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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.
Where requires statutory audit?
Statutory audits are required by governmental agencies or industry regulators. Banks, insurance companies and general firms provide audited statutory financial statements periodically. Statutory audit procedures are varied, and include understanding a business entity's operating environment and controls. An auditor performs tests of accounts and balances on a bank's, an insurance company's or a hedge fund's account balances to check that such balances and corporate financial statements are accurate and complete
What is the difference between statutory and non statutory audits?
what is the difference between statutory audit and non statutory audit.
What are statutory expenses?
statutory expenses
How do you calculate the statutory reserve of a company?
what are the statutory reserves of a company?
What is a non statutory?
a non-statutory organisation is one that is not funded by the government, they are usually voluntary and fund themselves through means of charity shops and donations. hope this helps :)
What is a Non statutory organization?
a non-statutory organisation is one that is not funded by the government, they are usually voluntary and fund themselves through means of charity shops and donations. hope this helps :)
What is the interest rate on statutory and recognised provident fund?
8.6% per year
Where was the Pension Protection Fund founded?
The Pension Protection Fund was founded in the United Kingdom. A Board is designated to manage the fund and make payments to members. The Board is established as a statutory corporation.
What is meant by statutory reserve being maintained by banking companies?
The word "statutory" means that something is a legal requirement. In this case the banking companies are legally obliged to keep a certain amount of money in a reserve fund. They must nto invest it or put it 'at risk' in any way.
Is a workmen compensation fund a statutory fund?
Yes, a workers' compensation fund is typically considered a statutory fund, as it is established and governed by laws enacted by the government. These laws mandate employers to provide financial compensation to employees who suffer work-related injuries or illnesses. The fund ensures that injured workers receive necessary medical care and wage replacement, and its structure and operation are regulated to ensure compliance and protect workers' rights.
What is statutory compliance in Hr in India?
The statutory compliane are difference in various states, typically statutory followed all the states are 1. Provident fund 2. ESIC 3. Professional tax/service Tax 4. Bonus Act 5.Gratuity 6.
When was the Employees Provident Fund Organization of India formed?
The Employees Provident Fund Organization of India is a statutory body of the Government of India under the Ministry of Labour and Employment. The organization is formed in 1952.
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.
What is the difference between source of funds and sources of funds?
sources of fund means from where the capital we are getting & source of fund means how we can get the capital.
What is the definition of a no load mutual fund?
A no load mutual fund is a mutual fund that does not charge a commission or sales charge. This means that you don't have to pay a fee to invest or withdraw your money, and all of your money will go to work in the mutual fund. A no load mutual fund means that there is no or very low fee charge for the fund. These are typically lower than loaded mutual funds.
What does alpha in the hedge fund industry means?
"Alpha" in the Hedge Fund industry means "Absolute Returns." A return on investment is considered to be absolute when it can be duplicated again and again with the same result by the Fund Manager. So, essentially, the trading skill and savy that the Fund Manager brings to the table (and which he is compensated for) is considered to be the fund's "Alpha."
