Acct105 week 7 - Study guides, Revision notes & Summaries

ACCT105 Week 7: Cost-Volume-Profit Analysis Project Milestone 3 American Military University

Question 1 of 10 10.0/ 10.0 Points Section 404 of Sarbanes-Oxley levies duties on both management and outside auditors of public reporting companies. A. True B. False Answer Key: True Question 2 of 10 10.0/ 10.0 Points Internal controls, as defined in Sarbanes-Oxley Section 404, are: A.the processes a company implements to prevent theft by employees. B.the processes a company implements to prevent fraternization within departments. C.the processes a company implements to ensure its ...

Question 1 of 10 10.0/ 10.0 Points Section 404 of Sarbanes-Oxley levies duties on both management and outside auditors of public reporting companies. A. True B. False Answer Key: True Question 2 of 10 10.0/ 10.0 Points Internal controls, as defined in Sarbanes-Oxley Section 404, are: A.the processes a company implements to prevent theft by employees. B.the processes a company implements to prevent fraternization within departments. C.the processes a company implements to ensure its ...

Question 1 of 10 10.0/ 10.0 Points Section 404 of Sarbanes-Oxley levies duties on both management and outside auditors of public reporting companies. A. True B. False Answer Key: True Question 2 of 10 10.0/ 10.0 Points Which of the following is not one of the four specific responsibilities that PCAOB Auditing Standard No. 2 levies on company management? A.Accept responsibility for the effectiveness of the company’s internal control over financial reporting. B.Evaluate the effectiv...

Week 7 Assignment ACCT Running head: Management and Accountant Views on the Sarbanes-Oxley Act Changes 1 ACCT105 Management and Accountant Views on the Sarbanes-Oxley Act Changes ACCT105 Management and Accountant Views on the Sarbanes-Oxley Act Changes On July 25, 2002 Congress passed a federal law known as the Sarbanes-Oxley Act. This legislation was designed to fix auditing of U.S. public companies (Coates, 2007). The goal was to protect shareholders, investors, employees, and the...

ACCT105 ACCT105: Accounting Week 7 Assignment American Military University ACCT105: Accounting for Non-Accounting Majors Accounting Week 7 Assignment First to be able to compare and contrast the views of management professionals and accounting professionals regarding the Sarbanes-Oxley Act had on internal controls we must first understand what the Sarbanes-Oxley Act actually did. The Sarbanes-Oxley Act of 2002 did was to œprotect investors from fraudulent financial reporting by corpora...