primary defense against a claim for ordinary negligence is to offer evidence that the audit had been conducted in accordance with generally accepted auditing standards. True False 11. The Ultramares case holds auditors to a higher level of responsibility than the Rosenblum v. Adler case in terms of common law liability to third parties. True False 12. Gross negligence represents a more significant departure from appropriate professional care than ordinary negligence. True False
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Throughout the course of the first half of the semester we have taken a broad scope of the major aspects of the phenomena that has been the recent history of China. When studying Modern China a common thread of ethical‚ cultural‚ religious‚ political‚ social‚ and economic aspects can be analyzed in relationship to Confucianism and its affect on international relations. These aspects show that historically (particularly the nineteenth century) China initially resisted the acceptance of Western influence
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Hershey North America Case Analysis What are the advantages of targeting candy bars to adults rather than to children? Hershey’s specifically targets their products to mothers‚ and for a good reason. Hershey’s believes that mothers determine their children(s) tastes in candy from an early age. If Hershey’s can successfully target mothers who buy their products‚ then their children will grow up eating Hershey’s. Therefore‚ when these children grow older the Hershey’s brand will be embedded in them
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Introduction What is bank? Finance is the lifeblood of trade‚ commerce and industry. Now days‚ banking sector acts as the backbone of modern business. Development any country mainly depends upon the banking system. MODERN BANKING: - The banking‚ which was known in various forms and guises in The ancient civilization in various parts of the world did not Coincide with the emergence of the modern Banks. The Banking which had its roots in the flourished culture
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“APING THE WEST” Of late the trend has been to follow whatever is done in the west and it is becoming a sort of in-thing to be doing it. Is it due to liberalization of economy that we are also attempting to liberalize our life style. Indians have started aping the west completely and the western influences can be clearly seen in our behavior‚ culture‚ attire and even language. Though to say‚ we are an independent nation but instead of promoting our culture‚ we are aping the west and one would
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Risk Management in Indian Banks; Public sector‚ Private sector‚ Foreign Banks & Cooperative Banks. 1. Introduction 1.1 Evolution & Growth of Banking in India Banking in India was defined under Section 5(A) as "any company which transacts banking‚ business" and the purpose of banking business defined under Section 5(B)‚"accepting deposits of money from public for the purpose of lending or investing‚ repayable on demand through cheque/draft or otherwise". In the process of doing the above-mentioned
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1: Firm Overview West Lake was established in Toronto‚ Ontario in 1970 as a manufacturer of table lamps. During the next thirty years since its founding‚ West Lake had extended its wholesale line to involve both floor lamps and lighting fixtures. It opened a retail store in Toronto‚ selling a broad line of lighting and some traditional home decor products. In addition‚ it also began its business online and sells its products directly to consumers. Charles Bowman‚ the CEO of West Lake Home Furnishing
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PROJECT REPORT On A STUDY OF “HDFC BANK” In the partial fulfillment of the requirement for the award of the degree of Bachelor of Commerce (Hons.) Submitted to: Submitted By: Mr. Vijay Verma sir Sky Breakers… ITM University Shubhangi Suhane Oshin Benjamin
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HKU178 op y 01/24/02 Japan Net Bank: Japan ’s First Internet-only Bank Yoshiyuki Miyai had a vision. He wanted to establish a completely new standard of banking in Japan – that of Internet-only banking. As president of Japan Net Bank (JNB)‚ the first Japanese online bank with no physical branches‚ Miyai emphasised that customer satisfaction should be the focus of JNB ’s business – his customers should enjoy convenient access to accounts‚ competitive rates‚ customisation and secure
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held by commercial banks. With more number of commercial banks catering to the same market‚ it has given rise to the intense competition. So far‚ there are 31 commercial banks‚ 87 development banks‚ 79 finance companies‚ 21 micro-finance development banks‚ 16 saving and credit cooperatives and 38 NGO (financial intermediaries) all these financial institutions are doing very well even in the slowdown of the economy. With increasing number of finance companies‚ development banks and cooperatives; commercial
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