Data breach disclosure requirement on financial reporting

Assignment Help Financial Accounting
Reference no: EM131214363

Analyze the effects of the SEC‘s data breach disclosure requirement on financial reporting, based on the current language of the requirement. Recommend a change to the disclosure requirements to strengthen public company disclosures of cyberattacks. Provide support for your rationale. Examine the impact of cyberattacks on potential investors in a public company. As an auditor, provide your recommendations for including the potential of a cyberattack in the 10-K, as opposed to an actual attack. Provide support for your recommendation.

Reference no: EM131214363

Questions Cloud

Calculate the cost assigned to candy : Formula, Inc., processes sugar into candy and powdered drink mix. The sugar costs $61,000 per load. The process involves mixing the sugar for 2 hours, producing 60,000 packs of candy with a market value of $25,000, and 20,000 packs of drink mix with ..
Using the net realizable value method : Evans Company processes a chemical, Exacto 7, through a pressure treatment operation. The complete process has two outputs, X and Y. The January costs to process Exacto 7 are $50,000 for materials and $100,000 for conversion costs. Using the net real..
Example of good internal control for the credit department : Which of the following is an example of a good internal control for the credit department?
Inventory costing method results in lowest ending inventory : Which inventory costing method results in the lowest ending inventory during a period of rising merchandise inventory cost? Some companies account for purchases of equipment less than $500 as expenses instead of as assets. This policy is most closely..
Data breach disclosure requirement on financial reporting : Analyze the effects of the SEC‘s data breach disclosure requirement on financial reporting, based on the current language of the requirement. Recommend a change to the disclosure requirements to strengthen public company disclosures of cyberattacks. ..
Prepare a segmented income statement : Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors—home nursing, Meals On Wheels, and house..
Compliance audits or operational audits performed : Why do organizations have internal audits, compliance audits, or operational audits performed? Provide examples of what type of organization might have each of these audits and for what purpose? Who would want this information and what would they do ..
What is the default risk premium on corporate bond : Please show your work. A Treasury Bond that matures in 7 years has a yield of 5.15%. A 7 year corporate bond has a yield of 7.15%. Assume that the liquidity premium on the corporate bond is 0.5%. What is the default risk premium on corporate bond?
Exchange had no commercial substance : Colt Football Co. had a player contract with Watts that is recorded in its books at $5,600,000 on July 1, 2014. Day Football Co. had a player contract with Kurtz that is recorded in its books at $7,000,000 on July 1, 2014. On this date, Colt traded W..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Analyze the starbucks method of the debt financing

Analyze Starbucks' method of debt financing. In your analysis, you should address both current and long-term liabilities, including the issuance of bonds.

  In variance analysis it is possible for the volume variance

In variance analysis it is possible for the volume variance to be negative and the management variance to be positive. Providers accepting capitates contracts need to receive a PMPM premium sufficient to cover medical costs, administrative cost and a..

  Regarding product and period cost

Which of the following statements is true regarding product and period cost? Office salaries expense is a product cost and factory maintenance is a period cost? office rent is a product cost and supervisors salaries expense is a period cots?

  Denominator activity for fixed manufacturing overhead

Teana Corporation uses machine hours as its denominator activity for fixed manufacturing overhead. Teana's standard machine hours allowed for actual output was closest to ?

  Question wake construction installs and manufactures

question wake construction installs and manufactures standard and custom-made cabinetry for residential homes. last

  Indicate the net income loss

Assuming that Jaymes has excess operating capacity, indicate the net income (loss) Jaymes would realize by accepting the special order.

  Dextra computing sells merchandise

Dextra Computing sells merchandise for $17,000 cash on September 30 cost of merchandise is $11,900.

  In what extent capitalization of operating lease obligations

Comment on the results from Parts b and c. To what extent does the capitalization of operating lease obligations affect your assessment of Starbucks' risk?

  Assuming the passive activity rules do not apply and entity

The entity began business with $1,000,000 in assets, $600,000 in non-recourse debts, and $400,000 in capital. In its first year of operations it had a net loss of $500,000, and the liabilities did not change. In the second year of operations the enti..

  What are tax consequences to sheldon and hawk corporation

In the current year, Hawk Corporation redeems 75 shares of Sheldon’s stock for $75,000. Sheldon had acquired all of his shares 10 years ago at a cost of $100 per share. What are tax consequences to Sheldon and Hawk Corporation as a result of the s..

  Rank the three companies

Which of the companies uses a multiple-step income statement format? (These companies' income statements are in Appendix A

  What percentage is inventoryies to total current assets

What percentage is inventory(ies) to total current assets? Do you think this percent- age represents the importance of inventory(ies) to the company's operations?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd