Private companies are not under Sarbanes-Oxley. Why do some private companies follow the law?
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Private companies are not under Sarbanes-Oxley. Why do some private companies follow the law?
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- Why do you think some private corporation choose to go public and why might others decide to remain private?What is the reason why close corporations are not allowed to engage in mining or oil companies, stock exchanges, banks, insurance companies, public utilities, educational institution, and corporation to be vested with public interest?Give three reasons why some private companies haven’t adopted the private companies GAAP.
- Why are corporations more difficult to form and subject to more government restrictions than the other forms of business organizations?Do those who are unable or unable to operate under a conventional corporation's limitations have a predisposition toward starting their own business? Is there a reason for this or not?How do corporate governance ethics programs help avoid legal problems for corporations?
- Which of the following is true of limited liability companies ? a) They protect the members personal assets in case of lawsuits b) They are very complex and difficult to run c) They are established for a specific project or for a limited time d) They require members to regularly hold meetingsPlease do your own work, don't copy from the internet What issue does agency theory examine? Why is it important in a public corporation rather than in a private corporation?What is the ‘corporate veil’and when is it permitted to be lifted under the Corporations Act?
- What is the difference between private and public liability companiesSome accountants argue that they should be allowed to invest in a company's stock as long as they themselves aren't involved in working on the company's audit or consulting. What do you think of this idea?What issue does agency theory examine? Why is it important in a public corporation rather than in a private corporation?
