What are the rules with respect to CPA firm names?

Q: What actions that shareholders can take to ensure that management's and shareholders' interests are…

A: The shareholders are the owners of the company. They are responsible for the decision making and…

Q: What does the corporate charter describes?

A: Corporate Charter:   A corporate charter is a legal document that establish the existence of a…

Q: Discuss ethical considerations in relation to conflict of interest, confidentiality and disclosure…

A: While conducting duties by the director of the company when signing off on company reports must…

Q: Briefly explain how regulatory agencies and legalsystems affect corporate governance.

A: Corporate governance is the set of rules and regulations controlling the operations of a company.

Q: corporate social responsibility

A: 1) Corporate social responsibility (CSR) is a term used to describe a company’s efforts to improve…

Q: What do the ASX Corporate Governance Principles say about having an internal audit function?

A: Internal audit is the auditing process of the internal processes of a company such as accounting,…

Q: Problem 10: For the following scenarios, assume you are the CPA reporting on the client's financial…

A: Answer:-  S No. Circumstances Opinion 1 Unjustified departure from GAAP Adverse 2 Justified…

Q: What is ‘corporate liability’. Provide examples to illustrate your answer and refer to legislation…

A: Corporate Liability is vicariously liability where the company liable for the acts of an employees…

Q: Describe the nature of CPA firms,what they do, and their structure

A:

Q: What actions that shareholders can take to ensure that management’s and shareholders’ interests are…

A: Shareholders are individuals that own shares in the company and thus has some percentage in the…

Q: corporate governance principles

A: Corporate governance is an important aspect in accounting. We can say that corporate governance…

Q: Why can a stockholder have the right to inspect corporate books and records? Is this right absolute…

A: Stockholders:-Stockholders also known as the shareholders of the company. Stockholders includes a…

Q: What is Corporate Governance? What are attributes and the importance?

A: Good corporate governance is beneficial to corporate success and economic growth in the long run. In…

Q: What provisions of the AICPA Council Resolution on form of organization place control of…

A:

Q: hat is the difference between internal corporate governance to external corporate governance in…

A: Internal corporate governance: Internal corporate governance controls monitor activities and then…

Q: What is the meaning of Chief accountant of the SEC?

A: Securities Exchange Commission (SEC): This is the government agency that governs the working of…

Q: corporate gover

A: The link is given as,

Q: What are the main issues to be addressed in a business code of ethics required by the Securities and…

A: Definition: Ethics can be defined as conduct adopted by an individual in making the selection…

Q: Are accountants and auditors moral agents of corporations and society? Explain.

A: Moral responsibility means a liability of an individual to perform tasks in a moral or ethical…

Q: How corporate governance is defined?

A: Corporate governance can be defined using the following points:

Q: How would an investor communicate to clients their ethical and professional standards when managing…

A: According to CFA institute, six guidelines related to the code of conduct is laid out in the Code of…

Q: Explain certified public accountant (CPA).

A: Accountant refers to the professional who performs the accounting functions like financial statement…

Q: should corporate governance practices be included as part of legislation or is it preferable to…

A:

Q: How do ‘audits’ work as a corporate governance mechanism

A: Introduction: An audit is an examination or audit by an auditor of various books of accounts,…

Q: What are the responsibilities of the Board of Directors for the financial statements? Or…

A: Financial statements are important because they provide vital information related to the financial…

Q: How do the responsibilities of private accountantsand public accountants differ?

A: A public accountant works with a public accounting company that provides other companies,…

Q: What is the most important written document/s in CPA (Certified Public Accountant) Profession? Why?

A: The CPA designation distinguishes licensed accounting professionals committed to protecting the…

Q: State the allowable forms of organization a CPA firm may assume.

A: A CPA firm can assume any of the following form of organization.  (1) A propritorship concern (2) A…

Q: Who is responsible for overseeing corporate activities?

A: Concept Introduction:   A company holds the money invested by its shareholders and investors; hence…

Q: What potential sanctions does the SEC have against a CPA firm?

A: Securities and Exchange Commission (SEC): Securities and Exchange Commission (SEC) is a…

Q: Why is it important for U.S. accountants to be familiar with IFRS?

A:

Q: Identify the different entities that makeethics rules for CPAs and public accountingfirms.

A: Ethics:     “That branch of philosophy which is the systematic study of reflective choice, of the…

Q: Who is the CFO, and where does this individual fit into the corporate hierarchy? Whatare some of his…

A: The Chief Financial Officer (CFO) is the executive person who is responsible for managing the…

Q: Discuss about the role of Corporate Governance in protecting the rights of the Shareholders.

A: Corporate Governance is a practice introduced by the market regulator for better disclosure and…

Q: What is the SEC’s relationship to the Public Company Accounting Oversight Board?

A: The Sarbanes-Oxley Act created the Public Company Accounting Oversight Board to supervise the…

Q: Differentiate Private from Public Accountants?

A: Accountants are the professionals that are engaged in the work related to accounting and taxation of…

Q: What are the advantages and disadvantages of a ‘comply or explain’ model of corporate governance?

A: "Comply or explain" model of corporate governance - The purpose of 'comply or explain' model is to…

Q: What factors create a need for assurance services? Explain how these factors are important to the…

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: What are the “Corporate Legal Person Traders” Explain those in details with your own words.

A: A legal entity may be defined as a body incorporated which has their own existence. These legal…

Q: Who is the CFO, and where does this individual fit into the cooperate hierarchy? What are some of…

A: CFO is the company’s Chief Financial Officer as CFO is a senior executive who does the supervision…

Q: the role of the Chief Audit Executive?

A: A chief audit executive or the head of the internal audit function in a company is a staff from the…

Q: How governance can be used in the Corporate Governance? Give appropriate examples.

A: Governance is the system by which an organisation is controlled and operates. It is mechanism by…

Q: What is a shareholders' m agreement? What should be included iscussion in the shareholders'…

A: A shareholder, also called a stakeholder, is an individual, business, or organization that owns at…