The Sarbanes-Oxley Act of 2002 provides rules related to the creation of financial statements to help avoid fraud .
Federal legislation known as the Sarbanes-Oxley Act of 2002 established stringent financial and auditing standards for publicly traded companies. To help shield shareholders, employees, and the general public from accounting mistakes and dishonest financial practices, legislators created the legislation.
The law imposes stringent reforms to enhance corporate financial disclosures and stop accounting fraud. Additionally, it addresses topics like improved financial disclosure, corporate governance, internal control evaluation, and auditor independence. An Internal Controls Report is a requirement of the Sarbanes Oxley Act for all financial reports. This demonstrates that a company's financial data is accurate and that sufficient controls are in place to protect it. Also necessary are year-end financial disclosure reports.
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Answer:
In the mid-19th century, the quest for control of the West led to the annexation of Texas and the Mexican–American War. ... This expansion led to debates about the fate of slavery in the West, increasing tensions between the North and South that ultimately led to the collapse of American democracy and a brutal civil war.
Answer:
Unlike small firms and non-profit organizations, corporations have more ways to raise the money that they spend on productive resources.
Explanation:
- This is because corporations have the advantage of more means to raising capital such as selling stocks.
- This gives them an advantage over the other business structures.
- Employees can be attracted to offer their labor to corporations that small holdings since they are sure of their payment due to the high amounts of funds operated by corporations in comparison to small firms.
