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
IrinaVladis [17]
2 years ago
8

In response to accounting scandals and the collapse of Enron at the turn of the century, the U.S. Congress passed the Sarbanes-O

xley Act to establish a system of federal oversight of corporate accounting practices. The purpose of the law is to hold CEOs accountable in matters of financial reporting, and to ensure the truthfulness of statements offered to investors. Despite the law's good intentions, businesses must now spend millions of dollars each year just to comply with the regulations. However, the steep challenges of compliance have created a boom in new accounting firms that specialize in helping companies meet the law's requirements.Answer the multiple choice questions that follow the video content.Congress passed Sarbanes-Oxley into law as a response to:a. Globalization b. Financial scandals and corporate fraud c. Consumer protection violations d. Executive CEO pay How does Sarbanes-Oxley attempt to improve business ethics?a. By regulating executive retirement plans b. By legally requiring companies to certify the truth of their statements to investors c. By enacting legal protections against discrimination d. By offering suggestions for how companies might be more transparent Which aspect of Sarbanes-Oxley has created severe difficulties for businesses?
a. The law's whistle-blower protections
b. The creation of the Public Company Accounting Oversight Board c
. The law's aim to hold CEOs accountable
d. The cost and difficulties of compliance
Business
1 answer:
Klio2033 [76]2 years ago
5 0

Answer:

  1. b. Financial scandals and corporate fraud.
  2. b. By legally requiring companies to certify the truth of their statements to investors.
  3. d. The cost and difficulties of compliance.

Explanation:

After the U.S. was rocked by the financial scandals and corporate fraud of companies like Enron and WorldCom, the U.S. Congress enacted the Sarbanes-Oxley Act to mitigate the risk of such ever occurring again.

The Act involves making the management personally liable for the accuracy of the statements by legally requiring companies to certify the truth in their statements to their investors.

While this seems easy enough, it requires a lot of information gathering which has left companies paying millions to comply.

You might be interested in
Which explains a way banks channel money from savers to borrowers? (study island)
Andrew [12]
Banks lend money from saving accounts to people who need loans 
5 0
3 years ago
Which of the following is NOT a goal of operations management? (A) Understanding the drivers of customer utility (B) Match suppl
rodikova [14]

Answer:

The answer is A.

Explanation:

Operations management involves all activities which produce and deliver goods and services. Operation is a core function in any organization.

The primary objective of operations management is to make use of the organizational resources to generate or produce goods and services.

All options except option A(Understanding the drivers of customer utility) are goals of operation management

8 0
3 years ago
Please please answer these help me plz​
adell [148]

Explanation:

Control

Entrepreneurs naturally have long-term vision and find focus on quarterly profits frustrating

As an owner of a privately held company, you have complete authority over operational decisions and don’t have to worry about shareholder expectations and interference. Shareholders in public companies are often focused on current earnings and they can exert tremendous pressure to increase earnings in the short term in order to increase the value of their stock.

Right of Non-Disclosure

Privately held companies are not required to disclose details about their operations that could potentially benefit competitors. The SEC has stringent disclosure requirements for public companies, including the details of investor conferences, research analyst meetings and shareholder discussions.

Confidentiality

Information such as executive compensation, legal settlements and other sensitive information cannot be kept confidential in public companies. Compliance with these SEC disclosure regulations can expose information that you would prefer to keep confidential.

The United States is considered the world's premier free-market economy. Its economic output is greater than any other country that has a free market. 1 The U.S. free market depends on capitalism to thrive. The law of demand and supply sets prices and distributes goods and services.

5 0
3 years ago
According to the Ajzen model, the strongest predictor of an employee’s behavior is (are):
Ghella [55]
There you go. let me know if this is right

4 0
3 years ago
Why should all small business owners develop business plans even if they are not required to obtain financing?
NISA [10]

A business plan would help small business owners to know how to operate the business, achieve goals and what activities need to be conducted in case they missed anything out. It helps a business to plan out and conduct business operations.

4 0
3 years ago
Other questions:
  • Which of the following acronyms refers to the safety procedure that workers should use when performing maintenance or repair on
    14·1 answer
  • Investment companies or mutual funds that continue to sell and repurchase shares after their initial public offerings are referr
    12·1 answer
  • Kenisha decided to write her persuasive speech on "human cloning." she didn't feel comfortable using internet sources and so rel
    13·1 answer
  • Justin signed a finance agreement for his rent purchase what is the total amount he will pay back under this agreement?
    13·2 answers
  • While a Guaranteed No-lapse Rider relieves the policyowner of the responsibility of monitoring the policy's cash value what is r
    11·1 answer
  • To pay for her college education, Gina is saving $2,000 at the beginning of each year for the next eight years in a bank account
    14·1 answer
  • Assume you receive a 3.5% raise in your 2014 salary for 2015. In addition, suppose the CPI was 238 in 2014 and 240 in 2015. Your
    6·1 answer
  • The long run aggregate supply curve shifts to the right given that
    13·1 answer
  • What is one key difference between payday loans and title loans?
    6·1 answer
  • Brand equity results in lucrative brand Blank______ opportunities, when another company wishes to pay a royalty or fee to use yo
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!