The PCAOB will set requirements for (1) the retention of audit workpapers and related information (seven years); (2) quality control standards; (3) a firm's monitoring of professional ethics and independence from issuers
on behalf of which the firm issues audit reports; (3) consultation within such firm, on accounting and auditing questions; (4) supervision of audit work; (5) hiring, professional development and advancement of personnel; (6) acceptance and continuation of engagements; (7) internal inspection; and (8) such other requirements as the PCAOB specifies.
To prevent this, issuers
need to set conversion caps and price floors to limit the lowest level of an exercise price.
have recourse to Appeals if the TEB Group concludes that a bond is taxable, Appeals itself is still relatively inexperienced in this area, and there are only four Appeals Officers in the United States who handles bond issues.
Prohibit an accounting firm from auditing an issuer
's financial statements if certain members of management of that issuer
had been members of the accounting firm's audit engagement team within the one-year period preceding the start of audit procedures; and
reports provide concise summaries of Moody's current rating opinions on the issuers
, along with the outlook for possible upgrade or downgrade of each issuer
's bonds over a horizon of 18 months.
Twice a year, the Board produces a report entitled Report on the Terms of Credit Card Plans, which shows the terms offered by about 150 of the largest credit card issuers
for their largest credit card plan.
benefit from higher spending levels, access to a customer base, lower acquisition costs, cross-selling opportunities and added value in a competitive market
The fee will be levied in proportion to each issuer
's equity market capitalization--larger issuers
will pay larger fees.
As noted, the conclusion in the FSA is inconsistent with the current treatment of remarketing payments received by issuers
of these bonds.
Developing adequate procedures to address these issues and to prevent tax documentation procedures from hindering the implementation of procurement card programs will require cooperation among all parties involved -- taxpayers, tax administration agencies and procurement card issuers
Generally, asset-backed issuers
can be categorized by company size and debt rating: large/investment-grade (BBB or higher), mid-size/borderline investment-grade (BB to BBB) and small or nonrated (or B).
To insure ready access and minimize additional costs on any market participants, including issuers
, these disclosures should be filed with a centralized repository capable of disseminating the information in a useful format to the public, PSA added.