Accounting reporting criteria includes the Public Company Accounting Oversight Board. PCAOB has been a part of the auditing process since 1939 and oversees the auditors of public companies. Its purpose is to protect the interest of investors and to ensure fair and independent audit reports. PCAOB is private entity but has many government-like regulatory functions. All companies with international ties are required to have their accounting records audited by an independent auditing firm. Coca-Cola uses Ernst & Young, which is a very reputable auditing firm. A copy of the Ernst & Young auditing reports can also be found on the companyÃÂs website as well.
As of April 14, 2009, the PCAOB has adopted rules that are more stringent in order to strengthen its role in keeping companies from under or over reporting its bottom line. This will enable auditing firmÃÂs free reign to companies financial records. The current yearÃÂs world markets contributed to the recent adoption of improved standards.
Abduction of Europe
Europe Simulator
An 1890s advertisement showing model Hilda Clark i...Coca Cola even provides an open record of its companyÃÂs financial records for students such conducting research.
With operations in 200 countries, Coca Cola has four of the worldÃÂs top five distributors of beverages. Coca Cola reported operating revenue of 31.9 billion dollars as of December 2008 and 75% of that was from outside of North America. (Coca Cola Company fact sheet, 2008) In many countries outside of the US, the currency exchange rate may differ on a daily basis so it is imperative that we understand that difference.
The Coca Cola Company has had a great impact on their foreign currency translation. Most of the operating trends in North America have grown (revenue) as well as in Europe. This information comes from the comparability of the first quarter of the year (2009). The companyÃÂs total revenue worldwide has grown...