Explain Spreadsheets

question 2

Essay

Explain spreadsheets.

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Definitions:

Internal Revenue Code

The comprehensive set of tax laws in the United States that govern federal tax obligations.

Securities Act of 1933

A U.S. federal law enacted to ensure more transparency in financial statements and to prevent fraud in the sale of securities, requiring that investors receive significant information about securities being offered for public sale.

Material Fact

An important fact that could influence a decision in a contract, negotiation, or legal case; its omission or misrepresentation could constitute fraud.

Omission

The act of leaving something out or not including something that should have been included.