FREE Trial
This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!

Analyze the changes made to corporate governance rules since the implementation of the SarbanesOxley Act of 2002. Based on your analysis, formulate an opinion on whether or not these changes are sufficient in preventing financial fraud. Provide a rationale for

Analyze the changes made to corporate governance rules since the implementation of the Sarbanes–Oxley Act of 2002. Based on your analysis, formulate an opinion on whether or not these changes are sufficient in preventing financial fraud. Provide a rationale for your response. Debate it! Audit committees are an effective tool for detecting and preventing fraud. Provide a rationale for your response.

  • Expert Answer

SarbanesOxley Act of 2002 covers following major points Establishing the Public Company Accounting Oversight Board to provide independent oversight of public accounting firms providing audit services View the full answer


answer-question
Related Book For  answer-question
Business Essentials

Business Essentials

ISBN: 978-0133771558

10th edition

Authors: Ronald J. Ebert, Ricky W. Griffin

See More Books
Post a Question and Get Help

Cannot find your solution?

Post a FREE question now and get an answer within minutes*.

*Average response time.
Posted Date: January 31, 2019 10:37:23
See More Questions

Students also viewed these accounting questions

Q:
Based on your analysis in question C.8, propose one measure to improve the companys responsible human resources activities. Send your proposal to the contact mail address mentioned in the report.
A:
Askingstudentsto write a real live message to an HR manager in a company may produce anxiety Encoura......
Q:
Based on your analysis in the previous problem, determine whether the following allene is expected to be chiral: Me , Me, c=c=c Me
A:
This......
Q:
Based on your analysis and assessment of Nucor's situation, what issues does Nucor management need to address?
A:
We think it is always wise to push the class to sum up its analysis and assessment of a companys situation by identifying and precisely stating what i......
Q:
A drillstring is composed of 9,000 ft of 5-in. 19.5-lbm/ft drillpipe and 1.000 ft of drill collars having a 3.0-in. ID. Compute these items: a) (5 pts) Capacity of the drillpipe in barrels. b) (5...
A:
Click to View...
Q:
The Cooper Electronics Company has developed the following schedule of potential investment projects that may be undertaken during the next six months: a. If Cooper requires a minimum rate of return...
A:
a Projects AB DE and G should be adopted because they o......
Q:
A table saw costs $175 at a local store. You may either pay cash for it or pay $35 now and $12.64 a month for 12 months beginning 30 days hence. If you choose the time payment plan, what nominal...
A:
175 35 1264 PA i 12 PA......
Q:
The surfaces of a two-surface enclosure exchange heat with one another by thermal radiation. Surface 1 has a temperature of 400 K, an area of 0.2 m 2 , and a total emissivity of 0.4. Surface 2 is...
A:
Click to View...
Q:
Davenport Corporation is preparing its operating expenses budget. The budgeted unit sales for the upcoming quarter are as follows: The company's variable operating expenses are $ 6.00 per unit. Fixed...
A:
Davenport Corporation Operating Expenses Budget For the Months of July through Septembe......
Q:
Evaluate the various capital budgeting methods. If the net present value is the best criterion, why is it that about 25% of CFOs do not use it and that more than half of them still rely on the...
A:
Capital budgeting methods are used to evaluate potential investment projects and determine whether they are financially viable Heres an evaluation of......
Q:
Kentucky Hardware Company (KHC) is considering an investment project that requires a new machine for $2,450,000. This new machine will be depreciated over 10 years on a straight-line basis toward a...
A:
d 2470000 cost of new machine 2450000 useful life 10 ye......
Q:
George and Morris formed a new partnership three years ago. At inception George contributed equipment with a basis of $97,000 and FMV of $101,000. This year (three years later), the equipment is...
A:
The basis of property received by a partner in a distribution from a......
Q:
Assume the periodic inventory system is used. Determine the cost assigned to ending inventory and to cost of goods sold using ( a ) specific identification, ( b ) weighted average, ( c ) FIFO, and (...
A:
To determine the cost assigned to ending inventory and cost of goods sold using specific identification weighted average FIFO and LIFO well calculate......
Q:
Mike has a 2000 USD, he decides to invest some of it in US bonds. Mike lives in the US, the starting point is year 0. The real interest rate is estimated to be 2% at year 0. Some financial experts...
A:
To calculate the variable coupon rates from year 0 to year 5 for the bond we need to adjust the coupon rate proportionally based on the changes in the......
Q:
You are asked to develop a Floppy Disk program that allows users to access a floppy disk locally mounted on a computer. You are expected to use C programming language. In your program, all file I/O...
A:
Developing a Floppy Disk program in C for Linux is a substantial project that involves multiple components and requires careful design and implementat......
Q:
Metals Limited manufactures reinforcement products used in West Midlands Province's civil construction industry. Trust Metals currently sell all its products in its factory shop. Its preliminary...
A:
a The revised budgeted statement of comprehensive income and statement of net assets employed incorporating the results of the proposal is shown below......
Q:
Createa new column, called "IsFemale". This column should include a 1 if the hummingbird that made the visit is female, or 0 if the hummingbird is male. #Replace with code to create new column called...
A:
Code to create a new column called Is......
Q:
Quin Co. is a large public food retailer, listed on the TSX, with over 1,500 stores operating across Canada. Sears & Tilly CPAs (S&T) has performed the yearly audit of Quin for the past 10 years....
A:
Memo To Jason CFO of Quin Co From Your Name Date Date Subject Review of Interim Financial Statements vs Annual Financial Statement Audit Dear Jason I hope this memo finds you well I wanted to provide......
Q:
Is it ethical to provide safety training in English to immigrant workers who speak little English, in order to reduce costs?
A:
It is not ethical to provide safety training in English to immigrant workers who speak little Englis......
Q:
A local restaurateur who had been running a profitable business for many years recently purchased a three-way liquor license. This license gives the owner the legal right to sell beer, wine, and...
A:
Had she not spent the 6000 on advertising but instead collected the 65000 refund her total......
Q:
Heinz Ketchup holds 54 percent of the ketchup market in the United States. Nine of every 10 restaurants feature Heinz ketchup. However, Heinz has learned that many restaurant owners are simply...
A:
Using the Heinz name for offbrand ketchup gives a false impres......
Q:
A local restaurateur who had been running a profitable business for many years recently purchased a three-way liquor license. This license gives the owner the legal right to sell beer, wine, and...
A:
Had she not spent the 8000 on advertising but instead collected the 75000 refund her total......
Q:
Select the best answer. 1. A local chapter of the Society for Protection of the Environment beneted from the voluntary services of two attorneys. One served as a member of the Society's board of...
A:
1 b 2 a 3......
Q:
For each function, determine whether it is one-to-one, and if the function is one-to-one, find a formula for its inverse. a. f (x) = - 2 / x b. f (x) = 3 + x2
A:
a Replace fx with y y 2 x Interchange x and y x 2 y Solve for y x......
Q:
(a) A wire that is 1.50 m long at 20.0C is found to increase in length by 1.90 cm when warmed to 420.0C. Compute its average coefficient of linear expansion for this temperature range. (b) The wire...
A:
IDENTIFY and SET UP For part a apply Eq176 to the li......
Q:
Consider the two-dimensional wye of Fig. P1527. Dimensions are in meters, and the drawing is not to scale. Incompressible flow enters from the left, and splits into two parts. Generate three coarse...
A:
Click to View...
Q:
The Atlantic Refinery Corporation ( ARC) is a public company headquartered in St. Johns, Newfoundland. On 31 December 20X5, the post- closing trial balance included the following accounts ( in...
A:
Atlantic Refinery Corporation Statement of Changes in Equity Year Ended 31 December 20X6......
Q:
Discusses hospital mergers and the ramifications. Here is a press release announcing a merger: https://www.nyp.org/news/NY-Downtown-Hospital-Merges-with-NYP-Hospital What is your opinion on hospital...
A:
Hospital mergers are the consolidation of two or more hospitals into a single organization They have become increasingly common in recent years as hospitals seek to reduce costs and improve efficiency......
Q:
While James Craig and his former classmate Paul Dolittle both studied accounting at school, they ended up pursuing careers in professional cake decorating. Their company, Good to Eat (GTE),...
A:
a GTEs business income is 85000 computed as follows Description Amount Sales Revenue 450000 Cost of goods sold 210000 Compensation of officers 60000 Other compensation 40000 Rent expense 15000 Adverti......
Q:
In Brene Brown's Vulnerability TED Talk, she highlighted that we must embrace authentic love. A. B. shame. C. guilt D. health Vulnerability in order to experience deep connection and
A:
A Vulnerability In Brene Browns vulnerability TED tal......
Q:
Which best describes the difference between general and joboverhead costs? General overhead costs that are incurred regardless of whether aproject is being executed. These are the costs associated...
A:
your answer is General overhead costs that are incurred regardles......
Q:
Brian Vanecek, VP of Operations at Portland Trust Bank, is evaluating the service level provided to walk-in customers. Accordingly, his staff recorded the waiting times for 45 randomly selected...
A:
Answer is a s......
Q:
Q(01)- Prove that fff doc dy dz the integral being extended to all peoltive values of the variables for which the expression is oreal. e
A:
The detailed......
Q:
QUESTION XYZ Company's financial year ended on December 31, 2022. The following transactions are related to the company's accounts receivable and allowance for uncollectible accounts: 1. On February...
A:
The detailed......
Q:
Question - Let x be an inner product space and T:X-X be a non expansive mapping. Then ((1-7)x- (I-T)y, x-y) 2 / 11 (I-T) X-(I-T) Y|1 for all x, yEx.
A:
The detailed......
Q:
(Q). Write a short note on Bus Topology.
A:
The detailed......
Q:
(Q) Write a short note on PAN.
A:
The detailed......
Q:
A pressurised air tank supplies compressed air to an air engine. When the air engine is not running the absolute pressure in the tank is 300 bar and the temperature of the air is 60C. Typical gas...
A:
Click to View...
Q:
The diameter of a sphere is 18 in. Find the largest volume of regular pyramid of altitude 15 in. that can be cut from the sphere if the pyramid is (a) square, (b) pentagonal, (c) hexagonal, and (d)...
A:
The detailed......
Q:
With a neat diagram explain the working of a universal motor. Also draw its torque-speed characteristics when it is fed from both ac & dc sources.
A:
The detailed......
Q:
Describe the construction of a barometer.
A:
See Fig 315 and S......
Q:
Describe the construction of hystersis motor and show that it builds a running torque both at synchronous and asynchronous speed of the rotor.
A:
The detailed......
Q:
1. What trade- offs are involved in deciding to have a single large, centrally located facility instead of several smaller, dispersed facilities? 2. Who needs to be involved in facility location...
A:
1 Due to economies of scale the centrally located large facility will be more efficient The scheduli......
Q:
Compare the premiums for a 20-year level term policy for $500,000 for a 60-year-old male to the same policy for a 60-year-old female. Both use tobacco.
A:
Male 500000 1000 2914 145......
Q:
Electronic Enterprises (EE) experienced eight accounting events during Year 6. These events affected EEs financial statements as shown in the following horizontal financial statements model: Required...
A:
Event No Description 4 Earned cash revenue 3 Incurred......
Q:
The form completed by casual employees to claim overtime requires a signature from the supervisor before payroll will process the claim. Is this a prevent or detect control? Explain.
A:
Click to View...
Q:
Non-financial measures of quality and time. Worldwide Cell Phones (WCP) has developed a cell phone that can be used anywhere in the world (even countries like Japan that have a relatively unique cell...
A:
Nonfinancial measures of quality and time 1 2 Quality has by and large improved The percentage of defects has decreased by 1 and the number of custome......
Q:
Bill and Morris are partners conducting an operation. Their share of earnings would be 50 percent to each partner after allowing, salary. the receipts were, 98000, fully franked dividend 7000,...
A:
To calculate Bill and Morriss net income and profit distribution we need to start with the receipts......
Q:
Deepa Dalal opened a free-standing radiology clinic. She had anticipated that the costs for the radiological tests would be primarily fixed, but she found that costs increased with the number of...
A:
1 Scattergraph Yes there appears to be a linear relationship 2 Low 2600 135060 High 4100 195510......
Q:
Give the lay-out of a typical thermal-power plant and briefly explain the working of the super heater and the condenser.
A:
The detailed......
Q:
(a) (b) c) What are the criteria for the classification of transmission lines as short, medium and long lines? (8) Draw the schematic diagram of a directional overcurrent relay and explain its...
A:
The detailed......
Q:
1. Afterward, what is the charge of A? 2. Afterward, what is the charge of B? Two identical metal spheres A and B are connected by a plastic rod. Both are initially neutral. 5.0x1012 electrons are...
A:
Answer Sol Given CD 12 Electrons added N 50010 charge......
Q:
Account planners help to ensure that the research processhas reaped the proper information for the creatives. The importance of account planningnamely the gathering of research and the formulation of...
A:
a Intended Audience The intended audience of the APG website typically includes advertising and marketing professionals particularly account planners......
Q:
Go to kdnuggets.com. Explore the sections on applications as well as software. Find names of at least three additional packages for Web mining and social media analytics.
A:
Here are three additional packages for Web mining and social media analytics Orange is a free and op......
Q:
Silver-maned Armand LeMouche, state senator for your district for 30 years, passed away recently, and his appointed replacement, Millard Frumpe, lacks a solid political base. Sally Daily, a self-made...
A:
Sally Daily can utilize various online resources to conduct research and gather valuable insights to determine the feasibility of her campaign and dev......
Q:
Some of the most targeted communications are those of direct marketing: marketing targeted directly to a specific target audience. Unlike traditional or mass advertising the desire for direct...
A:
Creating a marketing tactical plan for direct marketing executions involves identifying the accompanying mass media support elements that will enhance the overall marketing campaign Heres a stepbystep......
Q:
Refer to the Chapter Opener on the HDFC Banks Cash Flows Statement. Briefly comment on the stated facts therein. How do you rationalize on the queries raised? How would that augur for the future of...
A:
Borrowing Despite Profit Its unusual for a profitable company to need to borrow funds Profitable companies typically generate positive cash flows from......
Q:
(1) Find the ordinary and singular points of the differential equation y+5xy'+xxy=0 and %3D then check the regularity of singular points. (4)
A:
Click to View...
Q:
Perform the operation by first converting the numerator and denominator to scientific notation. Write the answer in scientific notation. 7,200,00/0.000009
A:
72 x 10 6......
Finance 1st Edition - ISBN: 0470007206 - Free Book