Dividend Policy Over the years, the Company has consistently followed a policy of paying high dividends, keeping in mind the cashgenerating capacities, the expected capital needs of the business and strategic considerations. For 2009-10, the board has recommended a dividend of 1,500 percent higher than 1,000 percent declared in previous year and has maintained a payout ratio of 31.3 percent vis-a-vis 36.5 percent in the previous year. Further, board has also declared 4,000 percent interim dividend
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Chapter 2 THE AUDIT MARKET Revision: 11 September 2012 2.1 Learning Objectives After studying this chapter, you should be able to: 1. Distinguish between different theories of audit services including agency theory. 2. Understand drivers for audit regulation. 3. Understand the role of public oversight. 4. Distinguish between different audit firms. 5. Identify some current developments in the audit market. 6. Portray the series of industry codes of conduct and guidance 2.2 Introduction
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smaller public companies (nonaccelerated filers). While all public companies are subject to external auditor and management attestation on the effectiveness of internal control over financial reporting following SOX, the Securities and Exchange Commission (SEC) granted nonaccelerated filers numerous extensions for the effective date of required auditor attestation. In 2010, President Obama signed legislation to permanently exempt nonaccelerated filers from auditor attestation. The case also highlights
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foundation. ANNUAL REPORT 2012-13 from a Great things grow firm foundation. from a Great things grow firm Financial Highlights & Key Ratios Shoppers Stop Ltd. (` in lacs) 2008-09 72 141,298 6,438 134,860 2,555 137,415 90,034 8,588 33,868 132,490 4,924 2,560 6,313 (3,949) 2,486 (6,436) (6,372) 3,487 — 19,822 20,776 — 44,085 25,873 8,467 15.9% 1.2% 31.7% 30.0% 3.5% -2.8% -4.6% 0.98 3 94 4.0 1.5 3.1 0.9 -5.2% -3.0% 66.85 (18.3) (18.3) (0.17)
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assurance Overview This module builds on the fundamental concepts of auditing and other assurance services introduced in your prerequisite auditing course. It begins with an overview of the key drivers in the demand for audits, and then surveys current challenges and issues such as the audit and regulatory environment and the expectation gap. You will also study issues related to the economics of auditing and their impact on auditor motivation and standard-setting; in the process, you will consider different
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Governance in Non-Profit Healthcare MGMT 640 Executive Summary Good leadership, financial management, and governance are the essentials for success in any organisation, whether the organisation is a non-profit organisation or a for-profit organisation. In non-profit healthcare the seamless interaction of all the parts makes the organisation successful as a whole. Service provided must be consistent with the goals of the organisation
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development of the accounting profession in China. B. Accounting and auditing in China have taken different paths in their development processes. Auditing firms audited mainly domestic companies, and were under the State Administration of Audit (SAA), whereas accounting firms focused on companies using foreign investments and were sponsored by the Ministry of Finance. C. Unlike in the U.K., where there was a good legislative and judicial environment during the early stages of the
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EXECUTIVE SUMMARY GAC Philippines, Inc. is one only of the many branches of Gulf Agency Company (GAC) Group. The company provides a comprehensive portfolio of shipping and logistics services. The company also provide services like professional warehousing, distribution and 3rd Party Logistics (3PL) services throughout the Philippines. GAC Philippines Inc. is a newly industrialized country and is a founding member of the Association of Southeast Asian Nations (ASEAN). The company is part of the
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Higher Education Quality Enhancement Project HEQEP Operations Manual for Innovation Fund Second Edition evsjv‡`k wek¦we`¨vjqgÄyixKwgkb University Grants Commission of Bangladesh Ministry of Education Government of the People’s Republic of Bangladesh Operations Manual for Innovation Fund (2nded.) IFOM Preparation Committee: Professor Abdul Mannan, Chairman, UGC Professor Dr Mohammad Mohabbat Khan, Member, UGC Professor Dr AbulHashem, Member, UGC Professor Dr Md. AkhtarHossain, Member, UGC
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assurance Overview This module builds on the fundamental concepts of auditing and other assurance services introduced in your prerequisite auditing course. It begins with an overview of the key drivers in the demand for audits, and then surveys current challenges and issues such as the audit and regulatory environment and the expectation gap. You will also study issues related to the economics of auditing and their impact on auditor motivation and standard-setting; in the process, you will consider different
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