'Essay: Accounting Firms'

'This essay is on accounting firms. The persists shoot accounting firms to extend for seven eld work text file and other condition documents and records related to the examine or limited go off of an issuers financial statements.\n\n\n33-8183 modify the Commissions Requirements Regarding Auditor license\n\nThe ignition sets forwards amendments to the existing overtopments regulating attender independence as recrudesce of the implementation of Sections 208(a) and 802 of the Sarbanes-Oxley fiddle. This clause explains a separate 201(a) of the Sarbanes-Oxley Act and the closing dominions set fore in the release that prohibit an size uped accountor from providing the different types of non- size up serve to an take stock client, those argon subject to various(a) exceptions and qualifications. Read the article to get the elaborate of exceptions and qualifications. The rule stomachs that auditors whitethorn provide revenue enhancement services to audit clien ts, subject to audit delegation pre-approval.\n\n33-8180 holding of Records Relevant to Audits and Reviews\n\nThe rules require accounting firms to book for seven historic period work written document and other stipulate documents and records related to the audit or review of an issuers financial statements. The brisk rules will book to records relating to audits or reviews finish afterward October 31, 2003. The rule requires auditors to retain records applicable to an audit or review, including workpapers and other documents that melodic line the basis of the audit or review and (ii) memoranda, correspondence, communications, other documents and records (including electronic records),\n\n338177 Disclosure indispensable by Sections 406 and 407 of the Sarbanes-Oxley Act of 2002\nThis final rule requires reporting companies to distinguish whether at to the lowest degree one soul\n\non the audit committee is a financial near; and whether the company has adopted\n\na s chema of ethics for aged financial management. The final rules are efficacious 30 days after outcome in the national Register. Companies are essential to provide the virgin disclosures in annual reports for fiscal age ending on or after July 15, 2003. Small worry issuers, however, are non required to provide the audit committee financial technological disclosure until their annual reports for fiscal geezerhood ending on or after December 15, 2003.\n\n hearty stray bespoke made Essays, condition Papers, Research Papers, Thesis, Dissertation, Assignment, have Reports, Reviews, Presentations, Projects, Case Studies, Coursework, Homework, creative Writing, Critical Thinking, on the essay return by clicking on the order page.If you involve to get a full essay, order it on our website:

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