All categories

3 years ago

Under section 404 of the sarbanes oxley act auditors are required to

1 answer:

6 0

Basically, the Sarbanes Oxley Act was not a single Act, but a series of Acts that were designed to expand starting requirements for companies such as firms and overall businesses. Section 404 is one of the Acts that are specifically set on the company's control on their financial reports made. As a result, internal management or more commonly known as the Internal Affairs program of a company must provide a detailed and clear-written (straight-to-the-point) report on the company's structure (how they do things) and creating, or establishing, a set of procedures on how they plan to report their financial status.

You might be interested in

During 2018, businesses may elect to immediately expense up to $__________ of qualified real property placed in service that yea

alex41 [277]

Answer:

$1 million

Explanation:

Section 179 deduction of the IRS code was enacted to help small business owners take depreciation deductions for certain assets ( capital expenditure I.e. the money spent on acquiring and maintaining fixed assets such as buildings and equipments ) in one year rather than continuous depreciation over a long period of time.

The new law increased the maximum deduction from $500,000 to $1 million.

For example: lets say you buy a computer for your office, under section 179 you can deduct the full cost of your computer in one year. This a very okay because the life span of your computer is short

5 0

3 years ago

For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model is 200 units, and the total annual inve

lilavasa [31]

Answer:

$2 per unit per year

Explanation:

The calculation of the inventory carrying cost per unit per year is shown below:

Inventory Carrying cost per unit per year is

= Total Annual Inventory cost ÷ Economic order quantity

= $400 ÷ 200 units

= $2 per unit per year

It is computed By dividing the total annual inventory cost from the economic order quantity, in order to get the inventory carrying cost

Therefore, the first option is correct

3 0

3 years ago

Question 1

erma4kov [3.2K]

Answer:

someone will be with you in a moment

Explanation:

3 0

3 years ago

If the slope of the budget line changes, there MUST have been a change in the consumer's preferences. an increase in the consume

nikdorinn [45]

Answer:

you change in the price of at least one good

3 0

2 years ago

Taking a cash advance on your credit card for daily living expenses may not be a wise financial decision because interest begins

Phoenix [80]

Answer:

The statement is true

Explanation:

Credit card is the card which provide the benefit to the people to purchase the items without cash. In short, it is that card which the person could use when the person is short of cash or does not have cash while purchasing the item.

The benefit which is provided, it is against the interest which is being charged from the day the amount is spent till the date the whole amount (which is principle amount plus the interest amount) is paid to the company.

So, taking the cash in advance from the credit card would not be a wise decision as the interest begin from the day the advance is taken.

6 0

3 years ago