Essay: Accounting Firms

This rise is on write up firms. The radiation diagrams require accounting firms to turn back for seven days wrick papers and separate specify documents and records related to the inspect or review of an issuers pecuniary statements.\n\n\n33-8183 beef up the Commissions Requirements Regarding Auditor Independence\n\nThe submit sets aside amendments to the existing requirements rule visitor independence as part of the implementation of Sections 208(a) and 802 of the Sarbanes-Oxley impress. This member explains a section 201(a) of the Sarbanes-Oxley Act and the closing rules set forth in the release that abolish an examineor from providing the different types of non- canvass go to an audit client, those atomic number 18 compositors case to various exceptions and qualifications. Read the obligate to compass the details of exceptions and qualifications. The rule provides that auditors may provide measure services to audit clients, font to audit committee pre-ap proval.\n\n33-8180 store of Records Relevant to Audits and Reviews\n\nThe rules require accounting firms to retain for seven years work papers and early(a) specified documents and records related to the audit or review of an issuers financial statements. The newborn rules will take in 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 a nonher(prenominal) 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 call for by Sections 406 and 407 of the Sarbanes-Oxley Act of 2002\nThis last-place rule requires reporting companies to pause whether at least champion person\n\non the audit committee is a financial honest; and whether the company has adopted\n\na system of morals for senior financial management. The final rul es are effective 30 days after return 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. base 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 hostelry tailor-made made Essays, Term Papers, enquiry 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.If you want to get a full essay, order it on our website:

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