Wednesday, 1 February 2012
What is Audit report
A report by the auditors appointed to audit the account of a company or organization. The auditors of a limited company are reguired to form an opinion as to whether the annual accounts of the company give a true and fair view of its profit or loss for the period ended
What is Audit opinion
An opinion contained in an audit report it expresses a view as to whether or not the financial statement audited have been prepared consistently using appropriate accounting policies
What is an Audit
Audit is an independent examination of an the subsequent expression of opinion on the financial statement of an organization
Who is accountant?
Accountant is a person who passed the accountancy examination of one of the recognized accounting bodies and completed the reguired work experience
Monday, 30 January 2012
Facebook IPO
Facebook is in the process of becoming a publicly-listed company,the company plans to achieve this through offering of IPO.according to the reports facebook is plans to file papers with the US financial wathdog on wednesday this is accordingto the Financial Times and the wall street Journal.The social networking site is valued at between $75bn and $100bn.the floatation would raise about $10bn
Sunday, 29 January 2012
Royal Bank of Scotland madness payments
Royal Bank of Scotland has awarded its top directors heavty payment.it has been offered its chairman Sir philip Hampton $1.9 million althought he has down it down. the bank has lso awarded the bank CEO mr stephen Hester more than $1.3million on bonus. this has caused alot of disbelieve among the scotish people they asked the UK prime minister not to accept the treásury to pay them.RBS his majority state owned and the tax payers are not happy with it.For the God sake with the all the crisis that is going on in euro zone .how can banks still go on to pay such payments.while the shareholders are not receving the best from there investment.
Thursday, 26 January 2012
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