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Attracting, retaining, and motivating talent in today’s competitive job market is a very crucial aspect of managing a company’s human resources. To address these challenges, the Employee Retirement Income Security Act (ERISA) establishes standards for health, retirement, and other welfare benefit plans in order to protect both employees and employers. Among these plans, one that
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Do you know how investors grow their wealth through investments? It might seem tricky, but it’s actually quite simple! Investors allocate their money to financial products that offer potential returns over time. So, what are the options? There are various financial assets like equities, debt instruments, and government bonds. Investors build a portfolio by investing
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The new requirement for auditors to report critical audit matters (CAMs) is the most significant change to the auditor’s report by the Public Company Accounting Oversight Board (PCAOB) in the United States via its new standard AS 3101. The determination of CAMs is principles-based and depends on the facts and circumstances of each audit. To
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Audit services play a crucial role in ensuring the accuracy and reliability of a company’s financial statements and processes. By providing an impartial evaluation of financial records and systems, audit services help maintain transparency and compliance with regulations. From financial and compliance audits to operational and system security assessments, these services cater to diverse business
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All types of broker-dealers (“BD”) face a standard requirement, namely the concept of regulatory net capital; however, depending on the type of business involved in BD, the threshold may vary significantly. Generally, BD can be divided into two categories: those that “carry customer accounts” and those that “do not carry customer accounts.” The term “carry
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Introduction The Foreign Exchange Management Act (FEMA) is the critical piece of legislation in India, regulating foreign exchange transactions, investments, and payments. It encompasses various aspects of international financial dealings, including the requirement for companies to submit a mandatory Annual Performance Report (APR). It was introduced in 1999 to replace the previous Foreign Exchange Regulation
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Broker-dealers in the United States are an integral part of the market. They act as intermediaries that bring buyers and sellers together in the market. The broker-dealer has many financial responsibilities, ranging from ensuring integrity in transactions to protecting client assets. Their role is highly regulated to ensure adequate stability within the markets, the protection
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Broker-Dealer Industry There are approximately 3,400 brokers and dealers (“broker-dealers”) registered with the U.S. Securities and Exchange Commission (SEC). These broker-dealers are required to submit their annual reports to the SEC, which must include their financial statements and supporting schedules, along with audit reports prepared by PCAOB-registered public accounting firms. Role of PCAOB The PCAOB
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Exploring the financial world can feel a bit overwhelming, especially with the various forms and filings that regulatory agencies require. The U.S. Securities and Exchange Commission (SEC) is one of the key agencies that ensure transparency and fairness in the securities markets. A solid understanding of these different SEC forms is crucial for investors and
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An audit involves an independent examination of an organization’s financial information by an auditor to form an opinion on the financial statement. A Financial statements a record of an organization’s financial information. It includes a balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and related notes comprising a
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