THE ROLE OF AUDITORS IN THE CONTEXT OF CORPORATE GOVERNANCE Asst. Prof. Loganathan Krishnan Abstract Auditors examine company’s accounts and report to the company on the accounts. Fundamentally‚ the concern is how auditors carry out these duties effectively. Legislations namely Companies Act 1965‚ Securities Industry Act 1983 which has been consolidated as Capital Market and Services Act 2007 have made major inroads to ensure that auditors carry out their duties and obligations effectively. Additionally
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Enron The affect of the unethical behavior of the profitability of Enron was that the third party “outside” independent auditors was not able to backup and have accounting financial statements‚ some of those auditors and financial institutions may have been misled by the corporation’s net income. If I was an accountant for this company I would have followed regulated federal security laws‚ and if failed to provide prove of documents or financial statements‚ I would admit to my mistakes but also
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research. An attempt is also made to examine carefully some time tested procedures and the challenges the Revenue Authorities faces when mobilizing revenue. Various scholars and administrative practitioners have put out a lot of theories‚ concerns and views on GRA’s ability to mobilize revenue and how these monies mobilized are spent. Among the reasons assigned by such concerns and opinions is‚ the challenges of the GRA administration is to be blamed on inadequate revenue mobilization‚ due to lack of
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them. Aside from the tough guy’s visceral features‚ not all of them are heroes‚ or even good people at all. However‚ there is one specific element that all tough guy novel’s share in common. In most of the novel’s discussed in class‚ there is always a specific goal or ambition that the “tough guy” is trying to reach. We’ve looked at characters that are portrayed as heroes‚ and some who should be locked away in an insane asylum‚ and in every novel they fought toward their goal whether it was the right
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general way of thinking. Ten years from now‚ you’ll regret the things you didn’t do‚ not the ones you did. That’s definitely true. I don’t regret the past for the things I did‚ indeed I would repeat everything I’d have the chance‚ but I certainly wouldn’t mind having pushed my boundaries further. Whenever I think about this‚ I realize how many opportunities we waste by occupying our mind with the wrong things. I want you to do a simple test‚ it wont take you more than a few minutes‚ and I think
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Enron Ask Why? How Unethical and Illegal Behavior Ruined Lives Brief History of Enron Enron was an energy company based in Houston‚ Texas that dealt with the energy trade on an international and domestic basis. Enron formed in 1985 when Houston Natural Gas merged with InterNorth. After several years of international and domestic expansion involving complicated deals and contracts‚ Enron became billions of dollars in debt. All of this debt was concealed from shareholders through partnerships
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In the discussion of A Life Beyond “Do What You Want”‚ one controversial issue has been‚ do we find a vocation that we love and are passionate about or do we settle for a vocation that we are good at and do it very well‚ but not love or even like? Dr. Gordon Marino‚ Philosopher at St. Olaf College in Minnesota‚ suggests that both are important‚ and it is the individual who must make that decision. Marino also challenges his students to think about what makes them happy. Marino further tries to
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When You Do Work You Give it Energy! Holly Beech Professor Evans SCI 110 Holly Beech Professor Evans SCI 110 31 January 2010 Whenever You Do Work You Give It Energy How would one know that working creates energy? Well the definition of energy might give a clue. “Energy can be defined as the ability to do work” (Tillery‚ Enger‚ and Ross‚ 2008‚ p. 59). If one were to think about this statement unscientifically‚ it might evoke the picture of some one being to tired‚ having no energy‚ or
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are 20 multiple choice questions. You should allocate yourself 1.5 minutes per multiple choice question (i.e. a total of 30 minutes). This is NOT an open book exam. Choose the best answer from a)‚ b)‚ c)‚ d) or e). Q1 Economics is the study of a) the share market and its effect on consumers and businesses b) money and how it is used by society * c) unlimited wants and limited resources d) unlimited resources and limited wants Q2 Which of the following does not
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Evidence-based practice is the process of applying existing research findings that has shown to work when considering a chosen strategy. It is based on analysing the collection of data that has contributed towards a specific knowledge base‚ which has been shared amongst fellow practitioners within a specific field‚ with the aim to inform current practice within a profession. It encourages practitioners to guide their practice by drawing on existing research and applying it. The use of evidence-based
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