...Music censorship began its journey in the early 1950’s with the “controversial” music of Blacks during the time period. It has then evolved from a form of racism to a method of suppression. It touches all major genres, but is most commonly issues with both rap and rock music. Major groups such as the Record Industry Association of America (RIAA) have been formed to try and monitor the lyrical messages that are expressed in songs. The RIAA is not out to completely censor music, but to advise buyers of the messages they may be listening to on a certain album. Then there is the party that feels censorship at any level shall not be present. It is suppressing one’s First Amendment rights in freedom of expression and also suppresses an artist abilities to fully paint a vivid picture with their lyrics to the audience. The last group believes that censorship is a must, and that any songs that carry the censored material shall be taken off of the shelves. That specific group believes that contaminating society with explicit lyrics should not reward artists. The side that believes censorship of music should not exist at all states that music is a form of art. Many tend to separate music from forms of art, such as paintings and poetry. However, the lyrics in the music are an art form as well, and they cannot restrict that due in part to the First Amendment. It is part of our Bill of Rights as American citizens, and no governing powers can take that away from us. Also, society favors contemporary...
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...with Jay Treaty and The Hague Peace Conferences and the Permanent Court of Arbitration (PCA) in 1899. (http://www.icj-cij.org) According to EBSCO (2010); “the court was empowered to render judgments in disputes between states that were voluntarily submitted to it and to give advisory opinions in any matters referred to it by the Council or the Assembly of the League.” The Court contains fifteen judges nominated by the General Assembly and the Security Council and they serve a period of nine years but can be reelected each judge should be from a different state. Nine of those judges represent a quorum. The ICJ is able to make its own rules. Cases can be brought before the ICJ by all members of the UN. A special agreement is required by the two parties or one party can only send a written application to the registrar. After that, The ICJ can choose to hear witnesses or to hire investigators to report back on the case. (International Court of Justice, 2002) The only resemblance I can find between the International Court of Justice and any US court is the fact that they are both based on evidence and are based on disputes and negotiates by using justice and legal procedures to resolve cases. An advisory opinion is a request by a party to a court in order to legalize a proposed legislation or conduct and it is usually issued in the absence of the...
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...or business might find themselves lost in the constant overflow of information and the opinions of millions of people collaborating amongst each other. The right path to follow financially is unique to every single individual and business client. Toro Financial Group is a financial services group that provides professional financial advice and leadership to consumers and businesses. The mission of Toro Financial is to provide the utmost professional advice big or small, but at the same time fulfilling the unique needs of consumers and business clients making it easy to understand. Ensuring the valuable advice is sustainable throughout time will help ensure a strong foundation for future generations to come. Some of the products that Toro Financial offers range from 401(k) plans and mutual funds all the way to life insurance and wealth management solutions. The company offers a range of services including advisory services as well as around the clock customer service for account inquiries and statements. The firm also has a web-based system that offers a custom advisory wizard that pinpoints the needs of our clients through a series of questions that reveals their financial snapshot. With over 80 years of history, Toro Financial has already laid the rock hard foundation of trust with clients holding accounts well over 40 to 50 years in time passing it down from generation to generation with our trust and estate planning solutions. The “strategic management of the company sets...
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...UBS AG is a Swiss global financial services company that is headquartered in Basel and Zürich, Switzerland. The company provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland. The name UBS was originally an abbreviation for the Union Bank of Switzerland, but it ceased to be a representational abbreviation after the bank's 1998 merger with Swiss Bank Corporation.[3] The company traces its origins to 1856, when the earliest of its predecessor banks was founded. UBS is the biggest bank in Switzerland, operating in more than 50 countries with about 63,500 employees globally, as of 2012.[4] It is considered the world's largest manager of private wealth assets; with over CHF2.2 trillion in invested assets,[5] a leading provider of retail banking and commercial banking services in Switzerland. According to the Scorpio Partnership Global Private Banking Benchmark 2013, UBS had assets under management (AuM) of US$1,705.0 billion, representing a 9.7% increase in AuM versus 2012. UBS suffered among the largest losses of any European bank during the subprime mortgage crisis and the bank was required to raise large amounts of outside capital. In 2007, the bank received a large capital injection from the Government of Singapore Investment Corporation, which remains one of the bank's largest shareholders.[6][7] The bank also received capital from the Swiss government[8]...
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...ADVANTAGES TO BUSINESS Advantages of audit for the business are: 1. Satisfaction of Owner It is because of audit that the owner will be satisfied about the business operations and working of its various departments. 2. Detection and Prevention of Errors The errors whether committed innocently or deliberately are discovered by the process of audit and its presence prevents their occurrence in the future. No one will try to commit an error or fraud as the accounts are subject to audit and hence they will have a fear of being detected. 3. Verification of Books Another advantage of audit is the verification. of the books of accounts, which helps in maintaining the records up to date at all times. 4. Independent Opinion Auditing is very useful in obtaining the independent opinion of the auditor about business condition. If the accounts are audited by an independent auditor, the report of the auditor will be true and fair in all respects and it will be of extreme importance for the management of the company. 5. Detection and Prevention of Frauds Just like errors, frauds are discovered by audit and its presence minimizes future possibility if not eliminated totally. 6. Moral Check The process of audit will establish a check on the minds of the staff working in the business and they will not be able to commit any irregularity, as they will have a fear and will also be aware that the accounts will be examined in the near...
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...Allgemeine Treuhand AG" (ATAG) – a name which shaped the Swiss auditing and advisory services industry throughout the 20th century * In 1945, Basler Handelsbank was taken over by Swiss Corporation and the former Chairman of the ATAG board, Dr. Manfred Hoessly, succeeded in acquiring the majority of the company's shares, thus enabling ATAG to build its reputation as an independent auditing company * In 1960, ATAG decided to join forces with global auditors Arthur Young & Company, New York, and set up a company specializing in the auditing of US companies in Switzerland * In 1964, ATAG became a member of the “Arthur Young & Company International” corporate group (includes the Swiss know-how as well that contributes to the growth and development of the company) * In 1989, Arthur Young International and Ernst & Whinney International merged to create EY, renamed “ATAG EY AG” in 1991 and in 2000, “EY AG” * In 2008, the next major step in the firm’s international integration is when EY Switzerland combined with 90 country practices from Europe, the Middle East, India and Africa to form EMEIA. * At the international level the history of EY STARTED with the two Company founders, Arthur Young and Alwin C. Ernst. Their services EY has four main service lines and share of revenues in 2014: * Assurance (41%): comprise Financial Audit (core assurance), Financial Accounting, Advisory Services, Fraud Investigation & Dispute Services, and Climate Change...
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...Tata Sons Limited. The Company is registered with the Reserve Bank of India as a Systemically Important Non Deposit Accepting Core Investment Company and offers through itself and its subsidiaries fund and fee-based financial services to its customers. Headquartered in Mumbai, it has registered offices of its subsidiaries in Singapore and London. It is a trusted and customer-centric, one-stop financial solutions partner. It caters to the diverse needs of retail, corporate and institutional customers directly or through its subsidiaries. Core Value: ‘We only do what’s right for you’ (“Karein Wahi Jo Aapke Liye Sahi”) The Tatas are amongst the most respected business houses in the world. Tata Capital aims to bring the trust and expertise of the Tatas to an economically and socially relevant sector like financial services. The essence of brand Tata Capital is encapsulated in our brand proposition – ‘We only do what’s right for you'. The proposition reflects our strong resolve to deliver financial solutions that are ‘right’ for our customers and the society at large. Tata Capital seeks to build strong relationships with its customers and deliver superior and consistent customer experience across all products and touch-points. Vision The most admired financial solutions partner. Mission We will only do what’s right for all our stakeholders, including our employees, customers and society at large. Culture Know Knowledge: It is what empowers us to make a difference...
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...audit reports. The PCAOB aims to improve audit quality, reduce the risks of auditing failures in the U.S. public securities market and promote public trust in both the financial reporting process and auditing profession. (PCAOB, 2012). During this case study I will justify how the reporting requirements of the PCAOB reduce the chance of financial fraud, illustrate the responsibilities of an auditing firm to detect fraud during the audit process, recommend alternatives to the PCAOB, and lastly prepare a sample timeline for PCAOB reporting. How the reporting requirements of the PCAOB reduce the chance of financial fraud: PCAOB necessitate senior financial managers to enforce a code of conduct (Advisory Report, 2003). The purpose of the code of conduct is to encourage honesty and ethical conduct, compliance to relevant regulations, and also promote full, accurate and timely disclosure in financial reports. As a result, the PCAOB reduces chances of financial fraud by ensuring management practices proper conduct in financial reporting and are also required to certify that financial reports do not have omissions and misstatements. The PCAOB ensures that there is no fraud in audit reports by imposing requirements to promote auditor’s independence. The Sarbanes Oxley Act requires an auditor to ensure accuracy of financial reports and also effectiveness of internal...
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... Deyvaansh Misra Contents INTRODUCTION 3 A RETROSPECTIVE VIEW OF MUTUAL FUNDS 5 THE FUTURE LIES ON THE BRINK OF THE HORIZON 6 CONCLUSION 10 INTRODUCTION Shakespeare once wrote, ‘out of this nettle, danger, we pluck this flower, safety'. The Indian mutual fund industry has witnessed significant growth in the past few years driven by several favourable economic and demographic factors such as rising income levels and the increasing reach of Asset Management Companies (AMCs) and distributors. However, after several years of relentless growth, the industry witnessed a fall of 8 percent in the assets under management in the financial year 2008-09 that has impacted revenues and profitability. Recent developments triggered by the global economic crisis have served to highlight the vulnerability of the Indian mutual fund industry to global economic turbulence and exposed the increased dependence on corporate customers and the retail distribution system. It is therefore an opportune time for the industry to dwell on the experiences and develop a roadmap through a collaborative effort across all stakeholders, to achieve sustained profitable growth and strengthen investor faith and confidence in the health of the industry. Innovative strategies of AMCs and distributors, enabling support from the regulator SEBI, and pro-active initiatives from the industry bodies CII and AMFI...
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...When it comes to this type of argument it is very compelling to understand what needs to be done here. It is very important for a company to be able to understand what their competitive landscape market is and how they are going to use it. Within the Jackson Hewitt Company, they have many different competitors that offer similar to the same type of services they do. So the question here really is how Jackson Hewitt markets themselves and the new service of financial services that makes them more appealing to the customer. Marketing is the key, the whole purpose of why a company has marketing teams. Here are some examples of Jackson Hewitt’s competitive landscape. So let’s start out with the most obvious question, what is competitive landscape. “A competitive landscape (also known as “competitive intelligence”) provides cohesive, detailed information on what your competitors are doing including” (Koch, 2009). So when doing the research on Jackson Hewitt, I had come to a conclusion that they do not offer financial advisory to their customer such as some of their competitors do like H and R Block. So when a company wants to start up a new service, they need to research their competitor s to find out exactly what they are offering and the pricing of those services. A company needs to offer more for less in order to be competitive in a field that is already crowded. “In gathering competitive intelligence and creating your competitive landscape, you will gather a significant amount...
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...NETWORKING AGREEMENT This Networking Agreement (“Agreement”) is made and entered into by and between ________________________ , a financial institution (“FI”) and Securities America, Inc. (“SAI”) and Securities America Advisors, Inc. (“SAA”) (collectively SAI and SAA shall be referred to as “Securities America”). FI and Securities America shall be collectively referred to as the “Parties”. WHEREAS, FI (which term shall include FI’s affiliates) is engaged in the business of commercial and consumer deposit taking and the provision of related financial services to their customers; WHEREAS, FI is interested in providing its customers and the public with access to securities brokerage services, insurance products and advisory services to be provided by a third party (the “Financial Services”); WHEREAS, SAI is a registered broker/dealer and insurance agency engaged in the business of offering, distributing and trading securities (“Brokerage Services”) and insurance products (“Insurance Services”) and SAA is a federally registered investment advisor in the business of providing advisory services (“Advisory Services”) through registered principals and representatives who are engaged by Securities America as independent contractors (a “Securities America Registered Representative” or, collectively, the “Securities America Representatives”); WHEREAS, FI is interested in having Securities America operate one or more Branch Offices under a Registered Representative’s...
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...INTRODUCTION FINANCIAL SYSTEM: it is the system of country which deals with the financial aspects. COMPONENTS OF FINANCIAL SYSTEM: I. FINANCIAL MARKETS II. FINANCIAL INSTITUTIONS III. FINANICAL INSTRUMENTS IV. FINANCIAL SERVICES. I. FINANCIAL MARKETS * Primary markets: deals with new issues * Secondary markets: trading in existing securities II. FINANCIAL INSTITUTIONS: these are the institutions which deal with the financial instruments. They create the various instruments of credit. III. FINANCIAL INSTRUMENTS: these are the claims against an institution or a person for payment at a future date of sum of money in the form of dividend/ interest. IV.FINANCIAL SERVICES: financial services are those which help in borrowing and funding, buying and selling securities, lending and investing, making and enabling payments and settlements and managing risk exposures in financial markets * MEANING OF FINANCIAL SERVICES All types of activities which are of financial nature may be regarded as financial services. In simple words, the term financial services means mobilizing and allocating savings. Thus, it includes all activities in the transformation of savings into investments., The financial services is also called financial intermediation. Financial intermediation is the process by which funds are mobilized from savers and make them available to the corporate customers for investments. Financial intermediaries Money market intermediaries(...
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...Ex1: OPERATIONS FINANCIAL SERVICES (EXCEPT INSURANCE AND SOCIAL INSURANCE) 1. Monetary intermediary activities: This group includes: * Activities of central bank about construction monetary policy, issuing currency, managing foreign exchange, control international reserves, inspection activities of banking institutions, etc.. * Operation of the unit resident legal entities in the banking sector; including debt subject in your account to get the monetary assets in order to participate in the activities of currency market. 2. Central bank operations This group includes: the central bank's activities as: - Released money - Bank of organization of credit - Foreign exchange operations management and control of international reserves; - Inspector of banking operations; - Bank money services for the Government. 3. Other monetary intermediary activities This group includes: Activities of businesses established under the provisions of the law, credit institutions and other provisions of law to currency trading, banking services with content deposit and use deposits to credit, provision of payment services (except financial leasing). This group's activities include the operation of commercial banks, development banks, investment banks, policy banks, cooperative banks, finance companies, people's credit funds, service companiespostal savings, credit union, ... Operation of the postal savings bank and postal money transfers; The organization...
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...Keystone Business Support Company Ltd. ABOUT US Keystone is a professional services company with management and administrative staff headquartered in Dhaka, Bangladesh. The company provides comprehensive business solutions to private businesses, financial institutions, investors, bilateral and multilateral institutions. A special strength of Keystone lies in its ability to help prepare for and implement energy sector projects both with regards to conventional and nonconventional energy sources. Keystone is also particularly strong in the areas of financial modeling and conducting legal and technical due diligence. These strengths are applicable in a wide variety of fields and we are constantly branching out to new areas to expand our product offering. Keystone has a global network of expert consultants across major cities including Boston, Delhi, Dubai, Hong Kong, London, New York, San Francisco, Singapore, Sydney, and Washington DC. Keystone is continually expanding to other major cities as its business grows. OUR APPROACH Keystone’s Project Teams pair international experts with local talent to devise Global Best Practice Solutions tailored to the specific country context. This also allows us to offer a high international quality service locally. Our first and foremost goal is to craft concrete and actionable steps for our clients that deliver results. OUR STRENGTHS Expertise : Keystone draws its strength from its diverse team of international experts. The company...
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...E-mail: nur.barizah@gmail.com Maslina Ahmad Department of Accounting, Faculty of Economics and Management Sciences International Islamic University Malaysia PO Box, 10, 50728, Kuala Lumpur, Malaysia E-mail: maslina@iiu.edu.my Abstract Independence is the primary justification of the existence, and thus the hallmark of the auditing profession. It is recognized as the primary attribute to be maintained by auditors in all circumstances. This study attempts to explore the determinants of auditor independence as perceived by Malaysian accountants using a self-administered mail survey. It was evidenced from the survey that size of audit fees is the most important factor, followed by competition, size of audit firm, tenure, provision of management advisory service and finally audit committee. More specifically, the study indicates that (1) larger size of audit fees, (2) audit firms operating in a higher level of competitive environments, (3) smaller audit firms, (4) audit firms serving a given client over a longer duration, (5) audit firms providing MAS, and, (6) the non-existence of an audit committee, are perceived as having a higher risk of losing independence. This study provides a basis for the profession to establish policies relating to auditor independence. Also, it may assist policy makers and other relevant international accounting agencies in their attempt towards the international harmonization of auditing standards. The major contribution of this paper is that it supplies recent...
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