and consultancy services, including auditing, taxation, accounting and company secretarial. Skrastin Lim was established by Mr. Lim Jit Swee and Ms. Leong Yee Him. Both of them are Chartered Accountants from United Kingdom, London. Mr. Lim Jit Swee is one of the members of Malaysia Institute of Accountants (MIA). His experienced in audit, management and taxation is more than 20 years. Although this company only have 10 staff including 3 trainees, they still got confidence in clients’ eye to carry
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International Journal of Business and Management December, 2009 Auditor Independence: Malaysian Accountants’ Perceptions Nur Barizah Abu Bakar (Corresponding author) Department of Accounting, Faculty of Economics and Management Sciences International Islamic University Malaysia PO Box, 10, 50728, Kuala Lumpur, Malaysia Tel: 60-19-288-4540 E-mail: nur.barizah@gmail.com Maslina Ahmad Department of Accounting, Faculty of Economics and Management Sciences International Islamic University Malaysia
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principles or GAAP are the set of regulations for financial accounting and the jurisdiction of all accounting standards. Along with these guidelines the GAAP includes other important aspects such as conventions, standards, and different rules the accountants within the organization must adhere to during a copy summarization of all the transactions and in doing the usual tasks such as preparing all the financial statements. Any third party involved with these reports need to rely information within the
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Importance of forensic accounting and fraud awareness in Malaysia As a result of recent, highly publicized financial scandals; reported increases in occupational fraud; and heightened concerns over money laundering to support terrorism and racketeering, legislative mandates and public expectations have heightened the necessity to hrther define the auditor's and accountant's responsibility for detecting fraud within organizations. Successful fraud or forensic accounting analyses and findings reported
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have the answer? Bruce Palmer is a newly promoted account manager for M&M who was assigned to lead an audit of Johnsville Trucks. Palmer was impressed with the team assigned to work with him but one particular individual stood out. Zeke Olds is an accountant on the Palmer’s team who received a double major in accounting and computer sciences making him more than qualified. After account manager Ken Crosby joined the M&M team he also noticed the great knowledge and strengths Olds had to offer. Since
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listening and since then, globalization started to lurk around the hemisphere. Business has gone as usual, yet people ignored the reality that with so many treaties, so many agreements, so many compromises, the Big Wide World as we knew it once, was becoming so small that anyone would hold it in the palm of one hand. Business Globalization, once seemed to be impossible, now a reality of life. Companies throughout the world conduct business and interrelate with each other, regardless of race or culture
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Introduction As the LJB Company moves forward with their vision of becoming a public company they must look at the different changes that they need to undertake. Not everything about the way that they conduct themselves needs to change. There are some very good attributes about the company that they should be very proud of. Along with the good there are also some things that do need to change. All of the aspects of the LJB Company, whether good or bad, will be pointed out and brought to the
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ethics. Accounting introduced by Luca Pacioli, and later expanded by government groups, professional organizations, and independent companies. Ethics are taught in accounting courses at higher education institutions as well as by companies training accountants and auditors. Due to the diverse range of accounting services and recent corporate collapses, attention has been drawn to ethical standards accepted within the accounting profession.[2] These collapses have resulted in a widespread disregard for
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of Fortune Global 500 changed from United States Generally Accepted Accounting Principles (GAAP) to International Financial Reporting Standards (IFRS); in virtually 100 countries, 12,000 corporations have opted to follow IFRS. As this standard is becoming globally accepted, the United States has been compelled to cooperate with IFRS. To portray the challenges involved, one large United States company, Clark Corporation, will be explored. At the close of the 2010 financial year, Clark Corporation’s
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1.0 INTRODUCTION Accounting has rightly been termed as the language of the business. The basic function of a language is to serve as a means of communication. Accounting also serves this function. It communicates the results of business operations to various parties who have some stake in the business viz., the proprietor, creditors, investors, Government and other agencies. Though, accounting is generally associated with business but it is not only business which makes use of accounting. Persons
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