Question: Section 404 of the Sarbanes Oxley Act requires companies to perform
Section 404 of the Sarbanes-Oxley Act requires companies to perform self-assessments of risks for business processes that affect financial reporting. What are some business processes that could result in risks affecting financial reporting?
Relevant QuestionsList and explain the most important skills required of forensic accountants.Whom should you call first if you suspect fraud in your company, your forensic accounting firm, or your external audit firm? Why?Discuss the importance of jury instructions.Review each of the following amendments (the Bill of Rights) to the U.S. Constitution. Evaluate each amendment and explain how its provisions would affect both a prosecutor and a defense attorney. In assessing risks, is it important to quantify possible losses in monetary terms? Why or why not?
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