Section 404(a) of the Sarbanes-Oxley Act requires management to issue a report on internal control over financial

Question:

Section 404(a) of the Sarbanes-Oxley Act requires management to issue a report on internal control over financial reporting. Identify the specific Section 404(a) reporting requirements for management.

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

Step by Step Answer:

Related Book For book-img-for-question

Auditing and Assurance services an integrated approach

ISBN: 978-0132575959

14th Edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

See More Books

Question Posted: Oct 10, 2012 07:24 AM

See More Questions

Refer to Managements Report on Internal Control over Financial Reporting in Exhibit 3-7 for Goodyear Tire & Rubber Co. a. Describe the steps taken by management to assess the companys internal...
The auditor prepares a report on internal control over financial reporting. Required a. Is the auditor also required to audit the companys financial statements at the same time? Explain. b. Does an...
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...
In Exercises verify that the function satisfies the differential equation. Function y = 2 sin x + 3 Differential Equation y"+y = 3
A mouse is put into a maze of compartments, as in the diagram. Assume that he always leaves any compartment he enters and that he is equally likely to take any tunnel entry. (a) If he starts in...
What is the meaning of ordinary price in evaluating the promotion of goods?
Is the field line pattern created by a magnetic dipole the same as the field line pattern created by an electric dipole? Draw both field line patterns.
On January 1, 2011, Iniesta Animation sold a truck to Robben Finance for 33,000 and immediately leased it back. The truck was carried on Iniestas books at 28,000. The term of the lease is 5 years,...
(d) For the following Boolean expression, give: i. The truth table F(a, b, c, d) = ( + b.d).(c.b.a. + .d) ii. The Karnaugh map iii. The minimal sum of products expression
Melcher Enterprises is a wholesaler that purchases consumer merchandise from many different suppliers. Melcher then sells this merchandise to many different retail chain stores. The following...
Describe which of the three categories of broad objectives for internal controls are considered by the auditor in an audit of both the financial statements and internal control over financial...
What two aspects of internal control must management assess when reporting on internal control to comply with Section 404 of the Sarbanes-Oxley Act?
What amount paid on September 24 is equivalent to $1000 paid on the following December 1 if money can earn 3%?
What are the challenges facing the field of Human Resource Development (HRD)?
A car travels at a steady 31.6 m/s around a horizontal (unbanked) curve of radius 154 m. What minimum coefficient of static friction between the road and the car's tires is required to safely...
Explain the differences between the types of training and how this affects planning
What are some of the KPIs that a business needs to focus on when evaluating a content strategy? Explain.
When pricing jobs (Job Evaluation Methods) describe the three methods. In your opinion, which method best promotes equity and fairness? Please explain.
Let N k be the number of independent trials we need to get k successes when success has probability p. Find the mean and variance of N k .
Saccharin is an artificial sweetener that is used in diet beverages. In order for it to be metabolized by the body, it must pass into cells. Below are shown the two forms of saccharin. Saccharin has...
What do you need to do to self-regulate?
Who owns the audit files? When can they be used by other people?
Distinguish among the following types of current-period supporting schedules and state the purpose of each: analysis, trial balance, and substantive analytical procedures.
The following questions concern the use of analytical procedures during an audit. Select the best response. a. For all audits of financial statements made in accordance with auditing standards, the...
1. (3.5 pts) An infinite slab of charge is parallel to the x-y plane. It has a thickness 2d and a charge density of p(z) = -Po (1 - 22), where po > 0 and z = 0 is the center of the slab. a. Find the...
What's the return value of following method if it is called with an input n = 9? public static int mystery (int n) { } 4 if (n < 1) return 0; else if (n % 2 == 1) else return mystery(n-1); return 1+...
Two parallel plates are set up with one 1.80 m above the other. The bottom plate has an electric potential of zero and the top has an electric potential of 3.37x106 V. A charged ball of mass 0.800 g...

Section 404(a) of the Sarbanes-Oxley Act requires management to issue a report on internal control over financial

Question:

Step by Step Answer:

Section 404a requires management of all public companies to issue an internal control ...View the full answer

Auditing and Assurance services an integrated approach

Students also viewed these Auditing questions