What the main functions of the Commerce Commission? Please explain and illustrate each function.

Q: What is the role of the Public Company Accounting Oversight Board?

A:

Q: List internal control procedures related to e-commerce.

A: E-commerce: E-commerce is one form of business transactions made with the help of electronic…

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: Name some of the governments’ regulatory bodies and discuss their role in disclosure.

A: Some government regulatory bodies are: Australian Securities and Investments Commission(ASIC):…

Q: Explain and differentiate the role of government and industry in financial inclusion

A: Financial inclusion is the process in which the businesses and individuals have access to basic…

Q: Define professional corporation

A: Answer: A corporation is a separate legal entity to be registered under state law from its managers…

Q: tion (b) the capture theory of regulation (c) the economic interest theory of regulatio

A: a) Assumptions in public interest theory:i. The regulatory body is considered to representthe…

Q: Describe the provisions of the Sarbanes–Oxley Act as they relate to the creation and…

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

Q: How the hierarchy of U.S. generally accepted accounting principles for state and local government…

A: Financial reporting issues Financial reporting involves communicating the results and information…

Q: How can a broader conceptualization of accounts, accounting and accountability (the 3As), and the…

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

Q: What are the most important functions of the investment committee?

A: Investment committee is established by the organization for the purpose of making decisions related…

Q: State the differences between private sector and public sector accounting.

A: Private Sector The private sector refers to: organizations that are not government-owned, and the…

Q: What is create a more consolidated regulatory structure?

A: The question is based on the concept of financial regulatory structure of the country. Financial…

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: Discuss briefly why fiscal responsibility shall to the greatest extent be shared by all those…

A: The answer is stated below:

Q: Who are the "tripartite" stakeholders of the ILO, and what is the relevance of this grouping? In…

A: The International Labour Organization, commonly known as ILO, is an organization of the United…

Q: In what way Corporate governance is being applied in a government agency?

A: The corporate governance of the government authorities, through the provision of public services,…

Q: a) Discuss briefly the history, legislation, function, remittance of the Capital Market Board (CMB).…

A: Capital Markets Board(CMD) of Turkey is the regulatory body which supervises the financial market in…

Q: Who must register with the Public Company Accounting Oversight Board?

A: Public Company Accounting Oversight Board refers to the non-profit organization which regulates…

Q: The GIFMIS interfaces with a number of systems and sub-systems. A number of these systems and…

A: E-Monitor (Non-Tax Revenue-MoF) Non-Tax Revenue is that the revenant financial gain attained by the…

Q: " Accounting is shaped by , reflects , and reinforces particular characteristics unique to its…

A: The accounting system is considered to be the backbone of the nation's development as it will…

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: In common law countries accounting focuses on economic substance and the standards and procedures…

A: Common law is defined as the laws that are in unwritten form grounded on the legal precedents that…

Q: What are some of the major divisions and offices within the SEC?

A: Securities and Exchange Commission (SEC):   The board which set rules for the companies for…

Q: Describe the steps of Special Issues in Revenue Recognition.

A: Revenue recognition refers to principle of accounting which specifies revenue conditions.

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

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

Q: 1) The GIFMIS interfaces with a number of systems and sub-systems. A number of these systems and…

A: E-Monitor (Non-Tax Revenue-MoF) Non-Tax Revenue is that the revenant financial gain attained by the…

Q: Distinguish between the Customs Act, Customs Tariff Act, an EIPA Further, what is the purpose of…

A: Customs Act: Customs Act deals with the administration part of the customs transactions and general…

Q: Explain why establishing accounting standards is characterized as a politicalprocess

A: The standard setting process is a political process that is affected by the impact of several…

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: GENERAL PROVISIONS, BASIC STANDARDS AND POLICIES OF GOVERNMENT ACCOUNTING IMPORTANCE AS A WHOLE AND…

A: In the public monetary administration cycle, bookkeeping follows planning and and surveying an…

Q: Give an example of how cardinality relates to business policy.

A:

Q: hey relate to each other and/or how they both relate to specific challenges in economic development:…

A: Introduction: Industrial policy is the policy which are framed by the government in order to get…

Q: ce firms are regulated primarily at the federal level and which at the state level? Can you see…

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

Q: Discuss the common goal that IASB, FASB and other regional accounting bodies intend to achieve by…

A: A conceptual frame work is defined as the systematic formation of ideas and objectives leading to…

Q: Objectives of general purpose financial reporting is to provide information about. a. The Government…

A: Financial reporting is done to express the true and fair opinion on financial statements.

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: 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: xplain and differentiate the role of government and industry in financial inclusion by using a venn…

A: The term 'financial inclusion refers to the accessibility of financial products and services at low…

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…