Both codes incorporate the conceptual framework approach for evaluating threats when specific rules on a matter do not exist.
Explanation:
IFAC has enacted a Code of Ethics for Professional Accountants (IESBA Code), the International Ethics Standards Committee for Competent. The latest IESBA Code edition was upgraded and modified in July 2009 and comes into force on 1 January 2011. The adjustments clarified and considerably strengthened the independence specifications for all competent accountants.
IESBA and AICPA are more comparable than they are, but there are substantial differences. In many instances it will produce similar effects if codes are added to the same pattern of truth.
The IESBA Code deals with a number of possible independence issues which are covered by the AICPA Conceptual Structure but not AICPA. Examples include the Long Senior Human Resources Group (including Team Rotation).
Certain independence restrictions are enforced by the IESBA Code representing the "extent of public interest in certain companies" (i.e. entities listed on an accepted stock exchange for whose shares are listed), and institutions whose auditors are legally or administrative authorities required to comply with the same requirements for independence as the listings).
The IESBA splits the conditions for freedom into two regions. Section 290 offers the toughest prohibitions and includes accounting reports and audits. Section 291 generally provides less stringent requirements of freedom for all other insurance obligations. The AICPA does not change the principles of equality.
Answer:
1.
c. Many
d. Differential
c. Monopolistic Competition
2
b. Few
c. Identical
a. Oligopoly
3
a. One
a. Unique
d. Monopoly
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms.
An example of a monopoly is a utility company
It is only the drug company that is permitted to sell the drug. So, it is the only firm in the industry. Also, it is the only firm that offers experimental AIDS drug, so its product is unique.
An Oligopoly is when there are few large firms operating in an industry. In the cab industry, it is a duopoly that exists. This is a type of oligopoly where there are only two firms in the industry. Consumers do not care about the cabs they enter or the different services offered by the companies, so, the product is identical
A company made a profit of $25,000 over a period of 5 years on an initial investment of $10,000. What is its annualized ROI?
Answer: Out of all the options shown above the one that best represents the annualized ROI is answer choice C) 30%. To solve this you first need to determine the data that will be needed to solve it. In this case the initial investment which is 10,000, the total profit: 25,000, and finally the total number of years: 5. Then we simply use the following formula: Return on Investment = (Gain from Investment - Cost of Investment)/ cost of investment. You then multiply the result by 100% and finally divide by the number of years which in this case is 5.
I hope it helps, Regards.
Answer:
Externship
Explanation:
Externship refers to an agreement between the employer and university wherein the university imparts skills required by the employer from employees which relate to a particular job designation.
Externship enables the employees to gain a short term practical knowledge which is related to their job position. Externship, unlike internship is for a shorter duration and during such a course the volunteered employees supervise the learning process of the externs.
Such a concept is also referred to as Job shadowing.
Answer:
Option D
Explanation:
Given that she is a recent graduate, she still has school loans to pay off, and therefore, she would be cash strapped and unable to get loans from banks because she probably does not have a good credit score.
Therefore, the correct answer would be option D
