to be binding to another party. Actual Authority Express Authority ‘An actual authority is a legal relationship between principal and agent created by consensual agreement’ (Lord Diplock). The express grant written in clear terms states Terry is “authorised to enter contracts on LML’s behalf‚ up to a monetary limit of $500‚000”. However‚ the fact that Terry devises a new contract for a price of $1‚400‚000 means he no longer has express authority as an agent to make this contract binding with
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critical analysis on tax disclosure of two selected companies—GD Express Carrier Berhad (GDEX) and Bonia Corporation Berhad (BONIA) which falls under trading/services sector and consumer sector respectively. Analysis is based on the annual report 2015 of each company (extracted in the appendices). All detailed calculations are performed in the footnotes attached. GDEX‚ founded in 1997‚ focuses on two business segments‚ namely‚ Express delivery and Logistics. Primarily‚ it operates in Malaysia and Singapore
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Q1) What is the industry attractiveness like in 1997? Has it changed in recent years? Q2) Does Airborne Express have a competitive advantage? Is it sustainable? Q3) What recommendations will you give Airborne Express? ---------------ESSAY START ------------------ Industry Attractiveness in 1997 The industry is defined as the Domestic US Express Mail industry. This includes overnight and second day delivery. In order to assess the attractiveness of the industry‚ a Porters’ Five Forces analysis
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Auditing is the accumulation and evaluation of evidence about information to determine and report on the degree of correspondence between the information and established criteria (Arens‚ Elder‚ & Beasley‚ 2010). Auditing should be done by a competent‚ independent person. Accounting is the recording‚ classifying‚ and summarizing of economic events in a logical manner for the purpose of providing financial information for decision making (Arens‚ Elder‚ & Beasley‚ 2010). Many people confuse auditing
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document‚ except as permitted by law. Contact permissions@ifac.org. ISBN: 978-1-934779-92-7 HANDBOOK OF INTERNATIONAL STANDARDS ON AUDITING AND QUALITY CONTROL 2009 EDITION Scope of this Handbook This handbook brings together all the International Standards on Auditing and the International Standard on Quality Control that have been redrafted by the International Auditing and Assurance Standards Board (IAASB) to improve their clarity (Clarity
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Derek Brown Dr. Janet Smith Employment Law BA370 30 June 2011 EEOC V. FEDERAL EXPRESS The EEOC filed suit complaining that FedEx violated Title I of the ADA by failing to provide reasonable accommodations and for discharging him in retaliation for his discrimination complaint. Additionally‚ the complaint sought compensatory damages (i.e.‚ damages paid to compensate the claimant for actual injury or harms they suffered) and punitive damages (i.e.‚ exemplary damages paid to penalize the defendant)
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PROMOTION OF FAIRY QUEEN EXPRESS– CASE ANALYSIS OBJECTIVE: * Overcome the high losses of Fairy Queen * Defining and reaching target customers – Pricing * Promotion of Fairy Queen – Captions‚ Advertisements BRAND POSITION: Fairy Queen is a Unique; one of its kind Locomotive. This key point should be reinforced. Unlike Palace on wheels‚ which USP is luxury; Fairy Queen should promote the heritage of the Country along with the royal treatment. EXPANDING TARGET MARKET: The
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Chapter 2 The CPA Profession ← Review Questions 2-1 The four major services that CPAs provide are: 1. Audit and assurance services Assurance services are independent professional services that improve the quality of information for decision makers. Assurance services include attestation services‚ which are any services in which the CPA firm issues a report that expresses a conclusion about the reliability of an assertion that is the responsibility of another party. The four
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Case You are the internal audit senior responsible for conducting an assurance engagement of the XYZ Company payroll process. This process has not been audited for three years and‚ as such‚ is due in the normal audit cycle. There have been no significant changes since the previous audit‚ that is‚ there were no system changes‚ no reorganization of personnel‚ and no substantive procedural changes. However‚ during the last assurance engagement‚ the internal audit function identified several observations
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Nature and Purpose of Auditing Content : • Definition and objectives of auditing • Types of audits • Development of auditing • Qualities of an auditor • Auditing process Objectives : Students should be able to : • Describe the definition and the objectives of auditing. • Distinguish between different types of audits. • Briefly describe the development of auditing. • List and explain
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