U9 + U10

Front

What is an Internal Audit?

Back

A review conducted by a company's own financial team or an independent firm to verify financial accuracy and prevent fraud.

Front

What does it mean to adhere to accounting standards?

Back

Each company should follow the accounting standards of the country that they operate in.

Front

What is a Capital Gains Tax?

Back

A tax imposed on the profit made from selling an asset, such as a house or stock, for more than its purchase price.

Front

What is a Tax Break?

Back

A reduction in tax owed, used to incentivize behaviors like green energy investment.

Front

What does it mean to defraud someone?

Back

Illegally take money from someone by using deceit.

Front

What is the purpose of an Internal Audit?

Back

To ensure financial accuracy and prevent fraud.

Front

Why is it important to adhere to accounting standards?

Back

To ensure consistency, transparency, and legality in financial reporting.

Front

How does Capital Gains Tax affect investors?

Back

It reduces the profit from selling investments, impacting overall returns.

Front

What are some examples of behaviors incentivized by Tax Breaks?

Back

Investing in green energy, education, or home improvements.

Front

What are the consequences of defrauding someone?

Back

Legal penalties, loss of trust, and financial restitution.