Description
Accounting 500 Word paper: Compare and contrast views of management/accountants: view description
Assignment Instructions
Write a 500 - 750 word paper on the following topic:
Compare and contrast the views of management and accountants regarding the changes required by the Sarbanes-Oxley Act on internal controls and how these changes have affected corporations, accounting firms, and investors.
In need of 1 external reference
Books in syllabus:
Bainbridge, S. (2007). The complete guide to sarbanes-oxley: Understanding how sarbanes-oxley affects your business (chapter 7).
Hermanson, R. H., Edwards, J. D., & Maher, M. W. (2013). Accounting principles: A business perspective, financial accounting (chapters 1---8). (8th ed.). Textbook Equity, Inc.
Hermanson, R. H., Edwards, J. D., & Maher, M. W. (2013). Accounting principles: A business
perspective, financial accounting (chapters 9---18). (8th ed.). Textbook Equity, Inc.
DUE DATE: Feb 24, 2019 😃
Explanation & Answer
Attached.
Running head: ACCOUNTING
1
Accounting
Student’s Name
Institutional Affiliation
Date
ACCOUNTING
2
Comparing and Contrasting views of Management Accounts
When the Sarbanes Oxley Act (SOX) was signed into law in 2002, it aimed at restoring
public confidence in corporate financial accounting activities through finance regulations and
regulation of the security markets. Significant losses had been experienced before 2002 as a
result of failures by corporations to carry out proper accounting operations. The establishment of
the act was to address accounting fraud and improvement in the reliability and accuracy of the
accounting procedures in the corporate financial operations (Bainbridge, 2007). However, there
are still contrasting opinions regarding the past and the present views in the accounting
department. This paper compares and contrasts management views regardi...
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