FUNCTIONS OF SEBI SEBI is the nodal agency which protects the interests of an investor in the India market. Otherwise regulation of the capital markets is primarily the responsibility of the Securities and Exchange Board of India (SEBI)‚ which is located in Bombay. Some of the major functions of SEBI are: • " SEBI is expected to regulate the business in stock exchanges and any other securities markets. • " Registering and regulating the working of collective investment schemes‚ including
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cannot be fully independent according to their professional code of conduct if he is maintaining a secret payroll for the client. He is essentially perpetrating a fraud on behalf of the client. It does not matter that PTL was not an organization registered with the SEC; the partner still has to follow the professional code of conduct that is integral to his profession and the public’s trust in it. 2. There are numerous procedures that an audit firm must perform before accepting an audit client: a
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provided by certified public accountants (CPAs). Two types: Increase reliability of information Putting information into a form or context that facilitates decision making. Types of Services Assurance Services Attestation Services Example: Audits of Financial Statements‚ Examinations of Internal Control Other Assurance Services Example: CPA ElderCare Prime Plus Services NonAssurance Services Tax Services Management Consulting Services Other Notes: Reliability reduces information risk
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Shockley produced a conceptual design based on certain aspects that are considered to have an effect on the auditor’s capability to endure stress. It has been suggested that‚ given the shut working connection between auditors and customers and the fact that auditors are paid by their customers‚ it is emotionally impossible for an auditor to be free from prejudice. Numerous aspects of concern have been noted in the literary works for many years. Shockley’s conceptual design highlighted on recognized
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Post completion audit aims to evaluate the efficiency and effectiveness of the capital budgeting decision that the management has implemented. It compares between the planned and the actual outcome‚ costs and the use of resources‚ results and benefits. It contains all assumptions that were made during the decision-making period. It is one of the ongoing continuous processes through which the organisation learns and improves. Recent research suggests that capital budgeting involves far more than
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To whom it may concern: I am writing this letter of recommendation on the behalf of Daphnie K. Rangel. She is an outstanding student and person. She not only believes in herself but everyone that she comes in contact with. She never thinks twice about helping people out and she is always willing to help in any way possible. She is a selfless person and cares deeply about her friends and family. She has achieved a 3.75 weighted GPA and a 3.5714 unweighted GPA. She is currently ranked 68
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Should Scotland Be Independent? Known as one of the most significant choices made‚ the vote over the Scottish independence allowed Scotland to decide its freedom from the United Kingdom. Scotland was once an independent nation‚ but was later made a part of the United Kingdom. Gaining its independence from the United Kingdom today allows Scotland to generate a number of advantages and disadvantages for the country. Even though 2014’s Scottish independence referendum concluded that Scotland should
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PLANNING THE IT OPERATIONS AUDIT The mere mention of an "audit" is enough to make anyone nervous. But‚ put in proper perspective‚ an audit of IT operational policies and procedures is an effective means of assessing the viability of IT services and functions. An audit will serve its intended purpose if two primary objectives are reached: 1. Audit goals are clearly defined in advance‚ stating the purpose of the audit and the expected results. 2. Audit results are applied to improve
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kComprehensive Problem Weighted-Average Method The PVC Company manufactures a high-quality plastic pipe that goes through three processing stages prior to completion. Information on work in the first department‚ Cooking‚ is given below for May: Production data: | | Pounds in process‚ May 1: materials 100% | | complete; conversion 90% complete | 70‚000 | Pounds started into production during May | 350‚000 | Pounds completed and transferred to the next department | ? | Pounds in process
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writing in support of Janet Lerner’s application for an NSF Fellowship. Janet is genuinely a gifted student with great potential as a research scientist. I encourage you to give her your most careful consideration. Janet has been conducting an independent honor’s research project in my laboratory for the past year. Without a doubt‚ Janet is one of those rare individuals that comes along only once every few years; she is highly intelligent (her transcript is blemished by a single “B”)‚ inquisitive
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