What are the responsibilities of management described in Section 404 of the Sarbanes-Oxley Act?

Q: What responsibility would internal auditing go under? managerial accounting, tax accounting or…

A: There are different branch of accounting that help in the recording of transactions and analysis of…

Q: Is the agency problem an ethical issue or an Economic issue ?

A: The agency problem is a conflict of interest

Q: Which type of control is considered a compensating control? a. segregation of duties b. access…

A:

Q: What is management's responsibilities for reporting internal control under Section 404 Sarbanes…

A: Internal control is an important part of every organization. It helps in maintaining the efficiency…

Q: What is the managerial accountant’s primary objective in designing a responsibility-accounting…

A: Responsibility accounting: Responsibility refers to the several concepts and tools used by managers…

Q: Why is it important to distinguish between the performance of a manager and the performance of the…

A:

Q: In a broad sense, management accounting can best be defined within the accounting system as:

A: Management accounting: Management accounting or managerial accounting is internal reporting method…

Q: What is the difference between operating departments and service departments?

A: There are so many multinational corporations that manage difficult industries. Managing such…

Q: Describe the provisions of the Sarbanes–Oxley Act as they relate to the creation and…

A: The Sarbanes-Oxley Act is a federal law established to uphold and ensure strict auditing and…

Q: Explain the purpose and nature of, and the role of ethics in, managerial accounting.

A: Managerial accounting: Managerial accounting is a system, or a process of collecting and organizing,…

Q: conflicts that might exist in the relationship between’ i) Shareholder and managers

A: Agency relationships are relationships which exists between two parties. One party called as the…

Q: Which of the following is not part of the definition of internal control? Separation of duties…

A: Explanation:

Q: Which one of the following is NOT the main responsibility of Executive Directors in a company? a. To…

A: The question is multiple choice question. Which one of the following is NOT the main responsibility…

Q: What activities and responsibilities are not associated with management's functions? a. Planning b.…

A: Financial statements are statements which states the business activities performed by the company .…

Q: What are the ethical responsibilities ofmanagement accountants?

A:

Q: What standards do management accountants follow?

A: Managerial Accounting is different than the financial accounting. Managerial accounting is prepared…

Q: What term is used to describe broadly to the manner in which an organization is governed or managed…

A: Corporate governance refers to the set of rules, procedures, systems, processes designed for the…

Q: How do management accountants supportstrategic decisions?

A: Management Accounting: Management accounting is a branch of accounting that is aimed at providing…

Q: Describe the decision making process in management accounting.

A: The decision-making process includes a series of steps which are followed in making a decision for…

Q: What is an agency order?

A: Solution- Agency order An order to buy or sell that a broker executes with another investor. The…

Q: Describe the four organization objective categories in the internal control framework. How are they…

A: Internal control systems are the policies, procedures framed by the management of the Company to…

Q: Describe the agency problem in public companies

A: Definition:

Q: In a broad sense, management accounting can best be defined within the accounting system as A.…

A: The accounting is a process of analysing, recording the transactions and further preparing the…

Q: Explain how business ethics relate to internal control.

A: Internal control guarantees that management follows legal guidelines and sets the tone for the…

Q: definition of business ethics?

A: Answer: Concept: Business ethics is also known as professional ethics.

Q: What is management’s primary objective?

A: The primary objective of the management is Shareholders wealth maximization which is a long-term…

Q: What is an agency problem?

A: Agency problems also known as principal-agent problems  are conflicts of interest between managers…

Q: What are the financial and non-functional objectives that managers in an organization should pursue…

A: Every business operates and functions in the direction of certain objectives and goals and these…

Q: What is the importance of Responsibility Accounting?

A: Responsibility accounting is an essential thought of accounting execution assessment structures. The…

Q: Discuss the difference between the Management Letter and the Legal Representation Letter

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

Q: What are the key points of the ‘‘Issuer and Management Disclosure’’ of the Sarbanes-Oxley Act?

A:

Q: what kind of decision that management accounting is used for?

A: According to Cost and Management Accounts, London, "Management Accounting is concerned with the…

Q: Why is ethical behavior important to business?

A: Ethics: Ethics is a system of acceptable beliefs to control behavior and activities that are…

Q: What is the significance accounting course to  “Governance, Business Ethics, Risk Management, and…

A: Answer: Accounting has been worldwide followed practice to record day to day transactions. It has…

Q: what are the responsibility of Board members with regards to internal controls?

A: Internal Controls Internal controls refer to the rules, regulations, or processes implemented by a…

Q: What are the responsibilities of management described in Section 404 of the Sarbanes-Oxley Act? What…

A: Following are the responsibility of Management describe in section 404 of the Sarbanes-Oxley Act:…

Q: “Provides input into an entity’s production and marketing decisions.” Is it not a primary function…

A: Mangement Accounting:

Q: What roles must a professional accountant be prepared to perform in regard to ethical…

A:

Q: What is an agency problem?

A: The agency drawback may be a conflict of interest that happens once agents do not absolutely…

Q: Do you believe that contingency theory has made adequate contribution to management accounting? Why?…

A: According to the contingency theory of management accounting, there is no one-size-fits-all approach…

Q: What is Management Responsible for in regards to Internal Control?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: What type of professional certification is most relevant for the management accountant and why?

A: