2002 act oxley sarbanes - Study guides, Class notes & Summaries

HFMA test 5: Internal Control with Correct Solutions 2024 Administrative controls are characterized by: - Answer -Administrative Controls Administrative controls are characterized by: An organizational plan leading to management's authorization. Assigned responsibility for achieving organizational goals. A starting point for accounting controls. Sarbanes-Oxley Act of 2002 (SOX) This act was established to: - Answer -Sarbanes-Oxley Act of 2002 (SOX) This act was established to: Regulat...

Stakeholder - someone who has a claim on the cash flows of the firm. A good capital budgeting decision is: - one in which the perceived benefits of the project are more than the cost of the asset. Which of the following business organizational forms create(s) a tax liability on income at the personal income tax rate? - Both Sole proprietorship and Partnership Which form(s) of business organization generate(s) the majority of business revenues and profits in the United States? - Corporation...

Father of Intel - ACCURATE ANSWERS Gordon Moore 1965 Information Technology (IT) - ACCURATE ANSWERS study, design, development, implementation, support, and management of computer-based information systems, particularly software and hardware. YES - ACCURATE ANSWERS is IT technology (Information Technology) a core compentency end-users - ACCURATE ANSWERS People that use computers. Sarbanes-Oxley Act of 2002 - ACCURATE ANSWERS attempts to protect investors from accounting and reporting...

What does the Sarbanes-Oxley Act of 2002 and SEC and NYSE rules do? - correct answer -1. "Separate the Siamese twins" company and auditing firm 2. Public company accounting oversight board 3. Financial reports must be signed by CEO 4. Company loans to directors and officers prohibited 5. 11 types of financial crimes now carry statutory maximum sentences What are the basic 10 steps in the evaluation process? - correct answer -1. Establish agreement on the uses and purposes of the evaluat...

Father of Intel - ANSWERSGordon Moore 1965 Information Technology (IT) - ANSWERSstudy, design, development, implementation, support, and management of computer-based information systems, particularly software and hardware. YES - ANSWERSis IT technology (Information Technology) a core compentency end-users - ANSWERSPeople that use computers. Sarbanes-Oxley Act of 2002 - ANSWERSattempts to protect investors from accounting and reporting fraud Competency - ANSWERSknowledge that enabl...

Audit Chapter 7 Exam Questions and Answers All Correct Which statement is correct concerning the relevance of various types of controls to a financial statement audit? A. An auditor may ordinarily ignore the consideration of controls when a substantive audit approach is used. B. Controls over the reliability of financial reporting are ordinarily most directly relevant to an audit, but other controls may also be relevant. C. Controls over safeguarding assets and liabilities are of primary i...

Year telegraphs were invented - 1837 Used homing pigeons in the 1840s to quickly get accurate business information - Paul Reuters The most important factor of Business Information Technology - People The four factors of successful implementation of business technology - People, tools, best practice, and critical thinking Founder of Intel - Gordon Moore "Computer processing power doubles every 18 months" - Moore's Law First person (business) to adopt new technology; might give them a te...

The Sarbanes-Oxley Act of 2002 pertains to a. Public company audits only b. private company audits only c. Both public and private company audits d. None of the above Public company audits only All of the following are changes to the audit profession as a result of SOX EXCEPT for... a. End of "self-regulation" for audits of publicly-traded companies b. Public company audits are subject to regulatory inspections c. Public companies are required to obtain an external audit d. Many non-audit s...

WGU C840 Digital Forensics in Cybersecurity 2024 Exam – Questions & 100% Correct Answers WGU C840 Digital Forensics in Cybersecurity 2024 Exam – Questions & 100% Correct Answers The Computer Security Act of 1987 - ANSWER - Passed to improve the security and privacy of sensitive information in federal computer systems. The law requires the establishment of minimum acceptable security practices, creation of computer security plans, and training of system users or owners of facilities that ...

Business Communication 2024 Exam Questions with Correct Answers When using the "access" stage of the FAIR test, you must ask how _____ your motives, reasoning, and information are. - Answer-Transparent In the ____ era, the public overwhelmingly views businesses as operating against the public's best interests. - Answer-Post-trust "The moment there is suspicion about a person's _____, everything he does becomes tainted" - Answer-Motives Business Ethics - Answer-Commonly accepte...