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Is it improper for an officer or director of a private LLC to take a personal loan from an investor in the corporation?

Per NASD and the SEC an act doesn't have to be illegal to be improper. Anytime there can be the insinuation of conflict of interest it is improper. In this case it is improper unless there existed a prior documented relationship that supports the situation of a personal loan between the two.


When will everyone have a home?

Probably never. Some people are nomadic as a matter of personality and preference, and it would be improper to force such people into a "home" as we think of it.


What are the most common tax problems faced by individuals and businesses?

The most common tax problems faced by individuals and businesses include failure to file tax returns, underreporting income, claiming improper deductions, late payment of taxes, and tax audits.


What is the difference between risk and uncertainty?

First of all that is improper grammar. Second, uncertainty is not knowing or being sure of something. Risk is either a cool board game or doing something dangerous. doing something dangerous is taking a risk.


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.

Related Questions

What is a major cause of collisions?

Improper off-road recovery.


What is a major cause of highway collision?

Improper off-road recovery.


What is night audit?

Night Audit is a common activity which is carried out by authorized persons such as Admin or Auditor. That is you must be privileged to audit. The auditor at the end of the day can do the audit on hotel transaction activities carried out on that day and get back to the management if found something improper.


A major cause of highway collision is improper off-road recovery. True or False?

True


Do real estate negotiators need a real estate license?

Yes. Anyone who takes part in the real estate negotiating or procurement other then the buyer, seller or third party escrow is required to hold a real estate license. In California the Bureau of Real Estate issues such a license. The parties to the transaction will be covered up to $100,000 via a department issued bonds for any improper activities that occurs during the transaction.


Answer of case study on dollar general?

Identify audit procedures that might have detected the improper accounting treatment applied by Dollar General to the transaction with IBM.


What human activities that destroy soil resources?

Some human activities that can destroy soil resources include deforestation, overgrazing, improper farming practices like monoculture and excessive tillage, urbanization leading to soil compaction and pollution from industrial activities or improper waste disposal. These activities can degrade soil quality, lead to erosion, loss of topsoil, and decrease in soil fertility, affecting ecosystem health and food production.


What are some of the causes of soil contamination?

Soil contamination can result from activities such as industrial activities, agricultural practices including the use of pesticides and fertilizers, improper waste disposal, and leaking underground storage tanks. Other causes include mining activities, accidental spills, and improper handling of hazardous materials.


What human activities increase soil erosion?

Clearing land for agriculture, deforestation, construction, and improper land management practices such as overgrazing and improper farming techniques can all contribute to increased soil erosion. These activities remove vegetation cover and disturb the soil, making it more susceptible to erosion by water and wind.


How you pollute the soil?

Soil pollution can occur through the disposal of harmful chemicals, pesticides, and industrial waste directly onto the soil surface. Activities such as improper disposal of plastic, improper waste management, and overuse of fertilizers and pesticides can also contribute to soil pollution. Additionally, oil spills, mining activities, and improper disposal of electronic waste can also contaminate the soil.


What is computer matching programs involving federal benefits programs?

Eligibiltiy for federal benefits, compliance with program requirements and recovery of improper payments or outstanding debt: All of the above


What Computer matching programs involving federal benefits programs can be used to determine in hipaa?

Eligibility for federal benefits, Compliance with program requirements, and to Recovery of improper payment or outstanding debt