Which of the following would be considered an organizational cost driver?
Ford's decision to begin manufacturing an electric vehicle. |
The meals served to airplane passengers of Southwest Airlines. |
Number of packages delivered by UPS. |
Broward Hospital's decision to establish a board to oversee the quality control of patient care |
Which of the following is true about the Sarbanes-Oxley Act of 2002?
It came largely as a result of the Enron scandal. |
It emphasizes the importance of strong corporate governance. |
All of these statements are true about the Sarbanes-Oxley Act of 2002. |
It demands greater company and auditor attention to internal controls. |
1. Answer is "Broward Hospital's decision to establish a board to oversee the quality control of patient care"
Explanation :Organizational Cost Drivers deal with the choices concerning the organization of activities and the involvement of persons inside and outside the organization in decision making.
2.Answer is " All of these statements are true about the Sarbanes-Oxley Act of 2002."
Explanation :Sarbanes-Oxley Act of 2002 emphasizes the importance of strong corporate governance. It demands greater company and auditor attention to internal controls.Enron scandal was one among the events that largely lead to Sarbanes-Oxley Act of 2002.
Which of the following would be considered an organizational cost driver? Ford's decision to begin manufacturing...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...
1. Which of the following matters would an auditor most likely consider to be a significant deficiency to be communicated to the audit committee? A. Management's failure to renegotiate unfavorable long-term purchase commitments.B. Recurring operating losses that may indicate going concern problems.C. Evidence of a lack of objectivity by those responsible for accounting decisions.D. Management's current plans to reduce its ownership equity in the entity. 2. After obtaining an understanding of internal control and arriving at a preliminary assessed level...
Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant “E,” slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm laid off 4,000...