What are management responsibilities under Sections 302 and 404 of SOX?
What will be an ideal response?
Section 302 requires that corporate management (including the CEO) certify their organization's internal controls on a quarterly and annual basis. Section 404 requires the management of public companies to assess and formally report on the effectiveness of their organization's internal controls.
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Pipe Corporation reported cost of goods sold of $250,000 for 2018. It also reported an increase in inventory for the year of $30,000, and an increase in accounts payable of $24,000. Pipe would report cash paid to suppliers in 2018 under the direct method for cash flows of:
A. $304,000. B. $256,000. C. $280,000. D. $250,000.
Revenue is always earned continuously over time
a. True b. False Indicate whether the statement is true or false
Specific EPS disclosure is regularly reported for extraordinary items under IFRS GAAP I. yes no II. no yes III. yes yes IV. no no ?
A) I B) II C) III D) IV
What are the three dispute settlement organs carrying out the Dispute Settlement Understanding?
What will be an ideal response?