1 page/≈275 words
Accounting, Finance, SPSS
Securities and Exchange Commission (Essay Sample)
Please write an essay on Securities and Exchange Commissionand in general how it is related to or helps in Fincance and accounting in an organization. source..
SECURITIES AND EXCHANGE COMMISSION
The security and exchange commission is responsible for ensuring that the financial standards of running an organization are followed, and hence offering protection to investors to illegal financial practices. It educates companies on the required standards that they must follow in the running of these companies. This commission ensues that the markets are fair to everyone and orderly in the way they run their business. The commission is therefore responsible for ensuring that those companies that fail to follow the laid laws or engage in any fraudulent acts are punished in accordance with the law. It helps paint the real picture of a company’s financial position and performance to investors so that they can undertake sound decisions.
This commission helps an organization undertake full and accurate accounting procedures. This ensures that the accounting and finance departments in an organization are run on the required standards and by qualified personnel. It has a direct influence on the qualifications of those that an organization chooses to its finances and accounting departments as well as ensuring that the source of finances to the organization is transparent and within the requirements of the law. It also ensures that the reporting used in these organizations is internationally recognized and transparent to all. It also ensures these reports are submitted periodically for analysis to offer information to investors about the organization. It is the responsibility of the commission to ensure that these reports are available to the public and especially to investors. A part from these reports, the commission ensures that t...
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