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dybincka [34]
2 years ago
5

an effect of the sarbanes-oxley act of 2002 was to: multiple choice reduce the circumstances in which one may file securities wi

th the sec. eliminate sec involvement with sales of securities. reduce the accounting profession’s level of self-regulation. require periodic peer reviews of large cpa firms performed by the general accounting office.
Business
1 answer:
mixer [17]2 years ago
4 0

An effect of the Sarbanes-Oxley Act of 2002 was to reduce the accounting profession’s level of self-regulation.

<h3>What did the Sarbanes-Oxley Act of 2002 do?</h3>

The Sarbanes-Oxley Act of 2002 was passed in the wake of the Enron and WorldCom financial sagas in order to reduce the incidence of companies misleading their stockholders.

The Sarbanes-Oxley Act of 2002 led to more regulation over the accounting profession and a reduction in their self-regulation because large accounting companies had been implicated in the saga.

Find out more on the Sarbanes-Oxley Act of 2002 at brainly.com/question/13398903

#SPJ1

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State 5 advantage and 5 disadvantages of trade unions.
Nady [450]

Answer:

5 advantages/ higher wages, better benefits, your representatives, fair pay, better environment

Explanation:

5 disadvantages/ high labor cost, law suits, abritrations, and members can legally strike

3 0
3 years ago
Seidman Company manufactures and sells 20,000 units of product X per month. Each unit of product X sells for $17 and has a contr
True [87]

Answer:

Effect on income= $115,000 decrease

Explanation:

Giving the following information:

Fixed costs= $45,000

Number of units= 20,000

Unitary contribution margin= $8

<u>To calculate the effect on income, we need to use the following formula:</u>

Effect on income=  decrease in fixed costs - decrease in contribution margin

Effect on income= 45,000 - 20,000*8

Effect on income= $115,000 decrease

4 0
3 years ago
Racz describes a micromanager as a manager who doesn't give you a lot of breathing room. Micromanagers often stifle workers and
marusya05 [52]

Answer:

core competency

Explanation:

A core competency is a concept in management theory introduced by C. K. Prahalad and Gary Hamel. It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace" and therefore are the foundation of companies' competitiveness.

4 0
3 years ago
Congress wishes to impose regulations on the insurance industry. What test would the United State Supreme Court use to determine
abruzzese [7]

Answer:

Three part test.

The outcome: if the three requirements are not met, then there is not point the Government should interfere.

At the end, the law will be held.

Explanation:

In some cases, the courts are allowed to protect individual, company or business organization from Government interrupting with these individuals or business organization "fundamental right" and this is the "substantive due process rights " of insurance companies as mentioned in the question above.

The test that the United State Supreme Court can use to determine whether the regulations they want to enact would violate the substantive due process rights of insurance companies is what is known as the THREE PARR TEST.

THE THREE PART TEST has its root from cases such as that of Pasgraf V Long Island Railroad co. The three part test involves three main subjects and they are;

=> foreseeability: are the policies in which insurance companies work going to affect the consumers in the future?

=> proximity: what kind of relationship do the insurance companies have with there consumers?

=> fairness: are these policies just and fair?

CONCLUSION: if the three requirements are not met, then there is not point the Government should interfere.

6 0
3 years ago
What are 3 benefits of adding non-QuickBooks Online clients to your Client List in QuickBooks Online Accountant
kipiarov [429]

Answer:

The answer is below

Explanation:

There are quite some benefits of adding non-QuickBooks Online clients to your Client List in QuickBooks Online Accountant, in which three amongst them are:

1. It gives the opportunity to keep all the clients' data, including documents in a specific place together

2. It gives the user a chance to easily transfer to clients, the saved documents in QuickBooks Online Accountant

3. A user can easily create projects and tasks for non-QuickBooks Online clients in the work tab in order to meet some crucial clients deadlines.

3 0
3 years ago
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