Actually a company can have some solid internal controls in place, more so they are required under the Sarbanes-Oxley Act, SOX Act. If you were in charge of the Sarbanes-Oxley Act,SOX Act what would you do about implementing controls?

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Asked 9/12/2011 1:43:28 PM

Updated 9 days ago|12/3/2025 10:14:40 AM

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User: Actually a company can have some solid internal controls in place, more so they are required under the Sarbanes-Oxley Act, SOX Act. If you were in charge of the Sarbanes-Oxley Act,SOX Act what would you do about implementing controls?

Weegy: I'm not sure what you mean by implementing controls. The Sarbanes-Oxley Act of 2002 was passed in response to a number of major corporate and accounting scandals involving prominent companies in the United States. [ [ These scandals resulted in a decline of public trust in accounting and reporting practices. The Sarbanes-Oxley Act's major provisions include: - Certification of financial reports by chief executive officers and chief financial officers - Ban on personal loans to any Executive Officer and Director - Accelerated reporting of trades by insiders - Prohibition on insider trades during pension fund blackout periods - Public reporting of CEO and CFO compensation and profits - Additional disclosure - Auditor independence, including outright bans on certain types of work and pre-certification by the company's Audit Committee of all other non-audit work - Criminal and civil penalties for violations of securities law - Significantly longer jail sentences and larger fines for corporate executives who knowingly and willfully misstate financial statements. - Prohibition on audit firms providing extra "value-added" services to their clients including actuarial services, legal and extra services (such as consulting) unrelated to their audit work. - A requirement that publicly traded companies furnish independent annual audit reports on the existence and condition (i.e., reliability) of internal controls as they relate to financial reporting. ] ]
Expert answered|LawGradLady|Points 122|

User: What happens if you get a small green triangle within one of your cells? What causes this to appear? How do you make it disappear?

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Asked 9/12/2011 1:43:28 PM

Updated 9 days ago|12/3/2025 10:14:40 AM

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cruz30

A small green triangle in a cell indicates an error or inconsistency in Excel, such as a number stored as text or a formula issue. It appears when Excel detects a potential problem with the cell’s content. To make it disappear, you can correct the error, ignore it, or change the cell’s format using the error options that appear when you click the triangle.

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