Why should the Federal Reserve be subject to having their Balance Sheet audited?

Q: The process of fixing the price of securities in the financial market is based on which of the…

A: Solution: A financial market is market where people trade financial securities and derivatives. This…

Q: List

A: Basel III accord is developed by Basel Committee on banking…

Q: Discuss with example about federal reserve system & explain how banks’ balance sheets are formed?

A: The FRS System is that the financial organization of Country. And is answerable for the nation's…

Q: Why do you suppose accounting regulations requirecompanies to report paper losses or gains from…

A: This Statement establishes standards of accounting for exchange-traded futures contracts (other than…

Q: Which of the following is an asset of the Fed? Federal Reserve notes

A: Federal reserve assets include Gold, Special drawing rights, reserve position in IMF, Foreign…

Q: what is the  purpose of the Generally Accepted Government Auditing Standards

A: Generally Accepted Government Auditing Standards (GAGAS) are issued by the Comptroller General and…

Q: True or False-One of the Federal Reserves responsibilities is to: Foster payment and settlement…

A: Federal Reserve: Federal system in the banking system is followed in the United States. It is the…

Q: Describe the various functions performed by Federal Reserve

A: Function performed by federal bank  1 Maintain adequate liquidity in market. 2 Maintain interest…

Q: Which of the following is false?  A) a treasury note is a liability of the U.S treasury B) A…

A: The U.S. T-bond- Treasury bonds are government debt securities issued by the U.S. federal government…

Q: Are non-IFRS financial data different from the IFRS financial information? How may RG230 be used to…

A: Introduction "Disclosing Non-IFRS financial information" is the subject of RG230.

Q: State the purposes for which the securities premium reserve can be utilised.

A: Securities premium:Securities premium is the gain earned by the company, by issuing a share of a…

Q: Does the FASB considers options as securities or as cash?

A: FASB is the Financial  accounting  standard  board

Q: Write the differences between  treasury bill and corporate bond

A: Debt intrument: they are the tool an company or goverment can utilize for the purpose of obtaining…

Q: What agencies regulate securities markets?

A: Securities market: That is the place securities exchanging, for example, stocks and bonds, happens…

Q: Why should the Federal Reserve's Balance Sheet be audited?

A: This question deals with the Federal Reserve's Balance Sheet be audited:

Q: Which are the Federal and State Securities Authorities?

A: The question is based on the concept of security authorities working in United State. The law of…

Q: What does the Securities Exchange Act of 1934 cover?

A: Securities exchange Act of 1934 was designed to protect against unfair and inequitable practices in…

Q: Which of the following is the basis for fixing the price of securities in the financial market? a.…

A: Securities are first issued in primary market with the launch of Initial Public Offer (IPO). Later,…

Q: Why are U.S. government securities viewed differently from state and local government securities in…

A: The question is based on the concept of risk of default in bond investment. The default risk is…

Q: How does the Federal Reserve conduct monetary policy?

A: Federal Reserve regulates money supply through monetary policy. It conducts monetary policy by using…

Q: the Federal Reserve's monetary policy instruments and how they are used

A: The answer is:

Q: How are the Securities Investor Protection Corporation (SIPC) and the Federal Deposit Insurance…

A: An investor is a person who invests money in a stock, bond or in some other security so that return…

Q: What are some SEC regulations regarding sales of new securities?

A: The question is based on the concept regulation by the Securities and Exchange Commission for issue…

Q: could you elaberate on How should the bond situation affect your audit plan?

A: Audit plan is the schedule of what to be done in course of audit. It is a systematic approach of…

Q: How does investments control deficiencies affect the development of audit procedures for…

A: Audit procedure refers to the steps that are performed through auditors in order to get all the…

Q: What is importance of federal reserve system and explain how banks balance sheet are formed with…

A: Federal Reserve System was created on 23 December 1913, which is the central banking…

Q: Why is preparation of the government-wide statements considered to be "challenging"?

A: Government accounting seems to be a systematic technique for gathering, categorizing, documenting,…

Q: What are treasury inflation-protected securities (TIPS)?

A: TIPS It is the treasury security that the U.S. government issues. It is indexed to inflation for…

Q: What does the Securities Act of 1933 cover?

A: Securities and Exchange Commission (SEC): SEC is an independent organization of the federal…

Q: Government debt securities are issued by Whose obligations are they?

A: Government debt securities are those securities that are issued by the federal government to provide…

Q: interest

A: There are several methods used by the central banks in order to control the money supply. It is for…

Q: Give examples of tests of controls to test the operating effectiveness of internal controls in the…

A: The procedures which help the audit staff working on the engagement to test the operating…

Q: The process of fixing the price of securities in the financial market is based on which of the…

A: The price of securities in the financial markets are volatile in nature. There are both buyers and…

Q: What are some steps taken by both the FASB and IASB to move to fair value measurement for financial…

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