requires that any accounting firm that prepares or issues an audit report with respect to a U.S. public company must register with the Public Company Accounting Oversight Board (PCAOB). Until recently, an accounting firm was required only to provide information current as of the initial registration date for the firm. Beginning on December 31, 2009, accounting firms were required to register with the PCAOB and file annual and current reports with the PCAOB. On August 13, 2009, the SEC approved the proposed
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Marketing Project Potential Sources The company’s website is a good starting point, but a well-researched product needs to go beyond the corporate website. The following are several suggested sources. Annual Reports The following are several sources from which an annual report can be obtained. http://www.annualreports.com www.annualreportservice.com/ www.zpub.com/sf/arl/ www.prars.com/ Web Sites http://www.census.gov Provides access to general population figures. Overview
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scope of a company’s internal control procedures and present its findings in its annual audit report. This audit report must include an evaluation of whether the internal controls provide both a system of maintaining records that fairly and accurately reflect the company’s transactions, and a reasonable assurance that transactions are recorded in accordance with the preparation of GAAP financial statements. The audit report must also contain a description of any material weaknesses in the internal controls
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Form 8-K : is a report required to be filed by public companies with the United States Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended. After a significant event like bankruptcy or departure of a CEO, a public company generally must file a Current Report on Form 8-K within four business days to provide an update to previously filed quarterly reports on Form 10-Q and/or Annual Reports on Form 10-K. Form 8-K is a very broad form used to notify investors
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operations. The company is a publicly-held holding company trading on the New York Stock Exchange under symbol “PHM”. This essay will review the 2010 the Annual Report. Ernst & Young LLP, the independent registered public accounting firm that audited the Company’s consolidated financial statements included in the annual report issued the report on the effectiveness of PulteGroup, Inc. internal control over financial reporting as of December 31, 2010. It is their opinion that PulteGroup, Inc. maintained
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Eindhoven, The Netherlands Abstract Purpose – This paper aims to study the relationship between intellectual capital disclosures (ICDs) and the relative importance of intangible assets as company value drivers. Design/methodology/approach – Annual reports of Swedish, British and Danish firms are analysed to measure the extent of ICD. The level of intellectual capital (IC) in firms, measured with proxies for the categories of human, structural and relational capital. Findings – As to the components
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disclosure in financial reporting is necessary because this report reflects the financial activities of the business, if this report is not accurate, and if information omitted or altered affects the decisions of the person using or reading the reports. The government created the SEC and FASB; these two organizations set guidelines to ensure that companies and business disclose the information required by the law. A full disclosure of a financial report (cash flows, income, expenses, and investments) need
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1. What are the main sections of an annual report? What are the key contents of each of these sections? | | | Answer: A common annual report is sectioned in some parts and it is briefed with key contents here:Director's report: The director’s report includes the major events of the firm in the preceding year.Management discussion and analysis (MD&A): Management discussion and analysis is the management’s interpretation of the market economy, size, demand and company’s competition and competence
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aunt Amelia about his concerns. Aunt Amelia not knowing enough about the financial situation or accounting in general, asked Nick if she should mention the issue to the audit committee. Aunt Amelia now needs to make the decision to whether or not report the revenue recognition concerns the audit committee. Issues One of the issues is the concern if the company is using aggressive conservative revenue recognition to build reserves to use in future periods when earnings will decrease
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