5. Explain the components of the new COSO ERM Framework? (2017 version)

Q: Describe the purpose of the AICPA. What is the AICPA’s primary function?

A: The American Institute of CPA (AICPA) is a non-profit organization of Certified Public Accountants…

Q: Explore the differing reasons for IFRS adoption around the world

A: International Reporting Financial Standard (IFRS) IFRS are basically the accounting standards issued…

Q: Can you explain the formula you used in C3?

A: Lets understand the basics.When bond is issued for more than its face value then bond is known to be…

Q: What other observations can we make about organisational change? "Give egs of people in their orgs.…

A: Contingency approach in Management for Organizational Change There are different types of approach…

Q: What are the IFRS and IAS standards trying to accomplish, and how broad is their scope?

A: In the era of globalization, businesses around the world work together. Investors have more…

Q: What is the PCAOB? Describe its mission.

A: Introduction:   Businesses must register with the PCAOB in order to audit brokers, dealers, and…

Q: Find three key ideas that underpin GAAS and explain why they are so important.

A: Concept: GAAS is generally accepted auditing standards. It is to be followed by the auditors while…

Q: Explanation 1031 like-kind exchange

A:

Q: what is iso9000:2015

A: 1) ISO 9000:2015 Ans) ISO 9000:2015 defines the concepts and phrases that relate to all efficiency…

Q: What can be understood from Integrated disclosure system.

A: Integrated disclosure system: It is an update in the security exchange commission’s guidelines to…

Q: What is the Committee of Sponsoring Organizations (COSO)? Briefly describe the original…

A:

Q: What are the 5 ways the PBO can change?

A: Projected Benefit Obligation:   It is a pension concept in accounting as it is the present value of…

Q: Define the term CQS Plan?

A: Introduction: Usually, stock exchanges such as the New York Stock Exchange operate as a forum where…

Q: How are IFRS and the codification related? Do you feel that IFRS adoption could happen without…

A: The question is related to International Financial Reporting Standards (IFRS) and Codification. The…

Q: List all the IAS and IFRS Standards, discuss briefly their definitions, thier objective and their…

A: The Accounting standards are the set of principles and procedures to be compulsorily adopted by the…

Q: Narrate how AIS adds value.

A: Accounting information system (AIS): An accounting information system is used for collection,…

Q: When did GNMA come into existence? What was its original function? What is its main function now?

A: Introduction: The given question is related to the concept of real estate finance and investments.…

Q: 3 What were some of the challenges to the IASB in developing a conceptual framework?

A: International Accounting Standards Board (IASB): IASB is the board which frames, develops, approves,…

Q: Illustrate the CDO Structure?

A: CDO is the abbreviation used for collateralized debt obligation. It is corporate based funanacial…

Q: examine the challenges you encounter during and after acquring buderim group?

A: Buderim is a locally owned company which makes its revenue from the sale , manufacturing and…

Q: When an organisation recognises a provision and related expense for annual leave, and a provision…

A: Provisions: A provision is a sum put aside to meet anticipated future expenditures. It is an…

Q: PFRS 15.

A: Definition: PFRS 15 - Philippine Financial Reporting Standards. It includes Philippine Accounting…

Q: What is full form of PBGC? Describe about it.

A: PBGC means Pension Benefit Guarantee Corporation. This corporation is a federal agency created by…

Q: Purpose of the Codification project.  Name some pros and cond

A: The answer is stated below:

Q: Explain the major dimensions for developing an international information systems architecture and…

A: Every company needs records of its actions in order to identify the source of problems and implement…

Q: Make 1 suggestion on how to improve NTT’s organization structure/situation?

A: A framework that specifies that certain tasks are guided in order to accomplish an organization's…

Q: What are the functions of the conceptual framework under IFRS?

A: International Financial Reporting Standards:   IFRS (International Financial Reporting Standards) is…

Q: how would you implement the SA8000 model in an organization?

A: SA8000 model :  This model is considered a Social accountability standard with the International…

Q: Describe the primary roles of the PCAOB.

A: PCAOB indicates to a non-profit organization stated in US and set up by Sarbanes-Oxley Act in…

Q: What 10 elements are included in the study of AIS?

A: Accounting information system (AIS) is a form of gathering, keeping and preparing financial…

Q: Looking at the changes, what conclusions can you draw from th

A: Introduction:- According to vertical analysis, balance sheet shows all items in the balance sheet…

Q: 3. Please, explain (with an example for each) ... a real world situation, where Future Value and…

A: Present value : It is the current value of future  cash flows i.e., how much the future sum of money…