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Is there a need to regulate the financial services in India What are the different types of regulations relevant to these services Describe the regulatory framework governing this sector in India?
Wiki User
∙ 14y ago
Financial services in India are services provided to customers related to accounting outsourcing, financial outsourcing an example of such a company is Castleton based it can be contacted at http://www.bookkeepingaccounting.co.uk/ for outsourcing services
Wiki User
∙ 14y ago
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Why is a regulatory framework necessary?
Regulatory framework is necessary for the preparation of Financial statements. - Financial statements are used by investors, lenders and customers (to name but few) and must be helpful for those stakeholders for making decisions. - Statements should be comparable and provide basic information.
What is the meaning of statutory and regulatory framework for financial accounting?
Statutory means it is required by Law. Regulatory means it is required my regulatory bodies such as the FSA in Great Britain and Northern Ireland.
Explain why a regulatory framework is necessary?
Regulatory framework is necessary for the preparation of Financial statements. - Financial statements are used by investors, lenders and customers (to name but few) and must be helpful for those stakeholders for making decisions. - Statements should be comparable and provide basic information.
What is the goal if IT Financial Management?
The goal of IT Financial Management is to ensure that optimal use is made of the organization's financial resources and that this is achieved in compliance with the regulatory framework within which the IT service provider operates.
What is the impact of legal and regulatory framework on hrm?
The impact of the legal and regulatory framework on HRM helps both the employer and employee understand the effects of employment law. The framework also helps in the implementation of the human resources policies
What is the accounting framework and why does it exist?
limits the different and diversity between the financial statements of entities.
What impact is the legal and regulatory framework having on human resource management?
nothing
What is an institutional framework?
Institutional framework is a concept used to refer to the policy and regulatory elements affecting energy developments. In the wind energy context, this would include issues such as political commitment, financial incentives, planning systems, presence and roles of landscape protection organizations, and patterns of local ownership.
What is the deciding financial policy?
The deciding financial policy refers to the framework or set of principles that guide an organization's financial decision-making process. It typically includes guidelines on budgeting, investing, borrowing, and overall financial management to ensure the organization's financial stability and success. The policy is designed to align with the organization's goals and objectives while adhering to regulatory requirements and best practices in financial management.
The risks which the bank faces and the regulatory framework that is in place for minmizing these risks?
being robed bypeolpe
The statutory and regulatory framework for accounting profession of Nigeria?
Regulation of accounting information is aimed at ensuring that users of financial statements receive a minimum amount of information that will enable them take meaningful decisions regarding their interest in a reporting entity. The bodies responsible for these regulations are often statutory agencies such as the Accounting Standards Board, Securities and Exchange Commission and the Stock Exchange. The bulk of this framework is usually contained in Accounting Standards. The Nigerian Accounting Standards Board is the body responsible for the issuance of Accounting Standards in Nigeria. This Board was initially an advisory body responsible for the production of standards that will serve as a guide to Accountants in the preparation of financial statements.
What are the barriers to international harmonisation of financal reporting standards?
There are several barriers to the harmonization of international financial reporting standards. Among the barriers are; 1. Culture 2. Business process 3. Legal framework 4. Investors perception about foreign transfer of financial regulations 5. Inappropriate theoretical framework for integration and convergence 6. poor enforcement and compliance. etc Jude E. E.
