GASB 68: An Examination of Affects to the Pension Problem Including Stakeholder Interests Private retirement systems are regulated by the Pension Benefit Corporation (Employee Retirement Income Security Act of 1974); state and local governments are not subject to federal regulation but rather voluntarily comply with GASB standards. (Mattrell, 2013) With all the newsworthy stories involving public pensions, analysts were becoming increasingly critical of GASB regulation over the pension systems
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Week 4 Homework: Brandy Hodges * 7-2, 7-4, 7-8, and 7-14 AGENCY (7-2.) Residence of a neighborhood financed the installation of sidewalks through a note payable. The note was to be repaid through a special assessment tax on their properties. When is it appropriate to account for special assessment activities in an agency fund? In which fund should the special assessment tax receipts be reported if they do not meet the criteria for an agency fund. GASB standards mandate that a government
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Business ethics can be defined as the study of proper business policies and practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary responsibilities. Business ethics are often guided by law, while other times provide a basic framework that businesses may choose to follow in order to gain public acceptance. Business ethics are implemented in order to ensure that a certain required level
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Ajisen (China) Holdings Limited (stock code: 0538) (“Ajisen (China)” or the “Company”; together with its subsidiaries, the “Group”) is one of the leading fast casual restaurant (“FCR”) chain operators in the People’s Republic of China (“PRC”) and Hong Kong Special Administrative Region (“Hong Kong”). Since its establishment in 1996, the Group has been selling Japanese ramen and Japanese-style dishes under the Ajisen brand in the PRC and Hong Kong by incorporating Chinese people’s culinary preferences
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raju emphasised on achieving short term performance of satyam 2. Greed for money, power,success and prestige- Greed for money, power,success and prestige compelled mr.Raju to “ ride on tiger” . his greed overshadowing the responsibility to meet fiduciary duties- duty of care, duty of loyalty. 3.Whistle blower policy- Whistle blower policy of satyam not being effective. 4.Opaque disclosure strategy- Satyam adopt deceptive reporting practices. There was lack of transparency. 5.Inflated financial statement
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faith and fair dealing in the banking relationship. Compare and contrast the differences between intentional and negligent tort actions Discuss the tort action of “Interference with Contractual Relations and Participating in a Breach of Fiduciary duty” and, if the bank you’ve chosen were to behave as JP Morgan did, would you be able to prevail in such a tort action. With the advent of mobile banking, discuss how banks have protected the software that allows for online transaction to
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need to be amended after. The board defined SME’s as entities that have no public accountability. In other words, the company does not trade stocks or bonds in the public market or are in the process of doing so. They also may not hold assets in a fiduciary capacity for outsiders as one of its primary businesses; i.e. banks. Essentially, the framework is designed for privately owned small profit enterprises that do not have to conform to GAAP. The reasons for the proposal of this change are to address
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to any means of settling disputes outside of the courtroom. Negotiation (dialogue to reach a beneficial outcome), conciliation, mediation, and arbitration (one or more arbitrators who make a binding decision on the dispute) 1. Agency duties: fiduciary (person who holds a legal or ethical relationship of trust ). Full disclosure, no secret profits, act in good faith, care and skill 2. A judgment that may be rendered in a contract misrepresentation case involving false statements that induced one
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Prinsip II: Hak-hak Pemegang Saham dan Fungsi-fungsi Penting Kepemilikan Saham Prinsip OECD mengenai corporate governance yang ke dua pada dasarnya mengatur mengenai Hak-hak pemegang Saham dan fungsi fungsi kepemilikan saham. Hal ini terutama mengingat investor saham terutama dari suatu perusahaan publik, memiliki hak-hak khusus seperti saham tersebut dapat dibeli, dijual ataupun ditransfer. Pemegang saham tersebut juga berhak atas keuntungan perusahaan sebesar porsi kepemilikannya. Selain itu
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ch01 Student: ___________________________________________________________________________ 1. 2. 3. 4. General Motors has been called a "template for 21st century capitalism." True False A business is any organization that is engaged in making a product or providing a service for a profit. True False Businesses and society are independent of one another. True False The stakeholder theory of the firm argues that a firm's sole purpose is to create value for its shareholders. True False The instrumental
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