Crystal Jones-Week 1 Case Study.docx

Crystal Jones-Week 1 Case Study.docx - Crystal Jones...

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Crystal Jones Professor Yasin Dadabyoy ACC542-Week 1 Case Study 1-22 June 9, 2017 Organizational Reports to Stakeholders 1. The mission of the US Securities and Exchange Commission (SEC) is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. Identify several ways that the SEC accomplishes its mission. In order to accomplish its mission, the SEC is comprised of five different divisions with various roles dedicated to issuing, amending, interpreting, and enforcing regulations regarding federal securities laws. Examples of each division’s additional responsibilities are listed below: -Division of Corporation Finance-reviews the documents required to be filed with the Commission from publicly held companies concerning their financial state and business performance such as the annual reports discussed in this case study. -Division of Trading and Markets-maintains fair, orderly, and efficient markets often done through surveillance and enforcement of financial integrity. -Division of Investment Management-protects investors by ensuring that provided disclosures are actually useful to consumers. -Division of Enforcement-makes recommendations for civil actions for violations and prosecutes the cases. -Division of Economic and Risk Analysis-provides support to the Commission’s policy development through economic analysis and risk assessment. 2. The goal of preparing an annual report is to communicate information from a company to its targeted users. (a) Identify and discuss the basic factors of communication that must
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