The recognition of substantive legitimate expectations is to be welcomed‚ but the standard of review in such cases remains problematic. Discuss. Fairness and legal certainty are two crucial factors to be seen in decisions made by public authorities; the doctrine of legitimate expectations was first formulated by Lord Denning MR in Schmidt v Home Secretary (1969).The doctrine comes into play when a public authority makes a declaration regarding its policy‚ or the manner in which it will exercise
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CONTROLS IN AN EDP ENVIRONMENT The second standard of field work requires that we obtain a sufficient understanding of the client’s internal controls (I/C) to plan the audit and assess control risk. We hope that our assessment of control risk shows it to be low so that we can reduce substantive testing‚ thereby reducing audit costs. When EDP is used in significant accounting applications‚ then you must consider the effects the computer has when evaluating the internal controls. The auditor’s
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“The Real Generation Gap” an article written by Marianne M. Jennings‚ is an article talks about “Generation X” which is the group of people who were born in the 1980’s. Statistics tell us that the gap between all the generations is wider in certain areas. There are five areas in which the gap is most pronounced; skills‚ knowledge‚ critical‚ thinking‚ work‚ and morality. The skills gap is telling us about how grade inflation is becoming more of a problem. Students can have a 4.0 in high school
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INTRODUCTION A tax policies represent key resource allocator between the public and private sectors in a country. It is usually imposed on individuals and entity that make up a country. The funds provided by tax are used by the states to support certain state obligations such as education systems‚ health care systems‚ pensions for the elderly‚ unemployment benefits‚ and public transportation. A nation’s tax system is often a reflection of its communal values or the values of those in power. To
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Assignment Questions: 1. How can multinational companies (MNCs) such Gap and Levi Strauss have positive and negative effects on the host countries in which they operate? List the possible associated benefits and concerns of their presence. (5 Marks) Chapter 4 and 5: A multinational company or corporation (MNC) is an organization that has business operations in different countries. MNCs get involved in global activities to take advantage of business opportunities in several geographic areas and
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GENERATION GAP "When you are as old as me now‚ you will have the same opinions as me" - said my mother when we had a sensational discussion. I can’t understand what she said. I thought much about it and I realized that we have many differences. So what is its cause? I think the main cause is the generation gap. "Generation gap" is a popular term used to describe the wide differences between members of younger generation and their older. A generation gap exists when older and younger people don’t
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Definition of Audit: To audit means to go through the process of examining and verifying a company ’s financial records and supporting documents. While a business might go through an audit for any number of reasons‚ such as wanting to attract investors‚ get a loan‚ or sell the business‚ for many business people the word "audit" is welded to the words "income tax". An income tax audit is an inspection and verification of a company ’s records and supporting documents conducted by a CRA (Canada
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Phillip Canamar Accounting Case Analysis LP1 Assignment: Audit Failure 1. Analyze the actions of the auditors in both cases and identify any errors in judgment made by the auditors. The action of the Auditors‚ Audit Committee‚ and top management that worked for Molex Corporation were in error because FASB Concept Statement #2 (materiality defined) appears to apply to this case and should have know the appropriate way to handle the situation that conforms with GAAP and adjust the financials
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Feudalism is present in Nigeria Feudalism has been around since the medieval life. The feudal system was a way of government based on responsibilities between the king or lord and vassal. The king would give large estates to his relatives‚ and these estates would range from his large assets to just a small piece of land; for example‚ farms‚ barns‚ animals and houses. And in return‚ what so ever the king asks the relatives to do they have to respond to it as the king commands. In my understanding
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DIVERSITY AUDIT Diversity Audit at Starbucks Starbucks Corporation is a multinational company based in United States. It was founded in the year 1971 and is headquartered at Seattle‚ Washington. Starbucks is engaged in the business of selling coffee‚ coffee beans and different types of bakery products all over the world. The company also has a division known as Starbucks Entertainment division which is utilized for marketing films‚ music and books (Yahoo Finance‚ 2012). The coffeehouses owned
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