Buy essay on Securities and Exchange Commission

In the present day world a number of highly developed corporations (such as Nortel Networks, JDS Uniphase) are using write off massively for their inventories Also in the article, JDS Uniphase said it will write off $250 million of its inventory but promised to disclose any future sale. On the other hand, Micron Technology, which wrote down $260 million, won’t disclose any future sale (Krantz, 2001). It goes without saying that such significant writing down would be closely related to the Securities and Exchange Commission activity. As the number of fraud processes connected with the counting within the big corporations have significantly grown for the recent years. It is essential that such significant writing down are very suspicions as the sums they are dealing with are also not among the small ones.
It should be noted that question is among the contradictory ones and need detailed illustration as such massive writing downs could not be left without any attention and the reaction should be appropriate.
Personally I think that the Securities and Exchange Commission could provide appropriate answer for such companies. One and the most significant purpose of the Securities and Exchange Commission is the fact that it should ensure regular financial reports from the corporations. It goes without saying that if the company would get certain income (declared from the sale of the inventory that was written down previously, it is important to make a stress on the fact), it goes without saying that income would be overestimated and it would not provide accuracy for the period in the question.
It goes without saying that such inaccuracy could make so called “loosing period” into the profit one. The result is the one and only – misleading investors. Such big corporations are all the time in public and it is essential that among their obligations is the one saying that they should provide regular reports about their financial affairs. The good example probably would be Enron, whose leaders are now judged for the financial fraud. It goes without saying that financial reports of such big, public corporations should be carefully examined as well as financial independent audit of the corporation. It is a well known fact that if there would be observed that the managers are giving wrong information to the stock-holders and provide inaccurate reports there would go about financial frauds and voluntary secretion of the financial information for personal needs. As it was mentioned it has become a real problem in the present days and it goes without saying that the Securities and Exchange Commission should keep an eye on the provided financial reports from such corporations. Personally I think that in the present day world so called “white collar crime” is mainly deal with accounting in the big corporations and the results of such frauds are really awful. The mentioned Enron case cost several thousands of people work (as in US as well in Europe) and the stake-holders and pensions’ expenses are still being paid and there are a number of court processes still keeping about this question. Understanding the problem the Securities and Exchange Commission should keep an eye on the question, protecting the interests of the stake-holders, workers and those who deal with the corporations

References
Krantz, M. (2001, July 16). Tech firms stand to gain from huge write-offs. USA Today.