Materiality If we were investors in this company‚ we would consider 5% to be material. The company does not seem to have any high risk of fraud or material misstatement‚ so we are very comfortable with the quality of its financial reporting. A misstatement of 5% or above in any of the significant company accounts‚ or a combined misstatement of 5% or above for the company accounts as a whole‚ would require increased investigation and would reduce our confidence in the records. Any misstatement
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In other words * The purpose of those conditions is to require accrual of losses when they are reasonably estimable and relate to the current or a prior period. Paragraphs 450-20-55-1 through 55-17 and Examples 1–2 (see paragraphs 450-20-55-18 through 55-35) illustrate the application of the conditions. As discussed in paragraph 450-20-50-5‚ disclosure is preferable to accrual when a reasonable estimate of loss cannot be made. Further‚ even losses that are reasonably estimable shall not be
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Not Responsible” by Harryette Muller uses a familiar format‚ repetition‚ and underlying meanings to poke fun at the rules and norms of the society every one of us strive to achieve in. The most visually noticeable part of this poem is the format. It isn’t written in familiar stanzas with any kind of meter or complex organization‚ but is simply a paragraph. The poem reads like the average disclaimer on the side of the television or amusement park ride. It reads first “We are not responsible for
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Tutorial 1 : What is does the term ’responsible business’ mean to you? Business is known as Corporate Social Responsibility (CSR) or Corporate Responsibility (CR) (ORB‚ 2009). In the world of business‚ CSR has many definitions with some describing it as a more philanthropic activity (ORB‚ 2009). Based on ORB (2009) the definition used in the World Business Council for Sustainable Development publication "Making Good Business Sense" by Lord Holme and Richard Watts is mostly used and accepted.
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The question to be asked is‚ are the parents really the problem here? Or is it something more severe? Punishing parents by the law is not the way to handle such rise in crime rates. Though I do believe that the parents should be held somewhat responsible for their children’s mistakes‚ I do not believe that they should be punished by the law. Some other things we need to consider are the effect that schools have on children‚ and how it can affect them mentally. “Do not train a child to learn by
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did appear to be mostly accountable for the war; however‚ they were other events which consider the events in other countries in Europe. Germany was responsible for the World War One because Germany wanted a war to achieve its expansionist aims‚ which are referred to as Weltpolitik. This aggressive policy brought about the war because it was responsible for several major diplomatic crises that would eventually lead to war. Examples of these crises are the First Moroccan crisis of 1905-6‚ the Bosnian
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Council for Responsible Genetics The Council for Responsible Genetics (CRG) is a non-profit NGO with a focus on biotechnology ‚ the Council for Responsible Genetics was founded in 1983 in Cambridge‚ Massachusetts. An early voice concerned about the social and ethical implications of modern genetic technologies‚ CRG organized a 1985 Congressional Briefing and a 1986 panel of the American Association for the Advancement of Science‚ both focusing on the potential dangers of genetically engineered
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Responsible Caving Published by The National Speleological Society A Guide to A Guide to Responsible Caving National Speleological Society 2813 Cave Avenue Huntsville‚ AL 35810 256-852-1300 nss@caves.org www.caves.org Fourth Edition‚ 2009 Text: Cheryl Jones Design: Mike Dale/Switchback Design Printing: Raines This publication was made possible through a generous donation by Inner Mountain Outfitters. Copies of this Guide may be obtained through the National Speleological Society
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Comprehensive Income Tax Course: Module 2 Final Exam 1. Fred prepared his own tax return last year. This year Fred decided to have his tax return prepared by a professional. During the interview process Fred’s tax preparer realized Fred needs to repay the education credit he took for his son last year. For which of the following reasons would a taxpayer be required to repay an education credit? a) Taxpayer received a refund of personal living expenses b) Taxpayer received tax-free educational
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Question 1 Harnischfeger’s corporate recovery plan was a four pronged approach that involved (1) changes in top management‚ (2) cost reductions to lower the break-even point‚ (3) reorientation of the company’s business and (4) debt restructuring and recapitalization. These changes at first glance appear to have allowed Harnischfeger to improve its financial performance from a net loss of $3.49 per share in 1983 to a net gain of $1.28 per share in 1984. In addition‚ Harnischfeger has appeared
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