SOX requires companies to use COSO or COSO ERM as the framework in evaluating internal controls. a.
Question:
SOX requires companies to use COSO or COSO ERM as the framework in evaluating internal controls.
a. True
b. False
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
a True SOX SarbanesOxley Act requires companies to use the COSO ...View the full answer
Answered By
Ajeet Singh
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life.
I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge.
I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields.
Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a teacher. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
4.90+
7+ Reviews
15+ Question Solved
Related Book For
Accounting Information Systems
ISBN: 9781266370373
4th Edition
Authors: Vernon Richardson, Chengyee Chang, Rod Smith
Question Posted:
Students also viewed these Business questions
-
If stock prices follow a random walk then capital markets are little different from a casino. Explain. True or False: Given the fact that a large portion of a companys future prospects are...
-
1. Find and write articles about the implementation of Supply Chain Management (SCM), then identify the activities and business processes that take place in them!
-
Jensen Company has the following information for the pay period of January 15 - 31, 20xx. Gross payroll $10,000 Federal income tax withheld $1,500 Social security rate 6% Federal unemployment tax...
-
Explain how banks become exposed to exchange rate risk.
-
Accounts Receivable Homework 1. Carter Company Began Business on January 1, 2024. Record the three entries to account for the uncollectible Accounts Receivable. 12-31-24: Charter Company has credit...
-
Consider laminar boundary layer flow over a flat plate. For identical flow conditions, determine the entries not shown in the table below, using the fact that \(\delta / \delta_{t}=P r^{n}\). The...
-
The wall of a drying oven is constructed by sandwiching an insulation material of thermal conductivity k = 0.05 W/m K between thin metal sheets. The oven air is at T ,i = 300C, and the corresponding...
-
Woolard Supplies (a sole proprietorship) has taxable income in 2020 of $240,000 before any depreciation deductions (179, bonus, or MACRS) and placed some office furniture into service during the...
-
Controls that are designed to prevent, detect, or correct errors in transactions as they are processed through a specific subsystem are referred to as a. general controls. b. application controls. c....
-
Based on SOX, which of the following sections is about assessing internal controls? a. 302 b. 401 c. 404 d. 906
-
There was a lengthy debate about whether to include a public option in health reform. A public option is some type of government-run health plan that would be available to compete with private plans....
-
Financing cash flow is: a. $8. b. ($8). c. $4. d. ($4). Net income: Depreciation/amortization: Repurchase of outstanding common stock: Issuance of new debt: Sale of property: Purchase of equipment:...
-
Assume you are designing a retail point-of-sale (POS) system for your company, What are the typical system interfaces of it point-of-sale system that need to be taken into account in designing the...
-
Would you expect a shift in supply to have a greater effect on equilibrium quantity in the short run or in the long run? Explain your answer.
-
At times, an organization may choose to purchase a commercial off-the-shelf (COIS) software package. What do you think are the pros and cons of using off-the-shelf applications compared to custom...
-
The framework for information systems architecture used in this textbook is derived from the pioneering framework developed by John Zachman. What is one of the advantages of designing systems based...
-
The Alaska Pipeline carries 2 million barrels per day of crude oil from Prudhoe Bay to Valdez covering a distance of 800 miles. The pipe diameter is 48 in. and it is insulated with 4 in. of...
-
Graph the following conic sections, labeling vertices, foci, directrices, and asymptotes (if they exist). Give the eccentricity of the curve. Use a graphing utility to check your work. 10 5 + 2 cos 0
-
A purchasing department received the following e-mail. Dear Accounts Payable Clerk, You can purchase everything you need onlineincluding peace of mindwhen you shop using Random Account Numbers (RAN)....
-
Match the Internet-related computer fraud and abuse technique in the left column with the scenario in the right column. Terms on the left may be used once, more than once, or not atall. 1. Adware a....
-
Match the Internet-related computer fraud and abuse technique in the left column with the scenario in the right column. Terms on the left may be used once, more than once, or not atall. 1. Adware a....
-
Comparative figures for Apple and Google follow. $ millions Current Year Apple One Year Prior Google Inventory Cost of sales $ 4,855 141,048 $ 2,132 131,376 Two Years Prior $ 2,349 140,089 Current...
-
1 Beginning inventory Mar. 5 Purchase Units Acquired at Cost 145 units @ $80 per unit 445 units @ $85 per unit Warnerwoods Company uses a periodic inventory system. It entered into the following...
-
Bailey's materials quantity variance for the current month was exactly one-half of its materials price variance. Both variances were unfavorable. The company's cost accountant has supplied the...
Study smarter with the SolutionInn App