The direct costs include expenses for internal control testing and reporting and audit fees to attest the audit effectiveness. These are most expensive cost of SOX‚ and they are in section 404. Securities Exchange Commission (SEC) has estimated the cost of the internal section 404 (a) for compliance and section 404 (b) cost of auditor attestation. The cost of compliance per filer is about $91‚000. However‚ SEC did not do the estimation for the cost of audit certification. (Coates & Srinivasan‚ 2014)
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State University of New York at Buffalo School of Management MGF 401 S2F (Tu/Th – 3:30 – 4:50pm) Instructor: Sudhir Suchak Management of Financial Institutions Telephone: 645-1781 Spring 2013: Alfiero 102 e-mail: suchak@buffalo.edu Office Hours: Mon. & Wed. 2:00 – 3:00pm; Mon. 4:00 – 6:00pm‚ or by appointment (Office: Jacobs 235) Course Objective: The Financial Services industry is very dynamic. Factors such as regulations‚ changes
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A Review of the IT System Course Project – SAI Toys A Review of the IT System Executive Summary The overview for SAI Toys is the company sells are manufactured in-house and shipped to brick-and-mortar retailers‚ such as Best Buy and Target‚ as well as e-Commerce only sites‚ such as ThinkGeek.com and Buy.com. The company has no direct interaction with the final purchasers (individuals) of their products other than through warranty service. SAI Toys is one of the leading manufacturers of products
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References: rain‚ William (2005). Theories of Development‚ Concepts and Applications. New Jersey: Pearson Prentice Hall. DeVries et al. (2002) Developing constructivist early childhood curriculum: practical principles and activities. Teachers College Press: New YorkGagne‚ Robert. (1968). Contributions of Learning to Human Development. Washington‚ DC: American Psychological
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OVERVIEW This is an excellent short case to introduce the managerial accounting issues related to the "joint cost" problem. Classic microeconomics argues unequivocally that attempts to assign cost to individual products in a "joint" set constitute a complete waste of time--"just maximize the total revenue over the batch." Like the comparable adage to "price so that marginal cost equals marginal revenue‚" the economists’ advice about joint costing is certainly accurate‚ given the assumptions‚ but
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DeVry Univers ACCT346 Weekly Ass Week 2 Directions: Your assignment this week is to answer the three questions below. Please note that Question #3 has add more rows or columns to the box if needed. 1. Biltz Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overh $582‚000 and 135‚000 direct labor hours were worked. The company estimated that it would incur $525‚000 of ma By how much was manufacturing overhead overallocated or underallocated for the
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SWOT Analysis: Swot stands for strengths‚ weaknesses‚ opportunities‚ and threats. The SWOT analysis will assist CanGo understand the opportunities that are obtainable and what threats may have an effect on its business. Before moving onward with new ventures CanGo needs to evaluate the arrangement they currently have in the market. Performing a SWOT analysis technique would be very beneficial at this point and will serve as the baseline to elaborate on a strategic plan for the organization.
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to Jean Piaget. Piaget derived this theory by investigating the evolution of knowledge‚ though mainly scientific knowledge‚ by observing and interviewing children about different problems that involved problem solving along with logical reasoning (DeVries‚ 1997). It was through this research process that he gave birth to the theory of social constructivism. Social constructivism is supported by an irreducible subjectivity dimension of action by the human (Ruggie‚ 1998). Max Weber stated that "We are
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Introduction | | |AJ DAVIS is a department store chain‚ which has many credit customers and wants to find out more information about these customers. A sample of 50 credit customers is selected with data collected on the following five variables: 1. LOCATION (Rural‚ Urban‚ Suburban) 2. INCOME (in $1‚000 ’s – be careful with this) 3. SIZE (Household Size‚ meaning number of people living in the household) 4. YEARS (the number of years that the customer has lived in the current location)
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Table of contents: 1. Introduction ---------------------------------------------------------------------------------- -2- 2. The first effect: accountants responsibility increase * Special sections of SOX that increase accountants responsibility by imposing criminal liability------------------------------------------------------------------------------------------ -3- * Accountants independence resulting in a higher responsibility of accountants------- -4- * Fraud decrease
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