CORPORATE FRAUD & THE ROLES OF AUDITOR (BANGLADESH PERSPECTIVE) Submitted To: Tahmina Ahmed Lecturer Department Of Accounting And Information Systems University Of Dhaka. Submitted By: Group No. 02 ID 18003 18051 18053 18073 18089 18200 NAME Safiqur Rahman Mahadin Anik Mahmudul Islam Arnab Kumar Chakrabartty Abdullah Al Noman Namrata Chakma Date of Submission: November 11‚ 2014. 1|Page This Report Includes The Following Contents Chapter No. Contents Page No. 01.Introduction 1.1 1.2 1.3 1.4 Introduction
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Meghna Oil Limited MJL Bangladesh Limited Items 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 Items 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 Lequidity Rarios Lequidity Rarios (1) Current Ratio 1.05 1.08 1.09 1.07 1.1 (1) Current Ratio 1.36 1.45 1.68 2.41 1.48 (2) Quick Ratio 0.54 0.75 0.58 0.77 0.86 (2) Quick Ratio 0.87 0.78 0.89 1.81 1.04 Operating Ratios Operating Ratios (3) Accounts Receivable Turnover Ratio 10.6 7.87 11.58 6.59 9.21 (3)
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‘NIC’s have been and continue to be the driving force of globalization. To what extent do you agree with this statement?’ A newly industrialized country (NIC) is a socioeconomic classification applied to several countries including Thailand‚ China‚ India‚ Malaysia‚ Philippines‚ South Africa and Mexico. NICs have not yet reached a developed status but have‚ in an economic sense‚ overtaken their developing counterparts. Another characterization of NICs is that of nations undergoing rapid economic
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information. Outline the different sources of regulation of financial statements in Ireland. When accountants are preparing a set of financial statements accountants must comply with the relevant accounting rules. The regulatory framework provides a set of rules and regulations to ensure fair play.’ The principal aim of the regulatory frame work is to ensure that the financial statements present a true and fair view of the financial performance and position of the organization’. The three sources
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References: 1. Financial Statement Analysis: Eleventh Edition‚ John J. Wild / Leopold A. Bernstein/ K.R Subramanyam (McGraw Hill International)‚ (2014) 2. Cash Flow Statement: Analyzing Cash Flow From Investing Activities‚ Ryan C. Fuhrmann on November 25‚ 2013‚ Retrieved on June 1‚ 2014 from http://www.investopedia.com/articles/investing/112513/cash-flow-statement-analyzing-cash-flow-investing-activities.aspent 3. Definition of Current
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die every year from tobacco and smoking related illnesses‚ and hundreds of innocent people die every year in auto accidents caused by drunk drivers. It ’s even possible to die from alcohol poisoning‚ but marijuana has never been directly attributed to any deaths. Despite all this‚ public opinion on marijuana is still based on myth and prejudice even though it remains relatively harmless. The harmful effects of marijuana have been exaggerated. In the 1930 ’s the United States was flooded with reports
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Most Significant Events 1950s to Today April 24‚ 2011 HIS 135 Introduction: The history of the United States plays a huge role in how the nation‚ as well as the world‚ is today. Politics‚ social‚ and economic factors led our country to where it is now. The following paragraphs will explain how each of these factors has helped shape the world by covering the most important events from each decade beginning in 1950 and continuing until 2000. The topics covered will include the Civil Rights Movement
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or the municipal authority of any particular region. This is done to monitor the performance of the firm or the government organization. The company here the auditors who provide the auditing report and submit those reports annually or semiannually to the law or the concerned municipal law authority. This statutory auditing finally does the cross checking of the financial reports which are provided by the companies. They do cross checking by gathering the transaction information from the company’s
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FINANCIAL STATEMENTS AND CASH FLOW 1. Liquidity measures how quickly and easily an asset can be converted to cash without significant loss in value. It’s desirable for firms to have high liquidity so that they have a large factor of safety in meeting short-term creditor demands. However‚ since liquidity also has an opportunity cost associated with it - namely that higher returns can generally be found by investing the cash into productive assets - low liquidity levels are also desirable to the
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The 1960s was arguably one of the most influential decades in the USA. After experiencing victory in WWII and the postwar booms in both strong economic growth and high employment numbers in the 1950s‚ many American believed that they were at a golden age at the beginning of the 1960s. Sociologists expected to see a low crime rate across the nation as a result (Pinker 2013). Ironically‚ a huge crime surge happened to the 1960s America‚ and it was only just the beginning of many years followed. The
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