According to IFAC,which of the Following Is Not One of the Elements

question 44

Multiple Choice

According to IFAC,which of the following is not one of the elements of quality control?

• A)Relevant ethical requirements.
• B)Monitoring.
• C)Acceptance and continuance of client relationships.
• D)Due professional care.

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Definitions:

Stripped Common Shares

Common shares from which certain rights have been removed, typically dividends or voting rights, often used in structured finance transactions.

Residual Dividend Approach

A method where the firm pays dividends from the residual or leftover equity after paying for all capital expenditures and working capital needs.

Debt/Equity Ratio

A financial ratio that measures the relative proportion of shareholders’ equity and debt used to finance a company’s assets.

Capital Investment

Funds invested in a firm or enterprise for the purpose of furthering its business objectives, including acquiring assets and launching new ventures.