What is the tax advantages and tax disadvantages of Sarbanes-Oxley in relations to the extent to which increased regulation is helpful in preventing fraud, and to analyze the point at which it becomes counter-productive – particularly for small businesses.

Q: Explain the problems of adverse selection and moral hazard caused by asymmetric information. How can…

A: A financial institution is a corporation or person who acts as another go for different parties in…

Q: How could failing to collect sales tax result in a larger tax liability for a business than failing…

A: Taxable amount is the measurement of the amount of tax that needs to be paid by an individual or a…

Q: Greater role assumed by government in bailing out financial intermediaries – too big to fail…

A: Financial intermediary is referred as the institution or an individual, which act as a middleman…

Q: Which of the following statements is false? Multiple Choice O The value of an enterprise should not…

A: d. Cash flow should be calculated on an after-tax basis:Explanation: This statement is True. Cash…

Q: Please listen to the TedTalk below, which describes how corporations like Amazon use tax loopholes…

A: Even though they legally follow the letter of the law, tax loopholes that are used in a way that…

Q: I want correct

A: Demand-side economists criticized the income taxation of capital gains because:c. they believed that…

Q: How may an accounting firm affect non-tax professionals' perceptions of a disputed topic with a…

A: Introduction: At the organizational level, ethical leaders foster trust through their behaviors and…

Q: .      The Bureau of Internal Revenue filed a case against Prorealty Corporation due to…

A: This is a case of tax delinquency and penalties for companies operating in the Philippines. Tax law…

Q: Which one of the following is a soft benefit?    Depreciation tax shield   Reduction in the number…

A: Soft benefit:- It is the benefits that can be measured in terms of money. It can include aspects…

Q: Which of the following statements is INCORRECT ? Large investment banks finance most of their…

A: Financial institutions are organizations that facilitate financial transactions, provide financial…

Q: Capital flight can occur due to A) government regulations on interest rates B) inappropriate…

A: A capital flight refers to the movement of capital from one country/ region to other…

Q: Which of the following is true of accounting for research and development cost?     Responses…

A: The term "GAAP" (generally accepted accounting principles) refers to the generally recognised…

Q: Why is the personal income tax considered less stable than a consumption tax and how do U.S.…

A: Personal Income Tax vs. Consumption Tax: Personal income tax is considered less stable than a…

Q: The "Discipline of the Market" means that in a competitive market customers and investors deal with…

A: The question is based on the concept of working of market in perfect competition. A financial…

Q: What is one potential impact of tax reforms on small businesses? a) Increased compliance costs b)…

A: The question is asking about the potential impact of tax reforms on small businesses. Tax reforms…

Q: A simple solution to the problem of high corporate tax rates on investment income would be to apply…

A: Answer :- Option 1). Lower rates would provide a significant deferral of taxes on investment income.

Q: As a general principle, are tax evasion and tax avoidance predicate offences for the purpose of a…

A: Before giving answer let me give the meaning of the words and their implication. Tax evasion means a…

Q: Which of the following statements is CORRECT?   a. Most business in the U.S. is conducted by…

A: The objective of the question is to identify the correct statement among the given options related…

Q: Whilst acknowledging the importance of high-quality corporate reporting, the recommendations to…

A: Making facts or information public is the process of disclosure. Making relevant information known…

Q: The "at-risk" rule acts to prevent tax shelters from generating large losses for their investors…

A: "At-risk" rules are the tax shelter laws that limits the entity's amount to claim deductions which…

Q: Securitization has its upside (primarily liquidity and diversification), but it has its downside as…

A: Securitization is a complex financial process where assets are bundled together and transformed into…

Q: Why was the Foreign Corrupt Practices Act created? Please explain.

A: The Foreign Corrupt Practices Act (FCPA) was created to address the growing concern about corruption…