identifying and reporting deficiencies found in financial statements. In the second part of our report, we prepared basic ARP’s and identified some key red flags for the Chevron Company. To access client viability, we used vertical and horizontal analysis, where we found information to create concern about their financial strength. We also looked at other factors such as forecast cash flow for next year, ratios, operating losses, and previous audit fees to conclude whether or not Chevron has financial
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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 in Hong Kong. These corporate governance attributes are the proportion of
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THEORY AND PRACTICE OF THE ECONOMIC ANALYSIS OF LAW POSSIBLE TOPICS FOR SEMINAR PAPERS 1. General Approaches Overview paper on classical, behavioural, neuro-economical approaches. 2. The Assumption of Economic Rationality Standard economic analysis assumes that people are rational maximizers of their own utility. This assumption consists of a cognitive element (“thin rationality”, the assumption that people’s preferences meet the requirements of completeness, dominance, invariance,
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Advantages of harmonization…………………….…….2-3 Disadvantages of harmonization……….…………...…3-5 Part 2…………………………………………………...………...…………6-8 Importance………………...…………….………….….6-7 Challenges in reducing disclosures……………………7-8 Reference……………………………………...……………………………9-10 Coursework Part 1: Harmonization of international accounting standards Every organization has their own accounting systems and standards. If every organization is preparing its financial
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ABSTRACT Auditing disclosures play an important role within accounting reports as they provide a level of assurance to the users (public). These disclosures will be discussed in light of the collapse of Health International Holdings (HIH). The HIH collapse warranted a Royal Commission investigation and also recorded the biggest corporate collapse in Australia's history. Corporate failures of similar magnitude such as Enron and Parmalat have occurred elsewhere and sparked large scale investigation
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agencies, which all serve a different purpose in business law enforcement. Some of which include the Environmental Protection Agency, Occupational Health and Safety Administration, and the Securities and Exchange Commission. For the purpose of this paper, a description of the Securities and Exchange Commission will be given. Further describing the regulations which will protect the public from fraud within corporations and what that represents in the Sarbanes-Oxley Act of 2002. The Securities and
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the company’s reputation. This paper will illustrate key facts, regulations and legal issues in the Business Regulation Simulation. It will address the values, conflicts among the stakeholders and ethical dilemmas with the multibillion dollar company. A legal counsel’s summary of basic issues and the action handling the environmental regulatory topic will be explored. Based on table 1, a risk analysis and alternative solutions will be examined. Lastly, this paper will be addressing ethical dilemmas
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Glossary 424 30 Initial Measurement 425 General 425 Subsequent Measurement 428 General 428 Other Presentation Matters 432 General 432 Disclosure 433 General 433 Implementation Guidance and Illustrations 434 General 434 Status 437 General 437 Subsequent Measurement 437 05 10 15 35 45 50 55 S00 S35 General Disclosure 438 438 Implementation Guidance and Illustrations 438 438 SEC Materials 438 General S99 437 General S55 421 437 General S50 Other Presentation
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issue an exact description of the issue, a statement of the amount outstanding, amounts redeemed or purchased during the year, and the balance of the sinking fund. 15–5 The sources of information for preparation of the notes payable analysis for the audit working papers are the notes payable register (if
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derivatives” by Patrick McAllister, John R. Mansfield. His study on Derivatives has been an expanding and controversial feature of the financial markets since the late 1980s. They are used by a wide range of manufacturers and investors to manage risk. This paper analyses the role and potential of financial derivatives investment property portfolio management. The limitations and problems of direct investment in commercial property are briefly discussed and the main principles and types of derivatives are analysed
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