) of 2002 Question: Impact of Sarbanes-Oxley--(Could this same type of financial scandal happen again now that SOX has been enacted, why or why not? Be sure to discuss this from what happened in terms of better/stricter internal controls and regulations that are now in place) you can pick any question for me to relate about the assignment? explain as many words you want to help me understand the...
Please discuss the impact of the Sarbanes-Oxley Act on the AIS's of small public companies. Remember, some public companies are so small that they have only a few employees. Thoughts to consider: 1. Is compliance worth it? Maybe better to go private? 2. What are the AIS requirements for SOX compliance for small public companies? 3. Can you find any examples on the web? 4. Do you have any personal experience with the issue? 5. Is using an ASP (Application...
Option #1: Public vs. Private Company Controls Standards CEO Billy Jean has heard that due to the Sarbanes-Oxley Act, costs have increased significantly when operating a public company. Jean is especially apprehensive with reports that he can anticipate double the audit fees due to the internal control provisions of the Act and PCAOB Auditing Standard No. 2201. Jean has asked you to explain how the Sarbanes- Oxley requirements may affect the audit Required: Organize and share your thoughts if the...
Respond to the following in a minimum of 175 words: Discuss the Sarbanes-Oxley Act. What effect has it had on companies’ auditing processes? In what was has this affect been a positive one? *Please do not copy & paste from a prior answer, I mean no disrespect by any means but some of those answers are not helpful and the reason I posted a question. Thanks, I appreciate any assistance. I received a prior answer which did not meet the...