Certified Public Accountants (CPAA? s), the United States and abroad, the financial statements provides public companies with the SEC (Securities and Exchange Commission) registers must be excluded from the registration Public Company Accounting Oversight Board (PCAOB), sometimes Peekaboo. The PCAOB is a private, non-profit organization that was created by the Sarbanes-Oxley Act of 2002, which is under the jurisdiction of the SEC. Sarbanes-Oxley and the PCAOB have created in the wake of accounting fraud scandals of Enron and WorldCom.

Only Certified Public Accountants (CPA) to prepare audited financial statements on behalf of a company or nonprofit organization. For a non-certified accountants to become an auditor, the accountant working for an accounting firm for several years to 500 hours of test time to acquire, and a test of the American Institute of Certified Public Accountants and its condition. A CPA should be also 120 hours of continuing education courses every three years, their license.

The purpose of the Public Company Accounting Oversight Board is to monitor the auditors (accountants, CPAA? S, accountants) to protect public company investors’ interests and promote public interest in the preparation of informative, fair and independent audited financial statements . The PCAOB? The aim is to improve the quality of audited financial statements, which increase the risk of failures and control the public’s confidence in the process of financial reporting and the profession of accountants. The PCAOB has auditing, quality control, ethics and independence standards that are used by registered public accounting firms and CPAA? S in the preparation of audited financial statements for listed companies, such as the Sarbanes-Oxley Act of 2002 and the regulations of the Securities and Exchange Commission (SEC)

Sarbanes-Oxley Act of 2002 requires the PCAOB is required to :.??? ? Register all accounting firms, CPAA s and accountants that audit public companies, inspect all listed companies and CPAA s every year for those that annually more than 100 contributions from corporations and at least once every three years to review under 100, the extent to which companies and CPAA judge ??????? ? s comply with the law, the rules of the SEC and PCAOB, professional standards examined by the execution and delivery of audited financial statements and attestation services, problems of public enterprises and discipline and every company and CPAA? ? s, in violation of laws or standards. All shops and CPAA? S are required to have meet peer review of their audit and accounting to the American Institute of Certified Public Accountants (AICPA) Member of the Federal Executive Council Regulation (Generally Accepted Auditing Standards) and / or state licensing requirements. Currently there are over 2,000 public companies registered with the PCAOB, to wait with the inclusion of more. A list of current and upcoming registered companies can be found on the PCAOB Web site.

The PCAOB is currently awaiting a requirement that all listed companies and CPAA? S an annual report on Form 2 on the website, provided the PCAOB, 30 June, with the exception of companies and CPAA? s, which were between 1 April and 30 June of this year recorded. They will also be required to pay annual fees PCAOB to 31 be July. As these requirements is still waiting for approval, the annual report and fees are necessary for the periods of the calendar year 2009. ? In these reports, the CPAA registered, have a variety of information for the year, including the audited financial statements in the course of the issued and disciplinary history of accountants, offering joined the company during the year and a breakdown of costs for services for all customers during the year and does not show the percentage of the fees that public clients for audit services, other accounting, tax and audit services. The PCAOB also requires CPAA registered? S special reports on Form 3 within 30 days after the occurrence of the special event. These special events include the change of name or contact information, the removal of financial statements by an auditor if the customer has not reported any payment in the 8-K filed with the SEC, and if legal, administrative or disciplinary action again the company or its related accounting adopted. These reports and the reports of the PCAOB in its inspection of auditors of listed companies are publicly available on its website.

It is the responsibility of the CPAA is registered? S as the statements of the audit of listed companies to provide accurate and independent reports. By following the rules and regulations of the PCAOB, AICPA and GAAP recorded CPAA? S, the best quality of audited financial statements that fairly and accurately represent the company’s IPO to detect material misstatements and false or missing information caused by fraud, and protect the interests of investors.


Financial Accountant