The document summarizes recent regulatory developments from the FASB, PCAOB, and SEC. The FASB continues work on its revenue recognition and simplification initiatives. The PCAOB seeks comment on potential audit quality indicators and disclosure of engagement partner names. The SEC issued concept releases on audit committee disclosure and CEO pay ratios and proposed a clawback rule for erroneous executive compensation.
This SEC in Focus includes remarks from SEC Chairman Jay Clayton on cybersecurity disclosures in SEC filings, recent guidance on pay ratio disclosure requirements, regulatory relief for companies and individuals affected by recent hurricanes, staff clarifications about its nonpublic review program and recent trends in SEC staff comments on non-GAAP measures and other topics.
The FASB’s latest proposal on going concern uncertainties introduces a new layer of accounting guidance that adds to the existing requirements set by auditing standards and SEC regulations. The proposed new guidance responds to a wave of unwelcome surprises, as scores of companies faced unexpected liquidity problems during an economic downturn that adversely affected businesses while the FASB’s previous (2008) proposal was sidetracked by other priorities. The added guidance may not eliminate these kinds of surprises altogether, but it provides a more systematic approach that is designed to promote more consistency in the nature and timing of disclosures about an entity’s ability to continue as a going concern. This Messenger summarizes the proposal, along with the questions, suggestions, and concerns cited in comment letters.
This SEC in Focus includes remarks from SEC Chairman Jay Clayton on cybersecurity disclosures in SEC filings, recent guidance on pay ratio disclosure requirements, regulatory relief for companies and individuals affected by recent hurricanes, staff clarifications about its nonpublic review program and recent trends in SEC staff comments on non-GAAP measures and other topics.
The FASB’s latest proposal on going concern uncertainties introduces a new layer of accounting guidance that adds to the existing requirements set by auditing standards and SEC regulations. The proposed new guidance responds to a wave of unwelcome surprises, as scores of companies faced unexpected liquidity problems during an economic downturn that adversely affected businesses while the FASB’s previous (2008) proposal was sidetracked by other priorities. The added guidance may not eliminate these kinds of surprises altogether, but it provides a more systematic approach that is designed to promote more consistency in the nature and timing of disclosures about an entity’s ability to continue as a going concern. This Messenger summarizes the proposal, along with the questions, suggestions, and concerns cited in comment letters.
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ACC 291 is a online tutorial store we provides ACC 291 Entire Course And Final Guide You can find here
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We remain in a relatively quiet time for changes in accounting and reporting standards affecting not-for-profit organizations, notwithstanding larger proposals affecting the intermediate and longer term.
Enterprise Risk Management is increasingly important as Sarbanes Oxley raises the costs of lapses in corporate governance. Companies have to learn to preempt disasters and other causes of shortfalls in performance
The biggest accounting changes coming out of the third quarter affected not-for-profit organizations, but other projects received minor updates, too. In addition, several exposure drafts have been issued, including the expected exposure draft of targeted improvements to hedge accounting.
Transforming Health Systems grants tackled four health systems concerns: stewardship and management, financing, information systems, and universal health care (UHC) policy and advocacy. In each target country, the grants provided transformative support to address key challenges.
Bangladesh faced serious constraints in its health sector workforce and weak health information systems. Thirty one grants helped provide training for health care professionals, assess and improve health information systems, and introduce UHC concepts to health sector stakeholders. The interventions increased awareness and commitment to UHC, contributed to improved and standardized medical education, and aided the development of integrated health information systems.
Ghana sought to build public sector capacity to steward and manage its mixed public-private health system. The program partnered with the International Finance Corporation, which assessed the private health sector. Thirteen grants subsequently sought to build capacity within the private sector unit in the Ministry of Health and to create a platform to facilitate engagement with the private sector. The interventions strengthened public sector capacity, increased policy dialogue around UHC, and strengthened the country’s National Health Insurance Scheme.
Rwanda’s health system reforms have sought to increase health service use, reduce out-of-pocket expenditures, and improve health indicators. Eleven grants focused particularly on building eHealth and technology platforms. The grants resulted in improved capacity to develop and implement sustainable eHealth solutions, as well as creation of a custom electronic medical records system and a Health Enterprise Architecture. Most grants included plans for sustainability beyond the life of the grant.
Vietnam wanted to find ways to expand coverage, improve financial protection, and reduce inequality, particularly through improving its provider payment system. Sixteen grants funded research to support reforms and design and test alternative capitation methods. The initiative built capacity in academic and research institutions, strengthened government capacity in health system management and planning, increased support for payment reform, and generated evidence to shape universal health insurance policies.
The characteristics of most growth markets require companies to adapt both their go-to-market strategy and their operating model to address the ever-evolving consumer needs and segments within the limits of the country’s institutional voids and culture. Some companies have managed to overcome the Growth Markets’ voids they face by merely tweaking their existing operating model a fraction. However, most companies which are looking for longer term growth in these complex markets are finding that they need to make more far-reaching and bold changes to their operating models to bridge these voids which step away from the structured and efficient capabilities that have made them so successful in the developed markets.
Автомобильный рынок России: результаты за 9 месяцев 2015 гPwC Russia
В проведенном фирмой PwC исследовании «Автомобильный рынок России: результаты за 9 месяцев 2015 г» говорится о том, что за последние 9 месяцев 2015 года Россия демонстрирует наибольшее снижение продаж среди ведущих автомобильных рынков в мире.
Эксперты PwC отмечают, по итогам 9 месяцев 2015 г. продажи новых легковых автомобилей в России снизились на 43% в количественном выражении. В рублевом выражении рынок сократился на 34%, в то время как в долларовом − на 61% за счет изменения среднего курса валют.
Responsible investment is rapidly becoming a mainstream concern within the investment industry. The dramatic growth in the number of investors who have adopted the Principles for Responsible Investment (PRI) is only the latest indicator of the increased attention the sector is paying to the integration of environmental, social and governance (ESG) factors into investment management.
Global new entrants are resetting the axes of the global healthcare and welln...PwC
New entrants from outside the traditional business of healthcare are redefining the US$9.59 trillion global healthcare market for consumers, providers, payers, and investors in both developed and developing nations. These “new entrants” are pioneering pathways into virtual healthcare, more affordable and convenient care options, wellness and fitness, and more.
In our report, PwC provides a global perspective on health's new entrants and how these savvy, entrepreneurial players are bringing consumer acumen, innovative business models and fresh ideas to address longstanding challenges. We explore:
The Leapfrog Effect: Why new entrants can innovate faster in developing countries
How new entrants are spurring the “virtual democratisation of care”
How new entrants are filling gaps in a global consumer health system
The path of least resistance: How the wellness and fitness industry may offer a more flexible entry for businesses considering ways to enter the healthcare sector
The report also includes case studies and business implications for new entrants, traditional healthcare organisations and the pharmaceutical and life sciences industry.
Global companies investing in the United States face unique opportunities and challenges. Doing business in the US reviews the key tax issues and provides insights to help investors navigate the US business environment.
Investing in transportation: The role of value for money analysisPwC
PwC insights on the role of Value for Money (VfM) analysis and how it can help articulate the value of public-private partnerships (P3s) for delivering infrastructure projects in the US.
FOR MORE CLASSES VISIT
www.acc291genius.com
ACC 291 is a online tutorial store we provides ACC 291 Entire Course And Final Guide You can find here
Axia College Material
We remain in a relatively quiet time for changes in accounting and reporting standards affecting not-for-profit organizations, notwithstanding larger proposals affecting the intermediate and longer term.
Enterprise Risk Management is increasingly important as Sarbanes Oxley raises the costs of lapses in corporate governance. Companies have to learn to preempt disasters and other causes of shortfalls in performance
The biggest accounting changes coming out of the third quarter affected not-for-profit organizations, but other projects received minor updates, too. In addition, several exposure drafts have been issued, including the expected exposure draft of targeted improvements to hedge accounting.
Transforming Health Systems grants tackled four health systems concerns: stewardship and management, financing, information systems, and universal health care (UHC) policy and advocacy. In each target country, the grants provided transformative support to address key challenges.
Bangladesh faced serious constraints in its health sector workforce and weak health information systems. Thirty one grants helped provide training for health care professionals, assess and improve health information systems, and introduce UHC concepts to health sector stakeholders. The interventions increased awareness and commitment to UHC, contributed to improved and standardized medical education, and aided the development of integrated health information systems.
Ghana sought to build public sector capacity to steward and manage its mixed public-private health system. The program partnered with the International Finance Corporation, which assessed the private health sector. Thirteen grants subsequently sought to build capacity within the private sector unit in the Ministry of Health and to create a platform to facilitate engagement with the private sector. The interventions strengthened public sector capacity, increased policy dialogue around UHC, and strengthened the country’s National Health Insurance Scheme.
Rwanda’s health system reforms have sought to increase health service use, reduce out-of-pocket expenditures, and improve health indicators. Eleven grants focused particularly on building eHealth and technology platforms. The grants resulted in improved capacity to develop and implement sustainable eHealth solutions, as well as creation of a custom electronic medical records system and a Health Enterprise Architecture. Most grants included plans for sustainability beyond the life of the grant.
Vietnam wanted to find ways to expand coverage, improve financial protection, and reduce inequality, particularly through improving its provider payment system. Sixteen grants funded research to support reforms and design and test alternative capitation methods. The initiative built capacity in academic and research institutions, strengthened government capacity in health system management and planning, increased support for payment reform, and generated evidence to shape universal health insurance policies.
The characteristics of most growth markets require companies to adapt both their go-to-market strategy and their operating model to address the ever-evolving consumer needs and segments within the limits of the country’s institutional voids and culture. Some companies have managed to overcome the Growth Markets’ voids they face by merely tweaking their existing operating model a fraction. However, most companies which are looking for longer term growth in these complex markets are finding that they need to make more far-reaching and bold changes to their operating models to bridge these voids which step away from the structured and efficient capabilities that have made them so successful in the developed markets.
Автомобильный рынок России: результаты за 9 месяцев 2015 гPwC Russia
В проведенном фирмой PwC исследовании «Автомобильный рынок России: результаты за 9 месяцев 2015 г» говорится о том, что за последние 9 месяцев 2015 года Россия демонстрирует наибольшее снижение продаж среди ведущих автомобильных рынков в мире.
Эксперты PwC отмечают, по итогам 9 месяцев 2015 г. продажи новых легковых автомобилей в России снизились на 43% в количественном выражении. В рублевом выражении рынок сократился на 34%, в то время как в долларовом − на 61% за счет изменения среднего курса валют.
Responsible investment is rapidly becoming a mainstream concern within the investment industry. The dramatic growth in the number of investors who have adopted the Principles for Responsible Investment (PRI) is only the latest indicator of the increased attention the sector is paying to the integration of environmental, social and governance (ESG) factors into investment management.
Global new entrants are resetting the axes of the global healthcare and welln...PwC
New entrants from outside the traditional business of healthcare are redefining the US$9.59 trillion global healthcare market for consumers, providers, payers, and investors in both developed and developing nations. These “new entrants” are pioneering pathways into virtual healthcare, more affordable and convenient care options, wellness and fitness, and more.
In our report, PwC provides a global perspective on health's new entrants and how these savvy, entrepreneurial players are bringing consumer acumen, innovative business models and fresh ideas to address longstanding challenges. We explore:
The Leapfrog Effect: Why new entrants can innovate faster in developing countries
How new entrants are spurring the “virtual democratisation of care”
How new entrants are filling gaps in a global consumer health system
The path of least resistance: How the wellness and fitness industry may offer a more flexible entry for businesses considering ways to enter the healthcare sector
The report also includes case studies and business implications for new entrants, traditional healthcare organisations and the pharmaceutical and life sciences industry.
Global companies investing in the United States face unique opportunities and challenges. Doing business in the US reviews the key tax issues and provides insights to help investors navigate the US business environment.
Investing in transportation: The role of value for money analysisPwC
PwC insights on the role of Value for Money (VfM) analysis and how it can help articulate the value of public-private partnerships (P3s) for delivering infrastructure projects in the US.
A change to the FHA claim filing rule is coming. Learn how you can prepare for it with this joint point of view from PwC's Consumer Finance Group and Financial Services Regulatory Practice.
The FDA and industry: A recipe for collaborating in the New Health EconomyPwC
Pharmaceutical and life science companies and their chief regulator – the FDA – must find new ways to collaborate to meet 21st century demands.
Web Page: http://www.pwc.com/us/en/health-industries/health-research-institute/hri-pharma-life-sciences-fda.jhtml
PwC’s 2014 Annual Corporate Directors Survey - The gender editionPwC
Are there really differences in how male and female directors approach their oversight roles? And, do the practices of boards with female directors vary from those of other boards? This report addresses these questions by looking at what male and female directors told us about their individual perspectives and the boards on which they serve.
Health Services Tax Conference May 18-19, 2015, Presentations included: Mega Trends and the Impact on Healthcare, The Healthcare Industry: A View from Washington and The New Health Economy.
We are pleased to present Driving Value: 2015 Midyear Automotive M&A Insights, PwC's review of mergers and acquisitions (M&A) activity and key trends impacting the global automotive industry. In this edition, we look at:
The status of global automotive deal activity amongst vehicle manufacturers, suppliers, financiers, and other related sectors
Key trends that impacted the deal market
Transaction activity by sector and region
Our perspective on the journey to the future
This latest edition is meant to serve only as a preface to the insights and observations that we can provide to drive successful transactions. M&A leaders in the automotive and financial sectors frequently turn to us for advice on potential transactions and the strategies underpinning those deals. Your feedback is important to us, and we welcome the opportunity to provide you with a deeper look into any of these trends that may be of benefit to your organization.
Our latest newsletter summarizes SEC developments in the last quarter, including certain items we have not previously reported in Week in Review. Highlights include remarks from SEC Chief Accountant Wesley Bricker on the adoption of significant new accounting standards and recent trends in SEC staff comments on non-GAAP measures.
Learn how audit committees can work with their external auditor to understand the results of the most recent PCAOB inspection and what the results mean to SEC registered companies - Peterson Sullivan - Delaware CPA Firm.
The Uniform Grant Guidance (2 CFR 200), released in December 2013, replaced several Office of Management and Budget (OMB) administrative, cost and audit circulars, and as a result, it changed the way many not-for-profit organizations and universities administered their grants.
New awards and funding increments to existing awards to which the federal agency modified the terms and conditions received after December 26, 2014, must follow the administrative requirements and cost principles under Uniform Grant Guidance (UGG). The new Single Audit requirements are effective for fiscal years beginning after December 26, 2014. For most not-for-profit organizations, that means the first time they will be subject to the new Single Audit requirements will be for their upcoming June 30, 2016 year-end.
As not-for-profit organizations prepare for the first Single Audit under UGG, they should look over these and other lessons we learned in year one of UGG.
Handy chart of the day: Recent SEC guidance and rulesAndrew Shawber
Are you confused about recent SEC guidance and proposed and final rules impacting public companies? So were we, so we put together this handy chart.
It covers the following recent SEC guidance and proposed and final rules:
- Amendments to "smaller reporting company" definition
- Non-GAAP financial measures
- Hedging policy disclosure
- Executive compensation clawback policy
- CEO pay ratio disclosure
- Pay-for-performance
- Bonus! An overview of the scaled disclosure requirements for "smaller reporting companies" under Reg. S-K and Reg. S-X
Feel free to share!
The final phase of the Office of Management and Budget’s Uniform Grant Guidance is nearly here, which means nonfederal agencies should be gearing up for the changes coming to their Single Audits.
Rodel S. Navarro; Business and Management Consultant and Director; RODEL SY NAVARRO BUSINESS CONSULTANCY SERVICES (RSNBCS); Tel / Mobile: +63-0917-7333563; Email: rsnbcs@gmail.com http://www.slideshare.net/RSNBCS; (About Business Laws compilation): http://www.slideshare.net/BUSINESSLAWSPH Email: businesslawsph@gmail.com; https://www.slideshare.net/FREEPDFBOOKSPH; freepdfbooksph@gmail.com; www.slideshare.net/IFRS_IAS_COMPILED; ifrs.ias.compiled@gmail.com; https://www.slideshare.net/PH_STANDARDSONAUDITING_COMPILED; psauditing.compiled@gmail.com
Dodd-Frank Executive Compensation Update – Rounding the Final Turn? Winston & Strawn LLP
As the fifth birthday of the Dodd-Frank Act fades into history, we are still awaiting rules from four of its main executive compensation provisions to be finalized. Proposed rules have been issued for all four (clawbacks, pay ratio, hedging, and pay for performance), and final rules are rumored for at least one in the very near future. Meanwhile, congressional pressure increases for the SEC to issue its final rules.
Winston & Strawn partners Scott Landau and Erik Lundgren from our executive compensation and employee benefits practice gave a practical, interactive presentation that reviewed the status of each of the “Last Four” requirements, compliance challenges facing companies, and strategies and action items for addressing the requirements and their uncertain timing.
Case 1-3 Politicalization of Accounting StandardsSome accountaTawnaDelatorrejs
Case 1-3 Politicalization of Accounting Standards
Some accountants have said that politicalization in the development and
acceptance of generally accepted accounting principles (i.e., standard setting) is
taking place. Some use the term politicalization in a narrow sense to mean the
influence by governmental agencies, particularly the SEC, on the development of
generally accepted accounting principles. Others use it more broadly to mean the
compromising that takes place in bodies responsible for developing these principles
because of the influence and pressure of interested groups (SEC, American
Accounting Association, businesses through their various organizations, Institute
of Management Accountants, financial analysts, bankers, lawyers, etc.).
Required:
A.) Do the reasons these groups were formed, their methods of operation while in existence, and the reasons for the demise of the first two indicate an increasing politicalization (as the term is used in the broad sense) of accounting standard setting? Explain your answer by indicating how the CAP, APB, and FASB operated or operate. Cite specific developments that tend to support your answer.
CAP. The Committee on Accounting Procedure, CAP, which was in existence from 1939 to 1959, was a natural outgrowth of AICPA committees which were in existence during the period 1933 to 1938. The committee was formed in direct response to the criticism received by the accounting profession during the financial crisis of 1929 and the years thereafter. The authorization to issue pronouncements on matters of accounting principles and procedures was based on the belief that the AICPA had the responsibility to establish practices that would become generally accepted by the profession and by corporate management.
As a general rule, the CAP directed its attention, almost entirely, to resolving specific accounting problems and topics rather than to the development of generally accepted accounting principles. The committee voted on the acceptance of specific Accounting Research Bulletins published by the committee. A two-thirds majority was required to issue a particular research bulletin. The CAP did not have the authority to require acceptance of the issued bulletins by the general membership of the AICPA, but rather received its authority only upon general acceptance of the pronouncement by the members. That is, the bulletins set forth normative accounting procedures that "should be" followed by the accounting profession, but were not "required" to be followed.
It was not until well after the demise of the CAP, in 1964, that the Council of the AICPA adopted recommendations that departures from effective CAP Bulletins should be disclosed in financial statements or in audit reports of members of the AICPA. The demise of the CAP could probably be traced to four distinct factors: (1) the narrow nature of the subjects covered by the bulletins issued by the CAP, (2) the lack of any theoretical groundwork in esta ...
As today's not-for-profit organizations shift from being purely mission focused to operating more “like a business,” certain core principles and fundamentals apply to both. To wit, it is vital for audit committee members to stay ahead of relevant changes to legal and regulatory requirements in this challenging environment. Take a look.
Users of not-for-profit financial statements want transparency, and emerging reporting requirements aim to provide it. Recent updates from the federal government and from Financial Accounting Standards Board (FASB) require more visibility into how not-for-profit organizations manage their resources. Not-for-profits need to monitor these updates and what they mean not only for their current year-ends, but for future reporting practices. Several requirements effective now and with impending effective dates will likely be key points for the auditor of your financial statements.
Consider how your organization addresses the following and whether your practices would stand up to an auditor's magnifying glass.
This publication includes the deal activity in the insurance sector such as overall highlights, key announced transactions, and the outlook ahead. Read our full report to learn more.
Chain Reaction: How Blockchain Technology Might Transform Wholesale InsurancePwC
With the goal to identify where blockchain technologies have the greatest potential, this research report sponsored by PwC and conducted by Z/Yen, is based on 50+ interviews with brokers, insurers, reinsurers, regulators and trade bodies from across the global wholesale insurance market.
In depth: New financial instruments impairment modelPwC
On June 16, 2016, the FASB issued Accounting Standards Update 2016-13, Financial Instruments – Credit Losses (Topic 326) (the “ASU”). The ASU introduces a new model for recognizing credit losses on financial instruments based on an estimate of current expected credit losses. The new model will apply to: (1) loans, accounts receivable, trade receivables, and other financial assets measured at amortized cost, (2) loan commitments and certain other off-balance sheet credit exposures, (3) debt securities and other financial assets measured at fair value through other comprehensive income, and (4) beneficial interests in securitized financial assets.
Many internal audit departments are investing in data analytics, but are struggling to fully realize the anticipated benefits. By avoiding common pitfalls and implementing data analytics holistically throughout the department, stalled analytics programs can be restarted, or new programs more successfully implemented.
Apache Hadoop Summit 2016: The Future of Apache Hadoop an Enterprise Architec...PwC
Hadoop Summit is an industry-leading Hadoop community event for business leaders and technology experts (such as architects, data scientists and Hadoop developers) to learn about the technologies and business drivers transforming data. PwC is helping organizations unlock their data possibilities to make data-driven decisions.
On June 21st, PwC’s Health Research Institute (HRI) released its annual Medical Cost Trend: Behind the Numbers 2017 report. PwC’s HRI anticipates a 6.5% growth rate for 2017—the same as was projected for 2016. The report identifies the key inflators and deflators as well as historical context to better understand the medical cost trend for 2017. Increases in the trend due to utilization of convenient care access points and an uptick in behavioral healthcare benefits for employees are being offset by more aggressive strategies by pharmacy benefit
Stepping into the cockpit- Redefining finance's role in the digital agePwC
Insurance finance functions have been refining their
operating models to better align with business partner
demands, as well as adopting leading practices on how
to best utilize people, process and technology. The
challenge is that the business landscape is continuously
shifting and the pace of change is rapidly accelerating.
In spring 2016, PwC investigated the current state and
future direction of stress testing. We surveyed 55 insurers
operating in the US about their stress testing framework and
the specific stresses that they test. We also engaged in more
detailed dialogue with a number of insurers in the US and
globally, as well as with some North American insurance
regulators.
International Capital Standard (ICS) Background PwC
PwC US risk & capital management leader Henry Essert and PwC global insurance regulatory director Ed Barron
recently sat down to discuss the proposed International Capital Standards (ICS) for insurers. They addressed at
length what the ICS is and what it could mean to insurers. The following pages contain their thoughts on the
standard, as well as some background information on capital management and related issues in the
insurance industry.
Insurers are upgrading their technology to support more complex
products, lower operating costs, and get closer to their customers.
But they can do more harm than good when they make changes
that alienate their independent agents. We’ve identified five steps
that can help insurers engage agents early and create a
transition plan that meets agents’ needs—converting these
important stakeholders into enthusiastic advocates.
On February 25, 2016, the FASB issued the new standard, Leases (ASC 842). There are elements of the new standard that could impact almost all entities to some extent, although lessees will likely see the most significant changes. Lessees will need to recognize virtually all of their leases on the balance sheet, by recording a right-of-use asset and lease liability.
The IASB issued its new standard, IFRS 16, Leases, earlier this year. There are significant areas of divergence between guidance applicable under US GAAP and that required by IFRS.
On June 21st, PwC’s Health Research Institute (HRI) released its annual Medical Cost Trend: Behind the Numbers 2017 report. PwC’s HRI anticipates a 6.5% growth rate for 2017—the same as was projected for 2016. The report identifies the key inflators and deflators as well as historical context to better understand the medical cost trend for 2017. Increases in the trend due to utilization of convenient care access points and an uptick in behavioral healthcare benefits for employees are being offset by more aggressive strategies by pharmacy benefit
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the what'sapp contact of my personal pi merchant to trade with
+12349014282
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Regulatory Standard Settin Developments- Septmber 2015
1. 1
Regulatory and standard-setting
developments
Introduction
This document provides a summary of the activities of the FASB, PCAOB, and SEC, and
describes related international developments that may be of interest to audit committees,
companies, and their stakeholders.
Financial Accounting Standards Board
The FASB continues to make progress on
its Simplification Initiative and also
continues to address questions regarding
its new revenue standard. The FASB issued
proposed amendments to clarify (1) the
unit of account for the principal versus
agent assessment, (2) how the indicators
help an entity evaluate whether it controls
a good or service before it is transferred to
a customer, and (3) how the control
principle applies to services performed by
another party. These amendments were
released in late August, with a comment
deadline of October 15. The IASB
incorporated these amendments in a
package of proposed amendments issued in
July, with a comment period that ends
October 28, 2015. Refer to our In
transition publication for more details.
The FASB also plans to issue another
exposure draft with narrow scope
improvements. The proposed amendments
are expected to address collectability and
noncash consideration, and provide a new
practical expedient for the presentation of
sales taxes collected from customers. The
proposals will also include amendments to
(a) provide a practical expedient for
contracts that have been modified as of the
adoption date, (b) clarify when a contract is
considered “completed” for purpose of
applying the transition guidance, and (c)
allow entities to apply the modified
retrospective transition approach to all
contracts, rather than only those contracts
that are not completed as of the adoption
date. The next TRG meeting to discuss
implementation issues is scheduled for
November 9, 2015.
As anticipated, the FASB and IASB both
finalized a deferral of the effective date of
the new revenue standard by one year,
which means calendar year-end public
companies are required to apply the new
guidance beginning in 2018.
September 16, 2015
2. 2
Public Company Accounting Oversight Board
PCAOB seeks comment on potential
audit quality indicators
On July 1, 2015, the Public Company
Accounting Oversight Board (PCAOB)
issued a concept release on a group of
twenty-eight potential audit quality
indicators (AQIs). The AQIs pertain to
three broad categories:
Audit Professionals —the availability of
resources, competence, and focus of
those performing the audit
Audit Process —an audit firm's tone at
the top and leadership, incentives,
independence, attention to
infrastructure, and its record of
monitoring and remediating identified
matters impacting audit quality
Audit Results — measures relating to
financial statements (such as the
number and impact of restatements
and other measures of financial
reporting quality), internal control over
financial reporting, going concern
reporting, communications between
auditors and audit committees, and
enforcement and litigation
The PCAOB is considering whether AQIs
would enhance the discussion around audit
quality and contribute to the identification
of key variables that drive audit quality.
The PCAOB is also considering one or more
approaches to communicating AQIs,
ranging from voluntary disclosures to
mandated public disclosure. Comments on
the concept release are due September 29,
2015. A roundtable will be held during the
fourth quarter of 2015. Refer to our In brief
publication for more details.
PwC responds to PCAOB request for
comment on disclosing name of
partner and others
On June 30, 2015, the PCAOB issued a
request for comment on its 2013 audit
transparency re-proposal. The proposal
considers requiring disclosure of (1) the
name of the lead engagement partner, and
(2) the names, locations, and extent of
participation of certain other independent
public accounting firms, including other
firms within the same network as the group
auditor that took part in the group audit.
As proposed, this information would be
disclosed on a new PCAOB form, Auditor
Reporting of Certain Audit Participants
(Form AP), instead of in the auditor’s
report, as proposed in 2013. The PCAOB is
considering making the requirements
effective for auditors’ reports issued or
reissued on or after June 30, 2016, or three
months after the approval of the
requirements by the SEC, whichever occurs
later. Refer to our In brief publication for
more details.
In our comment letter, we support
inclusion of this information in Form AP
instead of in the auditor’s report. We
believe use of Form AP addresses in large
measure the profession’s concerns related
to the practical challenges in obtaining
consents and litigation risks. Refer to our
PwC comment letter for more details.
PCAOB inspection in China
The PCAOB and Chinese regulators have
made progress towards oversight of the
auditors of Chinese registrants listed in
U.S. markets. The PCAOB is planning its
first inspection of an audit firm in China
under a pilot program. While there are no
final agreements, gaining access to inspect
Chinese audit firms would be a significant
step for the PCAOB.
3. 3
Personnel
In July, the SEC announced that PCAOB
member Lewis H. Ferguson has been
reappointed for a second term on the
Board. Mr. Ferguson’s new term runs until
October 2019.
Securities and Exchange Commission
Audit Committee disclosure
On July 1, 2015, the SEC published a
concept release to solicit input on possible
changes to its audit committee disclosure
requirements relating to the audit
committee’s s oversight of the independent
auditor. The majority of the SEC’s current
audit committee disclosure requirements
were adopted in 1999. Since that time,
there have been significant changes in
audit committee responsibilities, including
the 2002 Congressional mandate that the
audit committee of a listed issuer be
directly responsible for the appointment,
compensation, retention, and oversight of
the work of the independent auditor.
Current audit committee disclosure
requirements provide some information
about the audit committee’s role in
overseeing the independent auditor.
However, the SEC’s current rules do not
provide insight into how the audit
committee executes its responsibilities. The
concept release seeks public input in three
broad categories: (1) Audit committee’s
oversight of the auditor, (2) audit
committee’s process for appointing or
retaining the auditor, and (3) qualifications
of the audit firm and certain members of
the engagement team selected by the audit
committee. Comments were due by
September 8, 2015. The SEC will use the
input it receives to evaluate whether to
propose changes to its rules. Refer to our In
brief publication for more information.
PwC is supportive of mandating that audit
committees make disclosures in the three
broad categories discussed above.
However, we believe any rules should be
principles-based, and avoid prescribing the
specific content of such disclosures. Refer
to our PwC comment letter for more
details.
CEO pay ratio disclosure
Nearly 2 years after being proposed, the
SEC adopted the CEO Pay Ratio Disclosure
on August 5, 2015. The new rule requires
many public companies to disclose the
CEO’s annual total compensation, the
“median employee’s annual total
compensation,” and the ratio of these two
amounts. The determination of the median
employee involves an analysis of all full-
time, part-time, and temporary workers
employed by a company. The final rule
provides for certain computational
flexibility. The pay ratio disclosure will be
required in registration statements (other
than IPOs and Form 10), proxy and
information statements, and annual
reports that require executive
compensation disclosures. With certain
exceptions, registrants must comply with
the rule for their first fiscal year beginning
on or after January 1, 2017. Refer to our In
brief publication for more information.
Proposed clawback rule
In order to implement Section 954 of the
Dodd-Frank Act, on July 1, 2015, the SEC
proposed a rule that would require many
public companies to adopt policies to
recover (i.e., clawback) “erroneously
awarded” incentive-based compensation if
the company is required to restate
previously issued financial statements to
correct a material error. The proposed rule
would apply on a “no-fault” basis to the
company’s President, CFO, CAO, vice
presidents in charge of a unit, division, or
function, and any other officer that
performs a policy-making function.
Incentive-based compensation received
during the three-year period preceding the
determination to restate would be subject
to clawback.
4. 4
If adopted as proposed, the new rule would
differ from the existing clawback
requirements created in 2002 by Section
304 of the Sarbanes–Oxley Act, which
apply only to the CEO and CFO, cover a
period of 12 months, are triggered only
when the restatement is as a result of
misconduct, and require the
reimbursement to the company of any
bonus or incentive/equity-based
compensation (not just the erroneously-
awarded portion).
The comment period for the proposal
ended September 14, 2015. With the
proposal of the clawback rule, the
commission has completed proposals on all
executive compensation rules required by
Dodd-Frank. Refer to our In brief
publication for more information.
Conflict minerals rule update
In November 2014, the U.S. Court of
Appeals for the District of Columbia Circuit
agreed to reconsider its earlier ruling in
which it found that a portion of the SEC’s
Conflict Minerals rules violated U.S.
Constitution. In August 2015, the court
reaffirmed its prior ruling. The U.S.
Department of Justice and the SEC have
not yet indicated whether they will seek
further appellate (or even Supreme Court)
review. For now, companies are continuing
to follow the interpretive guidance issued
by the SEC staff following the initial ruling
in 2014. Refer to our In brief publication
published in 2014 for more details.
Commissioner transition
In June 2015, we noted that SEC
Commissioner Daniel M. Gallagher had
submitted his resignation effective upon
the appointment of his successor. In
September 2015, Commissioner Gallagher
announced that he intends to leave the SEC
no later than Oct. 2. The President has not
yet nominated a successor for
Commissioner Gallagher or for
Commissioner Luis Aguilar, whose term
expired in June. Although his term has
expired, Commissioner Aguilar is expected
to remain at the SEC until his successor is
nominated.
International developments
Mandatory non-financial audit for
companies in India
India became the first country to make
Secretarial Audits (i.e., non-financial
audits) mandatory. These audits involve
checking the company’s compliance with
corporate and other laws, rules,
regulations, and procedures. The aim is to
provide regulators and stakeholders
comfort that a company has a disciplined
approach to compliance as a means to
evaluate and improve the effectiveness of
risk management, control, and governance
processes. The requirements are
mandatory for fiscal years ending on or
after March 31, 2015. Sanctions can be
assessed for non-compliance.