Financial Industry Regulatory Authority

There are so many definition of change management, a useful definition of change management that I choose is: “the coordination of a structured period of transition from situation A to situation B to achieve lasting change within an organization”. (BNET Business Dictionary) Basically an organization will implement change management to maximize profit, achieve their goals with various of strategies, the strategy of organization may change but the objective is firm one. Leaders play a noteworthy…

Direct Financial Interest or a material Indirect Financial Interest in the Audit Client as a trustee creates a self-interest threat. Similarly, a self-interest threat is created when (a) a partner in the Office in which the lead Engagement Partner practices in connection with the audit, (b) other partners and managerial employees who provide non-assurance services to the Audit Client, except those whose involvement is minimal, or (c) their Immediate Family members, hold a Direct Financial…

caught up in the payday loaning debt trap. For example, Faller uses his sense of authority to say that “The payday lending…

worked for much smaller companies but this was based on the number of employees. The findings showed that most SMEs opted not to contract offshore companies in outsourcing R & D due to issues of trust that ensued in the process. Whereas the great financial ability in large-scale companies gave them the ability to contract reputable companies and do the follow-ups to ensure that trust was safeguarded, SMEs were in fact unable. Owners of the small-scale businesses are concerned about disclosure of…

Its territory encompasses roughly 357,000 square kilometers. It stretches from the North Sea and the Baltic Sea in the north to the Alps in the south. Some of the largest European rivers – the Rhine, the Danube and the Elbe – flow through Germany. German landscapes are extraordinarily varied and attractive: low and high mountain ranges, extensive lake lands, forests and roughly 2,390 kilometers of coastline. Society: Lively Diversity Germany has 82 million inhabitants. They include roughly 15…

Because SZLN had raised approximately US$90 million equity funds in late 2006 and had accumulated profits in 2006 and 2007, its liabilities–assets ratio had decreased from approximately 70 per cent to 50 per cent over the 2006-2007 period. This financial slack provided the company with a degree of flexibility to take on this opportunity. Nevertheless, the future cash needs of PEM would need to be considered before signing the deal. Another potential source of funds would be the issuing, again,…

insurance, and renter’s insurance. What most people do not understand is who commits insurance fraud. Insurance fraud can be committed by the claimant, the consumer, and the insurance company. What is insurance fraud though? In most cases, it is industry insiders, and loosely organized networks of bad medical professionals and attorneys who use their knowledge to ignore anti-fraud measures put in place by insurance companies (“A $30-Billion-a-Year Racket”). That’s not all who can and will…

business can be connected via video conferencing (e.g. Skype) and also mobile phones allow us to make and receive calls without necessary being at a particular place unlike during the landline days. Nevertheless some analyst argue that the scale of financial globalization is way too far, This explains why countries have the option of either leaving the exchange rate mechanisms to the market forces to decide or alternatively Governments could involve themselves in setting exchange rate…

Around 73,200 villages with a population of over 2,000 people have been identified to receive mobile-linked basic bank services by March 2012. The idea is to marry the country‘s 500-million-plus mobile phone network and basic financial services which are often not available in rural areas that have no bank branches. The National Payment Corporation of India, a not-for-profit company that provides low-cost infrastructure for providing payment services among banks, is helping formulate…

2003-02 Lead Engagement Partner Rotation for Audit Clients that are Listed Entities The Code of Ethics for Professional Accountants addresses the issue of engagement partner rotation for financial statement audit clients that are listed entities in paragraphs 290.154−290.157. The paragraphs state that in the financial statement audit of a listed entity the engagement partner should be rotated after serving in that capacity for a pre-defined period, normally no more than seven years. They also…