Both codes incorporate the conceptual framework approach for evaluating threats when specific rules on a matter do not exist.
Explanation:
IFAC has enacted a Code of Ethics for Professional Accountants (IESBA Code), the International Ethics Standards Committee for Competent. The latest IESBA Code edition was upgraded and modified in July 2009 and comes into force on 1 January 2011. The adjustments clarified and considerably strengthened the independence specifications for all competent accountants.
IESBA and AICPA are more comparable than they are, but there are substantial differences. In many instances it will produce similar effects if codes are added to the same pattern of truth.
The IESBA Code deals with a number of possible independence issues which are covered by the AICPA Conceptual Structure but not AICPA. Examples include the Long Senior Human Resources Group (including Team Rotation).
Certain independence restrictions are enforced by the IESBA Code representing the "extent of public interest in certain companies" (i.e. entities listed on an accepted stock exchange for whose shares are listed), and institutions whose auditors are legally or administrative authorities required to comply with the same requirements for independence as the listings).
The IESBA splits the conditions for freedom into two regions. Section 290 offers the toughest prohibitions and includes accounting reports and audits. Section 291 generally provides less stringent requirements of freedom for all other insurance obligations. The AICPA does not change the principles of equality.
Answer: $64.76
Explanation:
The current share price in this case will be the present value of the dividends,
As the dividends are constant, they can be treated as annuities.
Present value of annuity = Annuity * ( 1 - (1 + rate)^-number of periods) / rate
= 9.45 * ( 1 - (1 + 10.7%)⁻¹³) / 10.7%
= 9.45 * 6.8529386295
= $64.76
Answer: confidentiality agreement (CA)
Whole-life insurance has a cash value for the insured person if he decides to stop paying premiums and cash the policy in. This statement is a fact (true).
If the insured person gives up his policy he will receive the cash value not the face amount. If he dies, his beneficiaries will receive the face amount.
Answer:
c. machine hours
Explanation:
In the case of the highly automated settings, the activity base that is used is machine hours due to which we can able to find out the factory overhead
The machine hours are the hours that are engaged while operating in a machine. It is to be used to allocate the factory overhead based on the machine hours due to which we can easily find out the total manufacturing cost
