Prior to beginning work on this discussion forum, read Chapters 9 and 10 of the text and review the S. Securities and Exchange Commission (Links to an external site.) website.
Write: Make sure your response addressing the following questions is more than 200 words and that you include a brief paraphrase or direct quote from the reading material where appropriate. Include proper in-text citations for each paraphrase or direct quote as shown in the UAGC Writing Center’s Citing Within Your Paper (Links to an external site.) guide.
Many companies make annual reports available on their corporate website, often under an Investors tab. Annual reports also can be accessed through the SEC’s EDGAR system at U.S. Securities and Exchange Commission (Links to an external site.) (under Filings, click “Company Filings Search,” type in Company Name, and under Filing Type, search for “10-K.”).
Access the most recent annual report for a U.S.-based multinational company of your choice and respond to the following items:
Identify the location(s) in the annual report that provides disclosures related to the translation of foreign currency financial statements and foreign currency hedging.
Determine whether the company’s foreign operations have a predominant functional currency.
Determine the amount of re-measurement gain or loss, if any, reported in net income in each of the three most recent years.
Determine the amount of translation adjustment, if any, reported in other comprehensive income in each of the three most recent years. Explain the sign (positive or negative) of the translation adjustment in each of the three most recent years.
Determine whether the company hedges net investments in foreign operations. If so, determine the type(s) of hedging instrument used.
crises and cases of obstruction and collapses of several companies in the various countries of the world. This lead to the necessity of the activation of control in the companies managements by the implementation of the corporate governance concept therein. Consequently, the function of internal audit entered into new phases of development in order to contribute in preventing the financial violations and transgressions until the occurrence of any future crises or collapses is avoided. Today, internal audit evolved into being considered as one of the most significant parties participating in the companies governance. This thesis is aimed at shedding light upon the role that may be played by internal audit in the Libyan industrial companies enlisted in the Libyan stock market in order to propose the implementation of corporate governance as a key to their future development. With the intention of realizing the objective of the study, the main following hypothesis has been formulated: The function of internal auditing in the Libyan industrial companies may contribute in activating the implementation of companies governance. Based on the defined hypothesis, this thesis has been divided into three main chapters, where the first chapter considers the general framework of the study and second chapter treats the theoretical framework of the study, involving two parts; the first part is the framework of the notions of companies governance and the second part is the analysis of internal audit from the aspect of corporate governance. But third chapter has treated the research study involving the general framework of the methodology followed therein by analyzing the data obtained through the questionnaire forms distributed to the respondents. They included managers of the financial administrations, heads of financial departments, directors of the offices of internal auditing and internal auditors of the Libyan industrial companies enlisted in the stock markets. The statistical tests have been made for the study hypotheses in order to gather study results. Based on the results, we have presented the main conclusions and proposed recommendations in this concern. The following are among the most significant results attained by the author of the thesis:>GET ANSWER