IMPACT OF INFORMATION TEHNOLOGY ON CORPORATE GOVERNANCE AND FINANCIAL REPORTING 1.0 INTRODUCTION The introduction of the computer and advent of the Internet has changed the way we live in the modern world. This spans across every aspect of human life. Modern innovations have led to the description of the age in which we live as “the Information age”. Information technology and management therefore plays a vital role to the extent that timely access to Information could save a life while improper
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Copyright © 2004 Information Systems Audit and Control Association. All rights reserved. www.isaca.org. IT Governance Hands-on: Using COBIT to Implement IT Governance By Luc Kordel‚ CISA‚ RE‚ CISSP‚ CIA‚ RFA 1 I n the past‚ running an IT organization as a support function—a function separate and distinct from the business—was a common practice. Now‚ most IT infrastructure investments and new IT applications span business lines and functions. Some organizations even integrate partners
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CHAPTER 1 Goals and Governance of the Firm Answers to Problem Sets 1. a. real b. executive airplanes c. brand names d. financial e. bonds f. investment g. capital budgeting h. financing 2. c‚ d‚ e‚ and g are real assets. Others are financial. 3. a. Financial assets‚ such as stocks or bank loans‚ are claims held by investors. Corporations sell financial assets to raise the cash to invest in real assets such as plant and equipment. Some
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interest of all stakeholders be implemented‚ especially in quoted companies as the failings of the companies had far reaching consequences. Definition and Principles While there is no definition of corporate governance which is universally accepted‚ it was defined by OECD (2004) Principles of Corporate
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A Comparison of Corporate Governance Systems in Four Countries Jüergen Schneider Ernst & Young Deutsche Allgemeine Treuhand AG Siu Y. Chan Hong Kong Baptist University A Comparison of Corporate Governance Systems in Four Countries Jüergen Schneider Ernst & Young Deutsche Allgemeine Treuhand AG‚ Heilbronn branch‚ Germany and Siu Y. Chan* Hong Kong Baptist University‚ Hong Kong * Address of Correspondence: Dr. Siu Y. Chan‚ Department of Accountancy and Law‚ Hong Kong Baptist University
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------------------------------------------------- Table of Content I. List of Table 1 II. List of Figures 1 III. List of Appendixes 3 IV. Abstract 4 V. Chapter 1 - Introduction 5 A. Corporate Governance 5 B. Problem Statement 6 C. Research Objectives 7 D. Research Questions 7 E. Significant of Study 7 VI. Chapter 2 – Literature Review 8 A. Board of Director 8 a. Board Size and Audit Fees 8 b. Board Meeting and Audit Fees 9 c. Role of Duality and Audit
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INTRODUCTION TO THE PROJECT This project deals with the Corporate Social Responsibility (CSR) of companies‚ and how the companies can improve their CSR profile even more. Two companies‚ one Indian and one International‚ have been chosen for the purpose of this study: * International company - Vodafone Group Ltd. * Indian Company - Kraft Foods India Ltd. (Cadbury India Ltd). Topics discussed in the project: * The History‚ Management (Board of Directors) and the Products of
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Essay Louise Pettiford What must be done to improve ethics in finance and corporate governance? Corporate governance can be referred to the rules‚ processes‚ or laws by which businesses are operated‚ regulated and controlled. It can also refer to internal factors defined by the officers‚ stockholders or constitution of a corporation. After finding the meaning of Corporate governance‚ which can also be referred to corporate responsibility‚ I thought about the policies in which the company I work
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ABSTRACT The purpose of this paper is to identify the existence of audit committee and the practice of corporate governance in public sector entities. The requirement of audit committee and corporate governance has been increase in the corporate sector and also in public sector but there are small differences in the implementation between this two sector that has been discuss in this study. This study also discuss about the characteristic of audit committee‚ effectiveness of audit committee‚ the
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International Maritime Arbitration: Legal and Policy Issues Paper Presented to World Maritime University Malmö 14 May 2007 and to the Australian Maritime and Transport Arbitration Commission Sydney 4 December 2007 The Hon. Justice James Allsop Federal Court of Australia International Maritime Arbitration: Legal and Policy Issues.1 Abstract This paper seeks to deal with some important underlying policy questions faced by legislatures‚ governments and courts in dealing with
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