refers to a person who is qualified by education, experience, technical ability, and temperament to advise/assist businessmen on a professional basis in identifying, defining, and solving specific management problems involving the planning, direction, control, and operation of the firm. Management Consultancy is not limited to CPAs. Any professional may practice the same, as long as he has the required competence, experience and technical ability to solve business problems. The practice as well as
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include: The appointment of the Chairman or Executive Chairman; The overall corporate governance of the Company including its strategic direction, financial objectives, and overseeing (or supervision) of control and accountability systems; Input into and approval of strategic plans and goal and performance objectives, key operational and financial matters, as well as major investment and divestment proposals; Appointing and removing the Chief Executive
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of control over managers. The Combined Code was introduced based on the recommendations of the following reports: The Cadbury Report 1992 Recommended a ‘Code of Best Practice’ This was a voluntary code and its main proposals were related to: The composition of company boards The length of directors contracts Disclosure of remuneration packages Auditing matters Greenbury Report 1995 Reinforced the ‘Code of Best Practice’ recommended by Cadbury and made further recommendations regarding
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ACCT504 Case Study 2 1. Inform the president of any new internal control requirements if the company decides to go public. (7 points) I would inform the president of the following controls to make the company better. Background checks for employees should be number one to avoid any issues down the line. The idea is to install some type of filters that automatically checks for strange behaviors. The president should also considered, 2. Advise the president of what the company is doing
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1 Best practice recommendations for emerging markets IPOs Published by Deutsche Börse AG in collaboration with Deutsche Börse Listing Partners 2 Preamble Preamble The following recommendations and suggestions are designed to help issuers as well as participating banks and advisors to address the special characteristics of an emerging markets company’s initial public offering (IPO) and thus to contribute to a successful IPO. They do not constitute mandatory procedures for conducting
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Riordan Corporate Compliance Plan Riordan Manufacturing Riordan Manufacturing is a global plastics producer with an employee base of 550. The company has projected annual earnings at $46million and is owned by Riordan Industries. There are different segments of the company but the major customers are the automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers, bottlers, and appliance manufacturers. The company has recently undergone some strategic changes
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situation in Flat Cargo Berhad……………..…8-9 Who is responsible in the fraud of Flat Cargo Berhad ……………………………………..…10-11 Prevention Measures for Fraud ……………………………………………………………….12-13 Detection Measures for Fraud…………………………………………………………...……14-15 Recommendation…………………………………………………………………….……….16-17 Conclusion…………………………………………………………………………...……….18-19 References………………………………………………………………………………………..19 Introduction The case is related to one company known as Flat Cargo Berhad (FCB), FCB was one of the largest
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Table of Contents Table of Contents ……………………………………………………………………………...1 1.0 Company Profile ………………………………………………...……………………….2 2.0 Composition of Board …………………………………………………………………2 3.0 Duties and Responsibilities of Board ……………………………………………………..3 4.0 Chairman and Managing Director (MD) ………………….……………...……………….4 5.0 Commitment of Directors ……………………………….……………...…………………4 6.0 Audit Committee (AC) ………………………………………..……………….………….5 7.0 Risk Management ……………………………………………….…………………….…..5 8.0 Nomination Committee
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partner, director of internal audit, and controller to be briefed on audit findings and approve the scope of planned audit activities. Also, significant changes in internal control over financial reporting are presented and explained. –The Audit Committee and compensation committee approves the recommendations of the controller regarding the annual appointment of the external auditor, and the compensation and retention of the director of internal audit .–Biltrite's internal audit staff of three
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increasingly fierce market competition and the internal management problems such as poor accounting standards, the stock price of the company collapsed. Some shareholders had lost faith in the company. A major shareholder of the company was urging the CEO to sell the company. So the company faced two alternatives, one alternative was to sell the company to meet the demand of shareholders; the other alternative was to strengthen its internal control system to remedy the management fault. In this way
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