accting 301 ch4 min shen

accting 301 ch4 min shen - CH 4-Internal Control & Cash...

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CH 4-Internal Control & Cash Two common types of fraud: (1) Misappropriation of assets. (2) Fraudulent financial reporting. The Sarbanes-Oxley Act (SOX): The Public Company Accounting Reform and Investor Protection Act of 2002 , commonly referred to as the Sarbanes-Oxley Act , provides for the regulation of auditors and the types of services they furnish to clients, increases accountability if corporate executives, addresses conflicts of interest for securities analysts, and provides for stiff criminal penalties for violators. Key Provisions of the Act: s Oversight board. s Corporate executive accountability. s Non-audit services. s Retention of workpapers. s Auditor rotation. s Conflicts of interest. s Hiring of auditor. s Internal Control. Example: CERTIFICATIONS OF KEVIN B. ROLLINS, PRESIDENT AND CHIEF EXECUTIVE OFFICER, AND JAMES M. SCHNEIDER, SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, PURSUANT TO 18 U.S.C. SECTION 1350 The undersigned officers of Dell Inc. hereby certify that (a) Dell’s Annual Report on Form 10-K for the fiscal year ended January 28, 2005, as filed with the Securities and Exchange Commission, fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 and (b) information contained in the report
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accting 301 ch4 min shen - CH 4-Internal Control & Cash...

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