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The Financial Action Task Force (FATF), an inter-governmental body that sets anti-money laundering standards, has removed offshore tax haven Cayman Islands from its ‘grey list’. Besides Cayman, Panama, Jordan, and Albania have been removed from the list, which requires jurisdictions to be placed under increased monitoring until the identified deficiencies are resolved in their framework. Such steps are taken to ensure that countries strengthen their anti-money laundering (AML), counter terrorism financing (CFT) and proliferation of financing systems.
Which of the following is not covered under Financial Services?
Which of the following are an auditor’s objectives with regard to verification of assets?
(i) Assets exist
(ii) Assets belong to the c...
What is the safety margin that insurers must maintain to safeguard the interests of policyholders called?
UPI stands for ________.
NOI approach advocates that the degree of debt financing is:
Price risk is the risk of a decline in the value of a security or a portfolio. How can one transfer price risk?
As per the Companies Act, 2013, the audit committee shall have powers:
(i) to investigate any activity within its terms of reference
(ii) ...
Sensitivity Analysis is useful in decision making because __________.
An uncovered cost at the start of a year is Rs. 20,000. Full cash flow during the recovery year is Rs. 40,000, and years prior to full recovery are 3. T...
Which Statement on Auditing (SA) provides guidance on the overall objectives of the independent auditor and the conduct of an audit in accordance with ...