TAILIEUCHUNG - Lecture Advanced accounting (12/e): Chapter 12 - Joe B. Hoyle, Thomas F. Schaefer, Timothy S. Doupnik

Chapter 12 - Financial reporting and the securities and exchange commission. After studying this chapter, you should be able to: Understand the origin and expansive role of the Securities and Exchange Commission, describe the purpose(s) of various federal securities laws, understand the congressional rationale for enacting the Sarbanes-Oxley Act and the responsibilities of the Public Accounting Oversight Board,. | Chapter Twelve Financial Reporting and the Securities and Exchange Commission McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Major Influence on the Development of US GAAP Independent Agency of the Federal Government Established by the Securities Exchange Act of 1934. Mandate is to ensure that complete and reliable information is available to investors Direct authority Applies to Publicly Held Companies SEC Securities and Exchange Commission (SEC) LO 1 12- SEC: Independent Agency of the Federal Government Established by the Securities Exchange Act of 1934. Direct authority Applies to Publicly Held Companies Mandate is to ensure that complete and reliable information is available to investors Major Influence on the Development of US GAAP Federal Securities Laws The 1934 Act Established the SEC Spurred by the Great Depression following the 1929 Stock Market Crash, Congress enacted: LO 2 12- Spurred by the Great Depression following the 1929 Stock Market Crash, Congress enacted: Securities Act of 1933 that Regulates the initial offering of securities by a company or underwriter. Securities Exchange Act of 1934 that Regulates the subsequent trading of securities through brokers and exchanges. Full and Fair Disclosure Securities Act of 1933 New securities must be registered prior to public sale. Securities Exchange Act of 1934 Requires continuous reporting by publicly traded companies. Prohibits fraudulent and unfair behavior. Public Utility Holding Company Act of 1935 Requires registration of interstate holding companies of public utilities. 12- Securities Act of 1933 New securities must be registered prior to public Utility Holding Company Act of 1935Requires registration of interstate holding companies of public Exchange Act of 1934 Requires continuous reporting by publicly traded companies. Prohibits fraudulent and unfair behavior. Full and Fair Disclosure In 2001 and 2002, .

• Kế toán - Kiểm toán
• Advanced accounting
• Lecture Advanced accounting
• Advanced financial accounting
• Financial statements
• Accounting valuation
• Exchange commission
• Equity method of accounting
• International accounting diversity
• Accounting for legal reorganizations
• Accounting for state
• Accounting for leases
• Accounting for estates
• Investment accounting
• Consolidation of financial information
• Consolidated financial statements
• Intra entity asset transactions
• Variable interest entities
• Income taxes
• Interim reporting
• Foreign currency transactions
• Foreign currency financial statements
• Partnership advantages
• Statement of liquidation