COMM 293 Chapter Notes - Chapter 6: Pricewaterhousecoopers, Kpmg, Efficient-Market Hypothesis
Document Summary
Understanding the business managed in the interests of the shareholders. Corporate governance: the procedures designed to ensure that the company is: good corporate governance eases company"s access to capital, lowers cost of. (cid:498)blow-ups(cid:499): outcome when a stock crashes because firm"s management engaged in borrowing (interest rates) and perceived riskiness of investment in its shares accounting fraud that became visible. Administrators (csa): forum of 13 securities regulators for. Canada to harmonize regulation of canadian capital markets for fair practice. Accounting standards board (acsb): responsible for establishing standards of accounting and reporting by canadian companies (ensure financial reports are in accordance with these standards) Chief executive officer (ceo): highest officer in company. Chief financial officer (cfo): highest officer associated with financial and accounting side of business. They sign statement of management responsibility which is in the annual report. Accounting staff also carry responsibility to ensure accuracy of info. Audit committee of the board, non-management directors with financial knowledge,
