What are the key points of the "Issuer and Management Disclosure" of the Sarbanes-Oxley Act?
1 . Public companies must report all off balance-sheet transactions.
2 . Annual reports filed with the SEC must include a statement by management asserting that it is responsible for creating and maintaining adequate internal controls and asserting to the effectiveness of those controls.
3 . Officers must certify that the company's accounts ‘fairly present' the firm's financial condition and results of operations.
4 . Knowingly filing a false certification is a criminal offence.
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What will be an ideal response?
Problem-solving information is one of the three types of information that is obtained in a questionnaire
Indicate whether the statement is true or false
Kalea works for a large global corporation. Her job is to conduct market analyses and manage the computational costs associated with them. Kalea is MOST likely a(n) ________.
A. economist B. marketing analyst C. marketing manager D. high-level executive E. financial manager
Assume in analyzing alternative proposals that Proposal F has a useful life of six years and Proposal J has a useful life of nine years. What is one widely used method that makes the proposals comparable?
A) Ignore the fact that Proposal F has a useful life of six years and treat it as if it has a useful life of nine years. B) Adjust the life of Proposal J to a time period that is equal to that of Proposal F by estimating a residual value at the end of year six. C) Ignore the useful lives of six and nine years and find an average (7 1/2 years). D) Ignore the useful lives of six and nine years and compute the average rate of return.