The GST input tax incurred by businesses is claimable as a credit if they make taxable supplies. This avoids the cascading tax effect of the current single-stage sales tax and service tax regime‚ which results in higher prices. Recognising the wide-ranging impact of GST‚ the Government has proposed an initial low rate of 4%‚ coupled with zero-rating and exemption of essential goods and services. Anti-profiteering legislation and other measures for qualifying persons in the lower-income
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COLLEGE OF HOTEL MANAGEMENT | | TRANG NGUYEN 000884493Mr. RICHARD HUNTER 16/08/12 | [BBHM102: Food and Beverage Service Standards] | Assessment 1: Service Quality Standards | Table of Contents Introduction: 3 Body: 4 Conclusion 6 REFERENCES: 7 Executive Summary The report’s aim is designed to examine the five fundamental concepts of food and beverage service quality standards for a commercial hospitality operation and hence recommendations can be review to enhance the service’s quality
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Auditor Rotation | Raising Auditor ’s Independence | Proposed By: Varun Basantani | Auditor Rotation- Raising Auditor ’s Independence ------------------------------------------------- Abstract: The question for mandatory audit rotation has been a concern to academics‚ investors‚ practitioners and the public at large. This paper is designed to determine the relationship between mandatory audit rotations and audit Independence. The paper makes an earnest effort to evaluate the need
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examination of an organization or individual ’s accounts or financial situation. Audits also provide an assessment of a system’s internal controls. The goal of an audit is to express an opinion of the company in question based on the evidence and tests performed from the audit. The role of the auditor is the verification of a company’s financial records. They study various situations‚ check and analyze the company’s bookkeeping and accounting methods‚ and compare books of different departments within
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entries must be supported by a document. • A technique to verify the authenticity and authority of transactions recorded in the books on the basis of which the auditor submits a report‚ indicating that accounts are correct‚ free from errors or fraud and complete. • It is not only examining the documentary evidence but sometimes auditor has to go behind recorded evidence to eliminate any possibility of fraud. DEFINITION • “Vouching is the examination of the evidence offered in substantiation
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Professional Standards for Teaching: A Review or Literature Mirza Arshad Baig (Research Scholar) Hamdard Institute of Education & Social Sciences‚ Hamdard University Karachi ABSTRACT Abstract:- The aim of this article is to review the related literature about the Professional Standards for teachers. The conceptual and historical background of the professional standards has been discussed in this article. It is viewed that quality of education and quality of life are interdependent. Quality
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SERIES DO TAX HAVENS FLOURISH? James R. Hines Jr. Working Paper 10936 http://www.nber.org/papers/w10936 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 November 2004 I am indebted to Claudia Martinez for excellent research assistance‚ to her and to Rosanne Altshuler‚ Reuven Avi-Yonah‚ Daniel Mitchell‚ Joel Slemrod‚ and particularly James Poterba‚ for helpful comments on previous drafts of this paper.The views expressed herein are those of the author(s) and do not
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Appointment‚ Duties‚ Rights and Liabilities of Auditor Appointment: First Auditors a) The first auditors of a company shall be appointed by the directors within 60 days of incorporation of the company [252(3)] b) The first auditors will hold office till the first annual general meeting [252(3)]. c) If the directors fail to appoint the first auditors‚ the members shall appoint the first auditors‚ provided further that the auditors such appointed shall not be removed during the tenure expect
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Summary of The Auditor The Auditor by James K. Loebbecke tells a story about the life and career of an auditor named Jack Butler. The book shows Jack’s career from his education all the way to his promotion to partner. Loebbecke designed this story about Jack as a teaching tool to give students an understanding about the life of an auditor. The story begins with Jack’s promotion to partner and how it was bittersweet for him. Jack is excited for the promotion‚ but is also nervous about the
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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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