Describe the varying degrees to which closely held corporations and publicly traded corporations are regulated.
What will be an ideal response?
Closely held corporations are relatively free from regulation, while public corporations are subject to extensive regulation. This regulation began in the 1930s with the Securities Act of 1933 and then with the Securities Exchange Act of 1934, which established the Securities and Exchange Commission (SEC). As a result, public corporations are subject to SEC filing. The Sarbanes-Oxley Act of 2002 imposed further regulation on public companies, and established the Public Companies Audit Oversight Board.
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A study of hospitals showed that pay-level practices and pay structures combined to affect ______.
A. ethical behavior B. resource efficiency C. patient satisfaction outcomes D. job satisfaction
Company A wants to use some technology that Company B has developed, so Company A pays Company B a license fee, called a(n): A) permission fee
B) royalty. C) IPR. D) rights payment.
Which of the following cases involved an employee's personal e-mails?
(a) Michael A. Smyth v. The Pillsbury Company. (b) Stratton Oakmont v. Prodigy. (c) Cubby v. Compuserve. (d) None of the above.
Which of the following is true about the auditors' observation of the client's physical inventory?
A. The auditors' observation addresses the existence assertion. B. The auditors should supervise the client's personnel. C. The count must be made at year-end. D. The auditors should justify any omission of the observation in the audit report.