Private companies are not under Sarbanes-Oxley. Why do some private companies follow the law?

Question:

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

Step by Step Answer:

Related Book For book-img-for-question

Financial Reporting and Analysis Using Financial Accounting Information

ISBN: 978-1439080603

12th Edition

Authors: Charles H Gibson

See More Books

Question Posted: Jun 22, 2012 08:53 AM

See More Questions

Sarbanes Oxley SOX demands that companies safeguard inventory and properly report it List methods that companies should use to safeguard inventory and accounting procedures that should be used to...
Do public and private companies follow the same set of accounting rules? Explain.
. What is the output of the following program? Write your answer in the box below. #include using namespace std; int main() { int a=4; int b=6; int i; int j; } int** k; i = &a; j = &b; *j = 8; if...
At December 31, 2014, Oteron Company's noncurrent operating asset and accumulated depreciation and amortization accounts had balances as follows: Depreciation is computed to the nearest month. The...
The balance sheet for Schultz Bone Company at December 31, 2009 had the following account balances: Total current liabilities (non-interest-bearing) .........$450,000 Bonds payable, 6% (issued in...
Consider the output of a regression using one explanatory variable on $n=3$ observations. The residuals and leverages are: Compute the PRESS statistic. i 1 2 3 Residuals ei Leverages hi 3.181...
Procter Company owns 90% of the outstanding stock of Silex Company. On January 1, 2011, Silex Company sold land to Procter Company for $350,000. Silex had originally purchased the land on June 30,...
s Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Required: 1. Compute the plantwide predetermined...
Complete Form SS-4 for TCLH Industries. The company was formed on December 1, 2019, as a corporation (which files Form 1120S and was incorporated in North Carolina) by Michael Sierra (CEO; SSN 232-...
Why is the COSO report on internal control systems important under requirements of the Sarbanes-Oxley Act?
Indicate the two approaches to presenting consolidated statements.
Keynesian economists were fine-tuning the econ omy during the 1960s but found their policies ineffectual in the 1970s. Why?
Suppose you are interested in purchasing AT&T stock. You know that AT&T stock has had an average rate of return of 8 % over the last 5 years. Explain how you could use descriptive statistics to help...
As controller of the Hamby Corporation, you are directed by the chairman of the board to investigate the problem of overspending by employees who have expense accounts. You ask the accounting...
A survey was conducted. Of 20 questionnaires that were sent, 12 were completed and returned. We know that 8 of the 20 questionnaires were sent to students and 12 to nonstudents. Only two of the...
In the game of roulette, a gambler who wins the bet receives $36 for every dollar she or he bet. A gambler who does not win receives nothing. If the gambler bets $1, what is the expected value of the...
A bullet manufacturer would like to keep the number of duds (bullets that wont fire) to a maximum of 2 per box of 100. Should inferential or descriptive statistics be used to decide this issue? Why?
Draw up a profit and loss appropriation account for the year ending 31 December 2013 and statement of financial position extract at that date, from the following: (i) Net profits 111,100. (ii)...
How is use of the word consistent helpful in fraud reports?
What are the new roles suggested for DMOs suggested by DestinationNEXT?
What is conservatism in accounting? What is an example of conservatism in accounting practice?
Identify the criteria that an item must meet to qualify for recognition.
Identify and describe five different measurement attributes.
You are asked to choose a Website/ Web app/ Mobile app from any e-service/e-commerce provider. Explore the Website/Web app/Mobile app and identify the strengths (Note: you may compare the features...
Calculate return on equity (ROE) and its components using basic DuPont analysis. What do these ratios tell you about the company's performance and profit drivers? How do these ratios compare to the...
At the beginning of the year, Beck Company had total assets of $325,000 and total stockholders' equity of $105,000. If total assets increased by $50,000 during the year and total liabilities...

Private companies are not under Sarbanes-Oxley. Why do some private companies follow the law?

Question:

Step by Step Answer:

Reasons why some private companies elect to follow the law follow 1 ...View the full answer

Financial Reporting and Analysis Using Financial Accounting Information

Students also viewed these Accounting questions