ACC 622-Assignment #1 On January 17th,2012, the Certified Management Accountants of Canada (CMA Canada), the Canadian Institute of Chartered Accountants (CICA) and the Certified General Accountants of Canada (CGA-Canada) presented members with a framework to unify the Canadian accounting profession. Within this framework this new profession would adopt the Canadian designation Chartered Professional Accountant (CPA). All current members would be required to use it in conjunction with their existing
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Contents 1. INTRODUCTION..................................................................................................................... 2 1.1 Luca Pacioli: Father Of Modern Accounting ...................................................................................... 2 1.2 19th Century – The Beginnings of Modern Accounting in Europe and America ............................... 3 1.3 20th Century – The Development of Modern Accounting Standards.........................................
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responsible for establishing and interpreting the accounting standards and practices that are known as the Generally Accepted Accounting Principles (GAAP). The American Institute of Certified Public Accountants (AICPA) is a regulatory body that develops standards for auditing and other services performed by certified public accountants. The Governmental Accounting Standards Board (GASB) is the entity which is responsible for setting the generally acceptable accounting principles used by state and local governments
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These different gatherings have leaded the accountant to take after a few codes of ethics to play out their obligations in an expert workplace. Accountants must take after the code of ethics to set out by the expert assemblage of which they are a part. U.S. accounting societies for example, the Association of Government Accountants, Institute of Internal Auditors, and the National Association of Accountants all have codes of ethics, and numerous accountants are individuals from at least one of these
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Dhaka-1212, Bangladesh. ICAB The Institute of Chartered Accountants of Bangladesh (ICAB) is the national professional accountancy body in Bangladesh. It is the sole organization in Bangladesh with the right to award the Chartered Accountant designation. It has around 1,400 members. The Institute of Chartered Accountants of Bangladesh (ICAB) is the National Professional Accounting Body of Bangladesh established under the Bangladesh Chartered Accountants Order 1973 (Presidential Order No. 2 of 1973). Top
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Chapter 14 Accounting and Financial Statements True / False Questions 1. (p. 425) Only large businesses use the financial information compiled by accountants. FALSE AACSB: Reflective Thinking Bloom's Taxonomy: Knowledge Difficulty: Easy Learning Objective: 1 2. (p. 425) Accounting is the recording, measurement, and interpretation of financial information. TRUE AACSB: Reflective Thinking Bloom's Taxonomy: Knowledge Difficulty: Easy Learning Objective: 1
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which are beyond the auditor’s control. Audits are done as a persuasive more so than a conclusive tool for shareholders. Independence is required for an audit as it adds overall value to the evaluation. The value of independence conducted by a certified professional accounting firm includes proximity, flexibility, compliance, collective interest of the industry, and general access to resources. 1) Proximity – audit independence allows the company to choose a professional accounting firm that
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Running head: RECOMMENDATION BRIEF FOR AN INTERNAL ACCOUNTANT Recommendation Brief for an Internal Accountant Claudia I. Hernandez University of Phoenix Recommendation Brief for an Internal Accountant When a company is experiencing difficulty controlling their accounting functions, hiring an internal auditor will alleviate some of the problems. Internal auditing helps companies to look at ways to improve and achieve short-term and long-term objectives. Internal auditors are hired to perform
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forces in the degree of intention of using the Taxation Department web site expressed by certified accountants. Design/methodology/approach – Drawing on a quantitative methodological approach, a survey was undertaken among a sample of 351 certified accountants to empirically test the proposed model. The paper used an ordered logit model to estimate the effects of several online service quality factors on the certified accountant’s degree of intention of using the Portuguese government’s tax services web
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(GAAP), and negative and positive effects on accountants. From the GAAP perspective, the accounting principles seem to lose supremacy in the world due to the upcoming international rules for financial accounting (Cline 2010). According to management accounting, globalization seems to impose businesses to look deep into the compliance of standards. With regard to threats and opportunities resulting from globalization, the study focuses on what accountants can do to better themselves in accordance to
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