implemented and adhered to on a routine basis‚ typically by an accountant and auditor or a team of accounting professionals. Accounting in Bangladesh: In Bangladesh‚ the profession of Accountancy developed during the British colonial period. Today it is represented by two professional bodies‚ the Institute of Cost and Management Accountant of Bangladesh (ICMAB) and the Institute of Chartered Accountants of Bangladesh (ICAB). Chartered Accountants complete their training in practicing firms and specialize
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investors to assess the returns and risks associated with alternative investment plans. Standards provide rules of authority that accountants can appeal to while dealing with their clients. By doing so‚ accountants can firmly but politely refuse the client’s demand to accept reports that accountants believe to be incorrect or misleading‚ confident that some other accountant will not accept the risk of violating the standards‚ thereby getting the client’s business. The standards act as a safety net that
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‚" ’~". ~ ’ ’; ’0 IJ Rtl .. ... "‚V Electronic copy available at: http://ssrn.com/abstract=1788822 THE NIGERIAN ACADEMIC FORUM A Multidisciplinary Journal © National Association of the Academics (2009) EDITOR - IN - CHIEF: Prof. Nonso Nnabuife‚ Faculty of Engineering‚ Nnarndi Azikiwe University‚ Awka‚ Anambra State‚ Nigeria. EDITORS Dr. R. O. Seweje University of Ado-Ekiti‚ Ado-Ekiti Dr. E. N. Mordi ‚.Delta State University‚ Abraka Dr. Ogo Ibeneme Nnamdi Azikiwe University
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Accountant liability law varies across states within the United States. Clearly‚ accountants are liable to their clients for any mistakes that they make within their realm of work. However‚ the liability becomes questionable when dealing with third parties. A company may have many affluent stakeholders relying on their financial statements in order to make important decisions‚ which may have monetary impacts. Therefore‚ an auditor’s precision is imperative. There have been many proposals in which
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Abstract It is well known that accounting a social science is evolving with the development of society and its progress and advancement‚ and as the community reacts to events and changes in various spheres of economic‚ political‚ environmental‚ re ligious‚ and with the global economic crisis‚ which still affect most sectors of the economy‚ all of these reasons with other of reasons‚ imposed on this social science that is evolving in terms of quality‚ style and methods applied in order
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considered in light of the environment in which the entity operates. There obviously is a considerable degree of subjectivity involved in the determination. The concepts of unusual and infrequent require judgment. In making these judgments‚ an accountant should keep in mind the overall objective of the income statement. The key question is how the event relates to a firm’s future profitability. If it is judged that the event‚ because of its unusual nature and infrequency of occurrence‚ is not
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unclear whether technology’s impact on accounting has been positive or negative‚ it is clear that technology has drastically changed the accounting profession. Often a technological advance may be an asset to a business‚ but a liability to the firm’s accountant. For example‚ information can be provided in a timely and more accurate manner‚ but at the price of confidentiality. Some of the impacts of technology are neither positive or negative; they are simply changes. So in essence‚ the impacts of technology
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skills from previous studies. Generic and Professional Skills The context of international business markets have resulted in the changing role of accountants who are striving to create effective value for their employers. Jackling and Lange (2009‚ p.371) mentioned ‘New global business models and the digital age have shifted expectations of the work of accountants’. Thus‚ universities have attempted to link generic and professional skills into undergraduate accounting courses in order to develop educational
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accounting and finance. The IMA has strongly enforced ethics since it’s inception. Their ethics committee was one of the first committees established in 1919‚ at their very first meeting. It was call ‘The Standard of Ethical Conduct for Management Accountants. This shows that the IMA is extremely serious when it comes to the professionalism required by it’s members. This guideline has been revised twice‚ once in 1979 and then again in 2005. Upon the last revision‚ the code of ethical conduct became
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My immediate short-term career goal would be to pass all four parts of the Certified Public Accountant (CPA) exam. Successfully passing this exam‚ along with meeting the educational and work experience requirements‚ is the only way to make the rest of my career goals possible. Ideally‚ I will begin work for one of the “Big four” accounting firms (Ernst and Young‚ Deloitte‚ PWC‚ or KPMG) to gain the extensive knowledge I need in the field of audit to be successful in my long-term goals. Looking
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