Bob is the CEO of ABC Hydraulics. Bob is committed to ethical business practices. He ensures that his investors are kept well-in
formed of the state of the company. As part of his commitment to transparency and ethical practices, he prefers that the top level executives don't see the inner workings of the company's financials so that they aren't tempted to try to defraud the company by embezzling. Is this complying with SOX (Sarbanes-Oxley Act)?
No, SOX mandates that top level executives must certify that financial information is accurate.
Explanation:
This mandate was included in Sarbanes-Oxley (SOX) Act of 2002. It requires top level executives to certify the financial information that the company made in writing.
This mandate was made in order to held Top level executives accountable regarding every aspect of operation that exist within the company.
If this mandate did not exist, the situation will became more dangerous for Bob. Top level executives could do corrupt practices and make lower level accountant as a scapegoat for their actions.
I think the correct answer from the choices listed above is option C. <span>The facts that money must withstand the wear and tear that comes from being used over and over again is a measure of its durability. Hope this answers the question. Have a nice day.</span>
Adjusted gross income abbreviated AGI is the tax payers gross income minus deductions used in arriving at taxable income(AGI less allowable deductions)
Please find attached calculations for gross income and AGI for the couple
