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The Treadway Commission was formed to identify factors contributing to fraudulent financial reporting and to develop recommendations to reduce its future occurrence.
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When did the Treadway Commission issue its report?
The Treadway Commission issued its report in October 1987.
Which organization oversaw the Treadway Commission?
COSO oversaw the National Commission on Fraudulent Financial Reporting (the Treadway Commission).
What did the Treadway Commission conclude?
The Treadway Commission concluded that the responsibility for fraudulent financial reporting was not vested in one group.
What does COSO stand for please?
Committee of Sponsoring Organizations (of the Treadway Commission)
Who did the Treadway Commission issue recommendations to?
It issued a series of recommendations for the public company, the independent public accountant, the Securities and Exchange Commission (SEC), and the educational community.
What was the second individual incentive identified by the Treadway Commission?
Avoiding penalties for poor performance in achieving targeted profit objectives.
What was the second institutional incentive identified by the Treadway Commission?
Delaying the reporting of financial difficulties in order to avoid failure to comply with covenants in debt agreements.
What is the birth name of Ty Treadway?
Ty Treadway's birth name is Tyrus Richard Treadway.
What did the Auditing Standards Board do in response to the Treadway Commission report?
The Auditing Standards Board (ASB) of the AICPA issued ten new auditing standards in 1988.
When did Red Treadway die?
Red Treadway died in 1994.
When was Red Treadway born?
Red Treadway was born in 1920.
When was Jessica Treadway born?
Jessica Treadway was born in 1961.
