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4 years ago

Discuss the Sarbanes-Oxley Act 2002 and how it helps curb accounting fraud.

Business

2 answers:

BaLLatris [955]4 years ago

6 0

The Sarbanes-Oxley Act 2002 was an attempt to stop fraud and identity theft

Hope this helps

-AaronWiseIsBae

Soloha48 [4]4 years ago

4 0

The Sarbanes-Oxley Act of 2002 was used to curb accounting fraud by improving financial disclosure of corporations, and checking and fixing frauds if they were found.

hope this helps

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If happiness was money, what would your job be?

lawyer [7]

Answer:

Being appreciated by people.

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3 years ago

Read 2 more answers

Park Ridge Company is considering the replacement of a machine that is presently used in production. The following data are avai

Ainat [17]

Answer:

The Relevant Cost for Five Years $52,000.00

Explanation:

‘Relevant costs’ can be defined as any cost relevant to a decision. A matter is relevant if there is a change in cash flow that is caused by the decision.

The Park Ridge Company's Relevant Old Machine Cost for Five Years is

Disposal value now $32,000.00

Annual cash operating costs $20,000.00

Relevant Cost for Five Years $52,000.00

Old Machine

Original cost $200,000 is Sunk Cost

Useful life in years 10 5 - Will be used for the calculation of Depreciation, Therefore is an Irrelevant cost

Current age in years 5 0 - irrelevant year

Book value $100,000 - are not cash flows and so are not relevant.

Disposal value now $32,000 -

Disposal value in 5 years 0 is without a cost

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3 years ago

The ____ rule explains variation in employee conduct through generalizing on the percentage of employees in any given organizati

lana [24]

Answer: 10/40/40/10

Explanation:

Under the 10/40/40/10 rule, 10% of the employees tend to follow ones own attitudes and values, i.e. they believe that their beliefs are more remarkable than those around them. 40% of the employees try to go along with the organization policies. The other 40% might follow their assigned work group whereas the last 10% tend to take advantage of such circumstances just in case if degree of penalization is lower to that of the benefit and also risk of getting caught is less.

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4 years ago

On 12/31/X4, Zoom, LLC, reported a $55,500 loss on its books. The items included in the loss computation were $27,000 in sales r

IrinaVladis [17]

Answer:Ordinary Business income loss =-$20,500.

Explanation:

Ordinary business Expenses are the expenses generally accepted according to the industry standards associated with running of a business.

Here, the ordinary business expenses for Zoom include

cost of good sold= $19,-000

employee wages= $17,000

rent expense = $11,500 and therefore will be deducted from its sales revenue.

charitable contributions and qualified dividends, do not cut across all industries and so are not classified under Ordinary Buisness expences.

Ordinary Business income loss = Sales revenue - cost of good sold, -employee wages- rent expense.

$27,000- $19,000-$`17,000-$11,500= -$20,500. to be reported on its X4 return

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3 years ago

A bakery invest a portion of profits into sending its employees to a training on how to use more energy-efficient ovens that als

Karo-lina-s [1.5K]

A bakery invests a portion of profits into sending its employees to a training on how to use more energy-efficient ovens that also can hold more baked goods. Hoping to achieve by investing in the training, the goal of the bakery is increase productivity. The new learning to employees will help them how to use more of the energy-efficient ovens and probably find a way that they won't have to waste more electricity and produce more baked goods.

The answer would be letter A.

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3 years ago