Question: 1. What is the difference between data and information? Give an example each of accounting data and accounting information. 2. How do the major provisions

1. What is the difference between data and information? Give an example each of accounting data and accounting information. 2. How do the major provisions of the Sarbanes-Oxley Act affect a public company's audit procedures? 3. What is the difference between a balance sheet and an income statement? 4. What are the benefits of comparing a firm's current financial information with information for previous accounting periods, with industry averages, and with financial information for competitors

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