Why did some managers complain about the requirements imposed by SOX sections 302 and 404?

Q: Information about management and director compensation would least likely be found inthe:A .…

A: Proxy statements are those statements that are issued by public companies. These statements are…

Q: Why is the concept of independence such an internal part of AICPA Code?

A: AICPA is American Institute of Certified Public Accountants, which is the leading organisation and…

Q: What are the challenges and risks associated with implementing control procedures in accounting, and…

A: Control procedures in accounting refer to a set of policies, processes, and measures implemented by…

Q: What are management’s responsibilities under Sections 302 and 404?

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

Q: Which of the following is not a test of an ethical business decision as suggested by the Institute…

A: 3 simple ethical tests to use when making a business decision have been identified by the Institute…

Q: Give typing answer with explanation and conclusion What action did they undertake that involved…

A: The FP Code of Conduct outlines ethical principles and standards of behavior expected from…

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: issues are often encountered in declining executive compensation

A: Executive compensation refers to the compensation for executive officers of a company.

Q: countant encounter when trying to decide on “full disclo

A: Accountant role is quite complicated and he has to honest and committed to principal of accounting.

Q: What are the implications if management refuse to sign a management representation letter

A: If the management is not signing or refuses to sign the letter, this implies that the management is…

Q: Should the FASB have overturned the software revenue recognition portion within ASC 985-605? As part…

A: Financial accounting standards board (FASB): This is the organization that creates, develops, and…

Q: Which of the following is not an approach to financing employee benefits? Select one: a.…

A: Employee benefits refer to the benefits that are provided to the employees over or above the…

Q: Which statement is correct related to "presumptively mandatory requirements"? O They are identified…

A: Auditing is the examination of the financial reports of the company to ascertain reasonable…

Q: IA employee dishones

A: Coverage of IA employee dishonesty coverage is also known as employee theft insurance or we can also…

Q: Which of the following proposes actions would clearly present an ethical dilemma to the company and…

A: IMA Standards: To help management personnel there are some principles and standards that have been…

Q: What are the job responsibilities of the external auditors and how it is different from internal…

A: 1.External auditors generally review the financial statements  through out the year . 2.External…

Q: IS a outsource?

A: Outsourcing is the process of hiring a third party to perform the company's services that are…

Q: What are the ethical responsibilities ofmanagement accountants?

A:

Q: Briefly, explain the difference between the torts of Wrongful Interference with a Contractual…

A: Answer:-  Tort meaning:- Tort is a kind of civil wrong that causes the claimant to incur loss or…

Q: What are the competencies levels required by different officials?

A: Step 1: Competency Levels for Different OfficialsDepending on the exact function, organization, and…

Q: What is a management comments letter and what is the significance of this letter

A: A management letter is a letter which is prepared by an auditor that discusses the findings and…

Q: If so many companies find non-GAAP calculationsuseful when communicating with their stakeholders,…

A: GAAP is a set of rules for efficiently capturing and interpreting accounting data. GAAP standards…

Q: What happens when a Covered Member disagrees with a Supervisor?

A: When a covered member disagrees with a supervisor, then there can be three possible situations:

Q: Neutrality of information means that the information is a. Not in favour of any of the employees b.…

A: Accounting information is information related to financial statements like income statement, balance…

Q: Why are companies required to use IFRS 16 and not IAS 17?

A: IAS - 17  : International Accounting Standard No.17 about the specific requirement for disclosure of…

Q: Would you suggest that management pursue the changes? Explain why

A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…

Q: Should companies use non-GAAP measures to report performance?

A: Non-GAAP earnings are an alternate technique for calculating a company's earnings and performance.…

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

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

Q: Discuss and identify factors which indicate Non-Compliance with Laws and regulation.?

A: Non-compliance is an act of commission or ommission by the organisation that is not in accordance…

Q: What is an agency problem?

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

Q: Is advertising a program expense?

A: Advertising is treated as expense when it is incurred by the entity or organization for making the…

Q: Discuss the importance of ethical behavior in accounting and the consequences of unethical behavior.

A: Accounting professionals that behave ethically perform activities and make judgements that are…

Q: Is  a rule of Contra Proferentum defensible in today’s business environment? Explain with example

A: Meaning: It is a legal doctrine in contract law which states that any clause considered to be…