was involved in a financial dispute with Jones’ former husband. Over the course of four years, Tsige accessed Jones’ account records at least 174 times, with the intention of determining whether Jones’ former husband was paying child support. Tsige admitted that this was not a legitimate reason for invading Jones’ privacy, apologized, and was subsequently disciplined by BMO. No action was made to directly compensate Jones, who asserted that her privacy protection in financial matters had been
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Introduction The concept of global financial crisis (GFC) is not concept that has emerged recently. In fact, GFC dates back to the period of Great Depression in the 1930’s changing the perception that market failures and other economic factors affect the way businesses operate. The global financial crisis (GFC) of 2007-2009 resulted due to risky lending and increased loan defaults especially in the housing sector. A significant number of questions rose about the stability and policies that regulated
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six separate milestones spread throughout the modules of the course. These milestones are the initial product idea (Module One), Part One (Module Two), Part Two (Module Four), Part Three (Module Seven), Part Four (Module Eight) and the full marketing plan (Module Nine). Main Elements of Final Product Marketing Plan Elements (Ten Sections) I. Product or Service Description Describe for the reader what it is that you wish to bring to market. If it is a product, describe the product
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Standards Board (IASB) has one main role; this main role is to promote the use of accounting standards and to bring convergence of international financial reporting standards and national accounting standards. Other roles IASB consist of develop drafts of International Financial Reporting Standards (IFRS) and to carry out tasks alongside with the International Financial Reporting Committee (IFRIC), where the IASB role is to approve the interpretations by the IFRIC. Australia has joined the revolution of accounting
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best way to phrase the purpose statement of a report is with a. complex language. b. an infinitive phrase. c. a controversial statement. d. jargon. ANSWER: b; DIFFICULTY: moderate; PAGE: 396; TYPE: concept 4. Which of the following is the least clear statement of purpose? a. “The purpose of this report to determine which of four alternative investments will have the highest return.” b. “The purpose of this report is to analyze four potential investments.” c.
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By the end of the month, Phar-Mor had to lay off over 10,000 of their employees and close over 100 of their stores all across the state. Several charges were filed against Phar-Mor’s top executives and auditors. By the end of the trial, the financial statement fraud that occurred in Phar-Mor was deemed to be one of the largest corporate scandal recorded in history. Background The first Phar-Mor store was opened in Cleveland by Mickey Monus in 1982. According to JRO, Monus was the son of a businessman
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Deloitte is the largest professional services network as well as stands one of the big four professional services firms. Deloitte provides services such as audit, tax, consulting, financial advisory and enterprise risk.1 The mission statement states: “The professional services firm that consistently exceeds the expectations of our clients and our people”2 To prove its credibility, Deloitte claims to have examples of clients, people and sections of society where the firm have helped achieve remarkable
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Assessment Task 1 – Issues in Financial Reporting Question 1 There are many potential benefits associated with the international standardisation of accounting standards. Firstly, the standardisation of accounting standards makes it easier for international investors to better understand, compare, and interpret the financial performance and position of companies from different countries that are in competition with each other or are operating within a similar industry. Greater comparability
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Final Review for ACCT 436 M/C题： 1. Racketeer Influenced and Corrupt Organization (RICO) -Act that lists more than 30 different state and federal crimes for which the violation of any two in a related pattern over a 10-year period can lead to criminal and/or civil liability with criminal penalties of fines up to $25,000 and 20 years in prison; part of the Organized Crime Control Act (OCCA) of 1970. -The act was designed to combat organized crime, forbids certain organized gambling, and to allow
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Balanced Scorecard are profitability, market share, productivity, product leadership, public responsibility, personnel development, employee attitudes, and balance between short-range and long-range objectives. The first GE metric represents the financial perspective; the second GE metric represents customer perspective; the metrics three to five represent the process perspective; the metrics six and seven represent the growth perspective, and the eight GE metric represents the essence of the Balanced
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