Ethical Trade at ASOS ASOS experienced substantial growth in its first decade. This growth came in the nature of the size‚ location‚ operating methods of the company‚ and they worked a lot on growing responsibility to behave ethically in relationship with supply their partners‚ customers‚ colleagues‚ and shareholders. Moreover‚ ASOS’s own brand clothing garments are from around the world‚ in China‚ India‚ Turkey‚ and Eastern Europe. No matter in what country they buy its garments‚ ASOS wants to ensure
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AUDIT EVIDENCE Audit Evidence Definition : All the information used by the auditor in arriving at the conclusions on which the audit opinion is based. This includes the information contained in the account records underlying the financial statements and other information. Additionally‚ audit evidence should be persuasive‚ rather than convincing. There are different levels of reliability of audit evidence‚ some providing more evidence than others. There are nine types of audit evidence :
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a study on the rules-based and principles-based accounting standards. The aim of this article is to discuss the attributes and potential effects of transferring from rules-based standards to principles-based standards. To some extent this article is critical‚ but several limitations need to be discussed‚ such as implementation guidance. Summary Schipper (2003) demonstrated that there was a long-running debate on whether U.S. GAAP should be shifted to principles-based system instead of rules-based
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Introduction The parade of corporate accounting scandals of the last decade‚ with lion’s share occurring in 2002‚ has developed deep antipathy and distrust towards corporations and their reporting practices‚ and casted doubts on the opinions of audit firms. As majority of these accounting frauds occurred in the US (See Appendix)‚ there was a widely-held view that rules-based accounting standards have allowed failure of large corporations like Enron and World Com‚ since US GAAP is perceived to
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Synopsis. Historical Cost Accounting is a traditional valuation method as it reflects only on the past cost of the asset‚ however in the contemporary business environment companies must remain flexible and transparent. This belief has lead to the creation of several other valuation methods‚ due to word constraints I have focused primarily on Fair Value Accounting as an alternative to Historical Cost Accounting. Although Fair value accounting is a theoretically superior valuation methodology‚ there
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Principles and Practice of Health in Social Care Principles and Practice of Health and Social Care Assignment In health and social care settings there are principles which govern the practice of healthcare workers to ensure that quality care is provided for service users. This essay will discuss how principles of support are implemented in health and social care practice. It will also explain the theories that underpin health and
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If a company earns net income of $25 million in Year 8‚ has 10 million shares of stock‚ pays a dividend of $1.00 per share‚ and has annual interest costs of $10 million‚ then | | |[pic]|[pic]|the company would have Year 8 earnings per share of $1.50. | | |[pic]| | |[pic]|[pic]|the company’s retained earnings for
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multinational companies will try to achieve cost reductions and quality improvements at the expense of their supply chain partners‚ but a further dimension has been added sustainability. The aim of this essay is to examine IKEA’s sustainability report and evaluate its sustainability principles. It will explore how IKEA has incorporated its sustainability principles with its suppliers whilst maintaining and improving its strategic competitive advantage in the home furnishing industry. About IKEA IKEA is a multinational
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Task 1: Values and principles which underpin planning and support “Explain how the application of relevant principles and values will enable professionals to provide holistic support for individuals who use social services.” (P1) Holistic support is providing care by a holistic approach to improve an individual’s quality of life not only physically but also intellectually‚ emotionally‚ socially‚ culturally and spiritually. Values are beliefs people are about what is important and morally right
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Journal Entry #4 For Authoritative parenting Cam and Mitchell from Modern Family are a great example‚ in the show they adopted a Vietnamese child and raised her through authoritative parenting style as they established rules and guidelines for her and expected her to follow the rules. They are also very responsive and willing to listen any of her questions. Whenever she fails to meet the expectations‚ Cam and Mitchell are more nurturing and forgiving rather than punishing her harshly. For example
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