List the four parts of the Code of Professional Conduct, and state thepurpose of each.

Q: List the four IMA standards of ethical practice, and briefly describe each.

A: The four IMA standards of ethical practice are: 1. Competence: It states that the member should…

Q: Under the Philippine Civil Code, answer the following question: Differentiate a License to Recruit…

A: The process by which employees are identified, interviewed and hired is termed as recruitment.

Q: Define each of the following terms:a. Agent; principal; agency relationship

A: Answer: Agent: An agent is one who provides work on principal’s behalf.  Principal authorizes agent…

Q: What are management’s responsibilities under Sections 302 and 404?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: For each of the five filing statutes, provide an example of a person who would qualify.

A: Taxpayers must fall under the drawn one of the five filing statuses and this helps in computing…

Q: What are the disclosures and important key points of interim financial reporting PAS 34 and employee…

A: Firms issue interim statements, which are financial reports that span a duration of less than a…

Q: What functions does the FASB perform?

A: FASB :                          FASB is defined as "The Financial Accounting Standards Board" is a…

Q: Explain principal (agency relationships)

A: Answer: Agent: An agent is one who provides work on principal’s behalf.  Principal approves agent to…

Q: w does a company determine if it should use an ABO, PBO, or VBO calculation? Is the determination…

A: ABO The estimated amount of a company's pension plan commitment at any one time is known as the…

Q: The document which sets out basic rules for how a compay is to run?

A: Every company operating as a limited liabilities corporation, partnership firm, or public company…

Q: , is best defined as An asset account An account showing the benefits to be paid to the employee An…

A: Benefits payable refer to the additional perks that are paid to employees, in addition to their…

Q: List and describe the eight general types ofaudit procedures for gathering evidence

A: Definition: Audit: Audit is the process of verification of the compliance of the financial…

Q: Required: Prepare the entries to be made by the agency.

A: As per IFRS 9 "Financial Instruments", an organization shall measure a financial asset or financial…

Q: List the major elements that contribute to perceptions of justice and how to apply these in…

A: An organization is a one- or more-person body with a specific goal, such as a firm, an institution,…

Q: Match the conditions for internal control to each of the policies listed.

A: Internal Control:   Internal control is a process which ensures continuous reliability of…

Q: What are the powers of the BIR Commissioner?

A: Powers of BIR commissioner are as follows,  1. He can require additional procedures and documents.…

Q: Discuss how the performance and effectiveness of the board can be assessed.

A: As the performance of each employee in the organization is evaluated and analyzed time to time, it…

Q: Describe two disclosures required by the SEC with respect to executive compensation.

A: Disclosures required by SEC:

Q: Calculate the total amount (employer and employee portions) that Harris Consulting will remit to the…

A: Payroll Accounting can be defined as the accounting system which helps to compute the total payments…

Q: Which groups are covered under the three sections of the International Ethical Standards?

A: IES are the standards which are issued by the Internation Ethics Standard Board For Accountants…

Q: Describe what is generally contained in a service auditor report

A: For the audit of the service organization, the audit procedures performed by the auditors…

Q: Included under the definition of employees for FUTA purposes are:

A: FUTA stands for Federal Unemployment Tax Act. This Act has been enacted to provide compensation to…

Q: If Form 941-V is utilized, the amount shown on line 2 of the form must agree with the amount…

A: 1. Answer: Option (c)   2. Answer: Option (a); if there is an annual liability for Social Security,…

Q: Identify any two entity forms, and briefly discuss about their legal liability.

A: The answer is stated below:

Q: What are the four areas in which the federal law mandated changes in the protection of health…

A: Federal law can be defined as a body of law that is designed by the federal government of a country.…

Q: scribe the reporting of Board Designated resources.

A: Board-designated funds refer to those funds or assets which are restrictions free from the donor's…

Q: Discuss various other government departments and their functions in cbsa/cfia

A: The CBSA is a Canadian federal agency responsible for federal law agency that is responsible for…

Q: Discuss the difference between the Management Letter and the Legal Representation Letter

A: Definition: Auditing: In auditing, auditors verify the correctness and fair presentation of…

Q: Define and describe the five basic components of internal control and specifysome of their…

A:

Q: Give at least three (3) lessons that you think are important in following State Law(Legal Law and…

A: State law:   It is a set of laws passed by the state government to maintain order in the state.…

Q: i. Discuss whether or not a paragraph is required in the written representation for each of the…

A: Audit Report:   An audit report is a report prepared and signed by an auditor with his/her comments…

Q: What does the management’s discussion and analysis (MD&A) normally include? Where does a…

A: Management Discussion and Analysis (MD&A):   Management Discussion and Analysis (MD&A) is…

Q: Which of the following are the three types of factors that the IRS examines to make an independent…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: Prepare the journal entries in relation to the provision liability

A: Liability can be defined as present obligation arising due to past events resulting into outflow of…

Q: Name the departments, offices, or agencies that were created by the Dodd–Frank legislation.

A: he Dodd-Frank legislation officially became a law in year 2010 that aimed to put restrictions on the…

Q: A person's personnel file should include what kinds of documents

A: Answer: Person Personnel file is the record that is maintained by employer for the employee that…

Q: a. MFRS119 Employee Benefits prescribes the accounting and disclosure requirements by employers for…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What is articles of association

A: Articles of Association is very important documentation for the company which shows all the rules…

Q: What is a basic financial statement that is required for federal agencies?

A: Financial statement refers to those statements which are prepared through the business at the end of…

Q: Provide in full the meaning of these abbreviations and tell briefly how they interface with the…

A: Accounting Information system is a set of components used for gathering, making, storing, preparing,…