Public company

The Sarbanes-Oxley Act (SOX) was put into place in 2002 by Congress after being developed by Senator Paul Sarbanes and Representative Michael Oxley. The purpose of SOX is to “protect shareholders and other stakeholders of publicly traded companies” (Vanderbeck, 2013, p. 11). SOX became about because although The United States already had the Securities Act of 1933 it only held the corporations responsible, therefore, the CEO’s did not have to legally tell the truth making it hard hold them…

private company for the majority of its existence, but began public trading in 2010. The 2015 Form 10-K revealed that the company is financially stable, despite challenges due to the high risk dependence on Congressional budget constraints that includes Department of Defense sequestration. The company uses General Acceptable Accounting Principles (GAAP) along with some…

greatly increased in the past seventy years, and to attract a greater percentage of households to invest in the stock market, a new auditing standard and related amendments to enhance the auditor 's reporting model were proposed for public comment by the U.S. Public Company Accounting Oversight Board (PCAOB) on 13 August 2013. Changes to the audit reporting model require auditors to provide additional information to investors…

Organization The Corporation Ferguson Enterprises Incorporated is a publicly traded company, which means that ownership is dispersed among the general public in many shares of stock. The ticker symbol is WOS because Wolseley, a Switzerland-based industrial distributor, acquired the company in 1982 but retained the name Ferguson. Since then, Ferguson Enterprises has grown from a local distributor to an $11 billion company. A wide assortment of marketing techniques helped in the substantial…

Triple bottom line reporting Hypothesis: Pick n Pay operates as a successful Public Company Pick n Pay like many other public companies runs a lot of CSR programmes. From the three most recent annual reports we can analyse the level of success achieved by Pick n Pay in terms of Triple bottom line reporting, from there we can determine if Pick n Pay does operate a successful public company. • People In terms of people Pick n Pay does a lot of things to help the people around them and they also…

Sarbanes-Oxley Act Impact on Businesses When determining to transition from a private company to a public company there are many factors that must be considered. There are decisions that need to be made determining whether enough capital can be raised. The economic impact of the transition in some cases will be the deciding factor in this determination. There are both advantages and disadvantages to either side and companies must factor in all characteristics when making such an integral…

before a company goes public. For example, historical financial statements are necessary to evaluate the company’s value and risk. Many aspects must be taken into consideration before a company decides to go public. In fact, the process is so complex that many companies decide to withdraw in the mist of it. Table 1 below shows the number of companies withdraws from the process after the passage of the Sarbanes-Oxley Act of 2002: The Cost of an IPO Though used to raise capital, companies incur…

Waffle House are the associates and employees of the company. Waffle House stock is not open to the public and most stock is purchased by employees or given to employees based on promotion. The company website says that Waffle House stock has increased in the past 60 years and the generation of stock is solely based on the performance of restaurants. According to privco.com, Waffle House has a 4% Annual Revenue growth rate per year. The company also has a 4.3% Employee Growth Rate. The 3 year…

leader with a significant track record of success, in both public and privately held companies. He has over thirty year’s business experience in numerous industries. Ken has held executive roles in management, sales, marketing and operations. He is known for leading change in complex business environments while improving efficiencies and profitability. Ken has extensive experience dealing with Private equity and Venture capital companies. Most recently Ken was the Senior Vice President of…

be quantified, it is very difficult to measure and quantify for the benefits that come along with SOX (Jahmani & Dowling, 2008). According to Suraj Srinivasan from Harvard Business School, “Markets have been able to use the information to assess companies more effectively, managers have improved internal processes, and the internal control testing has become more cost-effective over time.” (Hanna, 2014). Steve Schwarzman, CEO of private-equity juggernaut Blackstone, recently said that…