Australia was the first country with a tradition of its own standard-setting to implement international accounting standards for general purposes. Therefore‚ the adoption is unexpected and controversial. This essay mainly focuses on the negative side of this accounting standard conversion‚ which points out a number of potentially serious problems that should be considered when IFRS has been adopted since 2005. The analysis is basically separated into four sections: the cultural influence‚ cost increment
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I hope to report back to the FSA on the reasons why financial services require regulation – rules and directions made and enforced by an authorising body – and the consequences that occur if they are not followed. Various issues will be covered including ethics; moral principles that a person or a group of people abide by‚ regulation; rules or directions maintained by an authorising body and law; rules that are enforced by a particular country where penalties and fines are issued If the rules are
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before it is released‚ this is done by a regulatory body. One particular body is Ofcom‚ the Office of Communication‚ which regulates the communications of the television and radio sectors within the industry. This also includes fixed line telecoms and for mobiles including the airwaves over the wireless devices operate. Ofcom are an independent organisation where rules are set to ensure a fair competition is maintained between the companies in the media. The idea of this body is to protect the
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of crimes in cyber space. Therefore‚ the Information Technology Act‚ 2000 came to be enacted. This Act was further amended in 2008. 2. NEED FOR A SURVEY A need has been felt of understanding the level of awareness on the laws prevailing in the Cyber space‚ the reach of Cyber crimes and how inclined the people affected by Cyber crimes are to put the Cyber Crime prevention machinery into motion. This is a report on a survey conducted from 1st November‚ 2013 to 10th November‚ 2013. The Survey was
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Landscape Individual Term Paper Abstract In McKay report to Expert Panel on Securities Regulation‚ it has been 10 years since the discussion about improvement on Canadian Regulatory Framework that indicate changes have to be done. Major and minor obstacles have been debated since which calls for action of changes. In this research I will try to explain how and why changes are needed for securities regulation in Canada in order to bring our capital market compete-able with the rest of the world while
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CHAPTER ONE 1.0 Introduction This chapter contains the background of the study‚ statement of the problem‚ purpose of the study‚ objective of the study‚ research questions‚ and significance of the study‚ limitations and the scope of the study. 1.1 Background Information The Ministry of Finance derives its mandate from the Constitution of Kenya‚ Cap VII Sections 99-103 which provides for proper budgetary and expenditure management of government financial resources. In addition‚ Parliament‚
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regarding the "how-to’s" of hacking. These aspects of hacking should be extracted from the Internet. Now‚ we can easily say these things such as "child pornography‚ hacking‚ and objectionable material on the Internet are bad and should be taken off." This is the easy way out. We have to realize that the Internet is an extremely complicated network of computers worldwide and that we can’t just look around and find these "bad things" and get rid of them. We also need to realize that the problem doesn’t
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Mercedes Garcia Examining Government Regulations December 2‚ 2012 HSM 210 Morgan Gamble Human Services are made to help and bring various services to those who are in need but as we know there isn’t enough aid to help each and every individual there are different qualifications and policies that are made in order for them to receive the services and it is a process that can take some time. If these policies and regulations weren’t set then any and every one would be trying to receive some
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Regulation is defined as a set of rules that is designed to control and govern conduct by authority (Deegan 2009‚ p.59). On the basis of this definition‚ Deegan (2009‚ p.59) has defined regulations relating to financial accounting as rules that are developed by independent authoritative body to govern the preparation of financial statements which are accounting standards. Since decades ago‚ there have been arguments for and against the existence of accounting regulations. With a stance of pro-regulation
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000‚000 calories a year off of fries and sodas alone. It is no coincidence that America is now dealing with a major health epidemic--The rate of obesity and type two diabetes have spiked dramatically in the American population over the past 60 years. This isn’t a silent killer. It’s a self-inflicted condition and the cure starts with self-restraint when it comes to those empty drink calories. Since the year 2006‚ not a single state has reported an obesity level at lower than ten percent‚ and the majority
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