The AICPA is required to adopt ethics standards that are at least as restrictive as the IESBA rules , The Last Statement describes how the International Ethics Standards Board for Accountants' (IESBA) Code impacts the U.S. accounting profession
Explanation:
In February 2017, the AICPA Executive board on Professional Ethics decided to suggest changes to the system of professional conduct requiring certain measures when members are aware of non-compliance with legislation or regulations related to their involvement or employment.
IESBA also created a structure for accountants to follow the IESBA Professional Accountants ' Code of Ethics–in particular the problem of the tension between sharing non-compatibility with appropriate people and keeping client or contractor knowledge confidential— while hearing of unlawful acts under the new standard. The application of this code has been called NOCLAR. The recommendation from the AICPA is largely in line with the IESBA system, but significant differences do remain.
Answer:
$3,240
Explanation:
Calculation for the annual tax liability on the property
Using this formula
Annual tax liability= (Tax rate× Real property )
Where= Tax rate =18 million
Real property=180,000
Let plug in the formula
Annual tax liability=( .018x180000)
Annual tax liability=$3,240
Therefore the annual tax liability on the property is $3,240
Answer:
Audit committee.
Explanation:
correct option is c: audit committee.
Sarbanes-Oxley Act of 2002, order that every public-funded company to have one audit committee that must be independent of the company. It works as independently to find out about any foul practice that maybe happened in the organization.
The audit committee has the authority to make an appointment, oversight of work of the company.
Answer:
Hello the options in regards to your question is missing attached below is the complete question
Answer : Private enterprise's investments are in assets that are meant to increase production, which are going to earn revenues and pay for themselves. Thus, private enterprise's spending is unambiguously going towards investments. It is very difficult to determine when the federal government's spending is an investment. ( B )
Explanation:
The federal government's investments are not discussed in relation to a capital budget and recorded as an asset because It is very difficult to determine when the federal government's spending is an investment, because Federal Government is not actually designed to operate as a business entity
Answer and Explanation:
The adjusting entry is as follows:
Supplies expense ($1,823 + $4,344 - $286) $5,881
To supplies payable $5,881
(being the supplies expense is recorded)
Here the supplies expense is debited as it increased the expense and supply payable is credited as it also increased the liabilities
