ACCOUNTING REGULATORY AGENCIES Introduction Accounting standards are needed so that financial statements will fairly and consistently describe financial performance. Without standards‚ users of financial statements would need to learn the accounting rules of each company‚ and comparisons between companies would be difficult. Numerous accounting bodies govern the accounting environment and accommodate the success of a business. The four main financial governing bodies include
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Most significant moments in our lives can also be associated with food. The birth of a child inspires loved ones to stockpile the new parents’ kitchen with congratulatory blessings of scrumptious casseroles and desserts. Mandatory sugary confections commemorate birthdays and anniversaries. A couples’ new life together is first celebrated with slews of edible delights and ostentatious cakes. Tragically‚ even death is marked with food furnished out of love and sympathy for the family. In the lives
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Define regulatory arbitrage. Briefly discuss the new capital buffer requirements proposed under Basel 3. Regulatory Arbitrage This is a practice whereby firms capitalize on loopholes in regulatory systems in order to circumvent unfavourable/unprofitable regulation. Arbitrage opportunities may be accomplished by a variety of tactics‚ including restructuring transactions‚ financial engineering and geographic relocation. For example‚ a company may relocate its headquarters to a country with lower tax rules and favourable regulatory policies to
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Introduction to the regulatory environment in India The regulatory environment also known as Legal Aspects of Business‚ Business law‚ Commercial Law‚ Mercantile law is a subject which provides an element of limitation to all the business strategies regulated through different statutory provisions and rules. It not only emphasizes on substantive law but also on procedures and compliances thereby prepares the students of Business for the legal environment they would eventually face in the corporate
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Ethical and Regulatory Issues Paper President Clinton signed the Telecommunications Act of 1996 into law in February 1996. The law modified earlier legislation‚ primarily the Communications Act of 1934. The legislation regulates broadcasting by over-the-air television and radio stations‚ cable television operators‚ satellite broadcasters‚ wireline telephone companies (local and long distance) and wireless telephone companies. The general intention of the Act was deregulation and competition. The
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| 2012 | | Dallas - INTA 2040Elyse Showalter | [Innovation and International Affairs] | There exists a cyclic relationship between scientific/technological innovation and international affairs that helps to drive the global economy‚ as well as ensure a continued need for global policies‚ international cooperation‚ scientific discovery‚ and technological innovation. | Novelty. Invention. New. Creation. Problem-Solving. Innovation. Innovation is something new or different introduced
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regulatory framework that financial advisers must consider‚ and by which they must abide There are a number of regulators in which financial advisers must consider and abide to ensure that clients and their assets are protected‚ and can confidently depend on a financial adviser in planning their retirement. The core of the regulatory environment within which financial advisers must consider is the Corporations Act along with the Financial Services Reform Act‚ and the Financial Planning Association’s
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Regulatory Agency Paper Christy Dockery HCS/430 April 20‚ 2011 Reginald Bernard Regulatory Agency Paper Every healthcare organization should provide proof of accreditation. Accreditation assures any healthcare organization that the standards have been met and maintained. Joint Commission on The Accreditation of Healthcare Organizations (JCAHO) provides accreditation. JCAHO evaluates healthcare organizations that voluntary seek accreditation. JCAHO is made of individuals from the private
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A few of the key issues in the pharma industry are regulatory and legal Issues‚ long‚ uncertain research and development‚ process access‚ pricing‚ and patent Issues (Williams & Torrens‚ 2008). Pharmaceutical discoveries since the 1950s have helped to cut death rates for chronic as well as acute conditions‚ since the 1960‚ vaccines have greatly reduced the incidence of childhood diseases— many of which once killed or disabled thousands of American children (Williams & Torrens‚ 2008). The drug discovery
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Legal‚ Safety‚ and Regulatory Requirements Marissa Rittiron HCS/341 April 10‚ 2013 Debbie Kreisher Legal‚ Safety‚ and Regulatory Requirements Human resources must abide by legal regulations and safety laws‚ along with regulations requirements. This is set in place for organizations to avoid litigation. The employee-related regulations have been established by the United States including; Department of Labor‚ the U.S Equal Employment Opportunity Commission‚ The Americans with Disabilities
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