The role of the IPSASB includes: Select one alternative: O Developing international public sector financial reporting standards. Developing for-profit sector financial reporting standards. O Policing organisations in New Zealand to ensure they have complied with their standards. O Policing the XRB to ensure they have adopted the same standards.
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- The government of Ghana through a successful execution of the Public financial management project is seeking to develop and implement fully the Ghana Integrated financial Management information system (GIFMIS) using the oracle E- Bbusiness suite financial software Required :Describe the the nature ,scope and objectives of GIFMIS 2.Explain the role and responsibilities of parliament under the ACT.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)Please outline key financial controls for an NGO and why they are important
- The OECD an intergovernmental organization has promoted more responsible business conduct through various Codes of Conduct. Briefly mention one exampleGlobalization demands a single set of high-quality international accounting standards. Some elements: Select one: O a. Single set of high-quality accounting standards established by a single standard-setting body. O b. All the above O. Common disclosures. O d. Consistency in application and interpretation. e. Common high-quality auditing standards and practices.Share your views on how auditing as a function can improve sustainable business practices, including ethical conduct. In your discussion, highlight the state of audit practices in Ghana vis-a-vis sustainable business practices and ethical conduct and suggest a conceptual framework of how the existing legal regime can interact with auditing to achieve the United Nation SDG goals. (2500 words needed).
- 15. Which of the following is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession? a. FASB b. CMA c. CIMA d. IFACThe proposed adaptation of prudential regulations known as Basel 3 proposes : a. to increase the quality of instruments eligible for capitalb. to introduce a leverage ratio complementary to the risk-adjusted solvency ratioc. to facilitate the exchange of information between national supervisors d. a and bAddress 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.
- 1.Outline and differentiate the various definitions of international accounting? 2.Explain the environmental factors that lead to national differences in accounting? 3.What are the two main legal systems operating worldwide? How might these affect accounting? 4.Countries that rely on capital markets for finance, as opposed to banks and governments, are likely to expect greater levels of public disclosure in their accounting systems. Evaluate this argument and provide examples.Discuss the strengths and weaknesses of the Financial Markets Authority (New Zealand) governance guidelines2.Explain the environmental factors that lead to national differences in accounting. 3.What are the two main legal systems operating worldwide? How might these affect accounting? Countries that rely on capital markets for finance, as opposed to banks and governments, are likely to expect greater levels of public disclosure in their accounting systems. Evaluate this argument and provide examples. 5.Outline and discuss three cultural aspects that can differ across countries. How do these cultural differences relate to differences in accounting systems? 6.What does accounting harmonisation mean? Differentiate harmonisation from convergence or adoption. 7.Explain the benefits of global adoption of IFRSs. 8. Outline the key challenges of US GAAP and IFRS convergence.