How has the governance of the recent economic failure

Assignment Help English

Reference no: EM133488501

Question 1: Brigham and Ehrhardt (2022) argued that information technology (IT) brings certain unique and potentially significant risks in terms of security, segregation of duties, change management, and data integrity. Therefore, companies must assess IT risks and identify controls to mitigate them. Without appropriate knowledge, tools, and people, companies will risk doing too much or too little in this area.

Question 2: Brigham and Ehrhardt (2022) postulated that recent corporate reporting failures and exposure to systemic fraud had created an appetite for certainty and precision in assessing the effectiveness of controls over financial reporting and operations business processes, and their vulnerability and exposure to risk. Driven by Section 404 of the Sarbanes-Oxley Act, management is now required to report on the effectiveness of internal control and procedures for financial reporting. Additionally, the company's auditors must attest to and report on management's assertion about the effectiveness of those internal financial controls.

Question 3: Brigham and Ehrhardt (2022 ) argued that the legislation profoundly impacts the governance and behavior of any business with a US listing. Concerning SOX, how has the governance of the recent economic failure from 2007 to 2009 dealt with reporting losses and exposure to systemic fraud?

Reference no: EM133488501

Questions Cloud

What did you enjoy most about the class and why : What did you ENJOY MOST about the class and why? What did you ENJOY LEAST about the class and why? (This will help me think about how to continue to improve

Importance of using this in conjunction with the sbq-r : Review the MSE. Consider and discuss the importance of using this in conjunction with the SBQ-R or other suicide ideation assessment instrument.

What has been discovered about your professional practice : Write a reflection journal to outline what has been discovered about your professional practice, personal strengths and weaknesses, and additional resources

How does personality traits relate to individual clients : How does personality traits relate to individual appraisal of students and/or clients?

How has the governance of the recent economic failure : how has the governance of the recent economic failure from 2007 to 2009 dealt with reporting losses and exposure to systemic fraud?

What do you tell her about the importance of sleep : A mom brings in her adolescent son for his annual physical. She shares that her son has been staying up into the wee hours of the morning playing video games.

Analyze the key problems of the existing system used : Analyze the key problems of the existing system used by the company (2). Also, discuss the Information Systems used within the company

How do you deal with an uncertain future : What gives you satisfaction or causes you regret and What gives you courage

How are roles in psychology are influenced by culture : How are interactions between important roles (client, psychologist, researcher, participant, etc.) in psychology are influenced by culture-social orientation?

User Account

All Pages