Accounting

When good cost accounting procedures are ....., the company may find out that they have been producing a non-profitable product or service.

Disadvantages include lack of features, paying for ..... features, and risk of vendor availability.

The rules must be susceptible to ..... by taxpayers and control and enforcement by tax authorities.

Tax laws reflect general principles of taxation, such as non-discrimination or taxation according to economic capacity, but also ..... such as availability of funds for payment of the liability and long-term profitability.

Our efforts, at both a domestic and international level, consistently have been based on the view that the only way to achieve fair, liquid and efficient capital markets worldwide is by providing investors with information that is ....., transparent and reliable.

Over the last two decades, the global financial ..... has undergone a significant transformation.

Our efforts to develop a global financial reporting structure have been guided by the ..... principle underlying our system of regulation - pursuing our mandate of investor protection by promoting informed investment decisions through full and fair disclosure.

In 1988, we issued a policy statement that noted that all securities regulators should work together ....., to create sound international regulatory systems that will enhance the vitality of capital markets.

Audit firms should have a responsibility to ..... to the highest quality auditing practices, on a world-wide basis, to ensure that they are performing effective audits of global companies participating in the international capital markets.

In the case of market orders in the active bonds, whose prices are reported on the right side of the quotation board, the broker after noting the latest price on the board, goes directly to the bond ..... and effects a sale at the most favorable bid or asked price he can obtain.