Author: United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Governmental Efficiency and the District of ColumbiaPublisher:
ISBN:
Category : Accountants
Languages : en
Pages : 584
Book Description
Oversight of the Accounting Profession
Author: United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Governmental Efficiency and the District of ColumbiaPublisher:
ISBN:
Category : Accountants
Languages : en
Pages : 584
Book Description
SEC and Corporate Audits: Oversight of the accounting profession
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and InvestigationsPublisher:
ISBN:
Category : Auditors
Languages : en
Pages : 1244
Book Description
Reform and Self-regulation Efforts of the Accounting Profession
Author: United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Oversight and InvestigationsPublisher:
ISBN:
Category : Accountants
Languages : en
Pages : 688
Book Description
The Oversight of the Audit Profession
Author: Ecaterina VolosinPublisher: GRIN Verlag
ISBN: 3640192303
Category :
Languages : en
Pages : 41
Book Description
Seminar paper from the year 2007 in the subject Business economics - Miscellaneous, grade: 1,0, University of Glamorgan (Business School), course: International Accounting & Audit, 23 entries in the bibliography, language: English, abstract: This paper provides an overview of the current regulatory frameworks for financial reporting and auditing in the UK, US and Germany. During the last years these frameworks were noticeably changed. These changes arose especially from political interest in accounting regulation following the Enron collapse. The main change in the US was the introduction of the Sarbanes-Oxley Act containing strict regulations for auditors, including their responsibilities and services. It also contains a list of prohibited audit activities, the so-called "non-audit" services. The main feature of the Act was the creation of an oversight board to regulate and control auditors of public companies. Thus the "Public Company Accounting Oversight Board" was established. The PCAOB is a private-sector non-profit overseer, supervised by the US Securities Exchange Commission (SEC) which regulates basically anything related to the securities market. Following the collapse of Enron and the turbulence in the UK markets that followed, a review of financial regulation in the UK was ordered, covering for example auditor independence, corporate governance, financial reporting and auditing standards and accountability of audit firms. In order to restore credibility in UK accounting the Financial Reporting Council (FRC), an independent private sector body funded by the accountancy profession, was set up. The FRC has several subsidiary bodies, including the Professional Oversight Board (POB) providing independent oversight of the regulation of the auditing profession. The German Auditor Oversight Commission (AOC) was established according to the Auditor Oversight Law. It is in charge of the public oversight of all activities of the German Chamber of Public Accounta
The oversight of the audit profession
Author: Ecaterina VolosinPublisher: GRIN Verlag
ISBN: 3640192036
Category : Business & Economics
Languages : en
Pages : 16
Book Description
Seminar paper from the year 2007 in the subject Business economics - Miscellaneous, grade: 1,0, University of Glamorgan (Business School), course: International Accounting & Audit, 23 entries in the bibliography, language: English, abstract: This paper provides an overview of the current regulatory frameworks for financial reporting and auditing in the UK, US and Germany. During the last years these frameworks were noticeably changed. These changes arose especially from political interest in accounting regulation following the Enron collapse. The main change in the US was the introduction of the Sarbanes-Oxley Act containing strict regulations for auditors, including their responsibilities and services. It also contains a list of prohibited audit activities, the so-called “non-audit” services. The main feature of the Act was the creation of an oversight board to regulate and control auditors of public companies. Thus the “Public Company Accounting Oversight Board” was established. The PCAOB is a private-sector non-profit overseer, supervised by the US Securities Exchange Commission (SEC) which regulates basically anything related to the securities market. Following the collapse of Enron and the turbulence in the UK markets that followed, a review of financial regulation in the UK was ordered, covering for example auditor independence, corporate governance, financial reporting and auditing standards and accountability of audit firms. In order to restore credibility in UK accounting the Financial Reporting Council (FRC), an independent private sector body funded by the accountancy profession, was set up. The FRC has several subsidiary bodies, including the Professional Oversight Board (POB) providing independent oversight of the regulation of the auditing profession. The German Auditor Oversight Commission (AOC) was established according to the Auditor Oversight Law. It is in charge of the public oversight of all activities of the German Chamber of Public Accountants (WPK) with respect to statutory auditors. The Commission has the ultimate responsibility in the areas of licensing, registration, disciplinary investigations and quality assurance, all with respect to members of WPK entitled to provide statutory audit services (WPK, n.d.). It is argued that these new regulations impose another layer of bureaucracy with significant costs for very little apparent gain. But ethical issues surrounding the public’s perception of auditor performance need to be addressed, not just for the sake of the profession, but for the efficiency and effectiveness of capital markets in general (Malthus and Scoble, 2005).
Securities and Exchange Commission Report to Congress on the Accounting Profession and the Commission's Oversight Role
Author: United States. Securities and Exchange CommissionPublisher:
ISBN:
Category : Accountants
Languages : en
Pages : 1202
Book Description
The Accounting Profession: Appendixes to Major issues, progress and concerns
Author: United States. General Accounting OfficePublisher:
ISBN:
Category : Accounting
Languages : en
Pages : 180
Book Description
Oversight of the Public Company Accounting Oversight Board
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored EnterprisesPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
Book Description
The Accounting Profession
Author: Donald H. ChapinPublisher: DIANE Publishing
ISBN: 0788135996
Category :
Languages : en
Pages : 184
Book Description
Contains the individual recommendations made by the major study groups affecting the accounting profession from 1972-95 & the actions taken on those recommendations. Includes a summary of the major studies, including the studies' report titles & information on the membership of the study groups; a list of experts on the subject of accounting & auditing & other knowledgeable individuals interviewed in the study; copies of written comments received from the AICPA, FASB, & the SEC on a draft of this report.
SEC and Corporate Audits
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and InvestigationsPublisher:
ISBN:
Category : Accountants
Languages : en
Pages : 1250
Book Description