future. It is because she is the person who signs the commitment letter. (c) If she resigns immediately, it might affect her future career, other company will loss confident to hire her even banned. Besides that, she had signed some previous financial statement, if that found by the relevant parties, she is liable to face the legal responsibility. (d) Yes. She can refer to the MASB standard 9- Revenue, under the section 15 “sale of goods- revenue from the sale of goods should be recognized
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14-1. what are financial markets? What function do they perform? How would an economy be worse off without them? Financial markets are institutions and procedures that facilitate transactions in all types of financial claims. (Financial Management: Principles and Applications) This is a mechanism that is used to facilitate the transfer of savings from those economic units with a surplus to those with a deficit. If we didn’t have financial markets people or companies couldn’t buy houses, life
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misstatements” in a client’s financial statements. AU Section 312 discusses such items at length. Following is an excerpt from that discussion. If the auditor concludes that the effects of uncorrected misstatements, individually or in the aggregate, do not cause the financial statements to be materially misstated, they could still be materially misstated because of further misstatements remaining undetected. As the aggregate misstatements approach materiality, the risk that the financial statements may be
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The Mortgage and Financial Crises: The Role of Credit Risk Management and Corporate Governance William W. Lang Federal Reserve Bank of Philadelphia Ten Independence Mall, Philadelphia, PA 19106 Phone: 215-574-7225 E-mail: William.Lang@phil.frb.org Julapa Jagtiani Federal Reserve Bank of Philadelphia Ten Independence Mall, Philadelphia, PA 19106 Phone: 215-574-7284 E-mail: Julapa.Jagtiani@phil.frb.org February 9, 2010 Abstract This paper discusses the role of risk management and corporate governance
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( Asset Management) Ratios of Company | | Industry Performance Analysis | | Notes and Explanation | Limitation in Data collection and Arrangement: In the process of data collection and arrangement , following limitation found to be realistic. * There are 10 listed life insurance companies in Dhaka Stock Exchange (DSE).Annual Report of all the companies are in irregular intervals from FY to FY. * In order to maintain the consistency of data From FY to FY, We arranged financial data of five
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VOLUME NO. 4 (2014), ISSUE N O. 10 (OCTOBER) ISSN 2231-5756 A Monthly Double-Blind Peer Reviewed (Refereed/Juried) Open Access International e-Journal - Included in the International Serial Directories Indexed & Listed at: Ulrich's Periodicals Directory ©, ProQuest, U.S.A., EBSCO Publishing, U.S.A., Cabell’s Directories of Publishing Opportunities, U.S.A., Open J-Gage, India [link of the same is duly available at Inflibnet of University Grants Commission (U.G.C.)], Index Copernicus Publishers
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Following are multiple choice questions recently released by the AICPA. These questions were released by the AICPA with letter answers only. Our editorial board has provided the accompanying explanations. Please note that the AICPA generally releases questions that it does NOT intend to use again. These questions and content may or may not be representative of questions you may see on any upcoming exams. 2007 AICPA Newly Released Questions – Auditing 1. CPA-05465 Which of the following categories
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perform audit and assurance services here at Phoenix International. Assurance services focus on historical financial statement information. The most commonly used assurance service is that of attestation services. Attestation services consist of the “(1) audit of historical financial statements, (2) effectiveness of internal control over financial reporting, (3) review of historical financial statements, and (4) other attestation services that may be applied to a broad range of subject matter” (Arens
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STATUS AND POLICIES MANAGEMENT RESEARCH AND PRACTICE Vol. 2 Issue 3 (2010) pp: 299-313 DEVELOPMENT OF BOND MARKET IN BANGLADESH: ISSUES, STATUS AND POLICIES Mohammad Saleh JAHUR 1, S.M. Nasrul QUADIR 2 Department of Finance and Banking, University of Chittagong, Chittagong, Bangladesh sjahur2000@yahoo.com 2 Department of Finance and Banking, University of Chittagong, Chittagong, Bangladesh nasrul1964@yahoo.com Volume 2, Issue 3 / September 2010 Management Research and Practice
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and NonBanks Hayford Kwesi Annor Manager, Risk & Compliance/AMLRO, ABii National Savings & Loans Ltd. Doctorate of finance student, SMC University, Switzerland. FAAFM, Ch.FE, ACCPA, MBA, BSc, HND h.k.annor@gmail.com Abstract A deregulated financial sector is free to accumulate and allocate funds from anywhere irrespective of the nature, form, intent and source. Without regulatory oversight, this poses zero risk to banks and nonbanks no matter how they finance the capital structure. In the
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