(Although most death benefits are paid at termination of life, certain plans now pay accelerated death benefits while the insured is still alive, i.e.: an AIDS patient might possibly receive accelerated death benefit) General provides that payments to the annuitant be postponed until a number of periods have elapsed.This exists when a control necessary to meet the control objective is missing or an existing control is not properly designed so that even if the control operates as designed, the control objective is not always met.

liquidating subsidiary ordinary or capital-36

An event that might happen but that is not likely or planned. Portion of a business entity expected to remain active.

Educational programs for CERTIFIED PUBLIC ACCOUNTANTS (CPAs) to keep informed on changes that occur within the profession.

(2) Requirement found in ethical codes that the person governed by the ethical rules exercise professional care in conducting his or her activities.

Auction system in which the price of an item is gradually lowered until it meets a responsive bid and is sold.

Payors of interest, dividends and other reportable payments must withhold income tax equal at a rate equal to the fourth lowest rate applicable to single filers if they fail to supply a federal id # or if they fail to certify that they are not subject to it.

All or portion of an ACCOUNT, loan, or note receivable considered to be uncollectible. State laws that regulate the ISSUANCE of SECURITIES. Individuals responsible for overseeing the affairs of an entity, including the election of its officers.

Executive officer who is responsible for handling funds, signing CHECKS, keeping financial records, and financial planning for a analysis and retirement planning.

CFPs are certified after completing a series of requirements that include education, experience, ethics and an exam.

CFPs are not regulated by a governmental authority.

Internal who has satisfied the education, experience, and examination requirements of his or her jurisdiction necessary to be certified as a public accountant.

Substantive tests of financial information which examine relationships among data as a means of obtaining evidence.