| Negligent Act | Priscilla V Vogue Beauty Salon | | | 11/1/2010 | Nelson Tanwin [The Negligent act refers to negligent category A for the case Priscilla Vs Vogue beauty Salon‚ the document excludes the descriptions for Defense.] | Issue The legal issue in this case relates to the law of negligence. Specifically‚ whether Defendant‚ Vogue Beauty Salon was negligent by applying fragranced cream to the skin of Plaintiff‚ Priscilla. [Note: The Employee of Vogue Beauty Salon‚
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Chapter 5: Internal Control over Financial Reporting 1. Internal control is a process designed to guarantee the achievement of the objectives of reliable financial reporting‚ compliance with laws and regulations and ineffective and inefficient operations. FALSE 2. Auditing standards require that the auditor exercise professional judgment and maintain professional skepticism throughout the planning and performance of the audit. TRUE 3. If internal controls are not enforced they are useless
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Facts: The negligent act of Ruth in the fact that she did not properly park her car caused a series of accidents that resulted in knocked down power lines‚ grass fires‚ a gas station explosion‚ and an injured motorist. These accidents originated with Ruth’s in-action to not properly observe the securing of her vehicle which resulted in the damages suffered by the plaintiff Jim. Issue: The defendant Ruth owed a duty of care by her actions to protect the plaintiff Jim from harm. In the fact that she
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Legal Analysis on “Tourist Breaks Back on Sentosa Ride” Article Sherlyn Goh‚ Nathanael Sim‚ Tay Wenyao‚ Shi Jinhua‚ Tong Mingshuo Factual Summary of Case Australian tourist‚ Michael McCarthy‚ suffered a fall and broke his back while riding Sentosa’s MegaZip‚ which is a flying fox adventure ride run by Flying Dragon Adventures (FDA). The riders would initially slide down the zipline fast and would be slowed down by a braking mechanism as they approach the landing platform. However‚ in this case
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The London Whale Scandal BU486-B : Accounting Information Systems and Computer Audit & Controls Kevin G. Bullock Wilfrid Laurier University Alexander Brik - 110882860 Aman Smagh – 110257570 Jack Welton – 100791540 Zaid Iqbal – 110184970 Synopsis of the Case In April and May of 2012‚ JP Morgan Chase & Co. incurred major trading losses of $6 billion dollars. However‚ JPMorgan’s financial statements represented these losses as only $2 billion. The losses were the result of
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Accrual concept Accrual Concept is a fall-out of Accounting Period concept. This concept requires that expenses incurred for a particular accounting period should be reckoned in the same period‚ irrespective of the fact whether these expenses have been paid in cash or not in that year. The same holds true for revenues‚ i.e.‚ revenues earned in a specific accounting period are construed as incomes of the same period‚ irrespective of their receipts. This concept is also known as the accrual theory
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NEGLIGENCE | - The main legal issue is whether P can successfully sue D for negligence. There are 4 steps to prove negligence: Duty of care (DOC)‚ Failure to meet the required Standard of Care‚ Causation and Remoteness.-Negligence is a conduct that falls below the standard of care required by society for the protection of certain others against an unreasonable risk of harm. | I –DUTY OF CARE | -The legal issue is whether D owed P a DOC. In order to prove that D owed P a DOC‚ P must show that
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Chapter 01 An Introduction to Assurance and Financial Statement Auditing True / False Questions 1. Independence standards are required for audits of public companies‚ but not for audits of private companies. True False 2. Decision makers demand reliable information that is provided by accountants. True False 3. Information asymmetry seldom occurs. True False 4. Conflicts of interest often occur between absentee owners and managers. True False
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SARBANES-OXLEY SECTION 404: A Guide for Management by Internal Controls Practitioners SARBANES-OXLEY SECTION 404: A Guide for Management by Internal Controls Practitioners The Institute of Internal Auditors 2nd Edition‚ January 2008 Table of Contents About the Second Edition...........................................................................................................iii How to Use This Guide ...........................................................................
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procedures and agreed ways of working of your employer. It is about avoiding abuse and injury to individuals‚ their friends and family and their property. A negligent act could be unintentional‚ careless or intentional that results in abuse or injury. A negligent act is breaching the duty of care. If an individual has evidence that you have been negligent‚ you are likely to be disciplined. You could lose your job and you could have legal action taken against you. In your role you have a duty of care to
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