Regulation S-X Rule 4-01, Form, Order and Terminology S99-1 The following is the text of Regulation S-X Rule 4-01, Form, Order and Terminology. * (a) Financial statements should be filed in such form and order, and should use such generally accepted terminology, as will best indicate their significance and character in the light of the provisions applicable thereto. The information required with respect to any statement shall be furnished as a minimum requirement to which shall be added
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Health Care Case Study: Financial Statements Health Care Case Study: Financial Statements The paper is a health care case study on Patton-Fuller Community Hospital’s financial statements. The summary of the paper is a review on the annual report financial statements at Patton-Fuller Community Hospital. A discussion on how the audited and unedited financial statements differ. An explanation will be discussed on the financial ratios for the hospital improving. The relationship between revenue sources
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opinion for the organization’s financial report. What precisely can an auditor ascertain from the examination of an organization’s financial report, and what can the audit provide? According to Merriam-Webster, 2014 an audit is a stylized scrutinization and verification of an organization’s or individual’s financial reports or financial position. This procedure is deemed crucial for the verification of the exactness of an organization’s financial reports. Based on information provided by
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ACCG 224 Report: Fairfax Media Limited 28th April 2014 (4pm) Juhi Agarwal Student Number: 42462843 Tutorial Class: Thomas Kern – Thursday 5pm-7pm Word Count: 2183 Contents: Executive Summary………………………………………………………………………….3 1. Introduction………………………………………………………………………………..3 2. Body……………………………………………………………………………………..…... 2.1 – A – Objective of GPFR and qualitative characteristics..……………….…….3, 4 2.2 – B – Disclosure requirements for PPE as per AASB116…...…………………….5
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SOX, companies are held accountable if they fail to maintain the requirements that were set forth in the act. The act requires companies to maintain satisfactory internal control measures, provide responsible financial reports, disclose periodic reports, and establish rules for annual reporting. (Hazels, 2010) These requirements are all part of the Generally Accepted Accounting Principles (GAAP). Corporations and accounting firms should have already been practicing these principles to uphold ethical
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accounting policies and other explanatory information. Objective, scope and limitations Our statutory function as auditor of Bank of America is to report to the shareholders by expressing an opinion on Bank of America annual financial statements. We will conduct the audit in accordance with Canadian generally accepted auditing standards and will issue an audit report. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether
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The figures for goodwill in the year 2012 stands at $16,097 million. To my opinion, this figure is overvalued. The amount is very high and, therefore, questionable. Reference Zunker, T. (2013). Attaining Legitimacy by Employee Information in Annual
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Clear policies required on: 1. Which customers should receive credit? A- 5C’S-useful checklist • CAPITAL: the customer must appear to be financially sound before any credit is extended. If the customer is a business, its financial statement should be examined. Particular regards should be given to the customer’s likely future profitability and liquidity. • CAPACITY: the customer must appear to have the capacity to pay for the goods acquired on credit. The payment record of the customer
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The city of Louisville-Jefferson County Metro Government, Kentucky’s fiscal year ended June 30, 2008. This is the sixth annual report issued for the consolidated government since the merger of the City of Louisville and Jefferson County governments on January 6, 2003. An elected Mayor governs the Metro Government and the Metro Council composed of twenty-six council members elected from each of the twenty-six council districts. All executive and administrative power of the consolidated local government
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member of company's board of directors. As the COO of the company, his responsibilities were to ensure that business operations are efficient and effective and that the proper management resources, distribution of goods and services to customers, and analysis of systems are conducted. Anderson later became the president and CEO of F&C international, Inc. As a COO, Fletcher Anderson had interaction with F&C`s independent auditors. He and controller supposed to provide all the documents and answer all
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