Essay: Accounting Firms

This rise is on story firms. The regulations require explanation firms to concur for seven age piece of work papers and some some separate contract documents and records related to the examineed account or review of an issuers pecuniary statements.\n\n\n33-8183 fortify the Commissions Requirements Regarding Auditor Independence\n\nThe disembarrass sets off amendments to the existing requirements ordinance analyzeor independence as part of the implementation of Sections 208(a) and 802 of the Sarbanes-Oxley interpret. This bind explains a section 201(a) of the Sarbanes-Oxley Act and the net rules set forth in the release that prevent an auditor from providing the different types of non-audit work to an audit client, those argon overthrow to various exceptions and qualifications. Read the phrase to pop out the details of exceptions and qualifications. The rule provides that auditors may provide measure services to audit clients, assailable to audit committee p re-approval.\n\n33-8180 holding of Records Relevant to Audits and Reviews\n\nThe rules require accounting firms to retain for seven years work papers and other specified documents and records related to the audit or review of an issuers financial statements. The advanced rules will practise to records relating to audits or reviews completed subsequently October 31, 2003. The rule requires auditors to retain records pertinent to an audit or review, including workpapers and other documents that form the basis of the audit or review and (ii) memoranda, correspondence, communications, other documents and records (including electronic records),\n\n338177 Disclosure required by Sections 406 and 407 of the Sarbanes-Oxley Act of 2002\nThis concluding rule requires reporting companies to see whether at least iodin person\n\non the audit committee is a financial sound; and whether the company has adopt\n\na system of moral philosophy for senior financial management. The final ru les are effective 30 days after offspring in the Federal Register. Companies are required to provide the new disclosures in annual reports for fiscal years ending on or after July 15, 2003. low-down business issuers, however, are not required to provide the audit committee financial expert disclosure until their annual reports for fiscal years ending on or after celestial latitude 15, 2003.\n\nKindly hunting lodge system made Essays, Term Papers, investigate Papers, Thesis, Dissertation, Assignment, Book Reports, Reviews, Presentations, Projects, Case Studies, Coursework, Homework, productive Writing, Critical Thinking, on the essay topic by clicking on the order page.If you want to get a full essay, order it on our website:

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