Holding a financial interest in an assurance client can create a self-interest threat for the firm and assurance team. The significance of this threat depends on factors such as the role of the person holding the interest, whether the interest is direct or indirect, and the materiality of the interest. Direct financial interests will generally impair independence except in specific circumstances, whereas indirect interests are permitted as long as they are immaterial. Certain loans between the firm/assurance team and the client are also prohibited, while others such as normal commercial loans are permitted. Firms must evaluate any financial interests held and apply safeguards as needed to address any threats to independence.
FiNsure 360 Insurance For Start Up Investment Advisors/Financial Institutionsldag32
A guide to both required and elective lines of insurance and risk management products for start-up Investment Advisors, Hedge & Private Equity Funds
FiNsure 360 Insurance For Start Up Investment Advisors/Financial Institutionsldag32
A guide to both required and elective lines of insurance and risk management products for start-up Investment Advisors, Hedge & Private Equity Funds
CBI Comments on Proposed TRIA Regulatory DefinitionsJasonSchupp1
This comment letter focuses on the proposed rule changes for the Terrorism Risk Insurance Act regulations with respect to the definitions of:
• Act of terrorism; and
• Insured loss
in accordance with Treasury’s Notice appearing at 85 FR 71588 (November 10, 2020).
Self-Insured Retentions Part 2: An Examination of the Uses and Problems (from...NationalUnderwriter
This second and concluding part of the discussion on self-insured retentions first itemizes the points that should be
considered when either drafting or accepting SIRs. The discussion then addresses some additional problem areas not only with self-insured retentions having to do with primary liability policies, but also with the SIR feature of umbrella policies. It is not unusual, furthermore, for litigants, among others, to confuse deductibles with self-insured retentions, and there are differences, as one case discussed points out. In light of the fact that self-insured retentions also are growing, it also is important that parties to a contract are informed of their existence. To not do so, could end up with the accusation of failure to procure the proper insurance and, of course, such a breach is not covered by liability policies. It is for this reason that perhaps insurance certificates should be amended to insert room to notify (and warn) certificate holders of an SIR existence.
CBI Comments on Proposed TRIA Regulatory DefinitionsJasonSchupp1
This comment letter focuses on the proposed rule changes for the Terrorism Risk Insurance Act regulations with respect to the definitions of:
• Act of terrorism; and
• Insured loss
in accordance with Treasury’s Notice appearing at 85 FR 71588 (November 10, 2020).
Self-Insured Retentions Part 2: An Examination of the Uses and Problems (from...NationalUnderwriter
This second and concluding part of the discussion on self-insured retentions first itemizes the points that should be
considered when either drafting or accepting SIRs. The discussion then addresses some additional problem areas not only with self-insured retentions having to do with primary liability policies, but also with the SIR feature of umbrella policies. It is not unusual, furthermore, for litigants, among others, to confuse deductibles with self-insured retentions, and there are differences, as one case discussed points out. In light of the fact that self-insured retentions also are growing, it also is important that parties to a contract are informed of their existence. To not do so, could end up with the accusation of failure to procure the proper insurance and, of course, such a breach is not covered by liability policies. It is for this reason that perhaps insurance certificates should be amended to insert room to notify (and warn) certificate holders of an SIR existence.
This study deals with some issues related to the audit team member, family member, audit fees and gift and hospitality with respective section. In general audit service is defined as the evaluation of the person, system, organization, process, enterprise or project. Before engaging in the audit arrangement the significant of the threat must be evaluated and applicable safeguard should be applied to eradicate the threat or to reduce the threat at an accepted level. If the member cannot eradicate or reduce the threat by applying safeguards, such an offer should not be accepted by the Member in Public Practice.
Directors and officers liability insurance policiesOptimuminsurance
(http://optimuminsurance.com.au/ProductsServices/ProfessionalRisksInsurance/DirectorsOfficersLiabilityInsurance.aspx) - Directors and Officers Liability Insurance provides protection for the personal assets of directors and officers by providing indemnity for loss arising from a claim as a result of a 'wrongful act' committed by them in the course of conducting their business.
Similar to Etika profesi akuntansi (inggris, individu) (20)
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
1. 291.104 Holding a financial interest in an
assurance client may create a self-interest
threat. The existence and significance of
any threat created depends on:
(a) The role of the person holding the
financial interest,
(b) Whether the financial interest is direct or
indirect, and
(c) The materiality of the financial interest.
2. 291.105 Financial interests may be held through an
intermediary (for example, a collective investment
vehicle, estate or trust). The determination of
whether such financial interests are direct or indirect
will depend upon whether the beneficial owner has
control over the investment vehicle or the ability to
influence its investment decisions. When control
over the investment vehicle or the ability to influence
investment decisions exists, this Code defines that
financial interest to be a direct financial interest.
Conversely, when the beneficial owner of the
financial interest has no control over the investment
vehicle or ability to influence its investment
decisions, this Code defines that financial interest to
be an indirect financial interest.
3. 291.106 If a member of the assurance team, a
member of that individual’s immediate
family, or a firm has a direct financial
interest or a material indirect financial
interest in the assurance client, the selfinterest threat created would be so
significant that no safeguards could reduce
the threat to an acceptable level.
Therefore, none of the following shall have
a direct financial interest or a material
indirect financial interest in the client: a
member of the assurance team; a member
of that individual’s immediate family
member; or the firm.
4. 291.107 When a member of the assurance team has
a close family member who the assurance
team member knows has a direct financial
interest or a material indirect financial
interest in the assurance client, a selfinterest threat is created. The significance
of the threat will depend on factors such
as
• The nature of the relationship between
the member of the assurance team and the
close family member; and
• The materiality of the financial interest
to the close family member.
5. The significance of the threat shall be evaluated
and safeguards applied when necessary to
eliminate the threat or reduce it to an acceptable
level.
Examples of such safeguards include:
• The close family member disposing, as soon as
practicable, of all of the financial interest or
disposing of a sufficient portion of an indirect
financial interest so that the remaining interest
is no longer material;
• Having a professional accountant review the
work of the member of the assurance team; or
• Removing the individual from the assurance
team.
6. 291.108 If a member of the assurance team, a
member of that individual’s immediate
family, or a firm has a direct or material
indirect financial interest in an entity that
has a controlling interest in the assurance
client, and the client is material to the
entity, the self-interest threat created
would be so significant that no safeguards
could reduce the threat to an acceptable
level. Therefore, none of the following
shall have such a financial interest: a
member of the assurance team; a member
of that individual’s immediate family; and
the firm.
7. 291.109 The holding by a firm or a member of the assurance
team, or a member of that individual’s immediate
family, of a direct financial interest or a material
indirect financial interest in the assurance client as
a trustee creates a self-interest threat. Such an
interest shall not be held unless: (a) Neither the
trustee, nor an immediate family member of the
trustee, nor the firm are beneficiaries of the trust:
(b) The interest in the assurance client held by the
trust is not material to the trust;
(c) The trust is not able to exercise significant
influence over the assurance client; and
(d) The trustee, an immediate family member of
the trustee, or the firm cannot significantly
influence any investment decision involving a
financial interest in the assurance client.
8. 291.110 Members of the assurance team shall
determine whether a self-interest threat is
created by any known financial interests in the
assurance client held by other individuals
including:
• Partners and professional employees of the
firm, other than those referred to above, or
their immediate family members; and
• Individuals with a close personal relationship
with a member of the assurance team.
Whether these interests create a self-interest
threat will depend on factors such as:
• The firm’s organizational, operating and
reporting structure; and
• The nature of the relationship between the
individual and the member of the assurance
team.
9. The significance of any threat shall be evaluated and
safeguards applied when necessary to eliminate the
threat or reduce it to an acceptable level.
Examples of such safeguards include:
• Removing the member of the assurance team with
the personal relationship from the assurance team;
• Excluding the member of the assurance team from
any significant decision-making concerning the
assurance engagement; or
• Having a professional accountant review the work
of the member of the assurance team.
10. 291.111 If a firm, a member of the assurance team, or an
immediate family member of the individual, receives a
direct financial interest or a material indirect financial
interest in an assurance client, for example, by way of
an inheritance, gift or as a result of a merger, and such
interest would not be permitted to be held under this
section, then:
(a) If the interest is received by the firm, the financial
interest shall be disposed of immediately, or a sufficient
amount of an indirect financial interest shall be
disposed of so that the remaining interest is no longer
material, or
(b) If the interest is received by a member of the
assurance team, or a member of that individual’s
immediate family, the individual who received the
financial interest shall immediately dispose of the
financial interest, or dispose of a sufficient amount of an
indirect financial interest so that the remaining interest
11. 291.112 When an inadvertent violation of this section as it relates
to a financial interest in an assurance client occurs, it is
deemed not to compromise independence if:
(a) The firm has established policies and procedures that
require prompt notification to the firm of any breaches
resulting from the purchase, inheritance or other
acquisition of a financial interest in the assurance client;
(b) The actions taken in paragraph 291.111(a)–(b) are
taken as applicable; and
(c) The firm applies other safeguards when necessary to
reduce any remaining threat to an acceptable level.
Examples of such safeguards include:
• Having a professional accountant review the work of
the member of the assurance team; or
• Excluding the individual from any significant decisionmaking concerning the assurance engagement.
The firm shall determine whether to discuss the matter
with those charged with governance.
12. 291.113 A loan, or a guarantee of a loan, to a member of the
assurance team, or a member of that individual’s
immediate family, or the firm from an assurance
client that is a bank or a similar institution, may
create a threat to independence. If the loan or
guarantee is not made under normal lending
procedures, terms and conditions, a self-interest
threat would be created that would be so
significant that no safeguards could reduce the
threat to an acceptable level. Accordingly, neither
a member of the assurance team, a member of
that individual’s immediate family, nor a firm
shall accept such a loan or guarantee.
13. 291.114 If a loan to a firm from an assurance client that
is a bank or similar institution is made under
normal lending procedures, terms and
conditions and it is material to the assurance
client or firm receiving the loan, it may be
possible to apply safeguards to reduce the
self-interest threat to an acceptable level. An
example of such a safeguard is having the
work reviewed by a professional accountant
from a network firm that is neither involved
with the assurance engagement nor received
the loan.
14. 291.115 A loan, or a guarantee of a loan, from an
assurance client that is a bank or a similar
institution to a member of the assurance
team, or a member of that individual’s
immediate family, does not create a threat
to independence if the loan or guarantee
is made under normal lending
procedures, terms and conditions.
Examples of such loans include home
mortgages, bank overdrafts, car loans and
credit card balances.
15. 291.116 If the firm or a member of the assurance
team, or a member of that individual’s
immediate family, accepts a loan from, or has
a borrowing guaranteed by, an assurance
client that is not a bank or similar
institution, the self-interest threat created
would be so significant that no safeguards
could reduce the threat to an acceptable
level, unless the loan or guarantee is
immaterial to both the firm, or the member of
the assurance team and the immediate family
member, and the client.
16. 291.117 Similarly, if the firm, or a member of the
assurance team, or a member of that
individual’s immediate family, makes or
guarantees a loan to an assurance client,
the self-interest threat created would be so
significant that no safeguards could
reduce the threat to an acceptable level,
unless the loan or guarantee is immaterial
to both the firm, or the member of the
assurance team and the immediate family
member, and the client.
17. 291.118 If a firm or a member of the assurance
team, or a member of that individual’s
immediate family, has deposits or a
brokerage account with an assurance
client that is a bank, broker, or similar
institution, a threat to independence is not
created if the deposit or account is held
under normal commercial terms.