Module 2 Assignment? Ingowari Erenyanate 635.601 Foundations of Information Systems Engineering. 1. Business Entity Identify the Entity: TransLink, formally the South Coast British Columbia Transportation Authority, is the transit authority responsible for the regional transportation network of Metro Vancouver in British Columbia, Canada, including public transport, major roads and bridges. Mission Statement:?Together, we connect the region and enhance its livability by providing a sustainable transportation network, embraced by the communities we serve. ? Vision Statement:?A better place to live built on transportation excellence? ? The vision statement addresses why they exist for transportation, it is not restricted to a timeframe and …show more content…
federal law that aims to enhance corporate governance, protect shareholders, and restore public confidence in financial reporting. It was enacted in response to major financial scandals (e.g., Enron, WorldCom) and imposes strict regulations on financial reporting and internal controls for publicly traded companies. SOX mandates stringent requirements for corporate transparency, accountability, and the accuracy of financial disclosures, with severe penalties for non-compliance. It includes eleven sections that focus on improving corporate governance and financial transparency. The law also established the Public Company Accounting Oversight Board (PCAOB), which oversees and regulates accounting firms. SOX addresses areas such as auditor independence, internal controls, and enhanced financial reporting to prevent corporate fraud. [ 1] SOX 404(a) requires that companies implement and maintain effective internal controls. Companies document compliance with an internal control report? with each of their annual reports mandated by the Securities Exchange Act of 1934, such as Form 10-K. SOX 404(b)?requires that an independent auditor attest to and report on the assessment of internal controls provided by company management.?