Complete the following comparison table between managerial and financial accounting.
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Financial Accounting |
Managerial Accounting |
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Primary users |
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Types of reports |
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Frequency of reports |
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Purpose of reports |
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Content of reports |
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Verification |
BE19 2
The Sarbanes Oxley Act of 2002 (SOX) has important implications for the financial community. Explain two implications of SOX.