because it generates ninety nine percent consciousness among professional accountants and to promote an ethical culture with listing the five Fundamental Principle of Professional Ethics and lay down some threats to principles with its Conceptual Framework which leading to the independence enhancement of auditors (IFAC‚ 2009) [online]. The principle-based ethical code is significantly encourages that EAs to exert ethics and independence in their thinking and behaviors‚ and it is optional to be performed
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Legal and Regulatory Framework I. The basis of the contract From the coupon attached‚ we can see the specialist terms as follows: 1. Each person should use only one ticket and not use the ticket in conjunction with other coupons 2. The Minimum consumption should be controlled over 100 yuan. 3. The coupon can’t be used in the holidays. 4. The final interpretation is owned by our company. The standard form contract is a standard document prepared by many large organizations
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Regulatory Bodies By Jason Eastridge University of Phoenix XACC/280 Daneene Barton January 28‚ 2012 There are many major regulatory bodies in the financial industry. I found there to be about nine major bodies. First you have the FDIC‚ Federal Deposit Insurance Corporation‚ which insures al major banks deposits. The FDIC also handles and approves any bank mergers and audits. The FED‚ Federal Reserve System‚ basically is the manager of the money supply to banks and handles some banking regulations
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health and safety and risk management policies procedures and practices in health and social care or children and young people’s settings (M1) Sector unit number M1 Level: 5 Credit value: 5 Unit Reference Number: K/602/3172 Level 5 Diploma in Leadership for Health and Social Care and Children and Young People’s Services 1.1 Explain the legislative framework for health‚ safety and risk management in the work setting. 1.2 Analyse how policies‚ procedures and practices in own setting meet health‚ safety
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The following are the major regulatory bodies in finance and accounting: • The Financial Accounting Standards Boards (FASB) o This body is responsible for setting standard for reporting information on finances to the public. The principles of the GAAP are used to establish the standards set by this governing body. The body is responsible to protect investors and the public from companies that may commit fraud. This brody serves as a source to resolve issues surrounding accounting and reporting
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Accounting Regulatory Bodies The success of an organization relies heavily on accounting. Investors are extremely important to publicly traded companies‚ and they rely on accurate accounting documents when choosing whether or not they want to invest in a company. Several accounting regulatory bodies exist‚ and each of them plays an important role in accounting and the effects that accounting has on an organization. The primary goal of these regulatory bodies is to establish a set of rules and
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Legislative framework in practice In the table below‚ identify how four health and safety laws and two health and safety regulations influence the policies and working practices within your organisation. Health and safety law or regulation How this influences your workplace policies How this influences working practices Control of Subtances Hazardous to Health Regulations (COSHH) 2002 This regulation covers all substances that could affect a person’s health. These include cleaning materials
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Regulatory framework for financial reporting Introduction In the next couple of pages the author will firstly discuss the main advantages of the crossroad growing adoption of IFRS‚ and how does it particularly benefit investors and managers. The author will also be discussing the most significant challenges of the adoption and expansion of the IFRS in the future. Further more the author will‚ suggest how the IASB and its key constituents should face these challenges and overcome them. IFRS
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Legislative Branch Of Brunei: Under the 1959 constitution there was an elected Legislative Council‚ but only one election has ever been held‚ in 1962. Soon after that election‚ the assembly was dissolved following the declaration of a state of emergency‚ which saw the banning of the Brunei People’s Party. In 1970 the Council was changed to an appointed body by decree of the Sultan. In 2004 the Sultan announced that for the next parliament‚ fifteen of the 20 seats would be elected. However‚ no date
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Regulatory Bodies Checkpoint Basically‚ a regulatory body is a tiered system put in place to protect investors and banks from cons and scams. It helps to prevent fraud and punishes offenders for things such as insider trading. At the top of this regulatory structure is the United States Congress which is itself the in charge of the SEC or Securities Exchange Commission‚ this body puts regulations and laws in place which banks‚ brokers‚ investors and the Marketplace must abide by‚ it also
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