Required a. Explain what the acronym SOX refers to. b. Define the acronym COSO and explain how
Question:
Required
a. Explain what the acronym SOX refers to.
b. Define the acronym COSO and explain how it relates to SOX.
c. Name and briefly define the five components of COSO’s internal control framework.
d. Define the acronym ERM and explain how it relates to COSO’s internal co n trol framework.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (19 reviews)
a SOX refer to the SarbanesOxley Act of 2002 b COSO stand for The Committee of Sponsoring Organizati...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
Question Posted:
Students also viewed these Cost Accounting questions
-
Name and briefly define the five components of COSOs internal control framework.
-
Briefly describe the five components of an accounting information system.
-
Describe the GRANT statement and explain how it relates to security. What types of privileges may be granted? How are they revoked?
-
For the following exercises, use shells to find the volume generated by rotating the regions between the given curve and y = 0 around the x-axis. 130. y = 1-x,x = 0, and x = 1 131. y = x, x = 0, and...
-
Winston-Salems general hospital has an emergency room that is divided into six departments: (1) the initial exam station, to treat minor problems and make diagnoses; (2) an x-ray department; (3) an...
-
Prove that if a and b are any positive integers such that a | b, then (x mod b) mod a = x mod a for any x. Prove, under the same assumptions, that x = y (mod b) implies x = y (mod a) for any integers...
-
In Example 22.5, derive Eqs. (22.9)-(22.11). Data From Example 22.5:- Equation 22.9 and 22.11:- Figure 22.8 shows an isothermal batch reactor in which the irreversible reactions A B C take place with...
-
Indicate the objective of the following questions, which are abstracted from an EDP internal control questionnaire. What error or weakness might exist if the answer to a specific question is No? a....
-
Matrix a is given by [ 1 1 - 7 - 6 ] find the inverse
-
(Disney) is a diversified international entertainment company with operations in three business segments. Revenue and operating income data for the three segments are shown below. The profitability...
-
Austin Co. established a petty cash fund by issuing a check for $300 and appointing Steve Mack as petty cash custodian. Mack had vouchers for the following petty cash payments during the month:...
-
As of May 31, 2016, the bank statement showed an ending balance of $26,100. The unadjusted Cash account balance was $27,350. The following information is available: 1. Deposit in transit, $6,981. 2....
-
A child goes down a playground slide that is inclined at an angle of 26.5 below the horizontal. Find the acceleration of the child given that the coefficient of kinetic friction between the child and...
-
Assume a positively sloped, short-run supply curve in Figure 19.3 and a constant $5 per unit marginal external benefi t. Show what happens with a $5 subsidy given to producers. Who gains the benefi...
-
Do the signifi cant correlations between S and per capita mortality rates prove the Social Capital and Health Hypothesis? Why or why not?
-
What is needed to find shear strain in a rock?
-
Suppose that the price of health care services rises and the quantity demanded falls. Under what conditions might the health care share of GDP fall? Rise?
-
In Figure 18.7, which depicts the utility-possibility frontier, would society ever choose an ineffi cient point (inside UU ) as the optimal point? Belinda's utility UB U UB W' min 0 UA min B W' UA U...
-
A marathon distance race covers a distance of 42.195 km. What is this distance in meters? In miles?
-
Accounting policies and practices that are most important to the portrayal of the companys financial condition and results, and require managements most difficult, subjective, or complex judgments...
-
What kind of debt is rescheduled in a Paris Club arrangement? Why is an IMF standby loan agreement required before a Paris Club meeting?
-
The Huffman School of Vocational Technology has organized the school training programs into three departments. Each department provides training in a different area as follows: nursing assistant,...
-
Eagle Airlines is a small airline that occasionally carries overload shipments for the overnight delivery company Never-Fail, Inc. Never-Fail is a multimillion-dollar company started by Wes Never...
-
Eagle Airlines is a small airline that occasionally carries overload shipments for the overnight delivery company Never-Fail, Inc. Never-Fail is a multimillion-dollar company started by Wes Never...
-
Mrs. Sam Taffer was a brilliant engineer at IBM and made a lot of money from stock options. Since then, she has worked as a musician and raised her two sons. She wishes to have most of her property...
-
Miller Company ended its fiscal year on June 30, 2017. The company's adjusted trial balance as of the end of its fiscal year is shown below. MILLER COMPANY Adjusted Trial Balance June 30, 2017...
-
What depreciation method is used to write off property, plant and equipment? Regarding the triple bottom line, what information did the company disclose about environmental matters in the reports?...
Study smarter with the SolutionInn App