B. O. ACC650 Case 7.1 – Ligand Pharmaceuticals 1. Describe what you believe is implied by the term “engagement risk.” What are the key factors likely considered by Deloitte and other audit firms when assessing engagement risk? How, if at all, are auditors’ professional responsibilities affected when a client poses a higher than normal degree of engagement risk? Engagement risk is composed of three broad categories: the entity’s business risk, the auditor’s audit risk, and the auditor’s
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He a lt h 0 2 2 Fire 1 Re a c t iv it y 0 P e rs o n a l P ro t e c t io n 1 E Material Safety Data Sheet Citric acid MSDS Section 1: Chemical Product and Company Identification Product Name: Citric acid Contact Information: Catalog Codes: SLC5449, SLC2665, SLC4453, SLC1660, SLC3451 CAS#: 77-92-9 Sciencelab.com, Inc. 14025 Smith Rd. Houston, Texas 77396 RTECS: GE7350000 US Sales: 1-800-901-7247 International Sales: 1-281-441-4400 TSCA: TSCA
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What is unappealing in HFs: a) Illiquidity: redemptions only allowed at the end of the year + initial lockup b) Minimum investments requirements: $1million minimum c) High fees: 2% of asset managed (possibly + full cost of operations), + 20% of profits. d) Selecting the right HF manager: Lack of benchmark for hedge funds, difficult to assess skill vs. luck, idiosyncratic vs. systematic returns. e) Inability to gain access to high quality funds: some investors found the
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How did Financial Reporting Contribute to the Financial Crisis? Mary E. Barth & Wayne R. Landsman a a b Graduate School of Business , Stanford University , Stanford, CA, USA b Kenan–Flagler Business School , University of North Carolina at Chapel Hill , Chapel Hill, NC, USA Published online: 07 Jul 2010. To cite this article: Mary E. Barth & Wayne R. Landsman (2010) How did Financial Reporting Contribute to the Financial Crisis?, European Accounting Review, 19:3, 399-423, DOI: 10.1080/09638180
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The European Accounting Review 2002, 11:1, 119–151 Accounting and capital markets: a survey of the European evidence Pascal Dumontier ` Pierre Mendes-France University, Grenoble Bernard Raffournier University of Geneva ABSTRACT The relationship between accounting information and capital markets has been the subject of numerous studies, especially in the US. The purpose of this article is to examine the corresponding evidence in Europe. This review classi es the European literature into three
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Key Words: 1. Antecedents of commitment 2. Importer’ s commitment 3. Importer supplier relationship 4. Mediating role of trust 5. Cultural similarity 6. Communication 7. Knowledge and experience 8. Supplier’ s opportunism 9. Environmental volatility 10. Transaction-specific investment 11. Supplier’s competencies ii Abstract The concept of commitment has emerged recently in international business literature especially in explaining importer behaviour as a counterpart of the process of internationalisation
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REVISITING MARKET EFFICIENCY: THE STOCK MARKET AS A COMPLEX ADAPTIVE SYSTEM by Michael J. Mauboussin, Credit Suisse First Boston t is time to shift the emphasis of the debate about market efficiency. Most academics and practitioners agree that markets are efficient by a reasonable operational criterion: there is no systematic way to exploit opportunities for superior gains. But we need to reorient the discussion to how this operational efficiency arises. The crux of the debate boils down to
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High-Frequency Trading Peter Gomber, Björn Arndt, Marco Lutat, Tim Uhle Chair of Business Administration, especially e-Finance E-Finance Lab Prof. Dr. Peter Gomber Campus Westend • RuW P.O. Box 69 • D-60629 Frankfurt/Main Commissioned by Executive Summary High-frequency trading (HFT) has recently drawn massive public attention fuelled by the U.S. May 6, 2010 flash crash and the tremendous increases in trading volumes of HFT strategies. Indisputably, HFT is an important factor in markets
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FIN 855 – FINANCIAL MANAGEMENT, SPRING 2014 Real Options Assignment Multiple Choice Questions (3 points each) 1. The following are the main types of real options: (I) The option to expand if the immediate investment project succeeds (II) The option to wait (and learn) before investing (III) The option to shrink or abandon a project (IV) The option to vary the mix of output or the firm’s production methods A) I only B) I and II only C) I, II, and III only D) I, II, III, and IV only
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models themselves and understand how to interpret results Gives advice on planning and executing a project in empirical finance, preparing students for using econometrics in practice Covers important modern topics such as time-series forecasting, volatility modelling, switching models and simulation methods Thoroughly class-tested in leading finance schools Chris Brooks is Professor of Finance at the ICMA Centre, University of Reading, UK, where he also obtained his PhD. He has published over sixty
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