Segregation of Duties Introduction An important function of the accounting field is to provide external users of financial statements with assurance that the financial information being presented is both reliable and accurate. This basic function of accounting is so important that there is an entire field of experts, called auditors, dedicated to assuring its proper performance. Throughout history there have been many instances in which the basic equilibrium between an institution and current/potential
Words: 2844 - Pages: 12
Partnership Act 1892 Preamble WHEREAS it is expedient to declare and amend the law of Partnership: Be it therefore enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled, and by the authority of the same, as follows: Part 1 – Preliminary 1A Name of Act This Act may be cited as the Partnership Act 1892. 1B Interpretation (1) In this Act:"business" includes trade
Words: 7355 - Pages: 30
Managing Director (MD) has asked you for written advice on whether the company has any liability in tort law towards Barbara and Clive. With this in mind please produce a report for the MD, which sets out the law relating to negligence and vicarious liability and how it applies to this scenario. Your report should be no longer than 3,000 words. 1 Differences Between Liability in Tort and Contractual Liability Contractual liability concentrates on what is in a contract and the obligations between
Words: 2229 - Pages: 9
Ethics and Professionalism in Accounting Accounting 411 Quiz #1 November 7, 2012 DUE ON WEDNESDAY, NOVEMBER 14, 2012 BY 11:59PM Instructions: Each question is worth 0.5 point. The quiz is worth 15 points total. It is an open-book exam. You may not consult with your classmates or the internet. Page 1 1. Deontology deals with A. Emphasizes rights of others B. Consequences of actions C. Following prescribed virtue characteristics D. Following the law as an element of ethical behavior 2
Words: 1248 - Pages: 5
THE COMPANIES ACT, 2009 (Act No. 8 of 2009) I ASSENT ………………………………………………………………….…………………………………………… Mswati III King of Swaziland ……………………………………………………….……………….……..…..…, 2009 ________________ AN ACT entitled An Act to provide for the constitution, incorporation, registration, management, administration and winding up of a companies and other associations. ENACTED by the King and the Parliament of Swaziland. Arrangement of Sections Section 1. PRELIMINARY Short title and commencement. CHAPTER 1 INTERPRETATION
Words: 89745 - Pages: 359
There are numerous threats to auditor independence. Derived from Porter, Et Al (2014) - Firstly, Self-interest threat which are dangers that emerge from auditors acting to their own interest. Auditors may support, intentionally or intuitively, those self-intrigues over their enthusiasm for performing a quality review. The auditors’ relationship with bluebird limited creates a financial self-interest because they pay the auditors’ fees. Auditors also have a financial self-interest if they own stock
Words: 2616 - Pages: 11
L19201WB1931PLC007261) Board of Directors Mr. Uday Khanna Chairman and Independent Director Mr. Rajeev Gopalakrishnan Managing Director Mr. Ranjit Mathur Director Finance Mr. Kumar Nitesh Managing Director - Retail (since May 21, 2014) Mr. Jack G. N. Clemons Non-Executive Director Mr. Jorge Carbajal Non-Executive Director Mr. Akshay Chudasama Independent Director Ms. Anjali Bansal Independent Director (since May 21, 2014) Mr. Ravi Dhariwal Independent Director (since May 27, 2015)
Words: 61261 - Pages: 246
comply with applicable PRC laws and regulations. 3.2 Limited Liability Company The Company shall be a limited liability company under the laws of the PRC. The liability of the Investor for the losses, risks, liabilities and any other obligations whatsoever of the Company shall be limited to the registered capital of the Company. 3.3 Date of Establishment The date of the establishment of the Company shall be the date on which the Company is issued its Business License. 3
Words: 5599 - Pages: 23
INFOSYS LIMITED CODE OF CONDUCT AND ETHICS Originally adopted by the Board of Directors on 10 April 2003; Amended version adopted by the Board of Directors on 15 April 2011; Amended version adopted by the Board of Directors on 7 May 2013; Amended version adopted by the Board of Directors on 9 October 2014 Preamble “This Code of Conduct is intended to establish and clarify the standards for behaviour in the organisation. However, no Code of Conduct can cover all situations you may encounter
Words: 14108 - Pages: 57
1872 Extends to all Pakistan DEFINITION (1)Between two or more than two parties\persons (2)To do or not to do any particular thing (3)Enforceable by law (4)Creates obligation between the parties \persons COMMUNICATION\REVOCATION\ACCEPTANCE COMMUNICATION (1)Offer or proposal (notice to other party) (2)Acceptance
Words: 7925 - Pages: 32
