What are laws and regulations specific to an Accoutning Firm? Describe laws and regulations that apply to an Accoutning Firm. Explain how a firm can meet those conditions. How can a Accounting firm set up a local sole proprietorship within your community? Address any legal, zoning, and licensing concerns an Accounting Firm will face. Address any pending regulations which may have an impact on a Accounting Firm.

What are laws and regulations specific to an Accoutning Firm? Describe laws and regulations that apply to an Accoutning Firm. Explain how a firm can meet those conditions. How can a Accounting firm set up a local sole proprietorship within your community? Address any legal, zoning, and licensing concerns an Accounting Firm will face. Address any pending regulations which may have an impact on a Accounting Firm.

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter1: Comprehensive Cases

Section1.8: Livent, Inc.

Problem 7Q

See similar textbooks

Similar questions

Consider the following questions on opening and running an Accounting Firm and how they apply: Target market?Competitors?Suppliers? Labor? Social responsibility? Legal issues?
Explain the relevance of law to accountants in their capacity as business owners. Include any ethical factors that might need to be considered.
Explain the relevance of law to accountants in their capacity as third parties acting for/on behalf of organizations. Include any ethical factors that might need to be considered.
Use the internet to research one manufacturing, one retail (or merchandising), and one service business. For each business, describe the following: A. the primary purpose of the entity B. the types of activities that accountants would record (hint: what is the source of the business funding, and what costs might the business have?) C. the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process
What are some of the reasons a business owner might choose the corporate form of business?
Case study: accounting
Explore the role of the accounting
What are Generally Accepted Accounting Principles? Multiple choice question. Regulations designed to promote strong ethical conduct. Regulations companies must follow in order to be publicly traded. Minimum requirements for becoming a CPA. The concepts and rules that govern financial accounting practice.
Review the imanet.org website to research more information about the Certified Management Accountant (CMA) certification. Choose one of the following questions to discuss: Discuss what you think the benefits of having the CMA certification are and what value a CMA brings to companies. Using the internet or other resources to research other accounting certifications, pick two other accounting certifications and compare them to the CMA. Do you think a certification only allows a professional to work in one field of accounting or another, or do the certifications cross subfields of accounting? Are there benefits to professionals pursuing more than one certification? Why or why not? Which certification do you personally find most interesting and valuable? Discuss what you think the benefits of having the CMA certification are and what value a CMA brings to companies
?? Detailed answer
An accounting association established a code of ethics for all members. The most likely primary purpose for establishing the code of ethics was to: a Outline criteria for professional behavior to maintain standards of competence, morality, honesty, and dignity within the association. b Establish standards to follow for effective accounting practice. c Provide a framework within which accounting policies could be effectively developed and executed. d Outline criteria that can be utilized in conducting interviews of potential new accountants.
Advanced Accounting requires many rules and regulations. The latter come from many sources. In your Journal this week you will research two rules or regulations that pertain to Advanced Accounting topics and submit them to your Unit 1 Journal. For each of the rules or regulations, answer the following questions. What is the name of the rule or regulation? What agency or government created the rule or regulation? Does any agency or government have the power to enforce the rule or regulation? If so how? If not, does this hinder the enforcement of the rule or regulation?