I. RATIONALE/INTRODUCTION Let’s go back to the 70’s: during those times‚ did we think that the computer industry would be a part of our day to day lives one day? Today‚ be it banking‚ ticketing‚ messaging‚ day to day accounting or any other work‚ we use computers practically for every activity of our lives. As computers have become an integral part of our lives today it is necessary to know more about it. This is where need for computer education comes in. Computers nowadays are very powerful
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order for that auditing firm to be liable for any damages done unto the third party. In the Ultramares v. Touche case‚ the judges found that a liability arose out of a duty that Touche‚ the accounting firm‚ owed to the non-client‚ Ultramares. Touche certified that their client‚ for whom they were performing the audit‚ was solvent when in fact it was not. In the case‚ it is pointed out that Touche knew their client was borrowing at large sums and required “certified balance sheets for continuing existing
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Abstract Architectural design of firm may vary among companies. There are most common categories are business environment‚ strategy‚ and organizational architecture. Business environment of Andersen includes technology that was used effectively; structure of its markets‚ regulations which helped Andersen to grow along with its reputation. The second category is strategy which includes Andersen’s primary goals‚ choice of business‚ and services. Finally‚ the last category is organizational architecture
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References: Deloitte Touche Tohmatsu (2008). IFRS and U.S. GAAP A Pocket Comparison. Retrieved on November 7‚ 2011 from: http://www.iasplus.com/dttpubs/0809ifrsusgaap.pdf FASB (1981).Statement of Financial Accounting Standards No. 51. Retrieved on November 7‚ 2011 from:
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with the teachings of Christ. There are possibilities for integration of the two elements into a larger defined set; it is also putting units together so that they work together as a whole. Healing solutions for a hurting nation through psychology integrating is‚ to restore to health or soundness; cure a means of solving a problem or dealing with a difficult situation‚ in Jamaica. According to Holmes‚ An integrated psychology will be defined by the differences that Christianity makes to a person of
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IN DEPENDENCE OF AUDITOR – ENRON AND ARTHUR ANDERSEN CASE Introduction The world economy in recent years has got some significant growth but also had quite serious scandals. They caused the shakes for many‚ both citizens and authorities. Therefore‚ it is a challenging time and it is the time for change. An absolutely necessity is to enhance the true reliable financial information because the success on the capital market depends on it. The key factor is to assure that auditors must take a completely
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The Three Little Pigs Inc 1) How should the Company determine whether an inventory impairment exists at September 30‚ 2002? More specifically‚ how should management evaluate impairment? The main goal of evaluating impairment of inventory is to provide users of financial statements an accurate assessment of how the company stands. PIGS has three categories of inventory – live hogs ready for sale‚ developing animals‚ and processed pork products. Within these categories‚ PIGS has inventory of
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INTRODUCTION For centuries‚ shipping is the backbone of trade and transport‚ be it cargo trading or in older times long distance human transport. Lately‚ it can be rightly said‚ shipping industry has become the most important factor attributing to globalization. Following topics have been covered in this paper: Identification of the part of shipping industry I am working in Identification of key drivers of change for maritime industry using PESTLE analysis method. Key uncertainties identified
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March 4‚ 2014 Rise & Fall of Arthur Andersen‚ LLP Abstract Enron was a natural gas company that was formed in 1985 by Kenneth Lay. By 1992‚ Enron was the largest selling company of natural gas in North America. In October 2001 a scandal involving Enron was emerging. This scandal led to the fall of the company. The Enron case and many others cases led to the collapse of other companies that did business with them which included one of the largest accounting
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Kinship as a Mechanism for Social Integrating Joey Rahimi It is often demonstrated in many anthropological studies that kinship acts as an important means for social integrating in a given society. But is it a fair generalization to say that kinship always functions as a mechanism for social integration? Kinship refers to the relationships established through marriage or descent groups that has been proven in some societies to lead to social integrating‚ or the process of interaction with other
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