Corporate governance committees and regulators around the world have addressed the need for effective audit committees‚ with many requiring that listed companies must have a committee (European Union (EU) 8th Company Law Directive‚ 2006; Smith Report‚ 2003; United States (US) Congress‚ 2002). Recognising that the existence of a committee does not guarantee that the committee will be effective‚ attention has moved to the composition and activities of audit committees. Recommendations have
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Chapter 16 - Reconstruction: An Unfinished Revolution‚ 1865-1877 I. Introduction The end of the Civil War brought profound changes to the United States. Reconstruction changed some things‚ but it did little regarding social equality and political turmoil. In the end‚ the government established black suffrage‚ but this reform proved insufficient to remake the South or to guarantee human rights. II. Wartime Reconstruction A. Lincoln’s 10 Percent Plan Lincoln planned for a swift
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The Parliament of India is the supreme legislative body in India. Founded in 1919‚ the Parliament alone possesses legislative supremacy and thereby ultimate power over all political bodies in India. The Parliament comprises the President of India and the two Houses—Lok Sabha (House of the People) and Rajya Sabha (Council of States). The President has the power to summon and prorogue either House of Parliament or to dissolve Lok Sabha.[6] India’s Parliament is bicameral; Rajya Sabha is the upper
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slaveholding states and Free states. The slaveholding states feared that if they became outnumbered in Congressional representation that they would lack the power to protect their interests in property and trade. In 1819‚ the slaveholding territory of Missouri applied for admission to the Union. Northern states opposed it‚ feeling that Southern slaveholding states held too much power already. Congressional debates went on for a while until the District of Maine‚ originally part of Massachusetts‚ sought
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formed nation‚ therefore they adopted the republican form government. The trustee model of congressional representation consists of the congressional representative voting on issues based on his/her own views‚ whether or not they conflict with the views of his/her constituency. It is called the attitudinal view because they representative acts based on his/her own values. The delegate model of congressional representation consists of the representative voting based on the views of his/her constituency
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all system except Maine and Nebraska. In these two states proportional representation is how electoral votes are decided. The electoral votes in these states are allocated per congressional district; the two remaining senatorial based votes are determined by majority vote. In Maine for instance‚ there are two congressional districts plus the two Senatorial based votes totaling four. If one districts popular vote is for candidate A and the others is for candidate B‚ then each candidate would receive
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catalyzed what important meeting? a. The Second Continental Congress b. The Constitutional Convention c. The First Continental Congress d. The New England Confederation e. The Washington Convention What was the main purpose of the “committees of correspondence”? a. To plan secret attacks on British soldiers b. To organize the first battles of the revolution c. To have a forum for colonists to voice dissent d. To establish a network of communication between the colonies e.
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self-regulatory process as well as the effectiveness of the audit to uphold public trust in capital markets. Legislation to address shortcomings in financial reporting was slowly progressing in Congress. The sudden collapse of WorldCom guaranteed swift congressional action. President Bush signed the Sarbanes-Oxley Act in to Law on July 22‚ 2002. The most significant legislation affecting the accounting profession since 1933. Developing meaningful reforms that protect the public interest and restore confidence
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American government and related issues of policy making. In this context‚ we are studying the three sides of the so-called “Iron Triangle”. The term refers to a powerful three-sided combination‚ made up of certain members of Congress (or Congressional committees)‚ certain parts of the bureaucracy (executive branch agencies and administrative departments)‚ and special interest groups. Each of the entities comprising the triangle arguably seeks to capitalize on (and expand) its own particular angle
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JPMorgan Chase & Co. The 2012 Derivative Debacle Table of Contents Company Overview 3 Derivative Debacle Overview 4 Events Leading Up to the Debacle 5 Credit Default Swaps and their Use 5 Why did JPMorgan Lose Nearly $6 Billion? 7 What Did we Learn from this Debacle? 9 Works Cited 11 Company Overview JPMorgan Chase & Co. is the leading financial services firm in the world with operations in over fifty countries. It was founded and based in the United States where
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