Audit Requirement

Overview of shelter change thrill U.S. Security and Exchange Commission ( bit) is a federal official agency which holds uncomplicated responsibility for enforcing the federal securities laws and adjust the security market in the United States. second base was constituted in 1934 as an independent, quasi-judicial regulatory agency after(prenominal) the gigantic market crash in 1929. The mission of U.S. Security and Exchange Commission is to protect investors, maintain fair, orderly and efficacious markets and hasten capital formation ( moment. The Investors Advocate: How the endorsement Protects Investors, Maintains marketplace Integrity, and Facilitates Capital Formation. From http://www.sec.gov/about/whatwedo.shtml#create). Currently, moment is responsible for administering Securities understand of 1933 and 1934, The Trust Indenture minute of 1939, The Investment Company act upon of 1940, The Investment Advisors solve of 1940, The Sarbanes-Oxley Act of 2002 and C redit Rating route of life Reform Act of 2006. Congress has allowed SEC to postulate 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 plight its objective of investor protection mission.

Out of numerous provisions, surgical ding 10(A) Audit Requirement is fundamental one. In 1995, with little fanfare, the SEC added a powerful new weapon to its enforcement arsenal, specifically give out at independent audito rs ... component part 10A of the Securities! Exchange Act of 1934, as amended. Although, to date, the SEC has only made limited white plague of Section 10A, the recent spate of false financial disclosures ensures much massive use of this powerful new weapon (Hecht, Charles. The SECs New Weapon: Section 10A. Retrieved July 2002 from http://accounting.smartpros.com/x34666.xml). Section 10(A) has trinity components that are audit procedures, let the audit committee experience and let the SEC know. Section...If you want to get a exuberant essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper