ACCOUNTING PRINCIPLES 222 5/16 >C<
ACCOUNTING PRINCIPLES 222 5/16 >C<
2nd Edition
ISBN: 9781323461525
Author: Horngren
Publisher: PEARSON C
Question
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Chapter 8, Problem 2RQ
To determine

Sarbanes-Oxley Act:

Sarbanes-Oxley Act or SOX was introduced in 2002 by U.S. government after several accounting scams like Enron and WorldCom. The Act defines the responsibilities of the board of director of a public company and adds criminal liabilities for wrongful acts of the management and board of directors.

Internal Control:

Internal controls are policies and procedures implemented by an organization to attain operational goals and maintain the integrity of accounting.

To identify:

The relation between Sarbanes-Oxley Act and Internal control

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