2. Explain the impact to the company’s stock price when the
restatement was released and to future earnings forecast, indicating
whether or not you believe the impact to the stock price was
justified.
3. Evaluate the restatement in terms of management’s ethical
violations according to the requirements of the Sarbanes-Oxley Act,
providing recommendations to management on how to avoid these
problems in the future. Provide support for your recommendations.
4. Use at least two (2) quality academic resources in this assignment.
Note: Wikipedia and other Websites do not quality as academic
resources.
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ACC 573 Week 3 DQ 1
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· As part of the Sarbanes-Oxley Act, corporate officers are no
longer able to “pass the buck” of responsibility for ensuring
adequate controls over financial statements and reporting
activities thus ensuring the accuracy of financial statements.
Assess the adequacy of the provisions contained within the Act,
indicating whether or not you believe requirements will
improve the accuracy of financial statements and reporting.
Provide support for your rationale.