Auditor Responsibility The expectation is that an auditor should be held responsible for the quality of his/her work. This is because a major error or omission by the auditor can result in a false opinion. Auditors have a moral‚ professional and legal responsibility. In the Companies Act 2006‚ Section 507 prevents auditors knowingly or recklessly causing an audit report to include any matter that is “misleading‚ false or deceptive in a material way”. To be proved in cases of civil liability
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246 Eleventh Five Year Plan 11 Consumer Protection and Competition Policy CONSUMER PROTECTION 11.1. Promotion of consumer welfare is the common goal of consumer protection and competition policy. At the root of both consumer protection and competition policy is the recognition of an unequal relationship between consumers and producers. Protection of consumers is accomplished by setting minimum quality specifications and safety standards for both goods and services and establishing mechanisms
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RESPONSIBILITY ACCOUNTING Management Accounting - Responsibility Accounting Planning & control are essential for achieving good results in any business. Firstly‚ a budget is prepared and‚ secondly‚ actual results are compared with budgeted ones. Any difference is made responsibility of the key individuals who were involved in (i) setting standards‚ (ii) given necessary resources and (iii) powers to use them. In order to streamline the process‚ the entire organization is broken into various
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organisation. Personal records are necessary for the formulation and implementation of employment policies and procedures. Maintaining all records updated and accurate help organisations ensure all their workers received the correct pay‚ holidays‚ and any other entitlements and benefits provided. Workers have the right to have access or received a copy of their personal information held and can seek compensation for damages or distress suffered as result of a breach of the Data Protection Act. The Information
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The social responsibility concept is based on the premise that business has greater impact on society than can be measured by profit or loss. As a participant in society‚ business should contribute to the human and constructive social policies that guide society. The concept of social responsibility is merely a first step towards social effectiveness of business. It is the underlying value which gives businessmen a sound basis for social action. It is the philosophy which justifies business involvement
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able to trust us as practitioners to keep their information private. Confidentiality of any individuals who deal with the nursery is to be respected at all times‚ however if a child is believed to be at risk or has been harmed in any way then child protection procedures take precedence and confidentiality may have to broken. Giving out information unless in the case of the above could have serious consequences. Not only would the trust between the individual and the setting is lost but also the individual
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Unit one: Principles of personal responsibilities and working in a business environment Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document‚ either onto your computer or a disk • Then work through your Assessment‚ remembering to save your work regularly • When you’ve finished‚ print out a copy to keep for reference • Then‚ go to www.vision2learn.com and send your completed Assessment to your tutor via your My
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those of libertarian theory. Which theory fits your understanding better and why? Firstly‚ social responsibility gives enough freedom to the media. However‚ expect it to act responsibly in its news report‚ act as watchdog to the society. Secondly‚ social responsibility theory mainly leads itself in a free circumstance of media area but there is a limitation to show its duty. Social responsibility requires the media in duty to be honest and standard of the profession in a free circumstance. Libertarianism
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Responsibility As a Student Kaylee Richmond Foundations for General Education/GEN200 October 13‚ 2014 Dr. Yvonne L. Gonzalez College and the Workforce Most people dream about the opportunity to be able to attend college. They dream about what their college campus is going to look like‚ who their roommate is going to be‚ what kind of parties they are going to go to‚ and what they are going to major in. However‚ when the time comes to begin the college process‚ there are many people
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Running head: European Data Protection Directive European Data Protection Directive Piera Hosinski SECURE MANAGEMENT ( MGT 580 Winter 2012) Instructor: Christopher Sobota Abstract “The Data Protection Directive (officially Directive 95/46/EC on the protection of individuals with regard to the processing of personal data and on the free movement of such data) is a European Union directive which regulates the processing of personal data within the European Union. It is an important component
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