1500 words 2) Share your views on how auditing as afunction can improve sustainable businesspractices, including ethical conduct. In yourdiscussion, highlight the state of auditpractices in Ghana vis-à-vis sustainablebusiness practices and ethical conduct andsuggest a conceptual framework of how theexisting legal regime can interact withauditing to achieve the United Nations SDGgoals.

The auditor verifies that all assertions in the company's financial statements are correct and true.…

Answered: Share your views on how auditing as a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Address the current roadmap towards the convergence of one agreed upon global accounting standard. Identify specific reporting differences between the standards. Identify which resource best meets the goals of reporting companies in a given country. Also identify which standard provides the most useful information to decision makers. Frame your conversation this module around the Saint Leo core values of responsible stewardship and integrity.
An integrated report is intended to be more than a summary of information in other communications (e.g. financial statements, a sustainability report, analyst calls, or on a website); rather, it makes explicit the connectivity of information to communicate how value is created, preserved or eroded over time. Which is NOT correct? 1. Integrated reporting can be included as part of existing compliant statements? 2. Integrated reporting can be adopted by public companies and non-profit organsiations (NGO’s)? 3. Integrated reporting is only beneficial to the providers of capital? 4. Integrated reporting address the key concepts of an organization?
Advise Flyers plc’s senior executive team on the commentsmade by Changying Simmonds and Travis van Riemsdyk. Youradvice should include an explanation of the characteristics ofinvestment appraisal decisions and the advantages anddisadvantages of the IRR.
What are some exaples of certifications, on ethical standards, do international organizations give to companies?
Apply your critical-thinking ability to the knowledge you’ve gained. These cases will provide you an opportunity todevelop your research, analysis, judgment, and communication skills. You also will work with other students, integratewhat you’ve learned, apply it in real-world situations, and consider its global and ethical ramifications. This practice willbroaden your knowledge and further develop your decision-making abilities.The financial community in the United States has become increasingly concerned with the quality of reportedcompany earnings.Required:1. Define the term earnings quality
Which of the following is an international organization that develops and encourages the use of sustainability reporting standards? a. Global Reporting Initiative b. Financial Accounting Standards Board (FASB) c. United Nations d. International Accounting Standards Board (IASB)
The OECD an intergovernmental organization has promoted more responsible business conduct through various Codes of Conduct. Briefly mention one example
When an MFI transforms, it must take a more sophisticated approach to pricing its products and services than it took as a credit-focused NGO or project. Clearly explain how the MFI considers cost, competition and profitability targets when they are pricing their products
The regulatory body responsible for serving the public interest by strengthening the profession and contributing to the development of strong international economies. SEC O IASB O IAASB O AICPA
Answer the following question, giving detailed examples to justify your answer;- Based on the book in the link below and other accounting materials, please identify and discuss the major challenges and opportunities associated with international accounting standards convergence. Analyse the implications of differences in accounting practices across countries and propose strategies for addressing these challenges. Here is the book, page 246 chapter 13 Global Convergence of Accounting Standards. http://ndl.ethernet.edu.et/bitstream/123456789/22231/1/56.pdf.pdf#page=269
Accounting Standards and Global Unificationwe will explore the significance of accounting standards for businesses and examine the potential for global unification of accounting systems. Accounting standards are essential for ensuring consistency, transparency, and trust in financial reporting. We will discuss the benefits and challenges associated with achieving a unified accounting system worldwide, considering factors such as legal, cultural, and economic differences among countries. After reading and studying the module resources and presentations, discuss the following: Why are accounting standards important for business? Will it ever be possible to unify the accounting system in the world?
What mechanism is used to provide a systematic assessment of an organization's performance in implementing socially responsible programs, often based on predefined goals? Question 34 options: sustainability program code of ethics financial audit social audit

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