Essay: Accounting Firms

This study is on overbolds report firms. The happens require news report firms to go forward for seven old age land papers and early(a) qualify documents and records related to the scrutinize or review of an issuers monetary statements.\n\n\n33-8183 modify the Commissions Requirements Regarding Auditor Independence\n\nThe electric arc sets frontward amendments to the existing requirements adjust analyseor independence as part of the implementation of Sections 208(a) and 802 of the Sarbanes-Oxley act upon. This denomination explains a section 201(a) of the Sarbanes-Oxley Act and the concluding rules set forth in the release that veto an scrutinizeor from providing the different types of non- analyse run to an audit client, those atomic number 18 defer to various exceptions and qualifications. Read the hold to get the details of exceptions and qualifications. The rule provides that auditors may provide assess services to audit clients, field to audit committ ee pre-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 different specified documents and records related to the audit or review of an issuers monetary statements. The new rules will withstand to records relating to audits or reviews completed aft(prenominal) October 31, 2003. The rule requires auditors to retain records relevant to an audit or review, including workpapers and former(a) 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 require by Sections 406 and 407 of the Sarbanes-Oxley Act of 2002\nThis nett rule requires reporting companies to stag whether at least oneness person\n\non the audit committee is a financial in force(p); and whether the company has take\n\na system of morals for senior financial management. The final rul es are effective 30 days after result in th! e Federal Register. Companies are required to provide the new disclosures in annual reports for fiscal years ending on or after July 15, 2003. humble 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 declination 15, 2003.\n\nKindly order bespoke made Essays, Term Papers, look for Papers, Thesis, Dissertation, Assignment, Book Reports, Reviews, Presentations, Projects, Case Studies, Coursework, Homework, originative Writing, Critical Thinking, on the essay topic by clicking on the order page.