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Mashutka [201]
3 years ago
12

Compare and contrast the views of management and accountants regarding the changes required by the Sarbanes-Oxley Act on interna

l controls and how these changes have affected corporations, accounting firms, and investors?
Business
1 answer:
MissTica3 years ago
4 0

Answer and Explanation:

The SoX sarbanes oxley act of 2002 was enacted to address company fraud that was exemplary of Eron and worldcom and bring back the confidence held in the financial market

It was meant to increase the effectiveness of internal control in companies in keeping accounting records or financial reports reliable and fraud-proof. The SOX act increased the independence of company auditors making their reports more reliable as they didn't have to compromise because they were dependent on top managers. In addition top managers were held responsible for any fraud in accounting statements and so were to certify the reliability of reports released to the public

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Which calculation is needed to assess the component pieces of the operating section using the direct approach for the amount col
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Calculation  needed to assess the component pieces of the operating section using the direct approach for the amount collected for sales is

Total potential cash - Ending accounts receivable balance.

Cash that is produced by a company's regular operating procedures is known as operating cash flow. Investors place a high value on a company's capacity to continually produce positive cash flows from its ongoing business operations.

The purpose of drawing up a cash flow statement is to see a company's sources and uses of cash over a specified time period.

You should first subtract any receivables that you are aware are unlikely to be collected before calculating cash collections from accounts receivable. This will leave you with your projected collectible accounts receivable.

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8 0
2 years ago
The coordinating conjunctions that can be used to combine two complete sentences with a comma are âfor, and, nor, but, or, yet,
stealth61 [152]
This is true. You can use the acronym FANBOYS to remember <span />
3 0
3 years ago
Which statement BEST explains this investment?
wlad13 [49]

Answer:

I think that the answer is B, The The general likelihood of business success is very high.

Explanation:

I got it right on edgenuity

4 0
3 years ago
On January 1, 2012, Coronado Industries purchased for $762000, equipment having a useful life of ten years and an estimated salv
kari74 [83]

Answer:

$45,800

Explanation:

Coronado Industries

Cost of Equipment $762,00

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=71,700×9 years

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= $762,000 - $645,300

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The gain to be recognize will be

= $162,500 - $116,700

= $45,800

1 January ,2012 to 31 December,2020 will give us 9 years

4 0
3 years ago
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Police agency positions in victim advocacy and statistical analysis are examples of ______ personnel.
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