EDNA Vlog

They are the independent audit watchdog who are responsible for overseeing the audits of public companies and SEC-registered brokers and dealers. I’m talking about the P-C-A-O-B. Their inspections and associated inspection reports bring angst to audit engagement teams everywhere. In Episode #7 of GAAP Chats, hosts Mike Walworth and Chris Brundrett dig into the PCAOB, the self-proclaimed independent audit watchdog, and reveal insights from their review of the 2021 PCAOB inspection reports for the annually inspected firms.

This video will teach you the critical differences between day trading and swing trading. #daytrading #swingtrading #wallstreetmojo #daytradingvsswingtrading #trader Chapters: 00:00 – Introduction 00:39 – What is day trading? 01:26 – What is swing trading? 02:02 – Key differences 03:43 – Conclusion What is day trading? In day trading, traders would buy and sell financial assets within the same day. It allows traders to do away with any overnight risk, as no trades are held for more than a day. There can be a lot of information flow or sentiment changes that fluctuate prices throughout the day. As a result, day traders may use technical, fundamental, or quantitative analysis to take trades. What is swing trading? In swing trading, traders hold their trades for more than a day, and they usually close the positions within a couple of days or even weeks. These traders will also use technical, fundamental, or quantitative analysis. The only difference is that their trades will take longer to play out according to their plan. Key differences Day traders close their trades on the same day. Swing traders hold their trades longer. Day traders do not have any overnight risk. On the other hand, swing traders will be exposed to overnight risks. Day traders trade on smaller timeframes like the 5, 15, and 30-minute ones, and swing traders use larger timeframes like the hourly, 4-hourly, and even daily timeframes. Day traders look to capitalize on quick price moves. Hence they spend a lot of time in front of their trading terminal. Swing traders don’t spend much time analyzing stuff and don’t have to be very quick with their activities. (Explained in detail in the video) This was all about day trading vs swing trading. Subscribe to the channel, like the video, and share it with others. ========================================================================== Subscribe to Our Channel – Youtube ► https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1 LinkedIn ► https://www.linkedin.com/company/wallstreetmojo/ Facebook ► https://www.facebook.com/wallstreetmojo Instagram ► https://www.instagram.com/wallstreetmojoofficial/ Twitter ► https://twitter.com/wallstreetmojo

After identifying the significant accounts, transactions, and assertions for the payroll cycle, the auditor should assess the risk of material misstatement. The risk of material misstatement is a function of both inherent risk and control risk. Risk of Material Misstatement = Inherent Risk × Control Risk Inherent risk is the risk a material misstatement will occur in the absence of internal controls. Inherent risk is high for payroll accounts and transactions when: • The company has significant amounts of executive compensation • The company has significant amounts of share-based compensation • The company has high employee turnover • The company has labor contracts with unions Control risk is the risk a material misstatement would not be prevented or detected by the client’s internal controls. Assuming the auditor plans to rely on the client’s internal controls, there are 3 steps for setting control risk: 1. Understand and document the internal control process 2. Plan and perform tests of controls on payroll transactions 3. Set the achieved level of control risk Once the auditor knows both the inherent risk and the control risk for payroll transactions, the auditor can determine the risk of material misstatement (RMM), which is the risk that a material misstatement will occur and not be prevented or detected by the client’s internal controls. You could also think of RMM as the risk that a material misstatement exists prior to the auditors doing their work. A high RMM means the auditors will need to set detection risk lower to achieve an acceptable level of audit risk. Audit Risk = Risk of Material Misstatement × Detection Risk 0:00 Introduction 0:32 Inherent risk 3:06 Control risk 6:35 Risk of material misstatement 7:52 Detection risk 8:10 PDF guide — Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world. — SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING • A 44-PAGE GUIDE TO U.S. TAXATION • A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS • MANY MORE FREE PDF GUIDES AND SPREADSHEETS * http://eepurl.com/dIaa5z — SUPPORT EDSPIRA ON PATREON *https://www.patreon.com/prof_mclaughlin — GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725 * Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc * Website: https://www.edspira.com/podcast-2/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/ * https://michaelmclaughlin.com

In the aftermath of massive layoffs that began late last year and continue to this day, CEOs at some of the largest companies are taking pay cuts for 2023. Good. It’s only fair, but are they doing it out of fairness and empathy, or is there something else at play? In this episode, Mike and Chris take on executive pay and the executive compensation provisions within the Dodd-Frank Act, two of which were recently implemented by the SEC.

In this video, you will learn about day trading strategies, rules, and how to become a day trader. #daytrading #tradingstrategies #wallstreetmojo #patterndaytrader #daytrader Chapters: 00:00 – Introduction 00:34 – Day trading strategies 02:42 – Day trading rules 03:56 – How to start day trading? 05:10 – Conclusion Day trading strategies Scalping Range trading News based trading High-frequency trading (Explained in detail in the video) Day trading rules The Financial Industry Regulation Authority has set some rules for day traders. The rules state that pattern day traders need at least $25,000 in their trading account if they want to trade. There is something known as the margin, the amount you can use to trade. So, you need to have $25,000 in your account, and you can use any amount above that to trade. Then there’s something known as Day Trading Buy Power, which is the total amount you get to trade with. DTBP is 4 times the margin amount. (Explained in detail in the video) How to start day trading? Learn the basics Have enough capital Test your knowledge Build your trading plan Optimize trading costs Trade on a demo account Start trading with small capital and increase gradually This was all about day trading. Subscribe to the channel, like the video, and share it with others. ========================================================================== Subscribe to Our Channel – Youtube ► https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1 LinkedIn ► https://www.linkedin.com/company/wallstreetmojo/ Facebook ► https://www.facebook.com/wallstreetmojo Instagram ► https://www.instagram.com/wallstreetmojoofficial/ Twitter ► https://twitter.com/wallstreetmojo

Have you ever wondered why investors and analysts focus so much on earnings per share and not as much on net income? It's because companies can have very different amounts of common shares outstanding. Thus, investors don't just want to see a company's net income, they want to see its net income attributable to each common share of stock. If you have two companies that both have $20 million of net income and zero preferred dividends, but one company has 1 million common shares outstanding while the other company has 20 million shares outstanding, the first company will have earnings per share of $20 ($20m / 1m) compared to earnings per share of just $1 ($20m / 20m) for the other company. If you own a single share of each company, your "share" of the profits from the one company is $20 compared to just $1 for the other company, even though both companies have the same total net income. 0:00 Introduction 0:44 Example with fictional companies 2:06 Example with Procter & Gamble and Kimberly-Clark — Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world. — SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING • A 44-PAGE GUIDE TO U.S. TAXATION • A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS • MANY MORE FREE PDF GUIDES AND SPREADSHEETS * http://eepurl.com/dIaa5z — SUPPORT EDSPIRA ON PATREON *https://www.patreon.com/prof_mclaughlin — GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725 * Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc * Website: https://www.edspira.com/podcast-2/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/ * https://michaelmclaughlin.com

#shorts #auctionmarket #buyersandsellers #wallstreetmojo What is the Auction market? | MUST WATCH | WALLSTREETMOJO What is an auction market? You might know an auction market where a seller keeps something for auction to which buyers put in their bids. Whoever has the highest bid gets to buy it. To know more about it, check out our Youtube video. https://youtu.be/75wO8Sazc58 ========================================================================== Subscribe to Our Channel – Youtube ► https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1 LinkedIn ► https://www.linkedin.com/company/wallstreetmojo/ Facebook ► https://www.facebook.com/wallstreetmojo Instagram ► https://www.instagram.com/wallstreetmojoofficial/ Twitter ► https://twitter.com/wallstreetmojo

In Episode #5 of GAAP Chats, hosts Mike Walworth and Chris Brundrett welcome their first guest – Vicky Hale, Chief Learning Officer of GAAP Dynamics – to talk about current learning and development (L&D) trends for CPA firms.