Smackeyy Dog Food

External Auditing SEP10
September 18, 2010
Worksheet for You Decide

Name: Kevin Henlon Course Code SEP10__ trend ___/Date: 10/18/2010

Questions:

Q1:Discuss how the SEC has entrance (if any) over the analyze of Smackey Dog sustenances, Inc.

Smackey Dog Foods, Inc. is a publicly-held telephoner and has special accounting and audit requirements made by the SEC.  As a publicly-held company it is required to file annual audited financial statements with the U.S. Securities and Exchange Commission.  Then, Smackey Dog Foods, Inc. is required to file quarterly reports on Form 10-Q with SEC and those reports must be reviewed by the companies separatist listeners.  The SEC accounting and reporting requirements are more close than those normally required by Generally Accepted write up Principles. 
The Securities and Exchange Commission (SEC) serves as the administer of federal securities laws in the U.S. Basically, SEC oversight ensures that securities markets operate in a exclusively and systematic manner, that securities professionals are fair to their clients, and that all corporations make substantive information readily available so that investors have the square-toed information with which to make decisions.



An SEC audit is a panache for the SEC to ensure that firms comply with the rules and regulations it has set forth. SEC ossification should be a critical part of Smackey Dog Food Inc.s day-to-day operations, as a negative audit can lead to such consequences as a privation letter, sanctions, consumer mistrust, or worse.
Security issuer clients are regulated closely by the SEC, a federal government agency. CPA firms must bear witness with the agency and are subject to particular rules and regulations beyond the rules of the AICPA. The auditor is challenged to exercise professional judgment while complying with the standards and reaching the eliminate report on the fairness of the financial statements presented as a whole. The SEC has considerable influent in setting...If you want to get under ones skin a full essay, order it on our website: Ordercustompaper.com



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