be created either intentionally or the other way around. Therefore, an objective analysis is needed to clear the puzzles especially if the auditors wish to curb fraud cases among their clients. In the case of Flat Cargo Berhad (FCB), the auditor has found some inconsistencies in the accounts of FCB. Thus, a case study is conducted to bring the hidden mystery to the light as possible. Based on the study, a report was written to summarise the situation. The aspects that were given highlights in the
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The brand is closely associated with minimalism in furniture designs which provides the consumer with its core purpose yet providing a complete a furnished look in its style. Packaging The packaging for Homemaid will be simple and packed in a flat cardboard
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Flat Cargo Berhad (FCB) Introduction FCB obtained listing in Bursa Malaysia on the 15 September 2001. The main core business was to provide air freight transportation within the Asian region. As a fast growing company, FCB secured agreements from well-establish company within the transportation industry such as Worldwide Express, United Parcel Services (UPS), Nationwide Express, City link and others. Issue on FCB 1) The auditors were unable to verify the aircrafts claimed have been purchased
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Introduction Flat Cargo Berhad (FCB) is an air freight services and ground handling company. Its company’s operations cover Asian Pacific region including China, Japan, Thailand, Singapore and many more. Their main customers are United Parcel Services (UPS), City Link and Nationwide Express. The main shareholder for FCB is Bangor Sdn Bhd which is part of Miri Group represented by 26.5% of the company interest. Kencana & Associates is the auditor company that audit FCB’s account. The leader of
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Sarah Allmond, Kamal Assaf, Doug Bice, and Renee Burkart Dr. Mike Marzano Logistics Management February 21, 2013 Infrastructure in India India’s port, road, and rail networks need massive capital investment. The ports in India are operating beyond their intended capacity in spite of the construction of a number of new sites. Moreover, there are bottlenecks when clearing goods from customs: the time required to clear goods in India is twice that of South Korea and Thailand and three times that
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Key Terms of prepaid export contract Joint Stock Company “Oil Company Rosneft” (“Rosneft”), Sinopec Group (“Sinopec”), and Industrial and Commercial Bank of China (“ICBC”) as financing partner of Sinopec, collectively referred to as the Parties, willing to develop their successful cooperation set forth these Key Terms of the prospective Prepaid Supply Transaction (hereunder the “Transaction”). 1. The Seller and the Buyer will enter into a prepaid export contract (the
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namely manual, Semi electric and electric stackers. • Tow Tractor Tow tractors are materials handling vehicles commonly used to transport pallets of goods or raw materials in warehouses; they are also used in airports for transporting baggage and cargo, and to pull-out aircraft in preparation for departure. Tow tractors can tow multiple trailers at the same time, forming a train. • Fork
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CASE STUDY 1: FLAT CARGO BERHAD: AN AUDITOR’S CONUNDRUM A. INTRODUCTION OF THE CASE There are many puzzling issues that could occur in the process of auditing a listed company. These issues could be created either intentionally or the other way around. Therefore, an objective analysis is needed to clear the puzzles especially if the auditors wish to curb fraud cases among their clients. In the case of Flat Cargo Berhad (FCB), the auditor has found some inconsistencies in
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research about the company is as follows: Dubai Airport Company was established to take control of: * Dubai Cargo Village It is the first cargo handling facility of Middle East to be awarded with ISO 9002 and was build in 1990. It is considered as most technologically highly developed handling cargo facilities. The company is designed to handle about 150,000 tonnes of cargo each year. * Dubai International Airport Dubai International Airport is the world busiest airport serving Dubai
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International Operations Management The new role of WTO as a World trade court 1957 : GATT General Agreement on Tariff and trade 23 countries only when Gatt was created. A club of countries dominated by US. Major discussions on tariff reductions : KENNEDY ROUND NIXON ROUND Try to reduce the tariff among countries. 1990 : URUGAY ROUND Decision to convert GATT Into a more formal organzation 1995 : creation of WTO = World Trade Organization 125 countries Involved in four
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