How has the Sarbanes-Oxley Act changed Public Accounting? Cite examples.

Q: What is the role of the Public Company Accounting Oversight Board?

A:

Q: ation differ

A: Accounting: It is the process of recording any financial transactions incurred in the financial year…

Q: Why there is branches of accounting

A: Accounting is the procedure of analyzing, recording, classifying, and summarizing the accounting…

Q: Explain voluntary changes in accounting principle.

A: An accounting principle is a general guideline to follow when recording and reporting financial…

Q: Look at the origins and purposes of accounting and discuss how our society's development has been…

A: Accounting can be defined as the systematic process of identifying, measuring, recording, analyzing,…

Q: What databases are appropriate for government accounting?

A: The term "Government Accounting" refers to recording & analyzing all income , expenses &…

Q: How are changes in accounting policies accounted for and disclosed?

A: Accounting policy: These are basically the rules, conventions and principles that are applied by the…

Q: How do the different schools of accounting thought, such as the normative, positive, and critical…

A: The function of accounting is to provide financial information about an organization's activities to…

Q: What is the origin of the term "double accounting systems" for certain types of accounting?

A: This subject discusses the origins of the phrase "double accounting systems" for specific forms of…

Q: What are the accounting and disclosure procedures for accounting policy changes

A: The accounting and disclosure procedures for accounting policy changes will be explained :

Q: Which factor explaining why accounting practices differ across countries do you think is most…

A: Seven factors for difference in accounting practices across countries 1.Legal system (a) Common law…

Q: How do accounting and business administration differ?

A: The term Business Administration has a wider scope than Accounting. A few of them are outlined…

Q: Why is accounting said to be ‘political’ in nature? How can a conceptual framework help in the…

A: The concept of accounting was developed to record the economic transactions of the business…

Q: what are disadvantages of national or international accounting uniformity?

A: National or International accounting uniformity means same accounting standards and accounting…

Q: why are current liabilites important in accounting

A: Current liabilities are important in accounting because they represent the obligations that an…

Q: What are the Universal Standards in Accounting?

A: Universal standard of accounting is also known as International standard of accounting. The…

Q: In terms of Accounting Theory: Part A - What are the symptoms of a regulatory system being public,…

A: Here discuss about the theories which are involved for public interest theory, regulatory capture…

Q: Reasons why accounting is social science

A: Accounting The process under transactions that are financial in nature are recorded, analyzed, and…

Q: Explain the purpose of the Public Company Accounting Oversight Board.

A: Auditing:   In auditing, auditors verify the correctness and fair presentation of financial…

Q: Why does The conceptual framework has been described as an “Accounting Constitution”?

A: The conceptual framework sets the boundary within which financial accounting and reporting takes…

Q: Briefly expalin what is government accounting and what are some good features on government…

A: The accounting sector includes several subfields. Public accounting is one of its components.…

Q: Explain in brief the problems caused by accounting diversity.

A: Accounting diversity refers to differences in accounting practices followed across different…

Q: regulation around accounting and financial statement preparation

A: An accounting standard is actually a set of principles, procedures, and standards that determine the…

Q: What is the indirect effect of a change in accounting policy? Briefly describe the approach to…

A: Here is the answer :

Q: What is the SEC’s relationship to the Public Company Accounting Oversight Board?

A: The Sarbanes-Oxley Act created the Public Company Accounting Oversight Board to supervise the…

Q: What is GASB, Government Accounting Standards Board ?

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: What are the salient features and changes in the Government Accounting Manual? What problems or…

A: Government accounting manual shows and presents the guidelines and basic accounting policies and…

Q: Should politics play a major role in developing accounting standards?

A: Accounting standards provides the detailed introduction and rules, which one have to follow so that…

Q: How did the Sarbanes–Oxley Act impact corporations’ financial reports?

A: The sarbanes Oxley act had a significant impact on the corporate governance of the us corporations,…