Cyber attacks in public companies"

Assignment Help Accounting Basics
Reference no: EM13151499 , Length: 271 words

Cyber Attacks in Public Companies" Please respond to the following:

From the e-Activity, analyze the effects of the SEC's data breach disclosure requirement on financial reporting, based on the current language of the requirement. Recommend a change to the disclosure requirements to strengthen public company disclosures of cyberattacks. Provide support for your rationale.
Examine the impact of cyber attacks on potential investors in a public company. As an auditor, provide your recommendations for including the potential of a cyberattack in the 10-K, as opposed to an actual attack. Provide support for your recommendation. 

Reference no: EM13151499

Questions Cloud

What volume of ethylene glycol a nonelectrolyte, must added : What volume of ethylene glycol (C2H6O2), a nonelectrolyte, must be added to 12.7 L of water to produce an antifreeze solution with a freezing point of -34.6°C? (The density of ethylene glycol is 1.11 g/cm3, and the density of water is 1.00 g/cm3.)
What is the probability that entire batch wili be rejected : The entire batch will be rejected if at least one of those tested is defective. What is the probability that the entire batch wili be rejected?
Financial statement impacts of postponing purchase : Briefly discuss the financial statement impacts of postponing the purchase of the equipment. Would the market price of the firm's common stock be affected by any or all of these impacts?
Book value method to record the conversion : Use the book value method to record the conversion of $9 million of bonds into common stock with a $10 par value if conversion occurred when the market price of the common was $24 per share, and total convertible debt outstanding amounted to $36 m..
Cyber attacks in public companies" : , analyze the effects of the SEC's data breach disclosure requirement on financial reporting, based on the current language of the requirement. Recommend a change to the disclosure requirements to strengthen public company disclosures of cyberattacks..
Find probability of producing more than three faulty chips : Using suitable probability model, calculate the probability of producing more than 3 faulty chips per hour.Explain the reasons for choosing your probability model.
Reasonable allocation of the amount : In 2005, 509 Brunswick Avenue was sold for $550,000. A reasonable allocation of this amount is considered to be 75% to the building and 25% to the land.
Find true proportion of incomplete files commerical loans : Estimate the true proportion of incomplete files for all the bank's commerical loans. write a statement about the confidence level and intervel youn find?
What price and quantity will prevail if the monopolist : What price and quantity will prevail if the monopolist isn’t regulated? What price-output combination would exist with efficient pricing (MC = P)?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Making adjustments on the consolidated worksheet

When a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary, which of the following statements is false before making adjustments on the consolidated worksheet?

  Accounting cycle-sample financial statements

Collect the 4 main financial statements from credible sources (newspaper, peer-reviewed journals, investor relations, web sites or annual reports. Create a flow chart that illustrates the steps in the accounting cycle.

  Net increase or decrease in cost

It is estimated that variable manufacturing costs will be reduced from $26,000 to $23,500 annually if the new machine is purchased. The total net increase or decrease in cost for the new equipment for the entire five years is ??

  Governmental accounting and interest expenditure

It is sometimes said that in debt service funds, the accounting for interest revenue is inconsistent with that for interest expenditure. Explain. What is the rationale for this seeming inconsistency?

  Conducting analytical procedures

Research professional standards (AU 329) determine the requirement related to developing an expectation and conducting analytical procedures when those procedures are intended to provide substantive evidence.

  Explaining complex methodology

Describe a business situation where you have had to explain a complex problem or solution to a client or colleague. Describe the situation, your approach, and the outcome:

  What should the unit sales price be

Cara has received a special order from a foreign company for 5,000 units. There is sufficient capacity to fill the order without jeopardizing regular sales. Filling the order will require spending an additional $4,250 for shipping.

  Tax consequences of the liquidation

In a liquidation subject to section 332, Rose distributes assets to Pheasant and Crystal in accordance with their ownership interests. Discuss the tax consequences of the liquidation for Rose, Pheasant, and Crystal.

  Journal entries and computation of depreciation

On January 1, 2005, Solomon Company purchased the following two machines for use in its production process. Calculate the amount of depreciation expense that Solomon should record for machine B each year of its useful life under the following assum..

  Impact on consolidated financial statements

Which of the following describes the impact on consolidated financial statements of upstream and downstream transfers?

  Explain the meaning of temporary and permanent differences

What is the difference between pretax financial income and taxable income? Explain the meaning of temporary and permanent differences. Give at least two unique examples of each (please do not repeat what other students have posted)

  Selling and administrative expense budgets

The selling and administrative expense budget of Fenley Corporation is based on the number of units sold, which are budgeted to be 2,500 units in January. Prepare the selling and administrative expense budget for January.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd