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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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how do i go about getting a job i have applied to multiple places so many times and i never get a call back
Aneli [31]

keep trying and call every once or twice a time in the week

3 0
3 years ago
A firm has 12,000 shares of common stock outstanding with a book value of $20 per share and a market value of $39. There are 5,0
lana [24]

Answer:

13.7%

Explanation:

The weight to be placed on preferred while computing the company's weighted average cost of capital (WACC) is the market value of the preferred stock divided by the market value of the company as a whole.

market of preferred stock=5,000*$26=$130,000

Market value of the company=market value of common stock+market value of preferred stock+market value of bond

common stock market value=12,000*$39=$468,000

market value of bond=$400,000*87%=$348,000

Weight of preferred stock=$130,000 /($130,000 +$468,000+$348,000)=0.137420719 =13.7%

6 0
3 years ago
Prisly Inc. is a multinational company that specializes in manufacturing and selling high-end cars. It launches a new car Gwen 2
antoniya [11.8K]

Answer:

3. cannibalization

Explanation:

This term refers to the situation were sales or the market share of a product are reduced because another product is introduced by the same company.

5 0
3 years ago
Which of the following situations might convince an employer to choose a nonqualified retirement plan over a qualified profit-sh
Vinil7 [7]

Answer:

All the options might convince to an employer to choose a nonqualified retirement plan over a quialified plan.

en A). the owner of the corporation would use a nonqualified plan because the income tax rate of the business is lower than the owner´s tax rate.  

B) Is a true statement.  as nonqualified plans are typycally only stablised to benefit the executive and there are no requirements to benefit thr rank and file

C)

would cause an employer to choose a nonqualified plan because a nonqualified plan requires less administrative costs than a profit sharing plan

7 0
3 years ago
_____ leaders are agents of change because they develop an appealing vision of the desired future state, communicate that vision
GrogVix [38]

Answer:

The correct answer here is B) Transformational leader.

Explanation:

Transformational leadership style is a type of leadership, where a leader would work with its team so that a leader can identify changes that are needed, leader would create a vision to guide change through the inspiration and executes that change in tandem with committed team members. Transformational leader also helps in enhancing the motivation, job performance and morale of its team and followers through various mechanism like being a role model to others, connecting with teams sense of identity.

8 0
3 years ago
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