Advantages and disadvantages of complying with sox

Assignment Help Financial Accounting
Reference no: EM131288498

In 100 words or more, Explain how SOX helps an organization assess their internal controls. What are the advantages and disadvantages of complying with SOX?  Do you agree SOX is effective in mitigating risk? Explain your position.

Reference no: EM131288498

Questions Cloud

How will you apply these insights in your doctoral research : What similarities and differences do you find when comparing the two sources' research value to your doctoral journey?
Law of diminishing returns sets in from marginal costs : "You can determine when the law of diminishing returns sets in from your marginal costs." The manufacturer wants you to tell him which of the above statements are right and which wrong.
What three characteristics of high emotional intelligence : What 3 characteristics of high Emotional Intelligence? What are 3 examples of low Emotional Intelligence? What does your research say about the importance of Emotional Intelligence?
Why does mcdonalds use constant currency : What effect do the corporate income tax rates in the countries where McDonald's operates have on the income statements prepared in local offices?
Advantages and disadvantages of complying with sox : Explain how SOX helps an organization assess their internal controls. What are the advantages and disadvantages of complying with SOX?  Do you agree SOX is effective in mitigating risk? Explain your position.
Broadest measure of output for an economy : Gross Domestic Product (GDP) is the broadest measure of output for an economy. However, GDP does not perfectly measure well-being of a nation and its citizens' welfare. Discuss what GDP is and what it measures? Discuss what the shortcomings (li..
Statement of cash flows prepared using the direct method : Which of the following items are included as an operating activity on the statement of cash flows, using the direct method? Regarding the use of a spreadsheet for the preparation of the statement of cash flows, which of the following statements is in..
Is there anything unethical about the service in general : Is there anything unethical about this service in general? If so, who should be held accountable, the poster, the ultimate user (student), the professor, the university, or someone else?
Four components of gdp : Examine all four components of GDP (C, I, G, and Xn). Which of these four components of AD are rising and which are dropping? On the top right hand corner of the page, you can click on Modify to select prior years.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Computers and provides hardware maintenance services

Minarski Electronics sells computers and provides hardware maintenance services. On April 1st, Minarski sold a package deal containing a computer and a one-year unlimited maintenance/repair service for the computer at a bundle price of $1,000

  Compute delzers return on assets ratio

Compute Delzers return on assets ratio, profit margin ratio, and asset turnover ratio, both with and without the new product line and discuss the implications that your findings in part (a) have for Delzer"s decision.

  Which customers represent the main source of cvss accounts

Which customers represent the main source of CVS's accounts receivable, and how much is CVS's allowance for uncollectible accounts?

  Business combination

F., Inc. and H. Inc. formed a business combination on 1/1/2012, when Fred acquired a 60% interest in H's common stock for $312,000 in cash. The book value of H's assets and liabilities on that day totaled $300,000 and the fair value of the non-contro..

  Problem 1 conceptual frameworknbsp nbspnbsp one of the

problem 1 conceptual frameworknbsp nbspnbsp one of the well-known soccer clubs in sydney has made a decision to include

  What is your year end balance

Your business uses the allowance method to account for uncollectible receivables.- What is your year-end balance in Allowance for uncollectible accounts?

  Percentage-of-completion and completed-contract methods

In accounting for long-term construction contracts (those taking longer than one year to complete), the two methods commonly followed are the percentage-of-completion and completed-contract methods.

  Stockholder''s equity section of the balance sheet

Danielson Company reported the following stockholder's equity section of the balance sheet on 1/1/15 (assume all common stock was issued on the same time):Common Stock, $3 par value, 16,000 shares issued and outstandingmce_markernbsp; 48,000

  Standard auditors report refers to standards of the PCAOB

The standard auditors' report refers to standards of the PCAOB and GAAP in which paragraph?

  What is timber ridges net profit margin

The Timber Ridge Company has the following relationships: Sales/Total assets = 3.12; ROA = 0.0900 what is Timber Ridge’s net profit margin?

  Using the cash basis of accounting

LO.2, 5 Al is a medical doctor who conducts his practice as a sole proprietor. During 2014, he received cash of $280,000 for medical services. Of the amount collected, $40,000 was for services provided in 2013. At the end of 2014, Al had accounts rec..

  Estimate of the company net operating income

Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $..

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