The Legality of Security Work Name: University: The Legality of Security Work Private security is non-governmental security related protection. It includes private investigation (PI)‚ uniformed security (armed or unarmed)‚ and executive protection‚ private security companies (PSC)‚ security systems and private limited companies. Civil liability‚ which is a factor of private security‚ arises when an offence is both a crime and a tort. Civil actions can be brought against any private security
Premium Security guard Security
1) Explain the auditor’s responsibility to detect material misstatements due to errors and fraud and the categories of fraud affecting financial reporting. Identify misstatement in financial report is the major task of auditor. Regardless the result of error or fraud‚ plan and perform audit engagements are being required by auditors to ensure financial statements are free from material misstatement by reasonable assurance instead of total responsibilities to the fair and true reports due to the limitation
Premium Auditing Audit Balance sheet
CHAPTER 3 INTERNATIONAL CONVERGENCE OF FINANCIAL REPORTING Answers to Questions 1. The ultimate goal of both harmonization and convergence is to achieve international comparability in financial reporting‚ and both are processes that take place over time. However‚ while harmonization refers to the reduction of alternative accounting practices in different countries‚ convergence refers to the process of developing a set of high quality financial reporting standards for use internationally (the process
Premium International Financial Reporting Standards European Union Financial statements
The Legality of Risk Management Vicki Johnson University of Phoenix DHA/712 Risk Management in Complex Organizations Professor Gerald Griffin February 9‚ 2012 On a Friday afternoon a 46-year-old female veteran with a persistent cough‚ raspy breathing‚ and fever came into the Veteran Affairs Medical Center Emergency Department. The physician on staff examined the female veteran‚ and did not find any specific abnormalities. The physician still ordered chest
Free Medicine X-ray Health care
Journal of Basic and Applied Sciences‚ 5(11): 2092-2096‚ 2011 ISSN 1991-8178 The Impact of Professional Ethics on Financial Reporting Quality 1 1-2 Mahdi Mahdavikhou‚ 2Mohsen Khotanlou Young Researchers Club‚ Hamedan Branch‚ Islamic Azad University‚ Hamedan‚ Iran. Abstract: This research aims to study the impact of professional ethics on promoting quality of financial reporting. The statistical population in this study includes 440 listed companies in Tehran Stock Exchange (TSE) in 2010. Using
Premium Ethics
Causal reasoning in financial reporting and voluntary disclosure This paper examines causal reasoning‚ applying the theories to financial reporting. Causal reasoning involves diagnosis (determining the cause of an effect) and prediction (vice versa). These are important and commonplace amongst analysts‚ investors and management regarding company earnings and share prices. However‚ there is very little recent research employing causal reasoning theories to this field. Attribution theory describes
Premium Attribution theory Causality Scientific method
Revenue recognition is a very important component of financial accounting and reporting. The accounting principles governing revenue recognition can have a big impact on corporate accounting and the way contracts are structured with customers. As a part of ongoing discussions to converge U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)‚ some proposals to change revenue recognition have been discussed. The following will discuss revenue
Premium International Financial Reporting Standards Financial Accounting Standards Board Revenue
21. General-purpose financial statements are the product of a. financial accounting. b. managerial accounting. c. both financial and managerial accounting. d. neither financial nor managerial accounting. 22. Users of financial reports include all of the following except a. creditors. b. government agencies. c. unions. d. All of these are users. 23. The financial statements most frequently provided include all of the following
Premium Financial Accounting Standards Board
Financial Reporting Problem: Toll Brothers Inc. Learning Team “D” ACC/290 Jan 9‚ 2014 Mark Graves Financial Reporting Problem 1. What are the company’s total assets at the end of its most recent annual reporting period? Why is this important? $6‚181‚044‚000 Knowing a company’s total assets is important to determine such things as: Whether a company has enough assets to pay its debts as they come due To determine whether cash on hand is sufficient for immediate cash needs 2. What are the total assets
Premium Balance sheet Generally Accepted Accounting Principles
Evolution of International Financial Reporting Standards (IFRS) HARITIKA CHHATWAL Objective Accounting is the systematic measurement and recording of financial information used for decision-making‚ coordination‚ or control in an organisation. In broader perspective the financial information has to be more read as “quantitative information" rather than just merely "financial information" as the measurement and use of "non-financial information" has emerged as
Premium International Financial Reporting Standards