ACC 573 Week 7 Assignment 2 Accounting Quality
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Assess the impact to public trust when a publically traded company restates its financial data , indicating how negative impressions may be minimized . Provide support for your rationale . Evaluate the current trend of companies restating financial statements . Indicate the key drivers of this trend . Predict the trend over the next five years , providing support for your rationale . ==============================================
ACC 573 Week 7 Assignment 2 Accounting Quality
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Write a four to five ( 4-5 ) page paper in which you : Assess the roles of the Board of Directors and Chief Executive Officer of a public company for establishing an ethical environment that generates quality accounting and reliable financial reporting for use by shareholders and investors . Provide support for your assessment . Recommend a strategy for a CEO to implement , leading to an ethical environment that leads to high-quality accounting , reporting , and forecasting . Provide support for your recommendation . Suggest how corporate management can provide assurances to investors that the performance forecast and expected earnings will be realized , minimizing the volatility of the stock price . Provide support for your suggestions . Evaluate the consequences to a publically traded company when there is a lack of quality within financial accounting and reporting , indicating how these consequences may be minimized . Provide support for your answer . Assess the requirements of the Sarbanes-Oxley Act related to accounting quality , indicating whether or not you believe the requirements are sufficient to protect stockholders and potential investors . Provide support for your position .