Insider trading of securities means buying and selling of company’s securities or other types of securities on the basis of price sensitive information that is not generally available to general investors. It includes procuring or inducing another person to buy or sell securities about which insider information is known. Insider trading of securities is improper …

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Basic accounting assumptions is a set of standars of rules based on Generally accepted Accounting principles (GAAP). Accounting principles and assumptions are the essential guidelines under which businesses prepare their financial statements. Basic accounting assumptions provide a foundation for recording the transactions and preparing the financial statements for an entity. Assumptions provide the fundation for …

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Audit risk is defined as the risk that the auditor expresses an inappropriate audit opinion at the time of rendering audit services when the financial statements are materially misstated. Audit risk is the risk that an auditor will fail to modify his or her opinion when the financial statements contain a material misstatement. The overall …

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Employee training has become increasingly important as jobs have become much more sophisticated and influenced by technological and corporate exposure changes as well. The objective of employee training is to enable and acquire the knowledge, skills, abilities and attitudes necessary to enable them to improve their on the job performance. Employee training should focus on …

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  Financial ratios express a mathematical relationship between two quantities and they can appear in the form of Percentage, Rate and Proportion. Financial ratio utilizes ratios and relationships between various financial statement accounts as analytical tools to compare operational, financial, and investing performance of companies over time. Liquidity ratio indicates whether a firm is able …

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