SEC: Securities Exchange Commission

The U.S Securities Exchange Commission is the federal body governing financial accounting securities and exchange in the USA. SEC functions with an aim to safeguard the financial accounting sector by maintaining order and keeping the investors educated and well informed about the securities market. SEC seeks to promote capital formation as it is essential to [...]

PCAOB: Public Company Accounting Oversight Board

PCAOB stands for Public Company Accounting Oversight Board. It was founded as per the Sarbanes – Oxley Act – 2002. PCAOB works with the mission to oversee the auditors working in public companies, making sure that that audit reports prepared by them are informative, fair and informative. PCAOB makes sure that the audit reports are [...]

MD&A: Management Discussion and Analysis

MD& A – Management Discussion and Analysis one part of a company’s annual report. In this section the management discusses various aspects of the company. This space has no restriction on time span. Both past and present day aspects of the company are discussed and analyzed intensively. In other words the management of a company discusses all aspects of [...]

IIA: Institute of Internal Auditors is the national association

IIA stands for Institute of Internal Auditors is the national association. It is a national association consisting of accountants. These accountants are those who are engaged in internal auditing and are employed by business firms The mission of The Institute of Internal Auditors is to provide dynamic leadership for the global profession of internal auditing. [...]