Financial District

In 2-3 pages of closely reasoned text, explain why you wrote the CPA Oath as you did. How does your Oath answer to the needs of the profession? The Certified Public Accountant (CPA) is a financial profession which serves to a wide range of client base and provides a variety of services to businesses. Predominantly, CPAs have a fiduciary duty towards the public as the sole reason behind the origination of CPA profession was to provide the investors…

The auditor’s opinion helps to determine the true and fair financial position and operating results of an enterprise and that enhances the transparency in the company. This is considered as most recognised as well as expected role of the auditors, and mandated so by the corporate laws of most countries of the world…

The Chief Audit Executive can bridge the gap and provide enhanced value to stakeholders is by developing the audit universe, which is generated through consultation with senior management and other stakeholders. Therefore, the Chief Audit Executive can begin to bridge the gap and include the stakeholders in the process of what needs to be audited by incorporating issues identified through an enterprise-wide risk assessment or enterprise risk management program. For this reason, ERM allows the…

What does risk and return mean to the average investor? In order to answer this question, investors must first look to themselves to determine the correct steps to take. One cannot call him or herself an investor without first measuring their risk tolerance as well as risk capacity. Risk tolerance represents how much a client is willing to withstand swings in the value of held assets as well as changes in general market conditions. One of the most common ways of measuring one’s risk tolerance is…

that designs, manufactures, and sells its mobile technology devices. Since it is a multinational firm, the company experiences massive cash flow that requires a keen management and bookkeeping ensuring that no misstatements are one in any of its financial statement accounts (Apple Inc., 2016). At Apple, the main strategies involve designing, manufacturing, and marketing of media devices and mobile communication, portable digital music players, and personal computers. Apple’s business model also…

Background The federal government’s role in regulation is to protect consumers and the market. There is an ongoing debate on whether the federal government should regulate the insurance industry due to the bailouts stemming from the financial crisis of 2008. Currently, state governments regulate the insurance industry. Proponents of federal regulation argue that states are inefficient in the duty of insurance regulation. Additionally, the federal government has economies of scale and may offer…

and outgoing cash flows. Since RICB borrow funds from the other financial institutions and competes in the same lending market, the unwillingness from the banks to lend to RICB is affecting the funding sources. RICBL also faces problem in Non-repayment of loans by the loan clients affects the cash flow in terms of further lending and a regulatory restriction in terms of issuing different policies, as RICB is a non-banking financial institution. Therefore Finance Department in RICBL helps to…

If a member of the audit team has a material financial interest in an entity and an audit client also has a financial interest which can exercise significant influence in that entity, then as per APES 110.290.112, a self-interest threat may be created. Here, the managed investment fund (financial interest) purchased by Stephanie McMahon (a member of the Audit Team) are also held by Nutrition Ltd (audit client) and was…

The first problem is the workforce of the future as the bank dealing with the change and millennial challenge. The advances in technology and stiffer banking regulation has led to increase transparency. Banks are now looking for new ways to deliver value to clients and create a new competitive edge. The nature of the work of the bank is changing in the search for differentiation and drive to digitize the industry’s value chain, along with the skills required to deliver those services. As the…

powerful tools of the financial analysis. this is used to a device to analyze and interpret the financial health of enterprise. Ratio analysis is stands for the process of determining and presenting the relationship of items and groups of items in the financial statements. It is an important tool of the financial analysis. The main following are the points of importance of ratio analysis: a) Managerial uses of ratio analysis:-  Helps in decision making:-  Helps in financial forecasting and…