Essay: Accounting Firms

This see is on report firms. The approach patterns require account firms to guard for seven days live papers and untested(prenominal) stipulate documents and records related to the study or review of an issuers pecuniary statements.\n\n\n33-8183 fortify the Commissions Requirements Regarding Auditor Independence\n\nThe disclose sets forwards amendments to the existing requirements regularisation visited accountor independence as part of the implementation of Sections 208(a) and 802 of the Sarbanes-Oxley fiddle. This member explains a section 201(a) of the Sarbanes-Oxley Act and the final exam rules set forth in the release that remove an canvasor from providing the different types of non-audit go to an audit client, those be orbit to various exceptions and qualifications. Read the bind to get the details of exceptions and qualifications. The rule provides that auditors may provide tax services to audit clients, keep down to audit committee pre-approval.\n\n3 3-8180 remembering of Records Relevant to Audits and Reviews\n\nThe rules require accounting firms to retain for seven years work papers and separate specified documents and records related to the audit or review of an issuers pecuniary statements. The new rules will obtain to records relating to audits or reviews completed after October 31, 2003. The rule requires auditors to retain records relevant to an audit or review, including workpapers and other(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 take by Sections 406 and 407 of the Sarbanes-Oxley Act of 2002\nThis final rule requires reporting companies to grass whether at least iodin person\n\non the audit committee is a financial skillful; and whether the company has choose\n\na system of moral philosophy for senior financial management. The final rules are effective 30 days a fter effect in the Federal Register. Compan! ies are required to provide the new disclosures in annual reports for monetary years ending on or after July 15, 2003. subtle business issuers, however, are non required to provide the audit committee financial expert disclosure until their annual reports for financial years ending on or after celestial latitude 15, 2003.\n\nKindly order bespoken made Essays, Term Papers, look into Papers, Thesis, Dissertation, Assignment, Book Reports, Reviews, Presentations, Projects, Case Studies, Coursework, Homework, yeasty Writing, Critical Thinking, on the essay topic by clicking on the order page.