0
What are some consequences to businesses of not following accepted standards?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Where can payday loans be accepted?
Payday loans are accepted at a number of popular businesses and retail stores across America.
Are Discover cards accepted at most businesses?
Yes, Discover cards are used in most businesses and all over the world. I, myself, have one and use it in many countries. It is easy to get one and they are very reliable.
What is International standard banking practice?
An international standard banking practice is one that is accepted among various nations. Failing to meet these standards may require that the business pay fines.
What are Chase cards used for?
Chase is a major US bank that offers both credit and debit cards to consumers and businesses. These credit cards are accepted at merchants all over the world.
What is a delay of recognition of an expense already paid or of a revenue already received is?
Delay of recognition is an accounting term that refers to the practice of delaying the reporting of an expense or revenue until a later reporting period. The accounting industry has developed certain standard and acceptable accounting practices that businesses should follow. Under an audit, the accountant can determine whether the company is following the standards, or is using misleading accounting practices, in violation of the standards. According to an alert issued by the AICPA, (American Institute of Certified Public Accountants) "A substantial portion of litigation against accounting firms and a number of SEC Accounting and Auditing Enforcement Releases involve revenue recognition issues. Many of these issues result from alleged improper accounting treatment of sales recorded in the ordinary course of a client's business. Such improper accounting treatment ranges from allegedly stretching the accounting rules to falsifying sales in an effort to manage earnings." While there can be an accepted use of this practice, the manager has to be very careful to follow the proper standards when he decides when to use the delay method.
What documentation is not required for an audit in accordance with generally accepted auditing standards?
Which of the following documentation is not required for an
What are the colors of a rottwieler?
The standard accepted colors for the American Kennel Club standards are the following. Black and reddish tan with black predominating.
Distinguish between generally accepted auditing standard and generally accepted accounting principle?
general standards field work of standards reporting standards
Which one of the following organizations tests electrical equipment for compliance with accepted standards?
Underwriters Laboratories and perhaps Consumer's Reports.
What are the most common accounting standards?
The most common accounting standards are the ones that one can find in the Generally Accepted Accounting Principles (GAAP), those are a group of accounting standards very common and widely accepted.
What major credit cards are usually accepted by businesses?
Major credit cards usually accepted by most businesses are MasterCard, Visa and Discover. American Express credit cards are not always accepted at all business locations.
Where can payday loans be accepted?
Payday loans are accepted at a number of popular businesses and retail stores across America.
What is business norms?
Business standards, rules, and objectives commonly accepted.
What is credentailing?
an objective evaluation of a persons qulifications to meet nationally accepted standards
What is nonconforming behavior?
Actions or activities that deviate from the accepted standards and mores of a society.
Who formulated the General accepted accounting principles?
Financial Accounting Standards Board
How can you show that you have accepted Jesus invitation to follow him?
you show that you have accepted JESUS by following HIM....................
