order for that auditing firm to be liable for any damages done unto the third party. In the Ultramares v. Touche case‚ the judges found that a liability arose out of a duty that Touche‚ the accounting firm‚ owed to the non-client‚ Ultramares. Touche certified that their client‚ for whom they were performing the audit‚ was solvent when in fact it was not. In the case‚ it is pointed out that Touche knew their client was borrowing at large sums and required “certified balance sheets for continuing existing
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When navigating our way through the time era of Hans Christen Anderson‚ there comes many a time when we must pause and ask ourselves‚ why did he write this? What message was he proposing? What role does this character play in the story? Often times there are many answers that can be taken either as a matter of fact or as debatable. No one knows the true mind of the great author‚ but of course himself‚ hence‚ whatever words I may write is only a speculation of a mere high school student. Knowing this
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Abstract Architectural design of firm may vary among companies. There are most common categories are business environment‚ strategy‚ and organizational architecture. Business environment of Andersen includes technology that was used effectively; structure of its markets‚ regulations which helped Andersen to grow along with its reputation. The second category is strategy which includes Andersen’s primary goals‚ choice of business‚ and services. Finally‚ the last category is organizational architecture
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References: Deloitte Touche Tohmatsu (2008). IFRS and U.S. GAAP A Pocket Comparison. Retrieved on November 7‚ 2011 from: http://www.iasplus.com/dttpubs/0809ifrsusgaap.pdf FASB (1981).Statement of Financial Accounting Standards No. 51. Retrieved on November 7‚ 2011 from:
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Integrating theories is an important skill to know. If there is no theoretical basis for what a counselor should be looking for‚ even if there are many bases to look at‚ that makes for a counselor who may be lacking in the fundamental trainings and may not be able to do their job correctly. It can be daunting‚ to say the least‚ to integrate theories into the way that a therapist practices. There is a wealth of information that can be found to help with the integration process. The main concern
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with the teachings of Christ. There are possibilities for integration of the two elements into a larger defined set; it is also putting units together so that they work together as a whole. Healing solutions for a hurting nation through psychology integrating is‚ to restore to health or soundness; cure a means of solving a problem or dealing with a difficult situation‚ in Jamaica. According to Holmes‚ An integrated psychology will be defined by the differences that Christianity makes to a person of
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The Three Little Pigs Inc 1) How should the Company determine whether an inventory impairment exists at September 30‚ 2002? More specifically‚ how should management evaluate impairment? The main goal of evaluating impairment of inventory is to provide users of financial statements an accurate assessment of how the company stands. PIGS has three categories of inventory – live hogs ready for sale‚ developing animals‚ and processed pork products. Within these categories‚ PIGS has inventory of
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INTRODUCTION For centuries‚ shipping is the backbone of trade and transport‚ be it cargo trading or in older times long distance human transport. Lately‚ it can be rightly said‚ shipping industry has become the most important factor attributing to globalization. Following topics have been covered in this paper: Identification of the part of shipping industry I am working in Identification of key drivers of change for maritime industry using PESTLE analysis method. Key uncertainties identified
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title Sarah’s scribbles is a comic written by Sarah Andersen‚ a young American artist. She started making comics when she was in college getting her art degree. She finds inspiration from her daily life‚ and started making comics as a way to express her feelings. She likes to take her feelings about situations and turn it into joke that’s universally relatable for everyone. She depicts universal experiences many women face‚ covering topics such as: menstruation‚ capitalism‚ love‚ metal health‚
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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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