The New Government Accounting System: Issues in Public Audit 1 Introduction Historically‚ the growth of government auditing and accounting in the Philippines was greatly influenced by the administrative practices in the United States‚ so much so that during the time that the General Accounting Office in the United States was responsible for the government’s accounting‚ that concept was similarly introduced in the Philippines. Unfortunately‚ by the time the practice was abandoned in the United States
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Bank Supervision and Regulation In order for the United States economy to be successful‚ there has to be some kind of regulations in place. If there is a stable and sound financial system in place‚ that will increase the effectiveness of the economy and also increase the effectiveness of monetary policy. The institution that is in charge of supervising and regulating financial institutions is the Federal Reserve. Bank supervision includes things such as monitoring and examining the condition
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Internet challenges the right to freedom of expression. On the one hand‚ Internet empowers freedom of expression by providing individuals with new means of expressions. On the other hand‚ the free flow of information has raised the call for content regulation‚ not least to restrict minors’ access to potentially harmful information. This schism has led to legal attempts to regulate content and to new selfregulatory schemes implemented by private parties. The attempts to regulate content raise the question
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Advertising Regulation The strength of the self-regulatory system lies in both the independence of the ASA and the support and commitment of the advertising industry‚ through the Committee of Advertising Practice (CAP)‚ to maintaining the high standards laid down in the Advertising Codes‚ which are designed to protect consumers. Today‚ the UK advertising regulatory system is a mixture of * Self-regulation for non-broadcast advertising * Co-regulation for broadcast advertising. The ASA
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Over the past years though‚ their regulation has stretched. It has even killed. According to Milton Friedman‚ the FDA has killed more people by stopping good medications from making it onto the market than they have saved by denying harmful drugs. Today‚ standards for FDA regulation go far beyond the health of the average consumer. The power vested into the FDA has caused a corrupt system where the safety does
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Lecture 11: Handout The Regulation of Banks Date: 28 April 2004 Module: International Banking Why Regulate Banks? Banks are intermediaries between money suppliers and those who need money. Commercial banks are most heavily regulated financial institutions. Five main reasons for regulation: I. The first is to ensure the safety and soundness of banks. The purpose is to maintain I) domestic and II) international confidence‚ III) protect depositors and ultimately taxpayers
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themselves a part of the business community‚ as well as society. Making money is not unethical; however‚ money cannot be the driving force of ethical thinking within a business (ethics.org‚ 2008). This paper will discuss the statement "strict government regulations are necessary to make companies behave ethically". An examination of this statement in accordance of ethics
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scientists will inject a seed with the gene turning it into a genetically engineered seed. The GMO regulation has inconsistent guidelines‚ policies that are out of date‚ and regulations that are contradictory between FDA‚ EPA‚ and the USDA. The Federal government will need to upgrade their policies and guidelines that will require that the government agencies pay more attention to the policies. The regulations and procedures should require altered biotechnology crops to have a higher standard than non-GMO
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billion pounds of seafood‚ and this number increases more and more each year. We already know that because of our over-population problem that fish is becoming more finite everyday. Luckily‚ we have many fishing regulations to help try to combat this problem. In 1871 the United States government took the first step to trying to combat the dwindling fish population. The U.S. Comission on Fish and Fisheries was established with the goal to be‚ “dedicated to the protection‚ study‚ management‚ and restoration
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international accounting should be presented in the international segment‚ while papers on governmental and non-profit accounting should be presented in the governmental and non-profit accounting segment. For the mutual benefit of all‚ students should equally distribute their selection of topics. Topics may include‚ but are not limited to 1. investigations into specific topics in international‚ government and nonprofit accounting 2. application of either international‚ government or nonprofit
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