An internal self-reflection on an event is the best answer
Answer:
Independence
Explanation:
AICPA actually groups two rules together- Objectivity and Independence.
While it is very possible for both internal and external accountants to be Objective (impartiality and intellectually honest). Only an external accountant can be truly independent especially when p<u>roviding auditing and other attestation services.</u> These services are primarily performed to obtain an independent report or view of the financial state of an organisation.
Actually, it is clearly stated in the AICPA code of professional conduct that members or accountants not in public practice (internal accountants) cannot maintain an appearance of independence.
Every organisation's internal accountant is primarily responsible to the Board of Directors and Management of such an organisation.
Businesses can have many different types of funding, some are bank loans, from crowdfunding (fundraising), families and relatives, or from stocks (investing and selling). Some of the more complex types of funding include having angel investors and venture capitalists.
Answer:
I do not agree that "the needs of a society conflict with the goals of the financial services industry's desire to make a profit", but on the contrary, I consider that the economic objectives of the financial system contribute to the well-being of the individuals that make up society, with which they satisfy the needs of this in an indirect way.
I believe this because the financial system, through its will to profit, creates jobs and economic opportunities for individuals, who would otherwise be forced to meet their needs without the help of a system designed to profit as a result of work done (such as communism).
Answer:
Diluted EPS 1.92
Explanation:
Ahnberg Corporation
1
Net income 2,806,000
Less: Preferred Dividends 216,000
Net income for Common Stockholders 2,590,000
Divide by Common shares outstanding 740,000
Basic EPS 3.5
2
Net income 2,806,000
Divide by Common shares deemed outstanding 1,460,000
(740,000+720,000)
Diluted EPS 1.92
Therefore Ahnberg's basic and diluted earnings per share for the year will be 1.92