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DeVry NY ACCT 301 Week 2 Homework

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Question;ACCT301;Week 2 Homework;In;two to three paragraphs, describe the Sarbanes-Oxley Act and why it is;important to the accounting profession. (15 points)Name;and briefly describe the five components of COSO?s internal control framework.;(10 points)Describe;the relationship between the Sarbanes-Oxley Act and COSO. (10 points)Tom;Jackson is a CPA who really likes to go to Las Vegas, play poker, and bet on;football games. Tom knows that the accounting profession disapproves of;gambling, but because he spends a lot of time studying sports facts and how to;win at poker, he feels that he is simply making educated decisions based on;facts. He says that this is no different from using accounting information to;buy stocks. Use the fraud triangle as a basis to comment on Tom?s gambling;activities. (15 points)

 

Paper#41001 | Written in 18-Jul-2015

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