...AUDIT DELAY AND THE TIMELINESS OF CORPORATE REPORTING: MALAYSIAN EVIDENCE Raja Adzrin Raja Ahmad Khairul Anuar Bin Kamarudin Second Draft: August 2003 Please do not quotes - comments welcome ABSTRACT This paper investigates the determinants of audit delay in Malaysia. The sample comprises 100 companies listed in Kuala Lumpur Stock Exchange during the period 1996-2000. Descriptive statistics indicates the audit delay is more 100 days for the five years under study with a minimum standard deviation of 36 days. Eight hypotheses, relating audit delay to company size, industry classification, sign of income, extraordinary item, audit opinion, auditor, year-end and risk are tested in this study. Result from t-test of differences, chi-square test of independent and ordinary leas square regression (OLS) largely support the alternate hypotheses put forward except for extraordinary items and company size. The primary findings are that audit delay is significantly longer for company that (1) non-financial industry, (2) receive other that unqualified audit opinions, (3) have other than 31 December as financial year end, (4) audited by non bigfive, (5) incurred negative earnings and (6) have higher risk. It is hoped that this study, which is conducted in an economically and culturally different context from all existing studies, can contribute toward the current literature on audit delay. Correspondence Address: Raja Adzrin Raja Ahmad Faculty of Accountancy MARA...
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...IPCS Special Report 25 June 2006 LEFT EXTREMISM IN INDIA NAXAL MOVEMENT IN CHATTISGARH & ORISSA Rajat Kumar Kujur Research Scholar, JNU INTRODUCTION One of the striking features of the Naxal movement is that right from its inception it has remained a point of attention for academicians, journalists and, of course, politicians. However, for some reason or the other, contemporary research on Naxalism has so far been focused on West Bengal, Andhra Pradesh and, to some extent, Bihar, at the expense of ot her areas where the movement also has a strong presence. However, as Naxalism or the Naxal movement is a complex problem, it is necessary to look at the problem at specific levels in different regions. It is in this context a primary research on the Naxal Movement in the neighbouring states of Chattisgarh and Orissa, where the Naxal movement is placed at two different levels, is of considerable academic interest. This article is an attempt to explain the growth of the Naxal movement in the poor and underdeveloped regions of these two states. The focus of this paper is on I CHATTISGARH THE NAXAL WAR ZONE Chattisgarh, which is a part of the Dandakaranya region, has been a centre of Maoist activities since the early days of the People’s War. It was none other than the founding father of People’s War (PW), K. Seetharamaiah, who envisaged the idea...
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...Statistics Rufus Giwa Polytechnic, Owo, Ondo State Abstract This paper assesses the determinants of demand functions for import in Nigeria using variables Real Gross Domestic Product (RGDP), External Reserves (EXTR), Real Exchange Rate (REXCH), and Index of Openness (OPNS) as determinant factors. The central aim of the study is to investigate the behavior of Nigeria’s aggregate import demand and its determinant (function) and then analyse the data from the period 1970 to 2008 and based on the above objectives, proffer policy proposals based on the results obtained from the analysis, for the optional management and control of Nigeria’s import demand. All the data used for the total import. Independent variables were obtained from the Central Bank of Nigeria (CBN) year 2008 golden jubilee edition of statistical bulletin. The error correction model (ECM) approach was employed for analysis. The results reveal that the error correction model (ECM(-1)) is significant. This shows that a long run relationship exist among the quantity of import demand and its determinants over sample period of 1970 to 2008. The statistical significance of the lagged error correction model ECM(-1) suggests that the aggregate import demand adjust to correct longrun disequilibrium between itself and its function EXTR, RGDP, REXCH and OPNS. In the shortrun, Real Gross Domestic Product is the major determinant of import demand in Nigeria. Introduction The importance of international trade in the development process has...
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...| CURRICULUM VITAE MEER ARIF AL Mousomi R/A .Road:2 .House:9. Flat –c Nayabazar.Halisahar.Chittagong : +8801854492204,01716061928 e - :meerarifali212@gmail.com --------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------- CAREER OBJECTIVES To gain greater insight into the field of Human Resource Management (HRM) by way of exposure to real work atmosphere in a well established organization. Also, to seek a challenging career in the field of human resources and to share my abilities towards individual, organizational and societal benefits which will add value both to me and to the company. ------------------------------------------------- AREAS OF SPECIALIZATION * Human Resource * Marketing ------------------------------------------------- ACADEMIC QUALIFICATION Education Detail | | Exam Title | Concentration/Major | Institute Name | Result | Passing Year | Achievement | S . S. C H.S.C : BBA[FINAL SEMEST]Attempting The Term Paper | Business StudiesBusiness StudiesHUMAN RESOURCE MANAGEMENT | Postarpar boyz heigh school.ctgB.A.F sahin college Premier University,Chittagong | 4.134.003.65(CGPA) | 200620082015 | ----25% SCOLARSHIP IN 1-4SEMISTER | ------------------------------------------------- PROJECTS ( DURING GRADUATION) SUMMER INTERNSHIP PROJECT New Hire...
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...GEOSYSTEMS Geotechnical Instrumentation — Design, Manufacture, Installation, Data Acquisition, on-Line Monitoring Hydraulic Load Cell Model 4500-RT-HYDLO FEATURES • Rugged construction • Compact size • Easy to install and read • Direct load measure- ment with pressure gauge drift— suitable for long-term measurements quired able transducer. This optional feature suits situations where access to the cell is difficult. The HYDLO can accommodate small inclinations in loading. Larger misalignments should be compensated with the use of spherical seats. • Negli gible • No maintenance re- Description The Roctest model HYDLO consists of a sealed cell composed of two plates welded together around the periphery, and filled with de-aired oil. The cell is directly connected to a pressure gauge. The load applied to the cell induces an oil pressure variation, which is sensed by the gauge. The compact size of the HYDLO eases installation and allows for quick and simple readings. Two configurations of HYDLO are available. To monitor a tensile load, a hollow centre cell enables the passage of an anchor through the cell. To monitor a compressive load, a solid centre cell is used. With both of these configurations, remote pressure reading is available by connecting the cell with flexible tubing to a remote vibrating wire, electrical 420 mA, or hydraulic pressure • Remote reading avail• Not affected by eccentric loading APPLICATIONS The HYDLO Hydraulic Load Cell is designed...
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...2016 S EP HE By Jack Bishop 2 SHEEP | J ACK BISHOP Pr im ar y Br eeds M M er i n o: It is the sheep br eed, w hich r em ains popular for its quality w ool. It pr oduces a pr em ium quality fine sheep fleece, w hich is highly dem anded all over the w or ld. Lei cest er Lon g-w ool Sh eep: W ith the or igin fr om Br itain, these m edium to lar ge sized, cur ly hair sheep is know n for its quality car cass. Not only this, but it is also valued for its skin by the w eaver s. Li n col n sh eep: This sheep r em ains popular w or ldw ide and w eights betw een 260 to 350 pounds. It is popular for its lovely and finest w ool and fleece, w hich is dem anded all over the w or ld for w eaving and designing. Dor set sh eep: It belongs to the categor y of sheep that pr oduces delicious m eat. It is popular am ong the dom estic sheep far m ing and can be found easily in m ajor states of the US. The sheep has an am azing m ilk pr oducing and m eat giving ability ? it even has a faster br eeding ability. Dor per sh eep: Belonging to ar id clim atic condition, this br eed has the ability to adjust to var ying seasonal changes. It is highly popular in w ester n r egions. The body has a good com bination of hair and w ool and they var y fr om m edium to lar ge size. It pr oduces delicious m utton, w hich sells like hot cakes in the m ar ket. East Fr i esi an :This is the m ost com m on and pr oductive br eed of sheep w hich is know n for its quality m ilk in the w or ld. On aver age, it pr...
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...Instituto Tecnológico y de Estudios Superiores de Monterrey Campus Ciudad de México Primer Avance, Proyecto Final: Karen Itzel García Nava A0112492 Melissa Castilla López A00568287 Análisis de la Información Financiera (04) Susana González 27 de marzo de 2014 1. Datos generales de las empresas: I. Índice II. Resumen ejecutivo III. Desempeño del Sector IV. Descripción de la Compañía V. Estrategia de la empresa 2. Análisis de reportes financieros anuales (20012, 2013), notas a los estados financieros, informes de los órganos de gobierno corporativo Reporte anual 2011 Durante el 2011 las ventas de la empresa Walmart ascendieron a 329,690 millones de peso, esto representa un crecimiento del 11.5%, el flujo operativo fue de 34,514 millones de pesos como resultado de eficiencias operativas y logísticas. La empresa tuvo una generación de efectivo durante el año de 41,142 millones de pesos, la cual fue utilizada para el financiamiento de: * La inversión en activos fijos por 18,352 millones de pesos * El pago de dividendos por 9,659 millones de pesos * La recompra de acciones por 3,455 millones de pesos * El pago de impuestos por 8,878 millones de pesos Reporte anual 2012 En el año de 2012, la empresa Walmart logró recaudar una gran cantidad de efectivo ya que se consiguió obtener un balance sin deudas y requerimientos de capital negativo. Durante este año, la recaudación de efectivo fue de 41,714 millones de pesos los cuales fueron...
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...reverse discrimination, when whites are discriminated against and minorities are being discriminated for, doesn't make it right. Affirmative action legalizes discrimination (Steele 1990, 39). "I thought discrimination was illegal in this country (Buchanan 1995, 1)." Also, if this discrimination continues racism in the United States may become worse. Imagine what you would feel like if you couldn't get a job just because you are a white man and not a hispanic man. The racism will become worse because of it, and that is the very thing it is trying to prevent. It is possible that because of affirmative action, racism will grow and continue to grow until we history repeats itself and we end up living under Jim Crow laws again. That is an extr! eme possibility to end up under Jim Crow laws again, but it is a definite possibility to end up somewhere close to Jim Crow laws again. In addition to that, people say affirmative action is ok because it cures past discrimination (Keyes 1996, 1). Discrimination wasn't ok when blacks were the ones getting the short end of the stick. Therefore it's not ok when whites are discriminated against (DeWit 1996, 1). Two wrongs don't make a right. Therefore, affirmative...
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...TATA & CORUS: A Case of Acquisition “There are not many opportunities for producers in emerging low-cost markets to gain access to the markets of Europe other than by acquiring a company like Corus,” John Quigley (Editor, Industry Publication Steel week) Thousands of Indians didn’t offer prayers for Tata Steel to clinch the deal for the AngloDutch steel maker Corus, as they have for the recovery of hospitalized Bollywood superstars. Nor did they erect 40-foot billboards of a smiling Ratan Tata, chairman of Tata Steel, after he won Corus. And the stock markets were clearly concerned about the Tata Steel’s new debt load. But despite all this, euphoria gripped the nation. Finance minister P. Chidambaram offered unspecified help, if needed, to close the deal; fellow steel magnate Lakshmi Niwas Mittal cheered the acquisition, and excited TV newsreaders gushed. India’s first Fortune 500 MNC was born. Tata acquired Corus, which is four times larger than its size and the largest steel producer in the U.K. The deal, which creates the world's fifth-largest steelmaker, is India's largest ever foreign takeover and follows Mittal Steel's $31 billion acquisition of rival Arcelor in the same year. Over the past five years, Indian companies had made global acquisitions for over $10 billion. The Tata bid almost equals this amount. Most of them have averaged $100 to 200 million. "It is a two-way street now," Kamal Nath (Commerce Minister, India) said. "Not only India is seeking foreign...
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...TATA & CORUS: A Case of Acquisition “There are not many opportunities for producers in emerging low-cost markets to gain access to the markets of Europe other than by acquiring a company like Corus,” John Quigley (Editor, Industry Publication Steel week) Thousands of Indians didn’t offer prayers for Tata Steel to clinch the deal for the AngloDutch steel maker Corus, as they have for the recovery of hospitalized Bollywood superstars. Nor did they erect 40-foot billboards of a smiling Ratan Tata, chairman of Tata Steel, after he won Corus. And the stock markets were clearly concerned about the Tata Steel’s new debt load. But despite all this, euphoria gripped the nation. Finance minister P. Chidambaram offered unspecified help, if needed, to close the deal; fellow steel magnate Lakshmi Niwas Mittal cheered the acquisition, and excited TV newsreaders gushed. India’s first Fortune 500 MNC was born. Tata acquired Corus, which is four times larger than its size and the largest steel producer in the U.K. The deal, which creates the world's fifth-largest steelmaker, is India's largest ever foreign takeover and follows Mittal Steel's $31 billion acquisition of rival Arcelor in the same year. Over the past five years, Indian companies had made global acquisitions for over $10 billion. The Tata bid almost equals this amount. Most of them have averaged $100 to 200 million. "It is a two-way street now," Kamal Nath (Commerce Minister, India) said. "Not only India is seeking foreign...
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...Tata - Corus –A case of Acquisition Submitted To: Dr.R.Sahu By : Jitesh Maharwal(2004 IPG 29 ) Nikhil Garg(2004 IPG 44) Harendra Singh(2004 IPG 83) Sunny Tyagi(2004 IPG 83) Contents TATA & CORUS: A Case of Acquisition .......................................................................... 3 Steel Industry Background .............................................................................................. 6 Tata and Indian Steel Industry ........................................................................................ 9 SWOT Analysis: ....................................................................................................... 11 Global Steel Industry .................................................................................................... 12 Competition: US, Europe and Emerging Markets ........................................................ 12 Corus and Steel Production in the U.K ......................................................................... 13 Restoring Success ..................................................................................................... 14 SWOT Analysis: ....................................................................................................... 14 The Deal ........................................................................................................................ 16 Structuring and Pricing a deal .............................................................................
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...ВВЕДЕНИЕ Метод Лагранжа базируется на нескольких ключевых идеях. Одна из них состоит в том, как искать минимумы и максимумы функции, если на функцию заданы некоторые ограничения. Этот приём носит название «метод множителей Лагранжа» Данная тема актуальна в современном мире, так как метод множителей Лагранжа применяется при решении задач нелинейного программирования, возникающих во многих областях (например, в экономике). Важное место в математическом аппарате экономики занимают оптимальные задачи – задачи, которых ищется наилучшее в определенном смысле решение. В экономической практике требуется использовать имеющиеся ресурс наиболее выгодным образом. В экономической теории одним из отправных пунктов является постулат о том, что каждый экономический субъект, имея определенную свободу выбора своего поведения, отыскивает наилучший, со своей точки зрения, вариант. И оптимизационные задачи служат средством описания поведения экономических субъектов, инструментом исследования закономерностей этого поведения. ТЕОРЕТИЧЕСКИЕ СВЕДЕНИЯ Понятие условного экстремума Пусть на открытом множестве заданы функции (1) . Обозначим через множество точек , в которых все функции , обращаются в нуль: (2) Уравнения (3) называются уравнениями связи. Определение 1. Пусть на задана функция . Точка называется точкой условного экстремума функции относительно (или при выполнении) уравнения связи (3), если она является точкой обычного экстремума этой функции, рассматриваемой...
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...Financial Analysis Financial Statement Analysis On AT&T, Inc. Financial Management Financial Analysis on AT&T, Inc. This report has been intended to analyze and evaluate AT&T’S financial performance by looking at its most recent financial statements. AT&T is a company that provides telecommunication services to a large number of customers, businesses and other services providers worldwide. The company was first known as SBC communication Inc. but it changed its name in 2005 due to the merger with AT&T Corp. It was formed in 1983 and its headquarter is currently located in Dallas, Texas. A variety of products and services are offered by this company. Here is a brief description of its services—wireless voice communication services, including local wireless communications service, long-distance service, and roaming services. This company also sells various handsets, wirelessly enabled computers, and personal computer wireless data cards; and accessories comprising carrying cases, hands-free devices, batteries, and other items. The company manages its sales through its own stores, through agents and through third party retail stores. Furthermore, this company also offers Internet access and network integration for local, interstate, and international wholesale networking. The information presented in this report such as financial statements, general information, stocks, industry ratios and others is based on Thomson one website. According to...
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...Chapter #6 lab Body Mass Index Equipment 1. Weight scale 2. Tape measure or other means of measuring height | Instructions Measure your height and weight, and record the results. Be sure to record the unit of measurement. ------------------------------------------------- Top of Form Height: (in) Weight: (lb) Calculating BMI (see also the shortcut chart of BMI values in Lab 6.2) 1. Convert your body weight to kilograms by dividing your weight in pounds by 2.2. Body weight lb / 2.2 lb/kg = body weight kg 2. Convert your height measurement to meters by multiplying your height in inches by 0.0254. Height in. x 0.0254 m/in. = height m 3. Square your height measurement. Height m x height m = height m 2 4. BMI equals body weight in kilograms divided by height in meters squared (kg/m 2). Body weight (from step 1) kg / height (from step 3) m 2 = BMI kg/m 2 | Rating Your BMI Refer to the table for a rating of your BMI. Record the results below and on the final page of this lab. Classification | BMI (kg/m2) | Underweight | <18.5 | Normal | 18.5--24.9 | Overweight | 25.0--29.9 | Obesity (I) | 30.0--34.9 | Obesity (II) | 35.0--39.9 | Extreme obesity (III) | >40.0 | (See complete version of table on p. 184 for additional information.) BMI kg/m2 Classification (from table) Bottom of Form Skinfold Measurements Equipment 1. Skinfold calipers 2. Partner to take measurements 3. Marking pen (optional) Instructions 1. Select and...
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...Educational material supplied by The Case Centre Copyright encoded A76HM-JUJ9K-PJMN9I illycaffè: Value Creation through Responsible Supplier Relationships Francesco Perrini and Angeloantonio Russo SDA Bocconi Francesco Perrini and Angeloantonio Russo prepared this case study, as a basis for class discussion rather than to illustrate either effective or ineffective handling of a business situation. Copyright © 2007 SDA Bocconi University and EABIS. No part of this publication may be reproduced, stored in a retrieval system, used in a spreadsheet, or transmitted in any form or by any means – electronic, mechanical, photocopying, recording or otherwise – without the express permission of SDA Bocconi University and EABIS. About the Project This case was written as part of a project on “Curriculum Development for Mainstreaming Corporate Responsibility,” coordinated by INSEAD and London Business School and supported by the European Academy of Business in Society (EABIS). The project aims to develop degree and executive programme designs and teaching materials that will assist the process of mainstreaming the area of corporate responsibility into core disciplines in management education and increasing its inter-disciplinarity. Within this context, EABIS members from across Europe have been invited through an open call to submit case proposals with the intention of developing a range of cases across a number of subject areas for use by mainstream faculty. The open...
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