Eco 370

Comm315 - In regards to organizational process that Starbucks complies with under The United States Security and Exchange Commission (SEC). The SEC was created back in 1933 and 1934 to protect investors, maintain fair, orderly, efficient markets, and facilitate capital formation (SEC, 2012). In reference to this, it is essential that all companies and organizations should follow the SEC guidelines to ensure companies and organizations are operating in an ethical and legal manner.

Comm 315 - In regards to Starbucks processes complying with the SEC, this company is not exempted, every quarter and annually the company facilitates their entire financial statements. These financial statements provide and ensure al details of the documents that are sent is accurate and honest to the best of their knowledge, and this information is sent off to the SEC to verify (Starbucks, 2011). These financial statements and information are public records, in which anytime are available to view. All information that is provided can be assistance to customers who are interested in investing with their stocks.

Eco 370 - As described in the Starbucks annual report starting from 2011, the management of Starbucks is required to provide: Internal control over financial reporting includes maintaining records that in reasonable detail accurately and fairly reflect our transactions; providing reasonable assurance that transactions are recorded as necessary for preparation of our financial statements; providing reasonable assurance that receipts and expenditures are made in accordance with management authorization; and providing reasonable assurance that unauthorized acquisition, use or disposition of company assets that could have a material effect on our financial statements would be prevented or detected on a timely basis (Annual Report 2011). Eco370


Eco 370



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