Milan Stock Exchange. It was the eighth largest industrial group and contributed to 0.8% of the country’s GDP. Around 36000 workers and 6000 dairy farms depended on Parmalat. The company had to change its external auditor from Grant Thornton to DeLoitte and Touche in 1999 as Italian law states that changes in audit firms has to occur every nine years though the previous auditor can be consulted for concerns related to the firm. This was the main reason the scandal came to light. In 2003‚ the firm
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companies for new college graduates proves this point. Because these accounting firms are among the first to pay close attention to how to attract and keep Gen Y. Ernst & Young uses Facebook to let prospective employees talk freely with real ones. Deloitte will show a rap video about office life—made by interns—to give students a realistic view of the company. And PWC requires some bosses to get a second opinion on their evaluations of new hires to make sure the feed back is clear enough‚ the goals
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Leading through uncertainty Singapore Budget Commentary 2013 Foreword Greetings from your tax team at Deloitte. The Minister for Finance presented the 2013 Budget Statement on 25 February 2013 and we are pleased to provide our commentary on the tax and certain other changes proposed therein. Overall‚ Budget 2013 offers various tax measures and sets out the strategies to achieve quality growth and build an inclusive society for Singapore. The tax measures are further explored in our commentary
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Corporations in Australia have started adopting IFRS as its domestic financial reporting standards since 2005. Although AIFRS applied almost whole contents and wording of IFRS‚ owing to the different domestic legislative environment‚ some modifications were needed and included the removal of certain options permitted or wording changes under IFRS. The species of these differences that exist between IFRS and AIFRS can be universally sorted as follow: 1. Recognition differences. 2. Measurement
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How Does a Lattice Organization Work?. CHRON. Retrieved from http://www.smallbusiness.chron.com/lettice-organization-work-3846.html Fortune (2014). 100 Best Companies to Work For in America. Retrieved from http://www.money.cnn.com/magazines/fortune Deloitte Review (2011). The Corporate Lattice: A Strategic Response to the Changing World of Work. Retrieved from www.forbes.com/.../corporate-lattice-ladder-leadership-managing
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Siaka Jatta 1. Business Decision; that compares the costs and benefits of manufacturing a product or product component against purchasing it. If the purchase price is higher than what it would cost the manufacturer to make it‚ or if the manufacturer has excess capacity that could be used for that product‚ or the manufacturer’s suppliers are unreliable‚ then the manufacturer may choose to make the product. This assumes the manufacturer has the skills and equipment necessary‚ access to raw materials
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ACC 5470 Speech Outline: Why the United States should continue using US GAAP and not adopt IFRS I. The adoption of IFRS is unlikely to have any major impact on reporting quality. a) U.S. firms currently optimize their reporting strategies‚ therefore they are expected to resist changes that are not in their interest by using the flexibility inherent in the standards. b) It is also unlikely to lower the reporting quality‚ as firms can always go beyond the required disclosures
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What can do as AIS? User Designer Auditors System advisors Information system users Accountants use information systems to generate information for decision makers. Accountants as System Designers The accounting function is responsible for the conceptual system‚ while the computer function is responsible for the physical system. Accountants as System Auditors Financial auditors (Internal or External) Attest to fairness of financial statement Attest to fairness of internal controls
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In the year 2002‚ the US reached a land mark decision when the Sarbanes Oxley act was finally affected into law which principally changed the way auditing and financial reporting was being conducted. This act was prompted by high level frauds that public companies engaged in with regard to financial reporting and auditing practices. The act therefore recommended the setting up of a Public accounting Oversight board which was mainly to conduct regulatory and supervisory roles in auditing public audit
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MFRS 137 Provisions‚ Contingent Liabilities and Contingent Assets According to Deloitte‚ MFRS 137 prescribes the accounting treatment for provisions‚ contingent liabilities and contingent assets are made by using the best estimates as to ensure that users of financial statements receive adequate and appropriate information for investment decision-making process (Essays‚ 2013). Provision is made for the doubtful debts and impairment losses. These are adjustments to the carrying amount of the assets
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