THE ROLE OF AUDITORS IN THE CONTEXT OF CORPORATE GOVERNANCE Asst. Prof. Loganathan Krishnan Abstract Auditors examine company’s accounts and report to the company on the accounts. Fundamentally‚ the concern is how auditors carry out these duties effectively. Legislations namely Companies Act 1965‚ Securities Industry Act 1983 which has been consolidated as Capital Market and Services Act 2007 have made major inroads to ensure that auditors carry out their duties and obligations effectively. Additionally
Premium Audit Corporate governance Auditing
individuals over what they deem to be valuable. Since these values are inadvertently chosen by the subject‚ it is impossible to be "wrong" when making value judgments‚ but it is still possible to make these value judgments irrationally. One might choose randomly‚ without thinking about their judgment‚ or one might contradict themselves in their judgment. Our words and actions often conflict with each other‚ we sometimes take actions without realizing what the consequences will be‚ and perhaps worst of
Premium Philosophy Reason Rationality
What is the best way to balance protection of the U.S. homeland and individual rights?” B. Explain why it is a question of judgment. A question of judgment is a question that has to be thought out and reasoned before an answer can be concluded. All of the facts in finding an answer to a question of judgment can be interpreted differently. Examples of Judgment questions: * Should parents have the right to spank their children? * Should people be allowed to smoke in public places?
Premium
following: a. Increase clarity. Our thoughts‚ feelings‚ behaviors and words would not be clouded by judgments and we could see what was actually going on. We would not be overwhelmed by analysis of the surrounding situations. b. Social relationships would benefit in other contexts. We could accept people as they are. Without imposing judgment we would be more tolerant of their behaviors‚ even those we wouldn’t ordinarily approve. c. Increased
Premium Judgment
Evaluate the claim that ethical judgments could be founded on self-interest alone Egoism is the idea of putting the interests of oneself before the interests of others when making a moral decision. This idea is often perceived in a negative way because people generally don’t like to think that they are selfish or making decisions based on their own self-interest. I believe that there are a variety of judgments and decisions that are based on self-interest. If you explore deep into why a person
Premium Ethical egoism Individualism Ethics
Culture Influences Judgment of Others Wynne Parry‚ LiveScience Senior Writer | April 13‚ 2011 05:52pm ET 1 0 0 Share 0 European Americans are more likely than Asian-Americans to judge an individual’s personality based on behaviors‚ such as presuming someone who‚ say‚ won’t touch a door handle is neurotic‚ a new study suggests. The key is cultural‚ according to the researchers. European American culture emphasizes individual independence; meanwhile‚ Asian culture is more interdependent
Free United States Europe Psychology
A Journey can be a process of self-discovery‚ a movement of one’s location‚ a shift in direction leading to an understanding of the world and themselves. In order for a journey to take place it must have one key ingredient‚ that is‚ a traveller. Journey is happening all around us to deny it is to deny the very meaning of life itself‚ it is a necessary part of human nature and it’s how we act upon it that defies the impact felt and destination found. Through Michael Gow’s ‘Away’ and ‘The Blind Side’
Premium The Blind Side
of financing if necessary • Obtain bids by contractors and compare it to sweat equity. • Sourcing of best materials (such as pressure-treated lumber‚ cedar‚ and composites) and that will fit family’s needs • Checking with community resources about permits • • 4. Project Constraints • Weather • Amount of time available to work on project: sweat equity • Slope and elevation of back yard • Project costs • Availability of contractors • • 5. Project Risks The risks associated
Premium Building Construction General contractor
Chemical Earth 1. The living and non-living components of the Earth contain mixtures Construct word and balanced formulae equations of chemical reactions as they are encountered 1. Build a word equation Reactants on left‚ Products on right 2. Convert word equation into chemical formula for the reactants and products Using valency rules 3. Balance the equation Adjust coefficients to get equal numbers of each kind of atom on each side 4. Specify the physical state for each species present
Premium Water Oxygen Chemistry
When Terminator 2: Judgment Day (1991) came out‚ it gained notoriety as the first movie with a budget exceeding $100 million; however‚ today‚ T2 doesn’t even crack the top 200 in terms of the highest budgets and‚ in fact‚ 45 of the 50 most expensive films ever made were produced in the last 10 years (Buchman‚ 2014‚ para. 1). But why are today’s movies so costly to make? The information that follows will attempt to answer this question. However‚ before that‚ we’ll see how movies are financed‚ marketed
Premium Film Steve Jobs Apple Inc.