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
Akimi4 [234]
3 years ago
8

Sarbanes-Oxley does not require:

Business
1 answer:
Novosadov [1.4K]3 years ago
5 0

Answer:

B) companies to turn over responsibility for establishing and maintaining internal controls for financial reporting to auditors.

Explanation:

Sarbanes- Oxley is popularly called SOX and  which is also know as the ''Public Accounting Reform and Investor Protection Act'' in the United States' Senate and ''Corporate and Auditing Accountability, Responsibility and Transparency Act'' is a USA federal law the sets out new regulations for all U.S public company boards, management and public accounting firms. Some part of the Act makes provisions that apply to privately owned companies.

The Sarbanes-Oxley is named after the bill sponsors that is Senator Sarbanes and a U.S Representative known as Micheal G. Oxley and this bill makes sure that the top management of a company must each individually determine and certify the accuracy of all financial information provided or stated. This bill was enacted in 2002 to curb a number of major corporate accounting scandals, especially those affecting big accounting firms like ;  Enron, Tyco International, Adelphia, Peregrine Systems, and WorldCom that cost investors to loose a lot of money when the their shares collapsed.

As a guiding principal companies and organizations are supposed to adhere to the options mentioned above except for option B which states:  companies to turn over responsibility for establishing and maintaining internal controls for financial reporting to auditors.

You might be interested in
Journalize the entries to record the following.
vredina [299]

Answer:

Explanation:

The journal entries are shown below:

1. Petty cash A/c $1,100

       To Cash A/c $1, 100

(Being the petty cash fund is established)

2. Office supplies A/c Dr $614

   Miscellaneous selling expense A/c Dr $200

   Miscellaneous administrative expense A/c Dr $145

   Cash short and over A/c $26

             To Petty cash A/c $985

(Being the expenses are recorded)

The Cash short and over is computed below:

= $1,100 - $115- $614 - $200 - $145

= $26

4 0
3 years ago
The best source for technical information needed in a network investigation is:
lisabon 2012 [21]

I guess the correct answer is the system administrator for the system in question.

The best source for technical information needed in a network investigation is the system administrator for the system in question.

7 0
3 years ago
Tools used to help foreign policy goals
Inessa05 [86]

The foreign policy actually used are largely dependent on a nation's foreign policy agenda.


1) Foreign Aid

2) Sanctions

3) Diplomacy


I hope that's help :0

8 0
2 years ago
A small enterprise is one with _______ employees.
baherus [9]
A small enterprise is one with smaller number of employees. It has a maximum number of employees that is 250 persons. It's annual balance sheet is said to no exceed 43 million euro. Hope this answers the question. Have a nice day. 
5 0
3 years ago
Which two features of quickbooks online advanced are not available to quickbooks online plus clients
vesna_86 [32]

Answer:

the techniques and the earth

Explanation:

so basically those techniques help you

8 0
2 years ago
Read 2 more answers
Other questions:
  • Wesimann Co. issued 13-year bonds a year ago at a coupon rate of 8.5 percent. The bonds make semiannual payments and have a par
    9·2 answers
  • Brenda has recently been denied a promotion. This is the third time she was turned down for promotion despite excellent performa
    9·2 answers
  • The current U.S. dollar-yen spot rate is 125¥/$. If the 90-day forward exchange rate is 127 ¥/$ then the yen is selling forward
    7·2 answers
  • In a national survey on substancein a national survey on substance abuse commaabuse, modifying 66.4 % with underline66.4% of res
    11·1 answer
  • Let’s assume that we are about to appraise a house using the cost approach. The home was originally constructed in the early 190
    12·1 answer
  • The allowance for doubtful accounts currently has a debit balance of $200. The company's management estimates that 2.5% of net c
    8·1 answer
  • A firm has issued $5 par value preferred stock that pays a $0.80 annual dividend. The stock currently sells for $9.50. In calcul
    6·1 answer
  • The transportation model, when applied to location analysis: maximizes revenues. minimizes total fixed costs. minimizes total pr
    10·1 answer
  • The management at an auto manufacturer planned to terminate production due to labor issues that were consuming most of the profi
    5·1 answer
  • 50 points if you answer this question, If you can date any celebrity, who will it be?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!