User Account

All Pages

How would complying with sarbanes-oxley and pcaob auditing

Assignment Help Accounting Basics
Reference no: EM132730548

Public vs. Private Company Controls Standards

CEO Billy Jean has heard that due to the Sarbanes-Oxley Act, costs have increased significantly when operating a public company. Jean is especially apprehensive with reports that he can anticipate double the audit fees due to the internal control provisions of the Act and PCAOB Auditing Standard No. 2201. Jean has asked you to explain how the Sarbanes-Oxley requirements may affect the audit.

Required:

Problem 1: Organize and share your thoughts if the company decides to go public. How would complying with the Sarbanes-Oxley and PCAOB Auditing Standard No. 2201 change the company's responsibilities for internal control? Then use your thoughts to:

  1. Describe the changes in internal controls (due to PCAOB and Sarbanes-Oxley standards) needed once they become a public company.

Reference no: EM132730548

Questions Cloud

Evaluate the efficiency of various recruitment sources : Recommend strategic and tactical approaches to address the challenges associated with internal and external factors that affect recruitment and selection.
How inventory transactions are related to cost of goods sold : Explanation of how inventory transactions are related to cost of goods sold and how the process for recording material costs normally works
What is walsec incs life cycle budgeted revenues : In the first year of sales, Walsec Inc. intends to sell each wallet for $60. What is Walsec Incs life cycle budgeted revenues
The software deal : Do you see any communication and negotiation patterns related to the national cultures of both negotiation parties?
How would complying with sarbanes-oxley and pcaob auditing : How would complying with the Sarbanes-Oxley and PCAOB Auditing Standard No. 2201 change the company's responsibilities for internal control?
Does practice sound like a sensible incentive scheme to you : Some companies give their CEOs golden parachutes-large bonuses if the company is sold to an acquirer and the CEO loses his or her job. Does this practice sound.
Find what roco obligations for reporting detected weakness : At the planning stage of the audit, What are Roco's obligations for reporting detected weaknesses in the internal control system of Small Pikini Ltd
Employee engagement and teams : What would you do to your compensation and benefits plan to make it effective in aligning employee behavior and performance with the needs
How compare the breakeven points for two different options : How Compare the breakeven points for two different options. Assuming the company believes it can sell 2,800 units of its product at $10.00 price

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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