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Questions and Answers
Which act established new corporate governance regulations and standards for public companies registered with the Securities and Exchange Commission?
Which act established new corporate governance regulations and standards for public companies registered with the Securities and Exchange Commission?
- The Internal Revenue Code (IRC)
- The Sarbanes-Oxley Act (SOX) of 2002 (correct)
- The Dodd-Frank Wall Street Reform and Consumer Protection Act
- The Financial Accounting Standards Board (FASB)
What impact does the Sarbanes-Oxley Act (SOX) have on internal control standards and related auditing procedures?
What impact does the Sarbanes-Oxley Act (SOX) have on internal control standards and related auditing procedures?
- It has no impact on internal control standards and related auditing procedures
- It resolves the controversy among college faculty regarding the AIS course
- It defines the entire content of the AIS course
- It identifies critical areas of study that need to be included for accountants (correct)
What is the main reason for the controversy surrounding the coverage of accounting information systems (AIS) in college courses?
What is the main reason for the controversy surrounding the coverage of accounting information systems (AIS) in college courses?
- Lack of well-defined body of knowledge (correct)
- Lack of qualified faculty
- Lack of funding for AIS courses
- Lack of interest from students
Which of the following is NOT impacted by the Sarbanes-Oxley Act (SOX)?
Which of the following is NOT impacted by the Sarbanes-Oxley Act (SOX)?
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In relation to the AIS course, what role does recent legislation, such as the Sarbanes-Oxley Act (SOX), play?
In relation to the AIS course, what role does recent legislation, such as the Sarbanes-Oxley Act (SOX), play?
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