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

  Basics of minimum lease payments

The minimum lease payments were determined to have a present value of $227,448 at an effective interest rate of 10%. With respect to this capitalized lease, for 2011 Ogleby should record:

  Concept related to overall net operating income

What would be the impact on the company's overall net operating income of buying part W28 from the outside supplier?

  Components of the common body of tax law

Describe the components of the common body of tax law (CBOTL). Include in your response answers to the following questions:

  Problem related to deposits or withdrawals

If Kelly deposits $10,000 into an account that pays 8 percent interest, compounded annually, and she makes no further deposits or withdrawals, how much will Kelly have in her account at the end of 5 years?

  Calculate the lower of cost or market for the inventory

If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account.

  Problem relating to depreciation expense

Bateman Corporation sold an office building that it used in its business for $800,000. Bateman bought the building ten years ago for $600,000 and has claimed $200,000 of depreciation expense. What is the amount and character of Bateman's gain or l..

  Management assertions and quantifying materiality

What are management assertions? How do they affect the financial statements? How does the auditor formulate audit objectives based on management assertions?

  Sketch a job-cost record

Western State University uses job-cost records for various research projects. A major reason for such records is to justify requests for reimbursement of costs on projects sponsored by the federal government.

  Build up an income statement in good form

Build up an income statement in good form for Sanford Company for the first three months of 20x3. Provide journal entries for each of the transactions. The numbers in the journal entries can be rounded to the nearest dollar.

  Compute the total cost function and total cost for the month

Custom Computers is a company started by two engineering students to assemble and market personal computers to faculty and students. The company operates out of the garage of one of the students' homes. From the following costs of a recent month, ..

  Calculate the effect of the adjustments

Calculate the ratios for 2014 as Gross Profit Margin B. Profit Margin, Return on Assets and Current Ratio - calculate the effect of each of the adjustments on the profit figure of $63,500 as shown in Michael's draft accounts.

  Company personnel erroneously recorded a sales transaction

Describe what is likely to occur if company personnel erroneously recorded a sales transaction for the wrong customer. What if a cahs receipt were applied to the wrong customer? Identify Internal control that would detect or prevent thid from occurri..

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