Sarbanes-Oxley Internal Control Report Using Wikipedia (www.wikipedia.com), look up the entry for Sarbanes-Oxley Act. Look over the table of contents and find the section that describes Section 404. Section 404 requires management's internal control report

Q: Why the companies use special journals? List them.

A: In the bookkeeping system of accounting, the transactions are recorded in two types of books :…

Q: List internal control procedures related to e-commerce.

A: E-commerce: E-commerce is one form of business transactions made with the help of electronic…

Q: Identify and define the two major types of controls in an accounting information system.

A: Accounting Controls Accounting controls are the policies and procedures that a company adopts to…

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: 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: Use of company records would be an example of using __________ data.

A: Explanation and answer is given below,

Q: Show all workings and provide descriptions of how all answers were derived.

A: Proposal and Evaluation of Two Courses of Action Course of Action 1: Adherence to Current Procedures…

Q: Revenue Cycle. a. Give three examples of access control in a point-of-sale (POS) system. a. Discuss…

A: POS is the place where the actual sale events occurred and all sales are recorded  in the books of…

Q: Explain the phrase, “Management’s stewardship”

A: A group of study of the American Institute of Certified Public Accountant issues a report containing…

Q: Why is the reporting of control procedures required, and what information is disclosed about…

A: The answer to the first part of the question on “Why is reporting of control procedures required “…

Q: Office memorandum and office orders explaination in detail

A: A memorandum can be explained as an official decision taken and which is required to be displayed…

Q: 16. Structured form or document used to collect and analyze data, often done real time where the…

A: Collection of information on a real time basis can be very useful for accounting and auditing…

Q: The Dodd-Frank Act (2010) includes a variety of new regulations, including the creation o Multiple…

A: The Dodd frank act is a financial regulation law which was created after the 2008 financial crisis…

Q: Identify and provide examples of controls related to the use of files and data.

A: INTRODUCTION Data control is the administration of information policy for the data of an…

Q: can I have a proper memo-based answer script with appropriate discussion and cases as well as works…

A: Answer:    The term of responsibility refers to the ethical and legal obligation of an individual or…

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: Should section 404 of Sarbanes–Oxley be extended to include cybersecurity?

A: Companies must set up and maintain efficient internal controls over financial reporting, according…

Q: Discuss the issues encountered in Worldcom scandal how the Sarbanes Oxley Act addressed those…

A: What was the WorldCom scandal? It was the major Accounting related scandal in history in 2002 at…

Q: explain on how cloud accounting help accountant in completing the accounting job especially during…

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: Please research and view the complete Treasury Department Circular 230 and discuss the following:…

A: The concept referred to in the above question is the Treasury Department Circular 230, which is a…

Q: Discuss 2 similarities and differences of internal controls reporting requirements between public…

A: Similarities in Internal Controls Reporting Requirements:Documentation and Accountability: Both…

Q: Why the requirement is a foundation of your enterprise content management system? Select one: O b.…

A: An effective enterprise content management system provides everyone in the organization with easy…

Q: What types of controls are in place to protect data (such as company information or customer…

A: There are many controls which can be put to protect the data as these are very confidential and they…

Q: What would the Accounting Memo and Email to Client look like?

A: When the merchandise is sold, the company estimates the possible returns and accordingly provides…

Q: Explain what is meant by the term management by exception (see, for example:…

A: Management by exception is referred to as a style of business management where the focus is on…

Q: The following is a list of 12 control plans from Chapter 8. These are followed by a list of 10…

A: Internal controls are the measures a company takes to protect its assets, guarantee the accuracy and…

Q: What is an agency problem?

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

Q: What represents a company’s primary means of cummunicaying information to external users?

A: First of all, we need to understand who are external users- these are the people who are interested…

Q: Define the following accounting terms: 1) Entry-level software 2) Internal control 3) Network -…

A: Entry-level software refers to computer programs or applications designed for users with limited or…

Q: The following is a list of 12 control plans from Chapter 8. These are followed by a list of 10…

A: Internal controls are the steps a business takes to safeguard its assets, ensure the reliability and…

Q: Internal Controls Plan - Blockchai What type of accounting processes could benefit from Blockchain…

A: In business, internal control is the set of rules, regulations, and practices that a company has…