EBK AUDITING & ASSURANCE SERVICES: A SY
EBK AUDITING & ASSURANCE SERVICES: A SY
11th Edition
ISBN: 9781260687668
Author: Jr
Publisher: MCGRAW-HILL LEARNING SOLN.(CC)
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Chapter 21, Problem 21.10RQ
To determine

Concept Introduction:Sarbanes-Oxley act of 2002 is a law that describes the auditing and financial rules and standards for public companies. It creates the standards in such a way that helps and protects the investors from the financial errors and fraud. .

To explain: The role of an internal auditor in helping management complies with the requirement of the Sarbanes-Oxley act.

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Write in memo format a response to your Manager, based on the information  presented below for the Duncan Company and also based on your additional research. Your Manager has advised you to make any assumptions where necessary. Duncan Company is a large manufacturer and distributor of cake supplies. It is based in United Kingdon (Headquarters) It sends supplies to firms throughout the United States and the Caribbean . It markets its supplies through periodic mass mailings of catalogues to those firms. Its clients can make orders over the phone and Duncan ships the supplies upon demand.  The main competition for Duncan’s comes from one U.S. firm and one Canadian firm. Another British firm has a small share of the U.S. market but is at a disadvantage because of its distance. The British firm’s marketing and transportation costs in the U.S. market are relatively high. a) Duncan Company plans to penetrate either the Canadian market or two other Caribbean Countries (Jamaica and Haiti). What…
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