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Who examines a business's financial records to ensure accuracy and reliability?
It is the prime responsibilty of the interal auditors to ensure the accuracy and reliability of financial records while external auditors make sure that financial statments depicts true and fair activities of business.
Why does a business need to be consistent in the fiscal period it uses for its financial reports?
A business needs to be consistent in the fiscal period it uses for financial reports for purposes of comparison and accuracy. If the fiscal period changes, then it is difficult to compare the business's performance across different periods.
What is operational audit?
Process to determine ways to improve production. Contrast with external-audit, which relates to financial statements.Operational audit focuses on managerial effectiveness rather than accuracy of financial reports.
Does eTrade Financial give accurate information?
"According to most people, eTrade Financial does give accurate information. However, it is best to cross reference other sources to ensure accuracy."
What are financial reports that summarize the financial condition and operations of a business?
Financial statements are financial reports which summarize the financial condition and operations of a business. Included in a financial statement are a balance sheet, income statement, and also a cash flow statement.
Who examines a business's financial records to ensure accuracy and reliability?
It is the prime responsibilty of the interal auditors to ensure the accuracy and reliability of financial records while external auditors make sure that financial statments depicts true and fair activities of business.
Why does a business need to be consistent in the fiscal period it uses for its financial reports?
A business needs to be consistent in the fiscal period it uses for financial reports for purposes of comparison and accuracy. If the fiscal period changes, then it is difficult to compare the business's performance across different periods.
What is operational audit?
Process to determine ways to improve production. Contrast with external-audit, which relates to financial statements.Operational audit focuses on managerial effectiveness rather than accuracy of financial reports.
Does eTrade Financial give accurate information?
"According to most people, eTrade Financial does give accurate information. However, it is best to cross reference other sources to ensure accuracy."
What is concurrent audit?
Concurrent audit is a systematic and timely examination of financial trascation on a regular basis to ensure accuracy, compliance with procedure and guidelines.
What is the requires accuracy and privacy of information contained in credit reports?
Credit reports must be accurate to ensure that individuals are not unfairly denied credit or charged higher interest rates. Privacy of information contained in credit reports is crucial to protect individuals from identity theft and unauthorized access to their financial information. Proper accuracy and privacy safeguards are necessary to maintain the integrity of the credit reporting system.
What does a student council auditor do?
A student council auditor is responsible for ensuring the accuracy and transparency of the council's financial records and processes. They may oversee budgeting, financial reporting, and ensure adherence to financial policies and procedures. In essence, they provide oversight to ensure that the student council's funds are managed properly and ethically.
What is the difference between general purpose financial reports and special purpose financial reports?
General purpose financial reports are a common set of reports issued by most companies. Special purpose financial reports are specific reports related to individual events.
What is the Financial reports of San Miguel corporation?
What is the Financial reports of San Miguel corporation?
What does it mean information reporting?
Information reporting refers to the process of reporting financial or non-financial information to regulatory authorities, tax agencies, or other relevant parties. This helps ensure transparency, compliance with regulations, and accuracy in reporting financial transactions.
Who governs the accuracy of weather reports?
The accuracy of weather reports is governed by different authorities around the world. In the UK they are governed by the MET office who provide the necessary information to the various weather reports for TV stations.
What standards are required for international financial reports?
International Financial reports are expected to be simple and easy to translate. One thing to note is that most countries have different currency. This means that to ensure quick and easy processing of the report, a key with the currency translation equation for that country should be included as a note on the report.
