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What is the responsibility of independent auditors?
The primary objective of independent auditors are rendering opinion report on the financial statement that is the responsibility of client management. The main reason auditors need to be independent are to provide credentional for the client prepared financial statements. Therefore, the users (Bankers, Investers and third party) of the financial statement can have unbiased information about the client financial Statements.
Bank reconciliation statement is prepared by?
bankers
What is British Bankers' Association's motto?
British Bankers' Association's motto is 'The voice of banking & financial services'.
What is the purpose of the Institute of Bankers?
The Institute of Bankers was founded with one goal or purpose in mind. The IOB's goal was a professional body to educate bankers and financial service practitioners in Ireland.
Why do bankers use spreadsheets?
Bankers use spreadsheets because they're too cheap to invest in proper financial software. It's also a convenient way for them to manipulate numbers and make it look like they know what they're doing. Plus, it gives them something to do while pretending to be busy at their desks.
What types of information about their businesses would owners be willing to provide bankers?
What type of information about a business would owners be willing to provide to bankers about al loan?
What type of information about a business would owners not be willing to provide to bankers about al loan?
What types of information about their businesses would owners be willing to provide bankers
Why a bankers is a stakeholder?
A banker is a stakeholder because they have a vested interest in the financial health and success of the businesses and individuals they serve. Their role often involves providing loans, managing accounts, and offering financial advice, which directly affects their profitability and reputation. Additionally, bankers are impacted by the economic performance of their clients, as successful clients contribute to the bank's growth and stability. Consequently, the relationship between bankers and their clients is mutually influential, making bankers key stakeholders in the financial ecosystem.
What does Bba Od NP mean on bank statement?
"BBA OD NP" on a bank statement typically stands for "Bankers' Blanket Agreement Overdraft Non-Personal." It indicates an overdraft transaction related to a business or non-personal account, suggesting that the account has gone into overdraft under a blanket agreement, which is a type of arrangement for managing overdrafts for businesses. If you have further questions about specific transactions, it's best to contact your bank for detailed information.
When did Bankers Trust acquire Golden American Life?
Bankers Trust acquired Golden American Life Insurance Company in 1998. This acquisition was part of Bankers Trust's strategy to expand its financial services and insurance offerings. The deal was finalized after Bankers Trust's purchase of the company from its parent, the Golden American Life Insurance Holdings.
Why Bankers algorithm to avoid deadlock is called so?
It is called that so that the algorithm will prevent such a financial situation.
How does accounting benefit a business?
1. Accounting helps to manage the financial records of a business in an organized manner 2. Financial transactions can be retrieved easily 3. Profit and loss can be tracked in a simpler way 4. Provide accurate information to investors, bankers and other business authorities
