Impact of Sarbanes-Oxley What are four ways that Sarbanes-Oxley impacted the auditing profession?
• Increased auditor independence
• Enhanced the role and importance of the audit committee
• Required reporting on internal control over financial reporting
• Provided oversight of the external auditing profession by the Public Company Accounting Oversight Board (PCAOB)
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Explain why the Systems Development Life Cycle is of interest to accountants. What is the accountant's role in the Systems Development Life Cycle?
Demands that organizational procedures comply with government regulations contributed to the need for ______.
A. dramatic organizational growth B. trained managers C. philanthropic contributions D. long-term investments in nonprofits
Buying specialists for organizations are commonly called
A. consumer buyers. B. vendor agents. C. supply agents. D. purchasing managers. E. value analysts.
Branding has three main purposes: product identification, repeat sales, and new-product sales.
Answer the following statement true (T) or false (F)