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The Sarbanes-Oxley Act was designed to hold corporations accountable for internal control

The Sarbanes-Oxley Act was designed to hold corporations accountable for internal control and financial reporting functions.

2) The Sarbanes-Oxley Act has significantly impacted the responsibility for financial reporting by publicly traded corporations.

3) CA firms cannot provide consulting services for their current audit clients.

4) Trends in the modern business environment include a shift to a service economy and the rise of the global marketplace.

5) The concept of the lean production philosophy is generally credited to General Motors.

6) The decision to bill customers electronically, which saves the company money, would be a positive benefit when performing cost-benefit analysis.

7) Lean production cuts the throughput time of a manufacturing concern.

8) ISO 9001:2008 is a certification program for companies that adhere to an international set of quality management standards and guidelines.

9) According to SOX, at least one member of the audit committee should be a financial expert.

10) IFRS stands for "important financial reporting standards."

Dec 07 2019 Read more Less More

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