The purpose of the prospectus is to ensure that the company gives to the public a certain amount of information about its financial position when it is first floated and whenever it subsequently offers its shares and debentures to the public. It must fully and fairly disclose the relevant facts so the risk of investment can be assessed (Vanessa, 2011). Prospectus is a way to give the public a clear understanding of newly listed companies, the investing public should take time to read before investment
Words: 2300 - Pages: 10
Virtual Organization: Riordan Manufacturing Learning Team B August 3, 2013 FIN370 Prof. Putnam, Richard There are many factors of strength that can be found in a company who’s going public, as well as the company understands that with going public, their real capital can be created. This capital can allow more money to go towards research and development, pay for current capital expenditures, or even help pay off existing debts (Investopedia, 2009). When an organization is publicly traded
Words: 1547 - Pages: 7
Sarbanes-Oxley Act of 2002 Bus 102 – Dr. Sean D. Jasso John Chi 12/9/2010 Table of Contents - Table of Contents Introduction History of the Act Implementation Impact on Business Policy Analysis Conclusion Appendix References pg. 1 pg. 2 pg. 3 pg. 4 pg. 7 pg. 9 pg. 11 pg. 12 pg. 14 1|P a ge Introduction Corporate Scandals are business scandals that initiate from the misstatement of financial reporting by executives of public companies who are the ones trusted to run these
Words: 4118 - Pages: 17
Case Study 2—Internal Control ACCT 504 WK 5 Professor: Melinda Howerton Date: April 5, 2014 Table of Contents Introduction 3 New Internal Control Requirements 4 Internal Control Strengths 4 Internal Control Weakness 5-6 Recommendations and Conclusion 6-7 Works Cited
Words: 1157 - Pages: 5
Second Homework 1. Publicly traded firms are required to produce annual reports and other disclosures. In what ways might a rival firm benefit from such disclosures? As part of your answer, identify at least one benefit that might have the effect of harming the disclosing firm. Analysts typically research and make buy and sell recommendations for about ten companies. Each analyst tends to follow firms that are all in the same industry. Why? Think about the process of gathering, understanding and
Words: 289 - Pages: 2
Procedures on the Administration of Information Disclosure of Listed Companies China Securities Regulatory Commission 01-30-2007 Order of the China Securities Regulatory Commission [2007] No. 40 The Procedures on the Administration of Information Disclosure of Listed Companies deliberated and adopted at the 196th Chairman Working Meeting of the China Securities Regulatory Commission are hereby promulgated and shall be effective as of the date of promulgation.
Words: 6439 - Pages: 26
LJB Company Going Public To: The President of LJB Table of Contents * Introduction * Sarbanes-Oxley requirements with publicly traded companies * Effective procedures currently being used * Conflicts and recommendations * Conclusion * Bibliography To: President of LJB Company After reviewing the information provided on LJB Company I have concluded that there are internal controls that must be in place according to Sarbanes-Oxley before taking the company public. The
Words: 905 - Pages: 4
Upon discussion and approval by the SSE's Board of Governors and report to the China Securities Regulatory Commission for approval, the SSE hereby publishes the new "Listing Rules", which shall come into effect from July 7, 2012 onwards. The original "Listing Rules" shall be abolished at the same time. In a bid to get well-prepared for the transition between old and new rules and ensure the smooth implementation of the new "Listing Rules", the SSE hereby makes the notice for relevant issues as
Words: 656 - Pages: 3
Introduction The Sarbanes-Oxley Act (SOX) was signed into law in July 2002 with the goal of improving the scope of declared information and the rectitude of financial statements of U.S. publicly traded companies through increasing their reporting standards, the implementation of independent audits, and the institution of steep penalties for corporate executives who submit fallacious filings (Botes, 2012). These actions provide increased investor assurance of the accuracy of public financial filings
Words: 2798 - Pages: 12
integrity of securities markets. The SEC oversees corporate disclosure of information to the investing public. Public companies in the United States with more than $10 million in assets and whose securities are held by more than 500 owners are required to file annual and quarterly statements (Forms 10K and 10Q) with the SEC. These forms are supposed to disclose information about such public companies financial condition and business practices. This disclosure is expected to help investors make informed
Words: 603 - Pages: 3
