SEC Registrants
Briefly describe (and cite source for each):
- the company,
- the location of its corporate headquarters,
- its business,
- its area of operations,
- major products
- operating segments,
- major competitors,
Describe at least 5 risk factors and the possible impact on the Company if it does not successfully manage these risks. ( cite source)
- Why would auditors want to know about their clients’ business-related risks?
Describe The Company’s audit committee and its duties. (cite sources for each)
- Who is the designated financial expert on the audit committee? ( cite source)
- Does the designation as only one individual as a financial expert seem adequate for the complexity of The Company and the requirements of the Sarbanes-Oxley Act?
- Review the audit committee’s report and describe its primary contents.
- Describe the Audit Committee Charter
Who is the auditor for The Company? ( cite sources for each)
- What were the fees charged for audit services for each of the last two fiscal years?
- What were the type and amounts of other fees for services for each of the last two fiscal years?
- Describe and conclude on the process used by the Audit Committee to determine the independence of the independent registered public accounting firm.
Formatting:
Response should not exceed 2 single spaced pages (note the increase in page limit). Please review your syllabus for all other formatting and submission guidelines. The due date for this project is also indicated on your syllabus.