everything it does, being a good citizen in the communities where it operates, and making sure it gets the best employees by providing the best working environment. Its main key objective is to be a responsible company. Vodafone is committed to high standards of ethics, corporate social responsibility and corporate governance that are considered critical to business growth and integrity. The company does not treat CSR as a gesture or add-on; it is part of its core business to achieve sustainable organization
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Abstract This paper discusses the role and function of the Public Company Accounting Oversight Board (PCAOB) and Auditing Standard 5 (AS 5). Due to the increased demand for oversight in auditing standards, this paper also examines the impact of Sarbanes-Oxley (SOX) and the reasons for the creation of the PCAOB, as well as the implementation of the rules and regulations. Additionally, this paper examines the impact of AS 5. Keywords: audit, AS 5, financial statements, PCAOB, SEC, SOX Table
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AND PRACTICES | 3.0 | Kursus Utama | Bukan Pilihan | 9 | 2 | BEL462 | READING AND CRITICAL THINKING | 2.0 | Kursus Bukan Utama | Bukan Pilihan | 10 | 2 | ECO411 | MACROECONOMICS | 3.0 | Kursus Bukan Utama | Bukan Pilihan | 11 | 2 | FAR265 | PRINCIPLES OF FINANCIAL ACCOUNTING | 3.0 | Kursus Bukan Utama | Bukan Pilihan | 12 | 2 | HBU121 | NATIONAL KESATRIA II | 1.0 | Kursus Bukan Utama | Pilihan | 13 | 2 | MKT420 | PRINCIPLES AND PRACTICE OF MARKETING
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off-balance-sheet items, complex financing structures, and deals so bewildering that made financial statements misleading and difficult for the stakeholders to understand, deceiving the main objective of financial reporting which is “to provide financial information about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors in decisions about providing resources to the entity” (Kieso, Weygantdt, & Warfield, 2013, p. 5). Enron set up thousands
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Enron, Tyco and WorldCom, have reduced the overall confidence in the capital market and had a devastating impact on pension assets. As a result, on July 30, 2002, Congress passed the Sarbanes-Oxley Act, creating the radical changes affecting the practice and regulation of accounting and auditing. Evaluation of effectiveness of regulations such as SOX over minimizing the corporate fraud and protecting investors and suggestion for improvement After the scandals, the public was demanding accountability
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a company in compliance with the Generally Accepted Accounting Practices. Prior to the act, company management hired the auditing firm, negotiated the fee and could request the firm perform other services. The Sarbanes-Oxley Act requires that an audit committee of the company’s Board of Directors hire the auditing firm with restricted duties. The researcher concludes that an auditor could and should be trained to understand ethics and how it influences behavior. This is a tool auditors could use
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International Standards for Islamic Finance AAOIFI – Introduction AAOIFI & IFRS - Comparison on structural objectives AAOIFI & IFRS - Categories of accounting standards for Islamic financial institutions AAOIFI & IFRS - Examples of main differences Adoption of AAOIFI Standards How AAOIFI Standards Support Islamic Finance Industry www.aaoifi.com For more information on the Institute of Management Accountants, visit www.imanet.org AAOIFI – Introduction • Responsible for formulation and issuance
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need to adjust and realign KIN’s focus and strategies. This reality requires strategic responses through a rigorous and adaptable planning process. Building on our strengths and successes KIN has a proven commitment to sound HR management practices and has been a leader in addressing issues such as diversity, official languages, labor relations and HR planning. This will continue through new initiatives and actions outlined in KIN’s Integrated People Management Strategy. KIN supports the
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audits, policies for control purposes. Basically it provides an oversight of public accounting firms that do auditing. 2. Auditor Independence: It provides standards for external auditor independence, so that conflicts of interest can be minimized. It also mentions the requirements for appointing new auditor and auditor reporting requirements. Auditing companies are prohibited from providing non-audit services (consulting) for the clients for whom they provide auditing services. 3. Corporate
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audits, policies for control purposes. Basically it provides an oversight of public accounting firms that do auditing. 2. Auditor Independence: It provides standards for external auditor independence, so that conflicts of interest can be minimized. It also mentions the requirements for appointing new auditor and auditor reporting requirements. Auditing companies are prohibited from providing non-audit services (consulting) for the clients for whom they provide auditing services. 3. Corporate
Words: 1425 - Pages: 6
