ACC 557 Week 2 Discussion 1
From the e-Activity, recommend how the SOX framework can ensure reliable and complete financial information and how accounting professionals have benefitted from its use. Provide support for your response.
Evaluate how the SOX has reinforced investors’ and creditors’ confidence in companies and how these individuals can take steps to verify the accuracy of the financial statements of potential investments or loans. Provide support for your rationale.
Recommend the advantages and disadvantages of recording the above-referenced costs in the financial statements and how this might alter the company’s public image.