Analyze Roles And Responsibility For Compliance Case Analysis

Improved Essays
Final Project Part 1
Tina McGee
Due 9/25/2017

I. Analyze Roles and Responsibility for Compliance

A. A finance manager is tasked to manage the funds of a company to the best benefit of the company while following compliance guidelines. To do this some of the decisions a finance manager would make would pertain to the capital structure of a company, input on investment and dividends, cash management and very importantly evaluating the financial performance of the company.
B. As a financial manger each of the above decisions will need to be made in the most ethical and legal manner possible. A finance manager holds the trust and faith of his various board members, company employees and shareholders. Pressure could be felt to over or under
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Several different guidelines have been put in place to insure that financial reporting is done correctly and accurately. International Financial Reporting Standards or IFRS guidelines where adopted to insure that all companies gather and disclose their information in the same manner. In response to the Enron bankruptcy in late 2001 Sarbanes Oxley Act (SOX) was enacted. SOX reformed; the auditing and accounting procedure which included internal controls and checks and balances, brought into focus oversight responsibility of corporate director and officers making it mandatory to disclose bonuses and special considerations, addressed conflicts of interest and required the chief executives to certify tax documents and financial statements. Where SOX created standard checks and balances with strong auditing/accounting procedures as well as made penalties for fraudulent activates the SEC required disclosure obligations. The SEC created an integrated disclosure system that made it mandatory for most corporations to disclose certain information. These measures are appropriate as both complimented each other as SOX required the data to be accurate and the SEC required the information to be reported in a uniform manner to the public and …show more content…
Knowing the differences between the largest U.S. Stock Markets will help to determine where to place your stocks for sell. National Association for Stock Dealers Automated Quotations (NASDAQ) was launched in 1971 and is a dealer based securities market where dealers sell directly to firms or investors. All sales are completed via phone or internet. Stocks traded on NASDAQ are generally from companies too small to meet the stock exchange qualification. Stocks traded here are volatile and growth stocks such as technology stocks and have so many such stocks that it is thought to be a strong indicator of upcoming technology industry trends. As NASDAQ is geared toward smaller companies I would trade my stock here. The New York Stock Exchange or NYSE was launched in 1792 and is an auction style securities market where brokers purchased stock for clients or firms. Trading of stocks is actually done in person on the floor of the NYSE. Stocks are usually from a company that has at least 2200 shareholders and has more than 100,000 shares monthly. The requirements are stringent enough to make the stocks traded be from well-established company with a large

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