Understand what the Sarbanes-Oxley Act is and why it's important. 2. Understand what a bank statement is 3. Know and understand the various debit memos and credit memos and be capable of updating company records due to specific debit or credit memos 4. Know what a bank reconciliation is, be capable of doing one, and know why it's important

Answer rating: 100% (QA)

1 SarbanesOxley Act SOX The SarbanesOxley Act also known as SOX is a US federal law passed in 2002 in response to corporate accounting scandals such a... View the full answer