took the function of money which they represented. Before the enactment of the Negotiable Instrument Act, 1881, the law of negotiable instruments as prevalent in England was applied by the Courts in India when any question relating to such instruments arose between Europeans. When then parties were Hindu or Mohammedans, their personal law was held to apply. Though neither the law books of Hindu nor those of Mohammedans contain any reference to negotiable instruments as such, the customs prevailing
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The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is a joint initiative of five private sector organizations dedicated to providing thought leadership to executive management and governance entities on critical aspects of organizational governance, business ethics, internal control, enterprise risk management, fraud, and financial reporting. COSO has established a common internal control model against which companies and organizations may assess their control systems.
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In this essay I will discuss some aspects of accounting theories and their developments. I will also argue entity and proprietary theory and how they have contributed to the development of existing accounting practices. I will also highlight the strengths and weakness of the two theories and the impact it has on current accounting practices. Accounting theories can be said to be a process of reasoning problems by means of distinguishing the basic relationship, which in turn simplifies the issues
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Traditional Litigation: Encountering Risks and Reducing Exposure When dealing with traditional litigation, a business or organization will risk scrutiny of the company’s image or brand, and clearly suffers monetary costs, which can affect the entity’s bottom line. Reflecting on the traditional litigation system, dependent on the type of trial, for example, a civil trial, the burden of proof is rested upon the plaintiff. The plaintiff must present truthful evidence or proof to a judge or jury against
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Government Regulation Research Paper 1 Crystal Carrothers Introduction Government regulation is around us everywhere. The government needs to make sure that the public’s interests are maintained and preserved. Being an accounting student, I have heard and read about regulation in the accounting industry numerous times. There have been many major accounting scandals in history that have lead to many different kinds of government regulation. The government regulations in accounting are
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Riordan Manufacturing Corporate Compliance Plan LAW 531 – Business Law Facilitator: Gregory Schumacher March 30, 2009 University of Phoenix – Online Campus Riordan Manufacturing Corporate Compliance Plan Riordan Manufacturing, Inc. has been an industry leader in the plastics molding industry for nearly 20 years, and its success has been built on a formula of state-of-the-art research and development, strong customer relationships, and innovative, team-oriented employees. The current economic
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GuidinG PrinciPles on Business and Human riGHts Implementing the United Nations “Protect, Respect and Remedy” Framework GuidinG PrinciPles on Business and Human riGHts Implementing the United Nations “Protect, Respect and Remedy” Framework New York and Geneva, 2011 Note The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any
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related and non-related measures, called NTMs and non-tariff trades barriers, called NTBs (United Nations Development Project, 1999). To trade within a given market such as country versus international arena you must know the guidelines of a given entity to know boundaries and comply. This is the very purpose of all the various trade agreements. The agreements provide benefits and standards that can be used for any and all companies and countries. Additional agreements are created and maintained for
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Social Responsibility The basis of social responsibility is corporate commitment to the development and adherence to business processes that produce a positive impact on society. This impact should benefit not only their individual employees, but all shareholders within the global environment. Corporate Social Responsibility is analogous to Corporate Citizenship, which is defined as “The extent to which businesses are socially responsible for meeting legal, ethical and economic responsibilities
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and always eager to gain more information to stay proficient and well informed. Logistics and those who work in the profession have to understand that their job can be complex and difficult if one does not apply the skill sets appropriately. Laws, regulations, and mandates set forth are set in place to assist and keep the supply management professional safe and away from harm. The task of being professional and competent and still being able to set the standards can be difficult but it can be done
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