State the Similarities and Differences Between Matrix and Divisional Departmentalization

question 25

Essay

State the similarities and differences between matrix and divisional departmentalization.

---

Definitions:

Sarbanes-Oxley Act

A United States federal law that set new or expanded requirements for all U.S. public company boards, management, and public accounting firms, aiming to protect investors from fraudulent financial reporting.

PCAOB

The Public Company Accounting Oversight Board, an organization established to oversee the audits of public companies to protect the interests of investors.

Public Accounting Firms

Professional service organizations that provide auditing, tax, consulting, and accounting services to businesses and individuals.

CDOs

Collateralized Debt Obligations, a type of structured asset-backed security (ABS) with different tranches that can be impacted by mortgage, auto loan, and credit card debt defaults.