Audit Requirement

Overview of certification change missionary work U.S. Security and Exchange Commission ( bit) is a national agency which holds direct responsibility for enforcing the federal securities laws and adjust the security market in the United States. moment was constituted in 1934 as an independent, quasi-judicial regulatory agency afterwards the gigantic market crash in 1929. The mission of U.S. Security and Exchange Commission is to protect investors, maintain fair, orderly and economical markets and hasten capital formation ( siemens. The Investors Advocate: How the entropy Protects Investors, Maintains marketplace Integrity, and Facilitates Capital Formation. From http://www.sec.gov/about/whatwedo.shtml#create). Currently, randomness is responsible for administering Securities extrapolate of 1933 and 1934, The Trust Indenture minute of 1939, The Investment Company enactment of 1940, The Investment Advisors process of 1940, The Sarbanes-Oxley Act of 2002 and Credit Rating guidance of life Reform Act of 2006. Congress has allowed SEC to come obliging enforcement actions against individual or companies in violation of securities law. It is the primary eubstance to regulate public companies and their activities in United States. SEC has enacted several(a) rules, regulations and releases to keep up its objective of investor protection mission. Out of numerous provisions, surgical cacography 10(A) Audit Requirement is fundamental one. In 1995, with little fanfare, the SEC added a powerful new weapon to its enforcement arsenal, specifically reveal at independent auditors ... component part 10A of the Securities Exchange Act of 1934, as amended. Although, to date, the SEC has only made limited aim of Section 10A, the recent spate of false financial disclosures ensures more(prenominal) massive use of this powerful new weapon (Hecht, Charles. The SECs New Weapon: Section 10A. Retrieved July 2002 from http://accounting.smartpros.com/x346 66.xml). Section 10(A) has deuce-ace compo! nents that are audit procedures, let the audit committee erect and let the SEC know. Section...If you want to get a sufficient essay, order it on our website: OrderCustomPaper.com

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