a) The Sarbanes-Oxley Act of 2002 has been most pertinent and transformative to management decision making in its emphasis on:
1. Ethical and moral responsibilities
2. Financial details contained in financial statements
3. Corporate governance and internal controls
4. Corporate social responsibility
Answer is 3. Corporate governance and internal controls.
It needs no explaination.
a) The Sarbanes-Oxley Act of 2002 has been most pertinent and transformative to management decision making...
Which of the following is not a provision of the Sarbanes-Oxley Act of 2002? a) The company's external auditors are required to attest to the accuracy of the internal controls report. b) Companies are required to report on the effectiveness of their internal controls. c) The chief executive officer and the chief financial officer are jointly responsible for establishment and enforcement of internal controls. d) The company's external auditor is charged with the ultimate responsibility for the accuracy of the...
Topic: Financial scandal that took place prior to the Sarbanes-Oxley Act (SOX) of 2002 Question: What led to the scandal from a management ethics point of view, did management encourage the manipulation of financial data, did they just look the other way, did they cover it up, etc. Was there any corporate governance?
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...
7. Ethical corporate behavior and the Sarbanes-Oxley Act Most executives believe that they and their firms behave in an ethical manner and that it is in their best interests to do so. How can a firm's ethical conduct increase its long-term profitability? Ethical corporate behavior builds public trust and encourages the use of good corporate governance. Both increase the likelihood that creditors and investors will want to invest in the firm, which in turn increases the availability of financial capital....
The Sarbanes-Oxley Act of 2002 authorized the SEC to issue implementation rules on many of its provisions intended to improve corporate governance financial reporting, and audit functions. Which of the following was NOT one of the rules summarized in the textbook? New standards of professional conduct for attorneys Certifications of legality by the owners of special purpose entities Disclosures regarding a Code of Ethics for Senior Financial Officers and Audit Committee Financial Experts Conditions for use of non-GAAP financial measures
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...