BMGT8112 Assignment 8

Your task is to read the FINTRAC report and prepare a comprehensive analysis of the financial transactions and sanctions evasion techniques of North Korea. Your analysis should include the following: • An explanation of the indicator’s evasion techniques deployed by North Korea to evade sanctions. • An evaluation of the effectiveness of the sanction’s regime against North Korea, with recommendations for improving it. • A critical assessment of the challenges faced by law enforcement agencies in combating North Korea's illicit financial activities.

You are required to select a well-established financial institution with a regional or international presence and assess key functions including risk management and compliance. You are to present a written report based on the following:  Risk management framework – Conduct an analysis of the risk management process/ framework implemented at the institution (including risk assessment and risk control mechanisms). You are required to report on key risks that the institution is exposed to and explain aspects of the framework, emphasizing the effectiveness of the risk management strategies used. Anti-Money Laundering and Terrorist Financing Strategies – Discuss with examples, the institution’s approaches/ strategies to combat money laundering and terrorist financing issues.  Statutory legislation and compliance - Explain the importance of financial institutions meeting regulatory requirements. Comment on specific legislation that the financial institution must be compliant with.

7 In June 2005, IESBA issued a revised Code of Ethics for Professional Accountants. What does the term IESBA stands for? a. Internal Ethics Standards Board for Auditor b. Institutional Ethics Standards Board for Auditor c. Integrity and Ethics Standards Board for Accountants d. International Ethics Standards Board for Accountants Clear my choice

DIGITAL TAX IN MALAYSIA   Starting 1 January 2020, the government began imposing a digital services tax (DST) of six per cent on foreign digital service providers (FSPs) in Malaysia. Based on the given required to produce the write up on Digital Service Tax (DST) in Malaysia. Below is the content of your write up. Step 1 1. Introduction   Step 2 2. Administration of Digital Tax - Scope of Digital Tax - Chargeable person - Taxable period - Threshold - Submission of return - Offence and penalties

DIGITAL TAX IN MALAYSIA Starting 1 January 2020, the government began imposing a digital services tax (DST) of six per cent on foreign digital service providers (FSPs) in Malaysia. Based on the given required to produce the write up on Digital Service Tax (DST) in Malaysia. Below is the content of your write up. 1. Introduction

Your Group has formed a tax advisory firm. One of your clients in considering investing in Barbados. The company has requested general tax advice in respect of the VAT regime in Barbados. Your Group is required to provide this advice. Additionally, the company has requested the high-level of all other applicable taxes in Barbados including all the matters that the investor needs to be aware of. Making the necessary assumption as appropriate.

Gadget King Corporation manufactures personal computers, tablets and mobile phones. The company began operations in 2015 and reported profits for the years 2015 through 2018. Due primarily to increased competition and price slashing in the industry, 2019’s income statement reported a loss of P15,000,000. Just before the end of the 2020 financial year, a memo from the company’s chief financial officer to Hendrick Cruz, the company controller and Nathan Santos, the company director for finance, included the following comments:   If we don’t do something about the large number of unsold computers, tablets and mobile phones already manufactured, our auditors will require us to write them off. The resulting loss for2020 will cause a violation of our debt covenants and force the company into bankruptcy. I suggest that you ship half of our inventory to Bilis Benta, Inc., in Quezon City. I know the company’s president and he will accept the merchandise and acknowledge the shipment as purchase.…

The Reserve Bank of South Africa requires you to employ a business analyst to implement a new Enterprise Resources Planning (ERP) system. What are the advantages and disadvantages of hiring a business analyst with an IT background rather than a business management background?

The board of directors of Megacorp Berhad, a public listed company comprises of executive directors as well as independent and non-executive directors. The Chief Executive Officer (CEO) is also the chairperson of the board of directors. A study shows that the lack of separation of the CEO and the chairmanship of the board of directors has led to the board being aligned to the management rather than the shareholders despite the presence of the independent non-executive directors. In addition, the study also shows that companies which have CEO duality are likely to have lower shareholder returns. The independent non-executive directors of the company subscribe to the view that directors have a legally mandated fiduciary duty to their shareholders to maximize the profit of the company. Thus, to them, ethical standards are less important than legal standards in the pursuit of making profit.   (a)  Describe the specific contributions that independent non-executive directors could make to…

Discuss the existing Anti Money Laundering Policy of BNY Mellon Bank (The Bank of New York Mellon Corporation). Identify at least three loopholes of the policy. Recommend changes to prevent especially Bitcoin and Cryptocurrency money laundering.

Walker Accounting Software is marketed to smallaccounting firms throughout the U.S. and Canada. Owner GeorgeWalker has decided to outsource the company’s help desk and isconsidering three providers: Manila Call Center (Philippines),Delhi Services (India), and Moscow Bell (Russia). The following table summarizes the data Walker has assembled. Which outsourc-ing firm has the best rating? (Higher weights imply higher impor-tance and higher ratings imply more desirable providers.) PX PROVIDER RATINGS CRITERION IMPORTANCEWEIGHT MANILA DELHI MOSCOWFlexibility 0.5 5 1 9Trustworthiness 0.1 5 5 2Price 0.2 4 3 6Delivery 0.2 5 6 6

Willow is habitually late in joining Zoom meetings for her job. Her boss and colleagues are distracted when she joins late and end up repeating information provided earlier in the meeting. Willow’s boss decides to establish a program where everyone who signs in on time for the Zoom meeting will be entered into a drawing for a $20 Starbucks gift card. A name is drawn at the end of the month (i.e., after two meetings). Willow starts joining the Zoom meetings on time. Which type of differential reinforcement is being used?   Explain how you know it is the type of DR you identified:

23 Which of the following loans are subject to the provisions of the Home Ownership and Equity Protection Act (HOEPA)? A) Construction loans B) Reverse mortgages C) Owner-occupied first mortgages D) usda rural housing service 502 direct loan program

Rule 10b-5 of the Securities Exchange Act of 1934 does which of the following? Multiple Choice O O It requires that a firm's private offerings may not exceed $5 million. It regulates the issuance of securities. It prohibits fraud associated with the purchase or sale of all securities. It requires that any issuer of securities must file a prospectus with the SEC. Total points awarded Help Exi

tittle : CURRENT ISSUES IN MANAGEMENT ACCOUNTING“SUSTAINABILITY AND THE MANAGEMENT ACCOUNTING VALUE CREATION Ethics and role of the management accountants in sustainability environment. you are required to describe use own words.  based on the given above,  you are required to explain and desribe , that you can understand overall from this Ethics and role of the management accountants in sustainability environment that related to tittle.

Queenstar Company manufactures smartphones and tablets. Its main customers are retailers who then sell to the general public. The company’s manufacturing is spread across five sits and goods are stored in its nine warehouses located across the country. You are an audit supervisor of Akof & Co and in preparation for the forthcoming audit for the year ending 30 June 20X7, you are reviewing the following notes your audit manager has provided you with in relation to the company’s internal controls. Queenstar Company has a small internal audit (IA) department. During the year, the IA started a programme of physically verifying the company’s assets and comparing the results to the non-current assets register, as this type of reconciliation had not occurred for some time. To date only 15% of assets have had their existence confirmed as IA has experienced significant staff shortages and several members of the current IA team are new to Queenstar Company. During the year, Queenstar Company…

Discuss and elaborate on the issues related to “Sustainability and the Management Accounting Value Creation” by providing SUMMARY and REVIEW of the related articles .You can ELABORATE your views with relation to the ethics and role of the Management Accountant in sustainability environment. Additional websites that you can refer to is the CIMA websites http://www.cimaglobal.com/Research--Insight

Starting 1 January 2020, the government began imposing a digital services tax (DST) of six per cent on foreign digital service providers (FSPs) in Malaysia. You are required to produce the write up on Digital Service Tax (DST) in Malaysia. Below is the content of yourwrite up. How does the digital tax will affect the sellers or service providers? Please provide explaination it clearly, genuine not googleable

In recent times, the central Bank of Ghana has embarked on re-organization of the financial sector that among others has resulted in the increase in the minimum capital requirement to ₡400million Ghana cedis. This exercise led to the revocation of licenses from some universal banks. This was followed by a full report by the Bank of Ghana (herein after called “that BOG report”) regarding their basis for the revocation of licenses. A carful review of this report reveals a number of financial reporting and corporate governance lapses. You are required to compare your understanding of the salient elements of that BOG report to the Enron Case (see excerpts below) and answer the questions that follow: Excerpts from the Enron Corporate Scandal “Enron was one of the world’s leading electricity, natural gas, pulp, paper and communications firm based in Texas. Its claimed revenue was estimated to be $101bn. However, at the end of the 2001 it was revealed that its financial condition was…

In recent times, the central Bank of Ghana has embarked on re-organization of the financial sector that among others has resulted in the increase in the minimum capital requirement to ₡400million Ghana cedis. This exercise led to the revocation of licenses from some universal banks. This was followed by a full report by the Bank of Ghana (herein after called “that BOG report”) regarding their basis for the revocation of licenses. A carful review of this report reveals a number of financial reporting and corporate governance lapses. You are required to compare your understanding of the salient elements of that BOG report to the Enron Case (see excerpts below) and answer the questions that follow: Excerpts from the Enron Corporate Scandal “Enron was one of the world’s leading electricity, natural gas, pulp, paper and communications firm based in Texas. Its claimed revenue was estimated to be $101bn. However, at the end of the 2001 it was revealed that its financial condition was…

In recent times, the central Bank of Ghana has embarked on re-organization of the financial sector that among others has resulted in the increase in the minimum capital requirement to ₡400million Ghana cedis. This exercise led to the revocation of licenses from some universal banks. This was followed by a full report by the Bank of Ghana (herein after called “that BOG report”) regarding their basis for the revocation of licenses. A carful review of this report reveals a number of financial reporting and corporate governance lapses. You are required to compare your understanding of the salient elements of that BOG report to the Enron Case (see excerpts below) and answer the questions that follow: Excerpts from the Enron Corporate Scandal “Enron was one of the world’s leading electricity, natural gas, pulp, paper and communications firm based in Texas. Its claimed revenue was estimated to be $101bn. However, at the end of the 2001 it was revealed that its financial condition was…

Dexter’s Chicken   Dexter pored over the table of data he had compiled using inputs from purchasing, internal inventory managers, accounting, and Disco (Dexter’s Chicken’s purchasing co-op and sole distributor). He hoped that he had enough information to make a well-founded decision regarding whether, and how, to invest in the product traceability initiative he and Disco had been discussing.   Dexter’s Chicken was a popular restaurant chain with about 250 stores located throughout the Southeast United States. While sales growth had been steady, Dexter (the owner of the company) was concerned about the large capital investments the company had been making in inventories to support sales growth. In addition to adding stores, Dexter’s had frequently been adding new menu items, including limited-time-offer (LTO) items as a way to attract new customers. These tactics were common in the quick service restaurant (QSR) industry, as growing competition continued to put pressure on prices and…

Read the Wall Street Journal article, "Boeing Board Accused in Lawsuit of Lax Oversight During 737 MAX Crisis." This lawsuit is a great example of "shareholder activism." Boeing's shareholders took action when they felt the management failed to maximize their long-term value, and the board of directors failed to fulfill its fiduciary obligation to protect the interests of the shareholders. Respond to the following questions based on theories and concepts in Chapter 9. Q3-1. What are the role and duties of the broad of directors in corporate governance? Assuming Boeing shareholders' complaints are true in this lawsuit, in what ways did Boeing's board fail to fulfill its fiduciary duties to the shareholders? Q3-2. Assuming the shareholders' complaints are true, what are some likely reasons that Boeing's board failed to effectively fulfill its duties? Q3-3. We learned in Chapter 9 the importance of making sure the management acts in the best interests of shareholders. After reading the…

Estimating Costs in an Uncertain Environment Many companies face increasingly unpredictable costs and revenues as the recession affects demand for products and the costs of materials and labor for these products. Revenues and costs have fluctuated significantly in recent years for such cost elements as fuel, labor, commodities (agricultural commodities, metals, etc.), interest, and rent expense, among others. Dealing with the increased fluctuations requires cost estimation methods that are more sophisticated and more frequently updated. The result is that companies are including in their cost estimation additional independent variables. Moreover, these companies are updating their estimation models more frequently. For example, Southwest Airlines updates its revenue prediction model on a daily basis. Required Consider Southwest Airlines and the following six key areas of cost for the company. Which of these costs do you think the airline must update most frequently? Flight crew. Fuel…

On March 16, 2022, the Federal Reserve released a statement that included, " the Committee decided to raise the target range for the federal funds rate to 1/4 to 1/2 percent". How can the Federal Reserve attempt to reach this target? Select all that apply   A. The Fed makes an open market purchase of bonds.   B. The Federal Reserve instructs Congress to pass legislation setting the interest rate banks can charge one another for short term loans.   C. The Federal Reserve opens more branches. The increased competition raises the interest rate.   D. The Federal Reserve increases the money supply.   E. The Fed lowers reserve requirements   F. The Federal Reserve sells bonds in the open market.   G. The Fed lowers the discount rate.