Lecture 11: Handout The Regulation of Banks Date: 28 April 2004 Module: International Banking Why Regulate Banks? Banks are intermediaries between money suppliers and those who need money. Commercial banks are most heavily regulated financial institutions. Five main reasons for regulation: I. The first is to ensure the safety and soundness of banks. The purpose is to maintain I) domestic and II) international confidence‚ III) protect depositors and ultimately taxpayers
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however‚ sometimes we actually remember a misrepresentation of what’s really occurred. This is known as the misinformation effect‚ where misleading information distorts our memory of the true event. Important in a variety of aspects‚ these memory errors become especially crucial in terms of courtrooms and eyewitness testimony. Interestingly‚ 75% of false convictions are due to an eyewitness identifying the wrong person or misreporting how an event actually occurred. Witnesses aren’t intentionally
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1. Describe how the fundamental attribution error affects how we think of ourselves and of others. The Fundamental Attribution Error refers to the tendency to over estimate the internal and underestimates the external factors when explaining the behaviors of others. This may be a result of our tendency to pay more attention to the situation rather than to the individual‚ and is especially true when we know little about the other person. 2. List and briefly describe four variables affecting
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Fundamental Attribution Error (FAE) (Jones and Harris study 1967) The Fundamental Attribution Error (FAE) principle states that man tends to ignore outside pressure and factors when judging the behavior of others. This means that people believe that a certain action or behavior was a cause of an internal motive rather than some influence from external pressure. In simple words‚ the FAE describes the inability to step inside other people’s shoes. The name FAE was first coined by Ross in 1977
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CHAPTER 22 CHAPTER 22 ACCOUNTING CHANGES AND ERROR ANALYSIS TRUE-FALSE—Conceptual Answer F T F T F T T T F T F F T F T T F F T T No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Description Change in accounting estimate. Errors in financial statements. Adoption of a new principle. Retrospective application of accounting principle. Reporting cumulative effect of change in principle. Disclosure requirements for a change in principle. Indirect effect of an
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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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Chapter One Introduction 1.1 Background The Bachelor of Business Administration is a bachelor’s degree in business studies. Bachelor of Business Administrator (BBA) in Nepal introduced in 1997 and revised in 2003 the BBA program is four year 120 credits hours bachelor degree program. It designed to provide students with the business and management skills necessary to become effective leaders‚ innovators‚ and entrepreneurs in today’s competitive economy. The degree offers both a practical management
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results were compared to the data of the first bead set to look for any systematic errors that may have occurred. During the experiment‚ the data was used to see whether the diameter‚ mass‚ and density were constant between the individual beads. However‚ the main goal of the experiment was to answer the question of whether or not individual density average agreed with the bulk density. Analysis Through error analysis‚ the data found was used to determine if the calculated densities were the
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relations‚” (CPPRG‚ 2011‚ p. 332). This program was proven to work‚ however‚ there are other factor that can come into play of conduct disorder and how the program works for different at risk youth. A differential factor may be the gender difference. The book Sex Difference in Antisocial Behavior‚ by Terrie E. Moffitt and Avshalom Caspi‚ provides a list on how the sexes are similar to one another in “generalized family adversity‚ poor discipline‚ cognitive deficit‚ rejection by peers‚ and hyperactivity
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Topic: Barings Bank Scandal 1995 Professor: Dr. Goran Ridic Student: Dinka Lujinovic Sarajevo‚ 2014 Content Contents Introduction 5 Research methodology 6 Nick Leeson 6 Barings Bank 8 Nick Leeson and the collapse of Barings Bank 9 Risk Management and Internal Control 9 Conclusion 12 Reference list 13 Introduction Barings Bank was established in 1762 by Francis Baring. It was known as John and Francis Baring Company and was one of the oldest merchant banks in United Kingdom.
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