Provide in full the meaning of these abbreviations and tell briefly how they interface with the GIFMIS. TRIPS & GCMS (GRA) T-24& SWIFT (BoG) E-Procurement (Public Procurement Authority

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A: The public/private mixed approach appears to be the way rules are established in the United States.…

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A:

Q: Who appoints the internal auditor? a. Management b. Government c. External stakeholders d. Members

A: Internal auditor performs internal audit functions.

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

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A: Authority Authoritative value Internal Revenue Code 1 Final Treasury regulation 2 Revenue…

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A: The Sarbanes-Oxley Act is a federal law established to uphold and ensure strict auditing and…

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

Q: Which of the following agencies issues independence rules for the auditors of public companies?a.…

A: Auditor: The person who is considered responsible for assessing the credibility of the financial…

Q: How to prepare financial statements for a government agency and non-profit organization?

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Q: Explain why special purpose frameworks (also known as other comprehensive bases of accounting) may…

A: Special purpose framework is a non-GAAP framework which is used for financial purposes and includes…

Q: In the governmental units all of these true about the budget except .a The budget is legally binding…

A:

Q: The primary regulator for Insurance Companies is: Group of answer choices a. the Federal Deposit…

A: Regulator - Regulator is a person or type of organization, appointed by the government to regulate…

Q: Complete the blank as appropriate: Internal Service funds account for activities in which goods or…

A: The government uses a different way to report their financial statements than the private sector…

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A: Business entities are described as those units which are formulated to provide professional…

Q: Identify the following users as either external users (E) or internal users (I): _______ FBI and…

A: Accounting data or information of a business venture is utilized by numerous stakeholders. Diverse…

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A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Explain the purpose of the Public Company Accounting Oversight Board.

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

Q: Explain in brief the problems caused by accounting diversity.

A: Accounting diversity refers to differences in accounting practices followed across different…

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: 1- In your own words, explain the SEC's relationship to the FASB. 2 -Contrast the role of the…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: services only to other departments or agencies of the government on a cost-reimbursement basis?…

A: Meaning of Inter Departmental Transactions Interdepartmental transactions are those transactions…

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A: GASB Technical Bulletins has the least amount of official authority for the financial reporting of…

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A: An enterprise fund identifies the overall direct and indirect expenses of assisting and the sources…

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

Q: Explain Government Procurement Rullings and Procedures.

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A: Step 1 International governments have several existing institutions that regulate and regulate…

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A: Definition: Generally Accepted Accounting Principles (GAAP): These are the guidelines necessary to…

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A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…

Q: Who should set accounting standards? A government agency or private body such as the FASB?

A: Accounting standards are the rules and provisions that guide the manner in which accounting reports…

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

A: GIFMIS means Ghana integrated financial management information system which was introduced in May…

Q: why you think each state is responsible for issuing CPA licenses.

A: The prerequisites for taking the CPA exam and receiving a license vary by state. Many states have…

Q: hat are the requirements for government- wide statements on CAFR?

A: Step 1 Governmental financial statements are comply with governmental accounting standards and…

Q: Are the officers of the Local Government Unit internal or external users?why? Differentiate internal…

A: Internal Users Internal users of financial information are those people within an entity who use the…