differences in the structure of shareholding, with more family-owned businesses in Italy lowering the perceived importance of independence; (iii) traditionally less concern for independence as a governance characteristic in Italy. No countries within the EU, with the exception of Italy, currently have a system of mandatory audit firm rotation. In recent years, auditing of financial reports, i.e. the activity aimed at certifying “substantial reliability” of the financial statements, has been
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DIGITAL POINT INC : FRAUD CASE STUDY Digital Point, Inc. (DPI) is an international chain of stores specializing in renting copies of movies and video games to retail customers. DPI also sells new and used copies of these products, and offers “memberships” entitling members to unlimited use of DVDs or video games for one year (one DVD or game at a time). With over 7,000 stores worldwide (approximately 5,000 in the U.S. and 2,000 in 23 other countries), DPI is among the top two or three companies
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Girls achievements have improved over the years due to the external and internal factors of gender differences within achievement. Statistics show that since 1985 boys' and girls' achievements in school have both improved drastically in the percentage of pupils achieving 5 or more A*'s to C at GCSE level. However, although both have improved it shows that there has been a rapid increase in the improvement of girls results and a significant gap has opened up. These achievements can depend on a number
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HUISWERK WEEK 3 (E6 C32 & E8 C39) + OPGAVE E7 DQP 29 & 31 Case 6-32 a. A review provides limited assurance about the fair presentation of financial statements in accordance with generally accepted accounting principles but far less assurance than an audit. Presumably, the bank decided that the assurances provided by a review were needed before a loan could be approved, but an audit was not necessary. A review includes a CPA firm performing analytical procedures, making inquiries about
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INTERNATIONAL APRIL/MAY 2010 ACCOUNTANT FEATURES INCLUDE Issue 52 Banking & Finance Risk & Compliance International Financial Reporting Standards Global outlook Banking & Finance Feature Is corporate governance a modern fantasy? Andrew Higson discusses the reality of financial reporting and asks if corporate governance still has a role to play in the modern business world. W hat is the difference between the collapse of Enron and the recent collapse of the banking
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Apple’s External Environment External environment is the environment or surroundings outside of the company such as economic component, demographic component, technological component, sociocultural component, political/legal component, and global component (Chapter 2, Management Environment, slide 5). As for Apple, they have their own factors which is P.E.S.T. (Political, Economic, Social, and Technological) factors that affect them to make a decision-making process. These are the explanation about
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Can Auditors be Truly Independent With the globalization of investment market and enhanced regulation, independent audits of the financial statements of public companies are one of the most valued contributor to the confidence of the investors. It is crucial that auditors could provide reasonable assurance of the fair presentation of a company’s financial statements. In the past decades, especially with the enactment of Sarbanes-Oxley Act of 2002, auditors are required to
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sub-groups Internal/ external and stable/unstable. 2. Attribution theory looks at the reason for why someone failure or succeeded in a certain situation. This is important from a sports psychologists view because models such a Wieners give people the ability to blame their failure on external reasons out of there control and therefore keep motivation high. 3. The locus of causality dimension indicates whether the attribution relates to factors that are either internal or external to the performer
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vibrating alarm watch, we should be aware of the negative factors that might come in our way during the launching and life cycle of our product. However, we also shouldn’t underestimate our company’s and product’s strengths and the various opportunities that would increase the standing of our new product. Strengths and weaknesses are considered as internal factors whereas opportunities and threats will be related to the external market. Internal Factors: Strengths • Personal knowledge of target market
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selected and classified according to their aim and content into three categories such as (i) TAM literature reviews, (ii) development and extension of TAM, and (iii) modification and application of TAM. Despite a continuous progress in revealing new factors with significant influence on TAM’s core variables, there are still many unexplored areas of model potential application that could contribute to its predictive validity. Consequently, four possible future directions for TAM research based on the
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