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Why is it important for accounting firm to maintain their independence in fact and in appearance?
Wiki User
∙ 11y ago
Because the accounting firm has to keep their professionalism in their work and image as the most highly trusted and reliable entity to gain 100% trust in the economy. This is important and must be seen independence as well.
Wiki User
∙ 11y ago
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Most important achievements of a chief Accountant?
Maintain system of accounts
Accounting and its functional objectives?
There are many objectives to accounting. A systematic accounting system will should have the following objectives: to maintain cash account balances, to detect fraud, and maintain ledger account balances.
What do accounting clerks do?
The key task of accounting-related clerks is to maintain financial records.
How accounting standard maintain all over the world?
When it comes to business, there is a common global language for accounting. This is known as IFRS, or the International Financial Reporting Standards.
What is accounting convection?
Accounting conventions are the rules and regulations which are required to be followed by the accountants while they maintain the accounts of transactions of companies. The accounting conventions are followed from many years back and they are changed only if the need arises. Due to the changing ways of businesses and more competitive environment, the accounting conventions can be changed slightly for increasing the efficiency of the accounting practices.
What is independence in fact and independence in appearance?
Independence in fact exists when the auditor is actually able to maintain an unbiased attitude throughout the audit, whereas independence in appearance is the result of others' interpretations of this independence.
How has ATM helped in Accounting system?
ATM helped in accounting system in various ways. But the most important that ATM helped to maintain the accounting records up-to-date.
Most important achievements of a chief Accountant?
Maintain system of accounts
What is an accounts office?
An accountable officer is an individual required to maintain accounting, and such records.
Accounting and its functional objectives?
There are many objectives to accounting. A systematic accounting system will should have the following objectives: to maintain cash account balances, to detect fraud, and maintain ledger account balances.
What you mean by corporate accounting?
in corporate accounting we maintain the accounts of joint stock companies
What do accounting clerks do?
The key task of accounting-related clerks is to maintain financial records.
What are some of the areas of specialty in accounting?
The two most normal specific fields of bookkeeping practically speaking are Managerial bookkeeping and monetary bookkeeping. Monetary bookkeeping is worried about recording and revealing financial information and exercises of a business. Administrative bookkeeping is worried about giving administration the information important to effectively maintain the business.
How did Menelik differ from other 19 century leaders?
he remained his independence
What does Tecumseh express about his feelings regarding the independence of his people and himself?
He wants to maintain his own independence.
How do you maintain accounting in running business by a new accountant?
i dont know please give me answer
Who managed to maintain the independence of Ethiopia?
Ethiopia was never colonized.
