Question

the involvement of accounting professionals and management in accounting scandals resulted in congress passing the sarbanes-oxley act. what is the purpose of the sarbanes-oxley act? (select all that apply.)

Answer 1

The purpose of the Sarbanes-Oxley act is to provide penalties for violators; prevent conflicts of interest; require CEO accountability; regulate auditors.

In finance and economics, interest is payment from a borrower or deposit-taking economic organization to a lender or depositor of a quantity above compensation of the most important sum, at a selected rate. It's far distinct from a charge that the borrower may pay the lender or some third birthday celebration.

Interest is the monetary price for the privilege of borrowing money, typically expressed as an annual percentage rate (APR). Interest is the amount of money a lender or financial group gets for lending out cash.

Interest is defined as the quantity of cash paid for using someone else's money. An instance of the hobby is the $20 that was earned this 12 months to your financial savings account. An instance of the hobby is the $2000 you paid in the hobby this 12 months on your home mortgage.

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