What made this provision necessary to add to this law

Assignment Help Accounting Basics
Reference no: EM132794644

Question - Jorge and Sebastian have noticed that what happened with many of these companies influenced the passage of the Sarbanes-Oxley Act. They begin to think about this act and how it has impacted their own job duties as employees of Vesco Industries. They discuss things that have happened since they began working there.

When Jorge and his co-workers completed the end-of-quarter income statement, Vesco's chief financial officer, Desmond Harris, made a trip to the accounting department to review the financial reporting materials. Jorge recalls that Mr. Harris had once mentioned that his approval was a requirement under this act that was at one time not necessary.

Required -

a. What provision of the Sarbanes-Oxley Act does Mr. Harris's review address?

b. What made this provision necessary to add to this law?

Reference no: EM132794644

Questions Cloud

Describe the tasks of the systems maintenance phase : Describe the tasks of the Systems Maintenance Phase. What are the desired results of this phase?
Execute a customer order at zappos : Identify and describe the primary, support, and general management processes needed to execute a customer order at Zappos
Calculate each of the yield to maturity for the bond : Calculate each of the Yield to maturity for bond. M&M Corporation has 16% debenture bond outstanding that mature in 25 years, the bond is callable in 10 years.
Describe the organisational documentation procedures : Describe the organisational documentation procedures to be used with regard to the handover
What made this provision necessary to add to this law : They discuss things that have happened since they began working there. What made this provision necessary to add to this law
Key drivers in supply chain management : Can a factory be fast, dependable, flexible, produce high-quality products, and still provide poor service from a customer's perspective? Explain.
What is the shareholders equity immediately after the quasi : Gaile Company has sustained heavy losses over a period of time, Immediately after the quasi-reorganization, what is the shareholders' equity?
Find the amount of uncollectible accounts expense : The company estimates that it will be unable to collect 3% of its sales on account. Find the amount of uncollectible accounts expense recognized
Internet search on virtual reality training : Provide some information on how it can be used in business to train employees. What is the best type of business for this training based on research?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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