Smackeyy Dog Food

External Auditing SEP10 September 18, 2010 Worksheet for You Decide Name: Kevin Henlon Course edict SEP10__ trend ___/Date: 10/18/2010 Questions: Q1:Discuss how the instant has entrance (if any) over the analyze of Smackey Dog sustenances, Inc. Smackey Dog Foods, Inc. is a publicly-held telephoner and has special accounting and study requirements made by the SEC.  As a publicly-held company it is required to file annual audited financial statements with the U.S. Securities and Exchange Commission.  Then, Smackey Dog Foods, Inc. is required to file every quarter reports on Form 10-Q with SEC and those reports must be reviewed by the companies separatist listeners.  The SEC accounting and reporting requirements are much close than those norm eachy required by Generally accepted write up Principles.  The Securities and Exchange Commission (SEC) serves as the get by of federal securities laws in the U.S. Basically, SEC oversight ensures that se curities markets operate in a exclusively and systematic manner, that securities professionals are fair to their clients, and that all corporations make substantive information readily available so that investors have the square-toed information with which to make decisions.

An SEC audit is a panache for the SEC to ensure that firms comply with the rules and regulations it has couch forth. SEC ossification should be a critical place of Smackey Dog Food Inc.s day-to-day operations, as a negative audit can lead to such consequences as a privation letter, sanctions, consumer mistrust, or worse. Security issuer c lients are regulate closely by the SEC, a fe! deral government agency. certified public accountant firms must bear witness with the agency and are idea to particular rules and regulations beyond the rules of the AICPA. The auditor is challenged to exercise professional intellect while complying with the standards and reaching the eliminate report on the forthrightness of the financial statements presented as a whole. The SEC has considerable influent in setting...If you want to get under ones skin a full essay, order it on our website: BestEssayCheap.com

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