why you think each state is responsible for issuing CPA licenses.
Q: Do the principles of natural justice apply to incorporated and unincorporated societies? – explain…
A: A business organization can be formed in various business organizations, such as a sole…
Q: Presented below are three models for setting GAAP. 1. The purely political approach, where…
A: The public/private mixed approach appears to be the way rules are established in the United States.…
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: What the main functions of the Commerce Commission? Please explain and illustrate each function.
A: Commerce commission is the agency of government with the responsibility for imposing legislation…
Q: What is the range of penalties that the PCAOB could have levied against London? By the…
A:
Q: what does the success of the board of directors in fulfilling its oversight responsibilities depend…
A: Answer: The board of directors of any company are formed so that to check the operations of the…
Q: Who appoints the internal auditor? a. Management b. Government c. External stakeholders d. Members
A: Internal auditor performs internal audit functions.
Q: Why is the practice of 21C public sector accountability considered to be more complex and robust…
A: The practice of 21C public sector accountability considered to be more complex and robust than…
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: Which of the following is not necessary for a special purpose local government to be viewed as a…
A: The GASB is the board that provides the guideline to the governmental units about proper accounting…
Q: Briefly describe the service type activities that most general purpose governments perform?
A: Governmental accounting standard board is established in United States, used by the state and local…
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: What is the relevance of the police officer to the decision making of an entity?
A: Decision Making Strategy Decision making is an important process in the organisation to make…
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: What is civil law, and what does it accomplish? What are the primary examples of public law?
A: Civil law is a subpart of law. Civil law is a legal system built upon Corpus Juris Civilis, the…
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: What are some ways an audit report for a government differs form an audit report for a for-profit…
A: An evaluator's report is a composed letter from the reviewer containing their assessment on whether…
Q: entity's control environment.
A: Control environment is a component of internal control system.
Q: What statutes does the Commerce Commission have oversight of?
A: In the year 1986, a commission known as commerce commission was established with an aim to regulates…
Q: xample?
A: Introduction: Fund accounting is said as a system which put that place in order to recording the…
Q: Which of the following is necessary for a special purpose local government to be viewed as a primary…
A: Introduction: The GASB is the board that provides the guideline to the governmental units about…
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…
Q: Explain the oman government unit , Business type and fiduciary type with explain?
A: Governmental units are described as agencies, board, division, department, political subdivision,…
Q: Which of the following statements regarding the requirement to follow U.S. GAAP in financial…
A: Generally accepted accounting principles (GAAP) are controlled by the Financial Accounting Standards…
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: n the United States, the __________, a government agency, has the legal authority to set GAAP.
A: Financial Accounting Standard board (FASB) is a government body established for the purpose of…
Q: dys lows all the laws of the country fulfill the responsibility of the organization towards
A: In any country the taxes are levied by the government or the governing body. No other person or…
Q: Are there sufficient internal and external controls in government operations?
A: It is important to implement both internal as well as external control over company's operations…
Q: Why is there a need or why is it a requirement for banking institution, building and loan…
A: Every banking institution, building and loan association, trust company, insurance company, must…
Q: Each state has an insurance commissioner whose job it is to ensure insurance agents and companies…
A: An insurance commissioner is referred to as the public official in an executive branch of the…
Q: Who is the current chairman of the IASB?
A: The IASB is an independent accounting standard-setting body, based in London. It consists of 15…
Q: What type of organization primarily offers tax compliance, auditing, and consulting services?A.…
A: There are various forms of business organisation. These are sole proprietorship, partnership and…
Q: What are property, rights and contract enforcement in rationale for government intervention?
A: The government generally assigns the property rights for the properties when they are exclusively…
Q: today, most federal regulations are exercises of what authority according to the commerce clause of…
A: Clause 3 of U.S .Constitution authorizes power to congress to regulate the commerce with several…
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: Critically examine the principle of Accountability in public administration For the principle…
A: Public administration is a detailed and systematic examination of public law in the Administration…
Q: Which body is primarily responsible for the establishment of GAAP in the United States? What body…
A: Given: The primary responsibility of the establishment of the GAAP.
Q: A primary government can be either a general purpose government or a special purpose government.…
A: Difference between Primary purpose government and specific purpose government: General Purpose…
Q: What is the purpose of Presidential Decree 717?Explain in your own words
A: Different types of laws and acts are prepared time to time to support or reform a current economic,…
Q: Separate accounting standards exist for the U.S. federal government in contrast to state and local…
A: Accounting: It is the process of recording, classifying, summarizing all transactions of a business…
Q: What should you tell your friend about the presence of accounting standards in theUnited States? Who…
A: Worldwide monetary scene huge change. These advancements have been inferable, to some degree, to…
why you think each state is responsible for issuing CPA licenses.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- What statutes does the Commerce Commission have oversight of?How does a company determine if it should use an ABO, PBO, or VBO calculation? Is the determination made or impacted by legal requirements of the federal or state government?Based on the American “constitution,” which internal and external stakeholders, in the policy making process, possess “constitutional legitimacy” for their role in making public policy? Do entities with explicit power have more influence than those entities with implied powers in making public policy? Should they? Why or why not?
- Why is there a need or why is it a requirement for banking institution, building and loan association, trust company, insurance company, and so forth to have certification of the appropriate government agency in order for the Commission to accept the filing of bylaws of such institutions?Who should set accounting standards? A government agency or private body such as the FASB?What are the powers of the BIR Commissioner?
- Which of the following statements regarding the requirement to follow U.S. GAAP in financial reporting is true? 1.U.S. GAAP represents a set of professional standards, and the requirement to follow U.S. GAAP is enforced through the AICPA Code of Professional Conduct. 2.U.S. GAAP has been adopted as state law in all 50 states, so failure to follow U.S. GAAP is prosecuted through the state court system. 3.U.S. GAAP has been adopted as federal law, so failure to follow U.S. GAAP is prosecuted through the federal court system. 4.Compliance with U.S. GAAP is not enforced; it is a voluntary choice made by most companies and by most professional accountantsWhat should you tell your friend about the presence of accounting standards in theUnited States? Who has the authority for standard setting? Who has the responsibility?Which of the following correctly identify the requirements for both legal and personal competence for a fiduciary? Must be a U.S. citizen Must meet a minimum age requirement as specified by state law Must be capable of analyzing a situation and making decisions Must be mentally competent as required by state law