haku: @journal_id 50 / yhteensä: 1038
viite: 30 / 1038
| Tekijä: | Ivancevich, S. Jones, L. C. Keaveney, T. |
| Otsikko: | Don't Run the Risk |
| Lehti: | Journal of Accountancy
2002 : DEC, VOL. 194:6, p. 47-52 |
| Asiasana: | RISK PUBLIC COMPANIES AUDITING |
| Kieli: | eng |
| Tiivistelmä: | The paper states that disclosures of faulty practices at public companies have led to restrictions on services a CPA may provide to audit clients. In 2001 auditor independence rules gave CPAs more freedom to buy and sell securities, increasing the risk that firms may violate laws against insider trading. The SEC says an individual with "material, nonpublic information" about a security or its issuer must either abstain from trading in the securities of the company or he or she must properly disclose what is known before buying or selling them. Violators are subject to stiff civil penalties. The paper also states that the courts and the sec apply three sets of rules to decide whether insider trading has taken place: traditional, misappropriation and tender offer. |
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