How has the need for SOX compliance impacted ERP systems?
What will be an ideal response?
The Sarbanes-Oxley Act of 2002 has had a huge impact on business today. In particular, sections 404 and 409 related to IT controls. Section 404 impacts how internal controls are set up and states that IT systems have to have adequate internal controls and procedures for financial reporting. Section 409 states that there must be real-time access to operational and financial corporate data. Both of these must be kept in mind when implementing an ERP system. The ERP system must be set up to support SOX compliance in terms of internal controls, timely access to data, and financial reporting.
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Some global marketers make the strategic decision to establish a presence on the Web without offering transaction opportunities even though the product could be sold that way. Such sites are known as:
A) company sites. B) transaction sites. C) promotion sites. D) content sites. E) cyber sites.
Which of the following rules of interpretation is applied to resolve conflict or ambiguity in a check?
A. Printed terms prevail over typewritten terms. B. Where handwritten terms and printed terms conflict, printed terms prevail over handwritten terms. C. Where words and numbers conflict, the words control the numbers. D. Typewritten terms prevail over handwritten terms.
The United Way Payable account would normally be shown on the balance sheet under current liabilities
Indicate whether the statement is true or false
Brands help reduce a consumer's perceived risk of purchase.
Answer the following statement true (T) or false (F)