The Sarbanes-Oxley Act, or SOX
A) holds corporate advisors strictly accountable in a legal sense for any instances of misconduct.
B) pretexts the interests of shareholders by providing greater protection against accounting
fraud and financial misconduct.
C) reduces the cost of financial reporting by standardizing reporting requirements.
D) accomplishes both A and B.
D
You might also like to view...
The Internet has changed the quality of information available to make purchase decisions.
Answer the following statement true (T) or false (F)
Intermediate technology is
A. lean production. B. synonymous with necessary technology. C. older technology previously used by multinationals. D. technology between the capital- and labor-intensive processes.
A Symphony is an instance of Classical Music that descends from Music which, in turn, is a child of Art
Indicate whether the statement is true or false
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 3.5grams$1.00per gramDirect labor 0.7hours$11.00per hourVariable overhead 0.7hours$2.00per hourThe company reported the following results concerning this product in July. Actual output 3,000unitsRaw materials used in production 11,370gramsActual direct labor-hours 1,910hoursPurchases of raw materials 12,100gramsActual price of raw materials purchased$1.20per gramActual direct labor rate$11.40per hourActual variable overhead rate$2.10per hourThe company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The variable overhead efficiency variance
for July is: A. $380 U B. $380 F C. $399 U D. $399 F