The Sarbanes-Oxley Act created the Public Company Accounting Oversight Board (PCAOB) to assume the responsibility of overseeing the auditors of public companies. The PCAOB is a private-sector‚ non-profit corporation. It was established to "protect the interests of investors and further the public interests in the preparation of informative‚ fair‚ and independent audit reports". (The PCAOB) Although the PCAOB is a private sector organization‚ it has many government-like regulatory functions. The PCAOB
Premium Audit Public Company Accounting Oversight Board Enron
Q1 Definition of ’Accounting Information System - AIS’ The collection‚ storage and processing of financial and accounting data that is used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resulting statistical reports can be used internally by management or externally by other interested parties including investors‚ creditors and tax authorities. Investopedia
Premium Net present value Time value of money Software development process
Accounting System Paper Jamira Perry HCS/405 July 18‚ 2011 Diana Schilling Accounting System Paper When it comes to accounting‚ people only think that it is associated with inside banking. There is more to accounting than inside banking because accounting has elements as well as any other system. It may differ from other types of systems because it is just what it says and that is accounting. Some people don’t like the accounting situation because it consists of math and that
Premium Accounts receivable Accounts payable Accounting software
Nature of Auditing and the Public Accounting Profession 1. Auditing neither creates goods nor adds utility to existing goods and therefore does not add value to business. Auditing exists only because it has been legally mandated. Auditing exists because it is needed by the company. It is beneficial to users who need assurance if their financial statements reflect economic conditions that occurred in a period. Without reliable information‚ companies might make less effective decisions which
Premium Financial audit Auditing Audit
This essay aims to discover and analyse adult obesity as a public health issue in England that has gained attention as it has a detrimental effect on society. The rationale for choosing adult obesity as a public health issue is to comprehend and develop the knowledge of its impact and promote good health. In this essay brief description of obesity‚ its trends and the bio-psychosocial factors that determine their health and wellbeing will also be covered along with health inequalities an obese or
Premium Nutrition Obesity Health
Discussion I. I. Accounting information system is a combination of collecting‚ recording‚ storing‚ and processing data of a business. The advancement of technology initiates business firms to seek for new innovations that would greatly help in business functions. As what Dillon and Kruck (2004) had explained‚ “at the start of the 21st century‚ business organizations are facing an explosion of global competition and innovation and facilitating this explosion is the increasing ability of organizations
Premium Information systems Accounting software Decision making
February 06‚ 2012 Abstract The public school system in America is a topic that is surrounded by great debate. There are many questions that surround this topic. The research question for this paper was‚ is the public school system failing to prepare our children for the future? And‚ what solutions are available if the system is failing? The methodology the researcher used in this paper was literature review‚ and he also conducted an interview with someone working in the field. In this paper
Premium Alternative education Education High school
Elimination of Merit Systems For many reasons‚ merit based civil service systems have come under assault and yet at the same time have been hailed. Merit systems do however attempt and achieve many important objectives including ensuring that an effective workforce is attracted and maintained by providing protections against arbitrary termination and by attempting to avert politically influenced hiring and promotions. Notwithstanding‚ the way merit systems go about attracting a workforce
Premium Public administration Bureaucracy Civil service
An accounting information system is system that keeps record for a business to maintain its accounting system. Accounting information systems combine the study and practice of accounting with the design‚ implementation and monitoring of information systems. The use of such systems uses modern information technology resources together with traditional accounting methods to provide the users with the necessary information to manage their Organisation. Accounting information systems has its strengths
Premium Accounting software
American political and governmental system is led by democracy. According to political scientist Larry Diamond‚ democracy is a system of government where citizens of a state are involved in the decision making of the country. They are part of the major stakeholders who decide how a country should be governed other than the Government itself outlining what is right for them. Citizens of a democratic country are allowed to vote and freely choose a leader who they want to govern them and lead the country
Premium Democracy Government United States