Who is responsible once a company's accounting information has been affected, homework help

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Business Finance

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Increased attention to corporate governance resulted from the passage the Sarbanes–Oxley Act (SOX). Discuss three ways in which those who are responsible for a company’s accounting information have been affected.

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Explanation & Answer

Attached.
Attached.

Running head: ACCOUNTING INFORMATION

Accounting information
Institution affiliation
Date

1

ACCOUNTING INFORMATION

2

Accounting information is the data that is used by all the organization’s participants, from
shareholders to the management, in decision making. This data is collected through an
accounting information system which processes financial data through a computer-based method
for tracking and gathering information with the help of technological resources (Rich, 2012).
Accounting information usually provides two elements in an organization which are providing
information that identifies and summarizes the financial events that occur in an organization, and
also acts as a system that reports and communicates the relevant information to interested parties
which will help them assess the performance of the organization and make decisions on whether
they will invest in it or not.
An organization’s or company’s accounting information usually involves a lot people in
the coming up with the financial information of the company. However, in a situation where the
accounting information has been affected in o...


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