Managerial Accounting Sarbanes Oxley 1. The key topic is the nature of managerial accounting and how to distinguish it from financial accounting.
Briefly describe this issue in your own words and identify a professional situation in which you foresee yourself using or applying this issue or concept.
2. What is the purpose of the Sarbanes-Oxley Act of 2002? What events led to the implementation of the Act? How has the Act impacted the world of managerial accounting? One direct effect of the Sarbanes-Oxley Act on corporate governance is the strengthening of public companies’ audit committees. The audit committee receives wide leverage in overseeing the top management’s accounting decisions.
