What legislation needs to be complied with and what procedures need to be followed to comply with legislation, regulations and the Code of Professional Conduct
There are multiple organizations that are responsible for governing financial standards and reporting. The foremost organization is the Securities and Exchange Commission (SEC), which was created by the federal government to help create a financial standard approach on how financial information is presented to stockholders.
The next organization is the American Institute of Certified Public Accountants (AICPA). The AICPA is a national group of professional certified public accountants that created committees to create financial standards, deciding its procedures, and finalisation of guidelines that make up the GAAP. The AICPA group successfully created the accounting principles board over the years, thus allowing improvement and advancement in accounting principles and practices.
The next organization is the Financial Accounting Standards Board (FASB). It was created to establish and provide help in improving the financial accounting reporting process.
The last organization that is responsible for governing financial reporting is the Government Accounting Standards Board (GASB). It was created in the 1970’s to check and regulate how government agencies report their financial reporting.
What legislation needs to be complied with and what procedures need to be followed to comply...
Write a 2,500 word paper explaining the role of the BAS agent—what a tax or BAS agent must do with regard to preparation and lodgement of BAS and IAS forms.Explain what GST is, how the BAS applies and why it is used.In the paper answer these questions:What legislation needs to be complied with and what procedures need to be followed to comply with legislation, regulations and the Code of Professional Conduct?What is a tax agent service?What materials or sources will...
What do organisations need to do to ensure that they comply with equal opportunity and anti-discrimination legislation? On what grounds is it illegal to discriminate against a person? On what principle is equal employment opportunity legislation founded on? (100–200 words)
Project 1 1 Policies and procedures Develop a range of policies and accompanying procedures for recruitment, selection and induction in a new organisation. Describe the organisation and its core business then explain how and why you would analyse strategic and operational plans and policies before developing recruitment, selection and induction policies and procedures. Make a list of the legislation and the regulations that are relevant to the policies and procedures. Develop and list the supporting documentation or forms you will...
What impact might an industry code of practice have on the procedures followed to resolve the dispute? Discuss in 80–100 words.
Your QA team that has prescribed a set of procedures to be followed by the project team whenever a modified code/patch/application is released to the client. Your Project Lead informs that a release is required urgently by an important client. He says, all the steps in the procedure prescribed have been followed but due to time constraints each step is covered only to the extent of 30-50%. Further, the client needs the release in the next 2 hours itself. What...
Summative Assessment 2 - BSBHRM506 - Human Resources: Develop a range of policies and accompanying procedures for recruitment, selection and induction in a new organisation. Describe the organisation and its core business then explain how and why you would analyse strategic and operational plans and policies before developing recruitment, selection and induction policies and procedures. Make a list of the legislation and the regulations that are relevant to the policies and procedures. Develop and list the supporting documentation or forms...
Why do you need to assess information to ensure that operating procedures have been followed? Discuss in 80–100 words.
Why do you need to assess information to ensure that operating procedures have been followed? Discuss in 80–100 words.
Outline the responsibilities of managers in the development and monitoring of policies and procedures, including those related to:children in the workplacecodes of conductcodes of practicecomplaint managementcontinuing professional educationdiscriminationdignity of riskduty of arehuman rightsUniversal Declaration of Human Rightsrelationship between human needs and human rightsframeworks, approaches and instruments used in the workplaceinformed consentmandatory reportingpractice standardspractitioner/ client boundariesprivacy, confidentiality and disclosurepolicy frameworksrecords managementrights and responsibilities of workers, employers and clientsindustrial relations legislation and requirements relevant to organisationspecific requirements in the area of work,...
Pick a company you are familiar with—what would it need to do differently to comply with the five lean principles?