Currently‚ an auditor may only resign if he is not the sole auditor of the company and his resignation must be made at a general meeting of the company. If an auditor gives notice in writing to the directors of the company that he wishes to resign‚ the directors shall call a general meeting of the company as soon as it is practicable. This is for the purposes of appointing an auditor in place of the auditor who wishes to resign and to appoint another auditor. The resignation of the auditor shall take
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Showboat‚ and Phantom of the Opera. Livent‚ Inc. (Livent) founders‚ Garth Drabinsky and Myron Gottelieb‚ watched their small theater company grow from a partnership and become publicly traded on the NASDAQ a few years later. Eventually the duo sold off the “successful” theater company to Michael Ovitz‚ the head of Lynx Ventures‚ L.P. in 1998. The new owners came to discover that there was more drama happening offstage than onstage! (Jackson 2015). As the “fraud architects‚ Drabinsky and Gottelieb were
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Leaking Insider Tips”‚ and I found it in the Wall Street Journal. Rajat Gupta was the director of Goldman Sachs Group Inc. Goldman Sachs Group Inc. is a full service investment bank and security firm. Rajat Gupta was found guilty of leaking inside information to the outside‚ and was sentenced to two years in prison‚ and some pretty hefty fines. Rajat Gupta was not the average fraud perpetrator he was total opposite at least from the articles description of him. The article states‚ “Mr. Gupta’s
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Civil Litigation By Maggie Willams November 10‚ 2014 Everest University Professor Wolusky Prepare an outline of the issues in handling a case with so many plaintiffs and potential witnesses. Keeping track of all of the clients and witnesses appointments and/or meetings making sure that the correct information and witnesses are kept with the correct client’s case file Keeping track of the billing for each of the clients Keeping track of the time spent with each client and witness. (Goldman
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Donna Sanders Financial Statement Fraud Week 12 There are many things that can motivate financial statement fraud. Taking a look at Donald Cressey’s hypotheses which is now known as the fraud triangle depicts the certain criteria for the mind frame of the fraudster. The fraud triangle is a theory that consists of perceived pressures‚ perceived opportunity‚ and rationalization. It gives us the different pressures placed on individuals that would make them consider “cooking the books.” It also
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STATE OF WINSCONSIN CIRCUIT COURT OF ADAMS COUNTY CONSTANCE WOLF‚ F/K/A CONSTANCE WOLFGRAM PLANTIFF V. Civil Action No. 112 LEWIS OLSON DEFENDANT V. ALBER DOBIASH DEFENDANT COMPLAINT Comes Plaintiff‚ Constance Wolf F/K/A Constance Wolfgram‚ by counsel‚ and for her complaint states as follows: 1. The Court has jurisdiction in this matter under section 6 of the code of the state of Wisconsin. 2. Plaintiff‚ Constance Wolfgram‚ resides at
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Livent. Inc Overview In the year 1979 Drabinsky and Myron Gottlieb decided to enter the show business world. These two young entrepreneurs were able to convince a well-known Toronto businessman to invest one million in “cinema complex”. Over the next several years Drabinsky and Gottlieb were successfully able to expand their company‚ while they convinced to gather up large sums for the development of multiscreen theaters complexes throughout Canada and the United states. By 1980 Cineplex Odeon
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Bahrain Collage of Business Administration A Paper Highlighting: How accounting fraud has changed merger valuation Prepared For: Professor Omar Al-‐Jahmani Course: Advanced Financial Accounting (ACC 610) Term: Second Semester‚ 2012-‐2013 Prepared By: Mohamed S Sultan‚ MBA
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Civil Litigation vs. Criminal Litigation If somebody commits a crime or does wrong doing to another what category does it fit under? Is it civil case or a criminal case? Although there are many similarities between civil litigation procedures and criminal litigation procedures‚ several differences exist among them. The first difference among the two procedures is what even defines them. A civil case involves a wrong doing between two private parties in which the victim is suing for damages or
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Table of Contents Introduction Accountants’ Liability to the Client and Third-Party A) Breach of Contract B) Ordinary Negligence (Accountant Malpractice) C) Fraud a. Constructive Fraud (Gross Negligence) b. Actual Fraud Accountants’ Liability under Common Law for Third-Party A) The Near-Privity Doctrine B) The Restatement Doctrine C) The Foreseeability Doctrine D) The Balancing-Factors Doctrine Accountants’ Liability under Statutory Law Third-Party A) Securities Act of 1933 B) Securities
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