Sarbanes-Oxley Act and SEC reporting requirements for publicly traded companies, Accounting Quality homework help

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Business Finance

Description

Based on the requirements of the Sarbanes-Oxley Act and SEC reporting requirements for publically traded companies,

Write a four to five (4-5) page paper in which you:

  1. Assess the roles of the Board of Directors and Chief Executive Officer of a public company for establishing an ethical environment that generates quality accounting and reliable financial reporting for use by shareholders and investors. Provide support for your assessment.
  2. Recommend a strategy for a CEO to implement, leading to an ethical environment that leads to high-quality accounting, reporting, and forecasting. Provide support for your recommendation.
  3. Suggest how corporate management can provide assurances to investors that the performance forecast and expected earnings will be realized, minimizing the volatility of the stock price. Provide support for your suggestions.
  4. Evaluate the consequences to a publically traded company when there is a lack of quality within financial accounting and reporting, indicating how these consequences may be minimized. Provide support for your answer.
  5. Assess the requirements of the Sarbanes-Oxley Act related to accounting quality, indicating whether or not you believe the requirements are sufficient to protect stockholders and potential investors. Provide support for your position.

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Explanation & Answer

Hi,Your answer is ready. Please find the attached Doc

RUNNING HEAD: NEW STRATEGIES FOR FINANCIAL REPORTING

NEW STRATEGIES FOR FINANCIAL REPORTING:
STUDENT’S NAME:
COURSE TITLE:
UNIVERSITY AFFILIATION:
DATE:

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NEW STRATEGIES FOR FINANCIAL REPORTING

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ANSWER 1
A Company's business overseen under the supervision of the Board of Directors,
representatives to the CEO, who at that point transfers to other senior administration, the
obligation regarding keeping up the organizations reporting. This procedure can set up solid
financial reporting. An organization can keep up a code of business conduct, morals and the
ethics which will articulate for workers, investors, clients, and also suppliers.
A Board of Directors ought to perceive the obligation regarding an ethics code, its
implementation by administration, its full acknowledgment by all workers. Responsibilities is the
beginning spot for manufacturing the corporate culture. The Board need ought to assign
specialist to senior administration for the execution of corporate trustworthiness programs.
Communicating is essential as a key thing of demonstrating the Board's dedication and its
accountability. "Composed ethics policies set up expectations for all representatives; spell out
precisely the expectations on the subjects, for example, burglary, licensed innovation insurance,
and appropriate utilization of assets and treatment of associates. Policies likewise defines the
particular qualities an organization needs to represent, for example, respect, honesty and
integrity. Workers ought to get a duplicate of the code of ethics and sign a form expressing they
recognize those desires and ...


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