week 1.1 Discussion - The importance of Accting. Research - Answers.docx

Week 1.1 Discussion - The importance of Accting. Research - Answers.docx

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Week 1 Discussion The Importance of Accounting Research Reading and understanding accounting research on complex accounting and business issues can have many benefits for companies, CFOs, regulators, and investors. Discuss the power of these individuals and their effects on the role of accounting within an organization. Why would these entities want to study accounting research? Provide an example of possible differences that could exist between the groups Answers: The CFO or Chief Financial Officer is the mindful party for budgetary exercises inside the whole association. This obligation incorporates budgetary making arrangements for the association and observing money streams inside the association (Investopedia.com, 2015). The CFO and CEO are additionally required under the Sarbanes-Oxley Act of 2002 to "guarantee in their organization's yearly and quarterly reports that such reports are precise and complete and that they have built up and kept up satisfactory inward controls for open revelation" and requires CFO accreditation (Morrison Foerster, 2002).
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  • Winter '15
  • Finance, Monetary Policy, Federal Reserve System, Federal Deposit Insurance Corporation, Chief financial officer, Deposit insurance

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