BU127 Lecture Notes - Lecture 23: Canadian Securities Administrators, Financial Statement, Accounts Receivable

• School: WLU
• Department: Business
• Course: BU127
• Professor: Anthony Atkinson

Document Summary

Regulators: standard setting and verification: canadian securities administrators: protect investors, accounting standards board: set gaap, canadian public accountability board: oversee firms, stock exchanges: work with governments to set govern corporations. Management: responsible for information in the financial statements and disclosures o. Ceo: highest office in the company: cfo: lead the accounting and finance team, accounting staff: prepare details of the reports with accuracy. Auditors: verification of statements: follow auditing standards to assess the fairness of the financial statements, a clean opinion states that the statements are fair presentations that conform with the ifrs. Directors: oversight of management: board of directors: ensuring integrity is in place, audit committee of board: independent directors with financial knowledge to audit the company"s statements. Press releases used to announce quarterly and annual earnings as soon as the verified figures are available to the general public.