1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rama09 [41]
3 years ago
14

Refer to Stevenson, Ross, and Warner. Which of the following represents a key component of the Sarbanes-Oxley Act relating to co

nsulting services?
Business
1 answer:
antoniya [11.8K]3 years ago
4 0

Answer:

The correct answer is B. Accounting firms are prohibited from providing many types of consulting services to the companies they audit.

Explanation:

The main reason for this policy is that it does not allow conflicts of interest to arise that eventually produce widely known cases of fraud, such as those presented at the Enron and Worldcom companies.

The Enron case broke out in the U.S. when that energy giant announced what was once the biggest bankruptcy in the history of the country, with a debt of 31,000 million dollars, something overcome a few months later by the collapse of another colossus, WorldCom.

In June 2002 WorldCom, the second US telephone. and of the world, he admitted that he had lied in his accounting books for almost 4,000 million dollars and his actions - which shortly before touched his maximum of 16 dollars - collapsed to 20 cents. His bankruptcy exceeded Enron's: $ 35 billion of liabilities.

You might be interested in
ABC Software is a producer of educational software for children below the age of twelve. The company has operations in Switzerla
igomit [66]

Answer:

Would not exercise its currency option

Explanation:

Currency options are one of the most common ways for corporations , individuals or financial institutions to hedge against adverse movements in exchange rates.

A currency option is a contract that gives the buyer the right , but not the obligation, to buy or sell a certain currency at a specified exchange rate on or before a specified date.

5 0
2 years ago
Read 2 more answers
1. Which one of the following is the first step in the selection process
Nikolay [14]
Answer: B

Before any actual work is begun you need to have a formal application so there’s something to be worked with.
4 0
3 years ago
What age groups are cared for by primary care physicians?
spayn [35]
Primary care physician are health professionals who take care of patients who have the same medical conditions. Primary care physicians are usually involved in their patient care for a long time. All age group of people can be cared for by primary physician, depending on the type of care that is needed. For example, pregnant women are usually cared for by gynecologists. 
3 0
3 years ago
Read 2 more answers
Suppose the economy's production function is ???? = ????K 0.3???? 0.7 . If K = 2000, N = 100, and A = 1, then Y = 246. If K and
densk [106]

Answer:

Y=38.8

Y will increase by 38.8

Y=246+38.8

Y=284.8

Explanation:

Y=A. F(K, L)

Y=A. K^0.3, L^0.7

Then

Y=246

A=1

K=2000

N or L=100

Solutions

200=1(2000^0.3, 100^0.7)

Now the question says both k & N are increased by 0.20

Therefore

Y=1(2400^0.3, 120^0.7)

Y=1(10.3 + 28.5)

Y=38.8

4 0
2 years ago
Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,800 account of a customer
laila [671]

Explanation:

The Journal entry is shown below:-

On Jan 31

Allowance for doubtful accounts $2,800

                     To Accounts receivable - C. Green $2,800

(Being the uncollectible amount is recorded)

Mar 09

Accounts receivable - C. Green $2,300

               To  Allowance for doubtful accounts $2,300

(Being the written off amount is recorded

Mar 09

Cash $2,300

              To Accounts receivable -  C. Green $2,300

(Being the payment is received is recorded)

7 0
3 years ago
Read 2 more answers
Other questions:
  • Who wants to be brainily? whoever comments first gets to be brainily 100 Point?...
    6·2 answers
  • The relationship between quantity supplied and price is _____, and the relationship between quantity demanded and price is _____
    12·1 answer
  • Deltan corp. allocates overhead to production on the basis of direct labor costs. deltan's total estimated overhead is $450,000
    13·1 answer
  • Name three factors that can contribute to increased productivity in a country?
    14·1 answer
  • Sony, a firm once synonymous with portable music, has ceded its market dominance to Apple because:
    10·1 answer
  • Corruption, Inc., uses process costing, they have overstated the percentage of work completed with respect to conversion cost on
    12·1 answer
  • Increasing segmentation of the marketplace and the need to get products to market faster in light of competitors' specialized so
    15·1 answer
  • Deposit insurance is: private insurance by depositors to guarantee against a bank run that would affect deposits. government ins
    11·1 answer
  • Dufner Co. issued 17-year bonds one year ago at a coupon rate of 6.3 percent. The bonds make semiannual payments. if the YMT on
    12·1 answer
  • What is true of people who are motivated by the need for achievement?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!