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Question :
1. In two to three paragraphs, explain the Sarbanes-Oxley Act and why it is important to the accounting profession.
2. Name and briefly explain the five components of COSO's internal control framework.
3. Explain the relationship between the Sarbanes-Oxley Act and COSO.
4. Tom Jackson is a CPA who really likes to go to Las Vegas, play poker, and bet on football games. Tom knows that the accounting profession disapproves of gambling, but because he spends a lot of time studying sports facts and how to win at poker, he feels that he is simply making educated decisions based on facts. He says that this is no different from using accounting information to purchase stocks. Use the fraud triangle as a basis to comment on Tom's gambling activities.
How much depreciation could RLM record for the year ended December 31, 2011
For your response discussion need, critically observe the budget and currency calculations of another student.
Karen is single and is an active participant in her employer retirement plan. She contributed $5,500, the maximum amount allowable, to an individual retirement account (IRA)
Audit report and financial statements for the system
NFP's flexible budget allows how many kg's of inputs for the most current operating period
Purpose a flexible budget performance report that indicates any variances between budgeted results and actual results.
Prepare the literature review
Purpose a statement of retained earnings for the year ending 31 st December, 2011.
Evaluate the impact on net income
What consolidation entry could be needed for these bonds on December 31, 2012?
Prepare all required journal entries that the city should make for each transaction.
Financial Statement Analysis and Preparation
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