How did the Sarbanes-Oxley Act affect managers responsibility for creating and maintaining an ethical business and reporting

Question:

How did the Sarbanes-Oxley Act affect managers’ responsibility for creating and maintaining an ethical business and reporting environment?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting

ISBN: 978-0078025518

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

See More Books

Question Posted: Feb 27, 2015 09:33 AM

See More Questions

The Sarbanes Oxley Act requires companies to document their business processes and internal controls. Evaluate how each of the flowcharts presented in the text document system and program may fulfill...
The Sarbanes Oxley Act of 2002 (SOX) has important implications for the financial community. Explain two implications of SOX.
The Sarbanes Oxley Act was issued in 2002 in response to the many corporate scandals to help reduce fraud, improve the reliability of financial reporting and restore public confidence in the...
ECB Co. has 1.2 million shares outstanding selling at $24 per share. It plans to repurchase 97,000 shares at the market price. What will be its market capitalization after the repurchase? What will...
Kerry is a partner in the Kerry, Davis, Smith & Jones Partnership. Kerry owned 25% from January 1, 2014 to June 30, 2014, when he bought Joness 25% interest. He owned 50% for the rest of the year....
Consider the following demand and supply relationships in the market for golf balls: Qd = 90 2P 2T and Qs = 9 + 5P 2.5R, where T is the price of titanium, a metal used to make golf clubs, and R is...
What are the different types of organizational forms that corporations use for international operations?
The background for this case was introduced in Chapter 1. This is a continuation of the case in Chapter 6. For this part of the case, propose and test some meaningful hypotheses that will help Ms....
Use the Following metrics to perform the operation, if possible. A = F2-12 1 3 0 1 2 3 B 1 1 2 3 5 3-3 L0323 Find 2A-3B
Brown transfers Blackacre to XYZ Corp., a newly formed corporation, in exchange for 140 shares of its common stock having a FMV of $70,000. Blackacre had a basis in Brown's hands of $10,000. At the...
How are the three basic management functions interrelated?
How did the Sarbanes-Oxley Act attempt to reduce fraudulent reporting by addressing opportunity, incentives, and character?
M. Montiverde discusses Pressure dependence of the superconducting temperature of MgB 2 (Science, 2001, 292, 75). (a) Describe the bases of the two theories that have been postulated to explain the...
1. Mikeco wants to prevent an un-friendly take over and on 3/15/18 purchase 1,500,000 shares of its' common stock on the NYSE for $25 per share. The take over failed and on 8/23/18 Mikeco sold...
A ball of mass m = 1 kg is dropped from a height of h = 8 m meters (we neglect drag). On each rebound, energy is dissipated. As a consequence, it bounces 3/4 as high as its previous height. 1. What...
The state exam for a Florida Broker has 1 0 0 questions where 4 5 % are on: Principals, Practices, & Law Brokerage Business Closing Transactions Management of a Real Estate Office
Identify the type of question identified below: "My waitress was very prompt today. ( ) Strongly disagree ( ) Disagree ( ) Neutral ( ) Agree ( ) Strongly agree" Likert scale ranking scale...
Water Play Pty Ltd sells inflatable water toys and other pool play items. You have been asked to prepare budgets for the quarter ended 31 March 2023 for the business based on the following...
Give your own views on the controversial nature of management control. What do you see as the purposes of management control in work organisations?
A company pledges their receivables so they may Multiple Choice Charge a factoring fee. Increase sales. Recognize a sale. Collect a pledge fee. Borrow money. Failure by a promissory notes' maker to...
This case is a continuation of the Burburr Resorts & Hotels Corporation serial case that began in Chapter 1. The components of the Burburr serial case can be completed in any order. Burburr Resorts &...
For each of the following independent cases A through D, compute the missing values: Cost of Goods Manufactured BegInning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Sold...
Panderia Homes builds single-family homes near Santa Fe, New Mexico. The company prides itself on designing beautiful homes that are built in ways that reduce environmental impact and provide energy...
The following information was obtained from the records of Appleton Corporation during 2016. Manufacturing Overhead was applied at a rate of 125 percent of direct labor dollars. Beginning value of...
Before you begin your website, go online and research what you consider best practices in web design. Find websites for three businesses similar to yours. Analyze them by considering the following:...
Assume that part of accounts and other receivables on Thompson Toys' February 2 , 2 0 1 0 , balance sheet is comprised of $ 4 3 , 2 2 5 , 0 0 0 of notes receivable. Two notes make up the amount. The...
The Dairy Division of Famous Foods, Inc. produces and sells milk to outside customers. The operation has the capacity to produce 200,000 gallons of milk a year. Last year's operating results were as...

How did the Sarbanes-Oxley Act affect managers responsibility for creating and maintaining an ethical business and reporting

Question:

Step by Step Answer:

The SarbanesOxley Act increased managers responsibili...View the full answer

Managerial Accounting

Students also viewed these Managerial Accounting questions