SUMMARY FINANCIAL REPORT 2010 CONTENTS 02 Chairman’s Statement 13 14 Consolidated Income Statement Corporate Data 05 Balance Sheets Summary Financial Statements 06 15 19 21 Statistics of Shareholdings Summary Directors’ Report Notes to the Summary Financial Statements 12 Independent Auditor’s Report 17 Notice of Annual General Meeting Proxy Form Request Form Extract of the Independent Auditor’s Report on the Full Financial Statements
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Adoption of the Sarbanes-Oxley Act of 2002 ACC 100. Accounting Professor Hiotellis June 4, 2011 New Standards for U.S. Public Companies The Sarbanes-Oxley Act imposed a series of “enhanced” standards on publicly traded companies intended to ensure financial reports were being reported accurately to the public. Among others, these enhanced standards include: • Companies must maintain adequate controls over financial reporting. • Companies must provide a statement regarding
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takes internal controls and reporting within accounting and finance and the way the public companies business being administered. One of the most important objectives of SOX is to oversee public accounting, publicity reporting business and the investment commerce. In order to follow SOX objectives and to watch the acts of public accountancy, SOX created the Public Company Accounting Oversight Board (PCAOB). This particular board directs the accounting line of work and publicity reporting business
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Consulting Inc., 2011). The management of Riordan Manufacturing has submitted Service Request SR-rm-012 – Business Systems to have Smith Consulting create a summary of the business systems needed for effective management. Technical Team Bravo will begin with an overview of the current systems that exist in the areas of Finance and Accounting, Payroll and Human Resources, Information Technology, and Sales and Marketing. For each area covered, Technical Team Bravo will describe the business systems
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Journal of International Accounting, Auditing & Taxation 10 (2001) 139 –156 A study of the relationship between corporate governance structures and the extent of voluntary disclosure Simon S.M. Ho*, Kar Shun Wong School of Accountancy, The Chinese University of Hong Kong, Shatin, N.T., Hong Kong Abstract The primary objective of this study is to test a theoretical framework relating four major corporate governance attributes with the extent of voluntary disclosure provided by listed firms
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Neil Christian A. Domingo BSIT 3-1 1. * What is a Financial Statement? It is the summary report that shows how a firm has used the funds entrusted to its stockholders and lenders, and what is its current financial position. They are meant to present the financial information of the entity in question as clearly and concisely as possible for both the entity and for readers. * What is a Balance Sheet? The balance sheet is one of the key elements in the financial statements, it
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Fair Value Accounting: Understanding the Issues Raised by the Credit Crunch Prepared by Stephen G. Ryan Professor of Accounting and Peat Marwick Faculty Fellow Stern School of Business New York University July 2008 This white paper was commissioned by the Council of Institutional Investors to educate its members, policymakers and the general public about fair value accounting and its potential impact on investors. The views and opinions expressed in the paper are those of Professor Ryan and
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summarises the study objective as to “determine the perceptions of Chartered Accountants (South Africa) regarding independent reviews” and goes on to report the process of data collection (questionnaire) as well as the summarised findings of the study. Recommendations are also outlined in the abstract. The abstract therefore provides a concise summary of what the reader should expect in the entire study. 2. Rate the paper in each of the following areas. Please provide reasons In this section,
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Why Accounting Fraud? & Possible Solutions Brian Faanes Rasmussen College Author Note This research is being submitted on 9-12-2011 for Wendell Ellis A140 Financial Accounting 1 course at Rasmussen College by Brian Faanes Most accountants and auditors want to be accurate and honest when it comes to the recording of financial records and statements of the company or firm they work for. However, because of tight relationships between accounting firms and their clients, auditors may unintentionally
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CAFR BUDGET ANALYSIS 2 CAFR Budget Analysis The Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB) serve similar functions for different accounting entities. The GASB maintains accountability over state and local governments, while the FASB maintains adherence to standards for not-for-profit entities. Both governments and not-for-profit organizations use an expenditure approach to accounting where budgetary needs are the first priority over financial
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