ACC 460 week 5 Individual Accountability in Reporting Memo

May 8th, 2015
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ACC 460 week 5 Individual Accountability in Reporting Memo

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Accountability in Reporting ACC 460 DateInstructorTO: Accountability ConferenceFROM: Simpson, Accounting StudentDATE: January 20,2012SUBJECT: Accountability in Government Reporting The publics desire for increasing accountability on government and not-for-profit organizations have risen more in recent years since Enron and World-com. Understanding how this influence on the change in reporting requirements is the focus of this memo. The Sarbanes-Oxley Bill is requirements for profit businesses but government and not-for-profits are following it to show accurate reporting in accounting. The use of external auditors is becoming commonplace because of this bill and focuses on internal control of organizations. Taxpayers and donors want to know how their money is spent more than ever before, so the demand creates detailed accounting and full disclosur

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