12/4/2017 0 Comments Information on a Form 10-KA financial executive, James Kasim has a wealth of experience working with public companies in all aspects of financial reporting and regulatory compliance. Previously a senior manager at Ernst & Young, James (Jim) Kasim managed the company's form 10-K filings that were sent to the Securities and Exchange Commission (SEC).
Form 10-K is a detailed report of a public company’s performance submitted annually to the SEC. The SEC requires public companies to file form 10-Ks either 60, 75, or 90 days after the close of the fiscal year, depending on the size of the company. A 10-K contains important information and is much more comprehensive than an annual report to shareholders. Information for the 10-K includes: - Risk disclosures. Information about the risk and threats to a company is particularly useful to investors who want to know if the company is facing problems such as lawsuits or bankruptcy. - Copies of financial statements. These include income statements, balance sheets, and statements of cash flow, which indicate the health of a business. - Company operations. These are details on how the company does business and makes money. - Accounting policies and procedures. - Certifications from senior management and an independent auditor that the books are accurate and lack material deficiencies.
0 Comments
James Kasim is a senior management executive based in Los Angeles with over 20 years of experience in the financial sector. Before obtaining his MBA from the University of Southern California’s Marshall School of Business, James Kasim pursued accreditation as a Certified Public Accountant (CPA).
Though the responsibilities of CPAs vary depending on company requirements, the central job of a CPA is to provide high-quality, state-regulated accounting services. While the job title of “accountant” can be bestowed upon any individual employed by a company who manages finances, professionals may only claim the title of “CPA” if they have fulfilled a list of qualifications supplied and regulated by the state in which they work. To become a CPA, professionals must have a four-year degree in accounting and pass two separate examinations in various accounting skills and business ethics. Additionally, CPA candidates must work in a position that is directly supervised by an active CPA for at least 1,800 work hours. Once certified, a CPAs are required to maintain their financial knowledge by staying current and familiar with financial laws and regulations. They must also renew their CPA license by participating in continuing education courses at a renewal rate set by the state in which they are certified to work. James Kasim has been a certified public accountant (CPA) since 1994. Earlier in his career, James Kasim worked for Ernst & Young (EY), a well-known global professional services firm. During his tenure at EY, he managed several Sarbanes-Oxley control projects.
When it came into effect in 2002, the Sarbanes-Oxley Act (SOX) had major effects on corporate financial practices. The law was a reaction to major corporate financial scandals. Under SOX, companies have additional financial reporting duties and must file periodic reports to the Securities and Exchange Commission (SEC). For example, corporations must report relationships and transactions that affect a company’s financial status. Corporate management also is accountable for internal control structures and financial reporting. SOX also established standards of engagement for firms that audit public companies and attorneys who represent public firms to the SEC. Companies need SOX experts to ensure compliance with the complex legislation or avoid severe penalties. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
March 2021
CategoriesAll Accountancy CPA Education Employee Training Enterprise Resource Planning Finance James Kasim Law Online MBA Online MBA Program Professional Accountants Real Estate Sarbanes-Oxley Act Of 2002 |