Amor G.

Ventolero

Batch 5 Abdulhamid
Assignment

🔳 What is the connection of the Sarbanes-Oxley to internal control?

◾The Sarbanes-Oxley Act (SOX) is a U.S. federal regulation aimed at enhancing company governance
and economic reporting. It at once relates to inner controls with the aid of requiring publicly traded
corporations to establish and keep high quality inside control over monetary reporting (ICFR). This
means businesses have to implement approaches and processes to ensure the accuracy and reliability of
their monetary statements, reducing the risk of fraudulent activities. SOX emphasizes the importance of
sturdy internal controls to beautify transparency and shield investors.

🔳 Search in Asia that have corruption

◾Yes, Iran is placed in Asia. Corruption can exist in a number types and ranges in specific countries.
While I don't have real-time data, as of my ultimate update in January 2022, corruption has been
suggested in Iran. Specific examples can also include problems within the government, bureaucracy, or
different sectors. For the state-of-the-art information, it is recommended to refer to recent reports from
reliable sources or anti-corruption organizations.

As of my last update in January 2022, some mentioned situations of corruption in Iran covered
allegations of bribery, embezzlement, and nepotism inside authorities institutions.Corruption is indeed a
serious problem in Iran, with widespread instances of corruption occurring mostly within the
government. Both reformists and conservatives routinely criticize corruption in the government.

Iran has been ranked 147th out of 180 countries in a global corruption perception index, indicating a
significant level of corruption in the country.The structure of corruption in Iran has been a topic of study,
highlighting the economic and legitimacy crisis that the country is currently facing.

Corruption has been a long-standing challenge in Iran, and it has been attributed to various factors,
including foreign powers.It is important to address corruption through transparency, accountability, and
effective governance measures to combat this issue in Iran and promote a fair and just society.

◾Bribery: Offering or accepting money, gifts, or other favors in exchange for extraordinary cure or
favors.

◾Embezzlement: Misappropriating or stealing dollars or property that have been entrusted to any one
for safekeeping.
◾Fraud: Deceiving or deceptive others for economic or personal gain, often by using falsifying
documents, reports, or monetary statements.

◾Nepotism: Favoring friends or family participants for job positions or promotions, as an alternative than
based totally on skills or merit.

◾Kickbacks: Receiving a fee or price for facilitating a transaction or commercial enterprise deal, regularly
at the price of others.

◾Patronage: Appointing or hiring persons based on loyalty or political affiliation as a substitute than on
qualifications or merit.