ACCT 105 Week 7 Discussion | Assignment Help | American Public University System
- american-public-university-system / ACCT 105
- 04 Feb 2021
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ACCT 105 Week 7 Discussion | Assignment Help | American Public University System
Week 7: Internal Controls
The Week 7 Discussion
consists of two separate questions. You will answer one of the questions.
(1st question)
Discuss the impact of Sarbanes-Oxley on a company's internal controls. Be sure
to define internal controls and discuss the basic principles for assessing
internal controls.
(2nd question)
The Sarbanes-Oxley Act of 2002 (SOX) was enacted in response to a number of
accounting scandals in major corporations that resulted in the loss of billions
of investor dollars. Choose one accounting scandal that precipitated this
legislation and discuss whether or not internal controls (or lack thereof)
contributed to the scandal.