Public company

The Public Company Accounting Oversight Board (“PCAOB”) was established by congress in 2002 to oversee auditors of public companies. The law stipulates that the PCAOB inspect auditor firms’ performances and their quality control systems regularly to make sure they follow the standards that the PCAOB set up. For the auditors of public companies, the PCAOB implements a risk-based approach to assess audit engagements. The inspection uses high-risk samples to evaluate an auditing firm instead of random samples. There are some criticisms about this risk-based approach. For example, this method may not represent a firm’s average audit quality since it focusses on some difficult audits (Church and Shefchik, 2012). However, I think it is fair from…

The Public Company Accounting Oversight Board (PCAOB) is a nonprofit organization that regulates auditors of publicly traded companies. PCAOB was organized as a result of the making of the Sarbanes-Oxley Act of 2002. PCAOB purpose is to ensure that the auditor is following a set of strict guidelines on the protection for investors and other stakeholders of public companies. PCAOB vision is to be a "model regulatory organization" that strives for new ideals without maximizing the cost. PCAOB is…

success that HealthSouth was known for was a lie, a mask to hide what was going on behind the scene, hidden from the public eye. A secret so well hidden, that it went unnoticed for years. A secret so large it broke not only the law but several accounting principles. It was the rise and fall of the largest and most victorious corporation in the Health Care Corporate Field; the HealthSouth scandal. During the years 1996 to 2003 it was proven that the American corporation HealthSouth led by its…

Recruitment and selection. P1 Tesco is a public limited company which means that its securities are traded on a stock exchange and also can be bought / sold by any individual. A public limited company is required by law to share their true financial position so that people wanting to invest know the true worth of its shares. An advantage of Tesco being a public limited company is that Tesco can raise large sums of money as there is no limit to how many shareholders a public limited company can…

the financial statements, increasing the confidence of those who rely on the information” (page. 16, 2016). After the frauds scandal of WorldCom and other companies, the investors lost their confidence in the accounting department (page.16, 2016). To increase the investors’ confidence one again, Congress created the Sarbanes-Oxley Act of 2002 to prevent future frauds from happening (page. 16, 2016). This act made the audit profession important to society. Why is Audit important to Public…

application cyber security company based in Israel with offices worldwide. The United States headquarters is in Newton, MA. with regional sales offices in Ft. Lauderdale, Houston, Las Angles and Chicago. The company is well known in the IT Security Company with a quality product designed to secure data in the enterprise as well as the cloud. The flagship product is called Cyber Vault is focused on protecting the “Key’s to the kingdom” for an Enterprise. In other words the privileged account…

specialty chemicals and technologies company that serve a wide range of companies and consumers in the architectural, automotive, construction, food and beverage, and much more. This company employ “more than 5,000 passionate, tenacious solvers – from renowned scientists and research chemists to talented engineers and plants operates – who thrive on developing practical innovative and elegant solution to complex problems for customers in more than 100 counties” (Ashland…

other market competitors. The graphs are not only visually appealing, but also enables individuals to comprehend the meaning of the financial data easily. The only major disadvantage of Google Finance compared to other competitors in the market is the lack of financial content. Google needs to concentrate on providing rich financial content to attract more professional finance users. Other competitors like Morningstar and Yahoo Finance have a wide collection of applications to help…

Reebok India Reebok international ltd is a public company. It was incorporated in 1979 as Reebok U.S.A. It generate sales of $3064 billion in 1997.reebok stock exchange was setup in New York. Reebok was founded in 1895 by j.w foster and sons in Bolton Lancashire, England. Then it was renamed as Reebok in 1958. It has been operating as a subsidiary of Adidas since 2005. Product line Reebok is an athletic footwear company. It produces and distributes fitness and sports items including. The…

invest in a particular publicly traded company. A clear presentation of the risks involved, should explain a possible return on investment and general nature of business within the company. (Gupta & Dhingra, 2012). A perfect company for investment…