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Accounting By Sarah Esquivel Summary

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The Financial Executives International and Drake University School of Accounting hosted the Thirtieth Annual Lecture which was presented by Sarah Esquivel. Sarah Esquivel is currently the Associate Chief Accountant for the Securities and Exchange Commission (SEC). Her presentation was an overview of what the SEC, specifically the Office of the Chief Accountant (OCA), is and does. Esquivel also included information on the new and changing accounting rules. The 2016 FEI lecture was honored to have Sarah Esquivel present and talk about the SEC and up and coming changes to the field.
As she described, the SEC works to regulate public companies. The office that Esquivel works in is the OCA. The OCA is the technical accounting area of the SEC. They help and work closely with companies to make sure all financial statements are reported as they should be, and they help figure out and answer complex questions. The OCA works closely with the big four accounting firms with are PricewaterhouseCoopers, Deloitte, Ernst and Young, and Klynveld Peat Marwick Goerdeler. …show more content…
These new accounting standards will have an effect on the SEC and the OCA because they have to be able to help people and companies adapt to using them and make sure they are using them correctly. The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are the groups that have been working together to come up with a common set of standards. They are working on coming up with a common set of rules so that financial statements from companies are easier to compare across the

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