REGULATORY BODIES OF INDIA Financial Stability and Development council: The idea was first mooted in a committee headed by Raghuram Rajan in 1998. It is an apex regulatory body constituted by Government of India. It is an initiative to be better prepared for any future economic meltdown by regulating the economic assets. The aim of the body is to provide a stable financial sector development and inter-regulatory coordination. The body consists of: Chairperson: The Union Finance Minister of
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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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to ascertain if they could speak and understand English. If there was no language barrier I would discuss the legislations in place and inform them that as a child-minder I have to follow legislations as acts of law and also explain the role of the regulatory body Ofsted to which I have to adhere to‚ I would also give them written information to support this. If the parents had difficulty with‚ or not much understanding of the English language or written English then I would enquire if there was
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Legislation regulating home based child carer’s and the role of Ofsted the regulatory body All people working with children are governed by legislation that is in place to protect your children and the child care provider. In this document I have listed four important legislations that are of particular importance to home based child care providers and noted how I aim to incorporate them into my practice. Child care practitioners also have a regulatory body; in England it is Ofsted. This document gives you
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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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1.1 Outline the current legislation covering home based childcare and the role of regulatory bodies As a home base childcare provider‚ I must ensure that the current legislations are carried out and practised according to the relevant governing bodies. I must ensure that the requirements of the Children Act 2004 are met. It was put into place to improve the overall well-being in children and in later life. There are five outcomes that are key to achieving this. * Be healthy – so that
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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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for homebased child carers. Which is the Children act (2004) and the Childcare act (2006). Childcare act (2004) For a childminder there are five aspects that are the most important: - Be healthy (physically‚ mentally and emotionally) - Safety (protect the children from harm and neglect) - Achieve good education and recreation - Make a positive contribution - Social and economic well-being Childcare act (2006) This act is for the EYFS in England and Wales. The local
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Assignment Task 1 Regulatory bodies and current legislations OFSTED Ofsted is the office for standards in Education‚ children’s services and skills. They make sure that people achieve excellence in care of children and young people. Ofsted assess children services in local areas and inspect services for looked after children ‚ safeguarding and child protection. Ofsted’s job is to check places that young people and children are looked after and the people who look after children and young people
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The nine major regulatory bodies are: Internal Revenue Service (IRS) which is the federal agency responsible for administering and enforcing the Treasury department revenue laws through the assessment and the collection of taxes‚ determination of pension plan qualifications‚ and related activities‚ Securities and Exchange Commission (SEC) which is an independent federal agency that is responsible for regulating securities market in which stocks and bonds of the major companies is traded‚
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