Based on your review
of the SEC reporting requirements as outlined in the Sarbanes-Oxley Act,
assess the adequacy of the reporting requirements for providing credible
financial and operating information for company stakeholders and potential
investors, indicating any gaps identified in the reporting. Provide
support for your rationale.
From the e-Activity,
suggest ways that these gaps may be addressed to increase the reliability
of reporting requirements or minimize stakeholder and investor risk.
Provide support for your recommendations. e-Activity: Search the Internet
or Strayer databases for current articles related to the SEC positions on
IFRS for U.S. publically traded companies. Be prepared to discuss.
Assess how the GAAP
and IFRS convergence project has impacted SEC reporting requirements,
predicting the long-term impact of the convergence on reporting. Provide a
rationale for your prediction.
challenges for U.S. public companies to fully adopt IFRS and propose
solutions to these challenges. Provide support for your recommendations.
keep question and answers together such as bullet point, question, and answer
underneath. Also please include at least one reference. All answers can be paragraph long.