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In the wake of the accounting and finance scandals of the early 2000s,
the regulatory environment for businesses changed dramatically to
create more accountability and transparency. Agencies like the
Securities and Exchange Commission (SEC) and the Public Company
Accounting Oversight Board (PCAOB) play a greater role in enforcing
and auditing companies for compliance to regulations such as the
Sarbanes-Oxley Act of 2002.
Select an accounting regulatory or standards agency (e.g. PCAOB,
IASB, etc.)
Select a public company that you either currently work for, have worked
for in the past, or one with which you are familiar.
Create a 1,050-word analysis of the regulatory environment:
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Identify one or more regulations that would apply to your selected
company.
Discuss the ways that compliance with the regulations is beneficial
to the company, industry, and consumers.
Examine how the agency you selected and your selected company
work together.
Explain the role of ethics in the regulatory environment.
Discuss the ways in which the regulatory environment would
directly affect your role in the company in either your current role
or your desired career with the organization.