AFA 100 Lecture Notes - Lecture 1: Income Statement, Remittance, Internal Control
16 Oct 2016
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Document Summary
Director - short title used to describe members of the board of directors who are elected by the company"s shareholders to serve as their representatives. Directors oversee the managers of the company with the primary goal of ensuring that management and financial decisions aim to benefit shareholders. Canadian securities administrators (csa) - has regulators from every province and territory in canada who closely monitors the information that is reported in financial statements prepared by public companies. Canadian accounting standards board (acsb) - the primary responsibility of setting. Gaap in canada and produces the cpa canada handbook. International accounting standards board (iasb) was formed to make more uniform standards and balance regulations in regards to the presentation of financial statements throughout the world. Provincial and territorial securities commissions - observe and monitor the capital marketplace to ensure that it is fair. Preliminary releases - to provide timely information for all external users.
