a) What is the IPSASB and reason(s) it was established?  b)What are the objectives of the IPSASB?  c) Why the IPSASB developed the IPSASs?

Q: 1. What is a stakeholder management plan and its importance and purpose

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Q: Why is the concept of independence such an internal part of AICPA Code?

A: AICPA is American Institute of Certified Public Accountants, which is the leading organisation and…

Q: Briefly describe the FASB/IASB convergence process and the principles that guide their convergence…

A: Definition:   International Accounting Standards Board (IASB): IASB is the board which frames,…

Q: . Which of the following is the global organization for the accountancy profession dedicated to…

A: The accountancy profession is concerned with recording, posting, and interpreting the financial data…

Q: Which of the following statements is true? a. Both the SEC and the PCAOB require the use of the COSO…

A: Committee of Sponsoring Organization (COSO):  Committee of Sponsoring Organizations (COSO) is a…

Q: Indicate the organization related to IFRS that performs each of the following functions:1. Obtains…

A: International Financial Reporting Standards:   IFRS (International Financial Reporting Standards) is…

Q: If you were given complete authority in the matter, how would you propose that GAAP should be…

A: Generally Accepted Accounting Principles (GAAP):  A set of accounting principles, practices and…

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A: These 3As like Accounts, Accounting and Accountability are three different concept and it must be…

Q: Explain The role of the IIRC & The integrated reporting under the CPA.

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Q: What are the goals of the SEC?

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Q: Describe the mission of the FASB.

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Q: Which of the following types of reporting does the Triple Bottom Line not incorporate? management…

A: Triple Bottom Line theory says, there should be three bottom line profit, people and the planet.

Q: interest

A: Introduction: Stakeholders of the organization would include various parties like customers,…

Q: The FASB’s conceptual framework sets forth the Board’s views on which topics?

A: This is the organization that creates, develops, and approves accounting standards; and…

Q: What is the Committee of Sponsoring Organizations (COSO)? Briefly describe the original…

A:

Q: 1. Describe the Existing Board of IFRS (IASB members and the role of them) 2. In detail, what's the…

A: 1. The IFRS is a non-profit public-funded organization which established to develop set high quality…

Q: What is the standard-setting body responsible for determining IFRS? How does it obtain its funding?

A: The International Accounting Standards Board (IASB) is responsible for determining IFRS. The…

Q: ning Please answer questions c) What are the scopes of the IPSASs?  d)What are the similarities…

A: What are the scopes of the IPSASs? IPSASs set out recognition, measurement, presentation and…

Q: a.What is the IPSASB and reason(s) it was established?  b.What are the objectives of the IPSASB?

A: Accounting standard refers to the common set of rules, regulations, principles, and procedures that…

Q: Where is the IASB located?

A: International Accounting Standards Board (IASB): IASB is the board which frames, develops, approves,…

Q: The FHA implements its programs with which of the following procedures?

A: FHA has been successful in stabilizing the national housing market. It was created under the federal…

Q: Which organization initiated the convergence process between GAAP and IFRS and why?

A: GAAP -: GAAP is a mixture of definitive standards (established by policy boards) and the normally…

Q: IPSASB

A: What is IPSAB REASON IT WAS ESTABLISHED WHAT OBJECTIVE OF THE IPSASB WHY THE IPSASB DEVELOPED THE…

Q: Describe the mission of the IASB.

A: The International Accounting Standards Board (IASB) is an independent, private-sector body that…

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Q: Who are the sponsoring organizations of COSO, and what is COSO best known for doing?

A: Definition:

Q: Why the IPSASB developed the IPSASs?

A: SOLUTION- IPSAB = INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS BOARD WORKS TO IMPROVE PUBLIC…

Q: describe how you can creat a potential of cooperation with each of the stakeholders (employees-…

A: Business has various types of stakeholders with whom it has to cooperate for the smooth and…

Q: Question 19 means accountability to those existing and potential resource providers and others…

A: The question is fill in the blanks.

Q: developed the IPSASs? d.What are the scopes of the IP

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Q: many entities at present, outside the financial statements, reports and statements such as…

A: As per IAS 1, many entities prepare and present environmental reports and value added statements…

Q: With respect to the IASB conceptual framework project: a.    work is being conducted to produce…

A: With respect to the IASB conceptual framework project, work is being conducted to result in a…

Q: Arrange the following according to the correct sequence. 46. IASB Due Process 1. An exposure draft,…

A: Before any IFRS is issued or any changes for the existing IFRS is issued, the International…

Q: Which of the following is a phase of the joint FASB and IASB conceptual framework project?   mixed…

A: Joint FASB and IASB has eight phases. They are:  Objectives and qualitative characteristics…

Q: The objective of IFRS 1 is to ensure that an entity's first IFRS financial statements contain high…

A: The IFRS 1 provides a framework for financial reporting. The objective of IFRS to provide users…

Q: As stipulated in the Conceptual Framework 2018, materiality is therefore an entity-specific aspect…

A: The Materiality concept implies that the transactions that are important for financial decisions are…

Q: What is the role of stakeholders in environmen

A: Stakeholders are the called to those parties who are interested in the company's information whether…

Q: e mechanism you should have propose

A: Developed by Central BOS, CBOS cloud business management software is connected to every department…