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2 years ago

Compliance is the responsibility of the Compliance Officer, Compliance Committee, and Upper Management only.

1 answer:

6 0

Compliance is not the sole responsibility of compliance officer or the upper management or the compliance committee. Compliance is the responsibility of all individuals of the company.

<h3>What is Compliance?</h3>

Compliance is the act of ensuring that all the protocols mentioned in the policy are followed effectively, all the controls are in process and in working condition with complete effectiveness.

It is the duty of all the individuals to comply with the policies and ensure that the procedures are performed as per the standard operating guidelines. The compliance is not only the duty for the compliance individuals.

It is duty for all the individuals however those charged with governance are more likely to take actions against any procedure failure, but if there is any mishap and if there is a miss in the procedures being not correctly performed, it should be reported.

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Valuing assets at their fair value rather than at their cost is inconsistent with the: periodicity assumption. full disclosure p

PolarNik [594]

Answer:

Historical cost principle.

Explanation:

Valuing assets is described as determining the fair value in market and also asset valuation which its inclusion are are bonds, stocks, property etc. And in above question it is known that cost is inconsistent with historical cost principle. Historical cost principle in the other hand is described as recording of assets when they are been purchased at it historical cost. It is also a bookkeeping basic principle. This has several tools that it works with which include cost, market value etc.

This here explains to us that every business has a cost that drives on and a market value which it is driven on.

7 0

3 years ago

When Tim earned $65,000 he purchased 10 novels a year. His income has just increased to $68,000 and he plans to purchase 15 no

trasher [3.6K]

Answer:

8.88

Explanation:

Data provided in the question:

Initial income, I₁ = $65,000

Initial novel purchased, D₁ = 10

Final income, I₂ = $68,000

Final novel purchased, D₂ = 15

Now,

Tim's income elasticity of demand for novels will be

= $\frac{(\frac{D_2-D_1}{D_1+D_2})}{(\frac{I_2-I_1}{I_1+I_2})}$

on substituting the respective values, we get

= $\frac{(\frac{15-10}{10+15})}{(\frac{68,000-65,000}{65,000+68,000})}$

= [5 ÷ 25] ÷ [3,000 ÷ 133,000 ]

= 0.2 ÷ 0.0225

= 8.88

5 0

4 years ago

The ____ is an email address used to send messages for distribution to list subscribers.

Serjik [45]

The list address is an email address used to send messages for distribution to list subscribers.

5 0

3 years ago

Russell Co. received a $520 utility bill for the current month's electricity. It is not due until the end of the next month whic

nekit [7.7K]

Answer:

Journal Entry to reflect the event is as follow;

Dr. Cr.

Utility Expense $520

Utility bill payable $520

Explanation:

Utility bill is received it means the expense is accrued and it is not due until the month end so a liability will be created and will be paid next month.

5 0

4 years ago

To effectively run her company, Machi applies the ________, a management style the views her firm as an interdependent collectio

Schach [20]

To effectively run her company, Machi applies the Systems viewpoint a management style the views her firm as an interdependent collection of departments.

<h3>What is Systems viewpoint management style?</h3>

Systems viewpoint serves as style of management that help the workers to view the organization as a system that is interconnected which gives them the view that they should work with the management to achieve the goal of the organization.

Therefore ,Systems viewpoint serves as style of management that help the workers to view the organization as a system that is interconnected .

learn more about Systems viewpoint management style at:brainly.com/question/27778740

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4 0

2 years ago