• ACC 290 Week 5 Learning Team Reflection Summary
    , how has the Sarbanes-Oxley Act (SOX) of 2002 affected the practice of accounting? What is the role of internal controls in complying with SOX (2002)? Write a 350 to 500 word summary of your Learning Team’s discussion. ACC 290 Week 5 Learning Team Reflection Summary http://homeworklance.com...
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  • ACC 290 Complete Class Work
    , how has the Sarbanes-Oxley Act (SOX) of 2002 affected the practice of accounting? What is the role of internal controls in complying with SOX (2002)? Write a 350 to 500 word summary of your Learning Team’s discussion. ACC 290 Week 5 Learning Team Reflection Summary http://homeworklance.com...
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  • Finance
    , and asset management services to clients in more than 50 countries. Because its shares are traded on the New York Stock Exchange, the company had to comply with regulations specifying internal controls introduced by the U.S. Securities and Exchange Commission (SEC) Sarbanes-Oxley Act of 2002 (SOX...
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  • Corporate Governance - Cost Benefit Analysis of Sarbanes Oxley
    complying with section 404. The first year costs were high and future year’s costs of maintenance will be less than costs incurred in initially complying with SOX. Initial year costs are impacted by lack of documentation; deferred maintenance catch-up of internal controls, large number of control...
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  • Acc 544 Week 1
    , companies are under increased government regulation to validate their internal processes and controls. All of this activity needs a point person. That point person is the internal auditor. The purpose of this brief is to define the role of the internal auditor. Why the role is necessary and to recommend a...
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  • Corporate Compliance Benchmarking Paper
    catalysts for legislative change— in the form of the Sarbanes-Oxley Act of 2002(SOX) — and regulatory change, including new governance guidelines from the NYSE and NASDAQ. The move toward shareholder value and increased capital market influence has also been apparent in the way corporations have...
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  • corporate and business law
    financial reports and disclosures. An internal control system is what will reduce the likelihood of non compliance and alert the company to breaches, failures, or weaknesses in the system that must occur. The section 404 is the cornerstone of the section 4 and demands that each annual report...
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  • Generally Accepted Auditing Standards Paper
    Assurance to monitor calls. The accounting process of the company is to be fully aware of practices and laws such as the Sarbanes-Oxley Act of 2002 (SOX) and the Public Company Accounting Oversight Board (PCAOB). The Generally Accepted Auditing Standards are standards that were created in order...
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  • Sarbane-Oxley Act of 2002
    -Oxley Act of 2002? 3 Why was SOX established? 4 When did SOX take effect? 5 What companies were affected and how? 6 What does SOX compliance require? 9 Conclusion 11 References 13 What is the Sarbanes-Oxley Act of 2002? The Sarbanes-Oxley Act of 2002 – its official name being “Public Company...
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  • Public Policy and Sox
    setting set the agenda. Two congressmen, Paul Sarbanes (D-MD) and Mike Oxley (R-OH) each proposed separate legislation to solve the problem. The House of Representative and the Senate reconciled the differences between the two bills and it became the Sarbanes-Oxley Act of 2002 (SOX). This is...
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  • The Sarbanes-Oxley Act: Corporate America's Big Brother
    canal." Section 404 requires companies to include in their annual financial reports an "Internal Control Report" that states there is an adequate internal control structure along with an assessment by management as to the effectiveness of that control structure (SOX-101.com). To be compliant...
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  • Managerial Accounting
    web resources to provide examples of the significance of the cost of compliance. What types of costs did companies incur to comply? Did you find evidence of other companies experiencing significant costs savings after review their internal control systems as required by the act? Do you believe the...
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  • Sox vs the Brooke Corporation
    equation when complying in a big for-profit corporation. Ethical conduct may get lost in the midst of events such as a company’s hostile take-over and restructuring. I believe a separate Human resources department plays an integral role for internal control and employee representation...
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  • Ljb: the Journey to Going Public
    References8 Introduction In 2002 the Sarbanes-Oxley Act was passed which requires all publically held organizations, regardless of size, to comply with eleven titles of financial practices and corporate governances to maintain an adequate system of internal control. Of those eleven, there are...
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  • Sarbanes-Oxley Section Effect on Audit Fees
    large firms from March 31, 2001, followed by medium-sized firms from 2002 and small firms from 2005. See Table 1 for a detailed comparison of Clause 49 with SOX. Hence, Indian public companies were already complying with the Sox 404 requirements on management certifications of internal controls...
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  • Sarbes-Oxley Act
    Information Technology. SOX considers that a company's internal controls are related to the automated business management software and hardware platforms they operate on. Any reports created using such packages should assume information technology-related risks and controls. According to Protiviti...
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  • Sarbanes-Oxley
    the company and its consolidated subsidiaries is made known to such officers by others within those entities, particularly during the period in which the periodic reports are being prepared,” (SOX, 2002). The officers must “have evaluated the effectiveness of the company’s internal controls as of a...
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  • Reflection
    States Representative Michael G. Oxley. 1 point out of possible 1 point Role of Internal Controls in Complying with SOX The role of internal controls in complying with SOX is very focused in the financial technology and the objective to providing reliable financial information...
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  • Sarbanes-Oxley Section 404
    internal control and the consequences that SOX 404 has on company affairs and the changes it has necessitated is discussed. The accounting profession and practice is affected by the provisions of SOX 404 and the future responsibilities and requirements of auditors and the possible difficulties are...
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  • Generally Accepted Audting Standards Paper
    internal auditor a much bigger role to play if the company is going to follow new standards and regulations. The SOX created the Public Company Accounting Oversight Board (PCAOB) which has the duty to make sure that all public companies are registered correctly, following auditing standards. The...
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