possible advantages and disadvantages facing a board of directors composed of insiders? (b) What are the possible advantages and disadvantages facing a board of directors composed of outsiders? The board of directors plays a vital part in the domination of any company whether it is a family business or otherwise. For every company or organization the board of directors is different in terms of its composition‚ roles and responsibilities of the directors and its structure. The composition is normally
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Explain why the Conservatives were unpopular in 1906? (12 marks) A.J Balfour was an intelligent man yet lacked political skills causing him to make poorly judged decisions leading to a decrease in conservative’s votes. During the Boer War‚ 1898-1902‚ Balfour used Britain’s patriotism to help the Tories win the 1900 ‘Khati Election’. By doing this it allowed Britain to stay involved in the Boer war‚ not knowing that war would last 4 years and cost Britain over 210 million pounds. This highlighted
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Women were not treated as equals with men before the second half of the eighteenth century. They had to marry‚ obey their husbands and have children‚ only receiving little education. In the eyes of the law they had little power and men were their superiors. For example‚ once they were married‚ everything they owned belonged to their husband‚ this meant that if they separated the women would be left with nothing‚ not even her children‚ as they too‚ belonged solely to the husband. Around 1850‚ the
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Matthew Hoke Case problem 8-5 trade secrets Theories: Appropriation‚ Appropriation of Trade Secrets‚ Wrongful Interference with a Contractual Relationship 3. The business tort of wrongful interference with a contractual relationship is broken in the case of Briefing.com v. Jones court case. The particular issue in this case is in March of 2003 after Cynthia Dietzmann and Gregory Jones quit Briefing.com to start StreetAccount‚ LLC‚ was the information and data not returned by Cynthia Dietzmann
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effective in preventing major scandals on the lines of Enron and Worldcom. 1.0 ABSTRACT 2.0 ENRON-CORPORATE FIASCOS 3.0 HOW DID THE AUDITORS FAIL TO CATCH PROBLEMS AT ENRON? 4.0 HOW TO PREVENT RECURRENCE OF ENRON? 5.0 NEW RESPONSIBILITIES OF AUDITORS ACCORDING TO SARBANES-OXLEY ACT 2002 6.0 CONCLUSION 7.0 REFERENCES 1.0 ABSTRACT The responsibility of an auditor is to express an opinion on the financial statements based on his audit which means verification or check in accordance with International
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Independent Director The purpose of identifying and appointing independent directors is to ensure that the board includes directors who can effectively exercise their best judgment for the exclusive benefit of the Company‚ judgment that is not clouded by real or perceived conflicts of interest. IFC expects that in each case where a director is identified as “independent” the board of directors will affirmatively determine that such director meets the requirements established by the board and is otherwise
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Hetherington‚ what is the reason why so many epistemologists reject thesis (T)? Edmund Gettier‚ threw a curveball at the then epistemological notion of knowledge being a justified true belief. With his examples‚ or famously known as Gettier cases‚ he in fact showed that a belief could be true and justified by evidence‚ without it necessarily being knowledge. The epistemological studies‚ shaken by this curvature‚ have since then been rather linear in their acceptance of this claim. According to Hetherington
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Why were plebeians so important to Rome? As I said in my written Assignment‚ plebeians were the lower class‚ and had little individual power. They included everyone who was not a patrician‚ senatorial or equestrian class‚ and were sometimes just called plebs. They were working citizens of Ancient Rome such as: farmers‚ bakers‚ builders or craftsmen who worked hard to support their families. The plebeians could not hold any meaningful office‚ but sit in the senate. The Plebeians were left in a state
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A Framework for Auditor Independence The ISB lays a foundation for future guidance. By Susan McGrath‚ Arthur Siegel‚ Thomas W. Dunfee‚ Alan S. Glazer and Henry R. Jaenicke January 2001 EXECUTIVE SUMMARY THE INDEPENDENCE STANDARDS BOARD issued an exposure draft for a conceptual framework for auditor independence containing the concepts and basic principles that will guide the board in its future standard setting. THE NEED FOR A FRAMEWORK AROSE FROM the jumble of confusing independence rules
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The relationship of audit techniques‚ audit procedures and assertions Audit technique - are the basic tool or means employed to obtain audit evidences. Audit procedures - are the application of audit techniques. Assertions – are representation of management as to the fairness of the financial statements. Audit Techniques Audit Procedures Assertions Count Counting of inventory‚ cash securities‚ unmatured‚ promissory note (to establish existence and where applicable‚ ownership
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