33 Laws and Regulations are to be complied by reporting entities in order to continue in business. Such laws and regulations will have both a direct effect on the financial statements and an indirect effect. Accounting firms will have to follow___________ a. Code of Ethics b. All the options c. Health and safety laws d. Food hygiene laws

33 Laws and Regulations are to be complied by reporting entities in order to continue in business. Such laws and regulations will have both a direct effect on the financial statements and an indirect effect. Accounting firms will have to follow___________ a. Code of Ethics b. All the options c. Health and safety laws d. Food hygiene laws

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Visit the AICPA’s web site and read Sections ET 50 to 57 of the Code of Professional Conduct and By- laws. Prepare a memo to your professor setting forth the important professional guidelines incorporated in the Code. For each principle you identify, provide an example of how that principle might impact you in your career as a forensic accountant.
6 Explain why financial statement information has characteristics of a public good. Include a definition of a public goods in your answer. What does this imply about using the extent of security market reaction to accounting information to guide accountants?
Which of the following is/are primary sources of data? i. Data collected by a bank through telephone calls from the credit card customers to gain an insight on their satisfaction level. ii. Previous records of Commission received to be used to prepare forecasts for next year. iii. Data collected from Global Business review about recent market trends
Which of the following must be displayed prominently in a headquarters, satellite office of the establishing agent or broker, by the supervising person(s) responsible for that place of business? À Certificate of occupancy B License of supervising person C College Degree B Professional affiliates
3. The main objective of management accounting is _________ a. To record all the business transactions b. To know the amount due from customers and suppliers c. To maintain the accounting records d. To ascertain, analyze and interpret the results of business operations
TAKING IT TO THE NET G1 BTN 18-3 Managerial accounting professionals follow a code of ethics. As a member of the Institute of Management Accountants, the managerial accountant must comply with standards of ethical conduct. Required 1. Read the Statement of Ethical Professional Practice posted at IMAnet.org. (Under "Career Resources" select "Ethics Center," and then select "IMA Statement of Ethical Professional Practice.") 2. What four overarching ethical principles underlie the IMA's statement? 3. Describe the courses of action the IMA recommends in resolving ethical confilicts. Activate Windows Go to Settings to a Page 6
1.Explain why businesses need ethics programs and list their minimum requirement. 2.Describe the role of codes of ethics in identifying key corporate risks. 3. Review the factors in successful ethics training and goals. 4.Explain the ways ethical standards are monitored, audited, and enforced.
Which of the organization monitor the activities of the International Ethics Standards Board for Accountants (IESBA)? O a. International Code of Ethics for Professional Accountants Ob. Public Interest Oversight Board O c. International Federation of Accountants Nominating Committee O d. International Federation of Accountants Board
What secondary source of data can I use for the following research topic: COVID-19 : A Threat to the Financial Resiliency of Hotel Employees. Include citations or links if possible
Explain the following for a manufacturing, retail, or service business: The primary purpose of the entity The types of activities that accountants would record (hint: what is the source of the business’ funding, and what costs might the business have? The types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process?