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Essay / Research Paper Abstract
This 4 page paper evaluates both companies as well as the regulatory agencies that affect the industry. The SIC, NAICS, SEC and NYSE are included. How each of these organizations affect Lowe's and HD is discussed. Some background information is provided for each firm. Bibliography lists 5 sources.
Page Count:
4 pages (~225 words per page)
File: RT13_SA336HDL.rtf
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Unformatted sample text from the term paper:
to some extent, such regularity entities are only viewed peripherally, their rulings and enforcement of rules and regulations can have a dramatic effect on firms that are not cooperative. For
companies that for example do not fill out the paperwork properly when filing NAICS forms, there can be detrimental financial outcomes. For companies caught in insider trading debacles, or other
significant scams, the result can be disastrous such as what happened to Enron. Of course, while such firms deserve the ramifications, there are gray areas which make doing business akin
to a tightrope walk. In respect to home improvement centers like Lowes and Home Depot, there have been few problems, but the companies are subject to intense regulation by the
governing bodies and some events have created some discomfort for Home Depot. Atlanta based Home Depot, formed in 1978, is a public company and is subject to regulation because of
it. It is traded on the New York Stock Exchange. Its auditors are KPMG ("Home Depot," 2003). Because it sells a variety of items, Home Depot embraces both NAICS and
SIC Associations, with the following codes and descriptions: "SIC Industry Descriptions: 5211 - Lumber and Other Building Materials Dealers; 5261 - Retail Nurseries And Garden Stores; 5251 -
Hardware Stores; NAICS Industry Descriptions: 444190 - Other Building Material Dealers; 444130 - Hardware Stores; 444220 - Nursery and Garden Centers" (2003). As such, HD is regulated by the applicable
governing bodies. Lowes is one of Home Depots fiercest competitors. Lowes Company Inc. is based in North Carolina and opened its doors in 1957. Lowes is also is a
public company and is traded on the New York Stock Exchange. Its auditors are Deloitte and Touche L.L.P. ("Lowes," 2003). Like Home Depot, Lowes is involved with both NAICS and
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