What fraud detection responsibilities (if any) are imposed on auditors by the Sarbanes-Oxley Act?
SOX places responsibility on auditors to detect fraudulent activity and emphasizes the importance of controls designed to prevent or detect fraud that could lead to material misstatement of the financial statements. Management is responsible for implementing such controls and auditors are expressly required to test them.
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Which of the following statements is true of laws relating to compensation?
A. They place restrictions on the salaries drawn by the top management. B. They protect the organization's investment on its employees. C. They require that firms pay the same work pay for men and women. D. They monitor the financial investments made by the top management of the organization. E. They require that firms pay the same work pay for all employees of a department.
Maruca Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (9,000 units)$270,000Variable expenses 175,500Contribution margin 94,500Fixed expenses 86,100Net operating income$8,400The margin of safety in dollars is closest to:
A. $8,400 B. $86,100 C. $24,000 D. $94,500
Soft drink sales are declining as more consumers are concerned about their health. This represents a change in the __________. As a result, soft drink companies have begun releasing smaller sized soft drinks and soft drinks with less sugar.
A. marketing environment B. product concept C. marketing mx D. marketing concept E. marketing task
What Major themes that can be addressed in lectures or class discussions
What will be an ideal response?