Create an argument supporting three items in the act

Assignment Help Accounting Basics
Reference no: EM13858786

Question:

Revamping the Sarbanes-Oxley Act (SOX)" Please respond to the following:

We know that the Sarbanes-Oxley Act was created as the result of several high-profile fraud cases. Now that the act is over 10 years old, many think that it needs to be updated to reflect the changing times.

From the e-Activity, identify and discuss at least three changes that should be made to the act, indicating why these changes are necessary.

Create an argument supporting three items in the act that you would not change

Verified Expert

Reference no: EM13858786

Under ifrs an entity should initially recognize inventory

Under IFRS, an entity should initially recognize inventory when:A)it has control of the inventory. B) it expects it to provide future economic benefits. C)all of these choices

Variable expenses in the cvp income statement

Paulsen Company sells 100,000 units for $15 a unit. Fixed costs are $350,000 and net income is $250,000. What should be reported as variable expenses in the CVP income state

How should rolen determine the sales price of the machine

What are the effects of the sale of the note receivable with recourse on Rolen's income statement for the year ended December 31, 2010, and its balance sheet at December 31, 2

Analysis of simulation

Make a solution using strategic variables available to you to sustain the economic profits firm can earn. What are some of pricing strategies which you would recommend? What a

What advantages does a virtual close provide

Some companies employ technologies that allow them to do a so-called "virtual close." This enables them to close their books nearly instantaneously any time during the year.

Explain why overhead cost related to website optimization

Explain why the overhead cost related to website optimization was first divided into two categories (unframed prints and framed prints) and then allocated based on number of p

Compute the amount of cash collected in 2012 on accounts

Prepare the adjusting entry or entries required on December 31, 2012 to recognize 2012 realized gross profit. (Installment receivables have already been credited for cash rece

Gross margin analysis and point-of-sale scanners

Jon Johnson an accountant with local CPA firm, has just completed an inventory count for Mom & Pop's Groceries. Mom and Pop provide audited financial statements to their ban

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd