CORPORATE FRAUD & THE ROLES OF AUDITOR (BANGLADESH PERSPECTIVE) Submitted To: Tahmina Ahmed Lecturer Department Of Accounting And Information Systems University Of Dhaka. Submitted By: Group No. 02 ID 18003 18051 18053 18073 18089 18200 NAME Safiqur Rahman Mahadin Anik Mahmudul Islam Arnab Kumar Chakrabartty Abdullah Al Noman Namrata Chakma Date of Submission: November 11‚ 2014. 1|Page This Report Includes The Following Contents Chapter No. Contents Page No. 01.Introduction 1.1 1.2 1.3 1.4 Introduction
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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
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IN DEPENDENCE OF AUDITOR – ENRON AND ARTHUR ANDERSEN CASE Introduction The world economy in recent years has got some significant growth but also had quite serious scandals. They caused the shakes for many‚ both citizens and authorities. Therefore‚ it is a challenging time and it is the time for change. An absolutely necessity is to enhance the true reliable financial information because the success on the capital market depends on it. The key factor is to assure that auditors must take a completely
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Stevenson (1932) is the first case law relevant of liability to third party. However‚ in this case‚ the liability is only established if there are physical harms of loss by third parties (not economic losses) Candler & Crane Chrismas (1951) is the next stage of development‚ where there is liability for financial loss if there is a contractual relationship‚ a fiduciary relationship or a fraud Hedley Byrne & Co Ltd vs Heller & Parties Ltd (1963) is a significant point of development‚ where there
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Party Driven Elections Political parties are the driving force behind elections in the United States. Since the Reconstruction‚ no third-party candidate has even been close in winning the Presidential Race (Schattschneider 186). Also since then‚ only 163 third-party candidates have been elected to government office without being affiliated to the two major parties( Schattschneider 189).George Washington was the only man to be President as a true independent. Many people may look at this and
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INDEPENDENT PARTY 1) Values and Beliefs -Protect the right to life of the innocent unborn; -Stop the undeclared wars which are daily costing American lives and billions of tax dollars; -Stop reckless spending‚ including foreign aid‚ and take care of America’s domestic needs -End debt financing of both Federal and State governments; -End the Federal income tax‚ and restore a tariff based revenue system; -Immediately terminate international trade agreements such as NAFTA‚ WTO‚ and the proposed
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AUDITOR’S INDEPENDENCE AND ACCOUNTABILITY IN NIGERIA PUBLIC ENTERPRISE This study seeks to identify the determinants of auditors’ independence in public enterprises and determine the policy implications of lack of auditors’ independence in the public sector. The data for the research was primary and collected via questionnaire from the Nigerian Ports Authority Headquarters Lagos. The questionnaire responses were analyzed using the percentage method. The hypothesis was tested using
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Responsibility These days it seems like cheating is everywhere from the baseball diamond to the classroom. With stories of professional dishonesty and performance-enhancing drugs permeating the adult world‚ it ’s no wonder that studies show academic cheating among children and teens on the rise. But while cheating on a test or plagiarizing an essay may seem a quick way to get a leg up‚ students are actually holding themselves back from the type of meaningful learning that will serve them best in
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As the convergence of IFRS and GAAP continues to impose new personal and professional challenges on U.S. auditors‚ it also presents new career opportunities for those who embrace the continuous‚ accelerating change that characterizes globalization. U.S. auditors who recognize the opportunities and prepare to take advantage of them have little to fear from the convergence. In contrast‚ auditors who are in denial about the convergence’s inevitable effects face a very different future.
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Democratic Party v Republican Party There are two major political parties in America right now; the Democrats and the Republicans. Everyone knows that the Democrats are more liberal and the Republicans are more conservative but might not know what each party really stands for and how they are similar and different. According to the Democratic National Committee‚ the Democratic Party was “founded on conviction that wealth and privilege shouldn’t be an entitlement to rule and the belief that values
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