auditor may be threatened or appear to be threatened where: (i) There is undue dependence on any audit client or group of clients; (ii) The firm‚ its partners or staff have any financial interest in an audit client; (iii) There are family or other close personal or business relationships between the firm‚ its partners or staff and the audit client; (iv) The firm provides other services to audit clients. Required: (a) For each of the four examples given above‚ explain why the objectivity of the external
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Q4. What criteria must be met if firms are to achieve a competitive advantage through their employees? Organizations which have happy employees have the upper hand on their competitors. An organization’s success depends on KSA (knowledge‚ skills‚ and abilities) of employees‚ as they help to establish a set of capabilities that distinguishes a firm from its rivals‚ which is to gain a competitive advantage. A firm can achieve a stable competitive advantage through talented employee in case if they
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the company’s auditors to the extent that if a firm provides auditing services for a company they cannot really provide any other types of services. This limitation was put into place in order to maintain the independence of auditors and the companies that they audit. If an accounting firm was allowed to provide auditing services as well as tax services to a company‚ the independence‚ in such a case‚ of the firm would not be maintained because the firm would be in part auditing some of its own work
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The Hollywood movie "Guess Who" (2005) is a remake of "Guess Who’s Coming to Dinner" (1967). Both film’s premises are about the same situation of an interracial marriage. The original revolved around a daughter bringing her black fiancée to meet her white middle class family. This was a touchy and even controversial subject in 1967 but the film became an award winner. The 2005 update switches the roles around and with a stroke of genius we now have a white fiancée meeting a black family. Personally
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Computation of taxable income of individual‚ HUF and firms COMPUTATION OF TAXABLE INCOME OF AN INDIVIDUAL What is included in income of an individual? While computing taxable income of an individual‚ the following points should be considered— Nature of income | Tax treatment | Income earned by the taxpayerShare of profit from a HUFShare of profit from a firm assessed as firmSalary & interest from the aforesaid firmShare of profit from an association of persons/body of individualsIncome earned
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External environment factors PESTEL analysis stands for "Political‚ Economic‚ Social‚ and Technological‚ Environmental and Legal analysis". It is a part of the external analysis when conducting a strategic analysis or doing market research and gives a certain overview of the different macroenvironmental factors that the company has to take into consideration. Political factors‚ or how and to what degree a government intervenes in the economy. Specifically‚ political factors include areas such
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Pakistan FIRMS Project USAID Pakistan FIRMS Project Mango Briefing Book‚ page 2 Preface This briefing book on mango and Pakistan has been prepared by the USAID Pakistan FIRMS Project in an ongoing effort to develop and support the execution of a four-year strategy to make Pakistani mango a force in the international marketplace. It is a compilation of primary and secondary research. This is the first edition. Subsequent editions will be prepared as new information is received. USAID
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JENKENS & GILCHRIST: THE RISE AND FALL OF A MODERN LAW FIRM By Cheryl L. Mullin It is not the strongest of the species that survive‚ nor the most intelligent‚ but the one most responsive to change ~ Charles Darwin. I. INTRODUCTION Jenkens & Gilchrist was a Dallas-based law firm that grew rapidly in the 1990s‚ primarily through mergers‚ acquisitions‚ and lateral hires. But when it was formed in 1951‚ the partners had no national aspirations. Its only purpose‚ in fact‚ was to serve the
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It has one major part‚ corporate culture‚ often described as the “personality of an organization”. In that case multinational firms play a major role in this‚ as knowing how to communicate through their point of view is a great advantage. To answer the relevant question it is essential to understand what the corporate culture is especially its meanings to a multinational firm. This essay will examine it by explaining the cultural dimensions of G. Hofstede in general and in respect of global business
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Dinner Eating Habits of the University of the Philippines Kalayaan Residence Hall Dormers by Famisan‚ John Paul Javier‚ Humility Malazo‚ Jeffrey Matiling‚ Charissa Serrano‚ Elaine Joy May 2012 Dinner Eating Habits of the University of the Philippines Kalayaan Residence Hall Dormers In general terms‚ food is anything edible‚ gives satisfaction‚ and comprises almost the budget of the family. When we are confronted by a strange plant or animal‚ the first question that enters our minds
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