, 2-16: A. Operation audits is to assess performance and identify area for improvement in order to evaluate whether the resource are being used efficiency and effective. B&C&D do not belong to operation audit because they are unrelated to improvement which needs to be evaluated. 2-17: A. As for the Sarbanes-Oxley Act, it prohibits external auditors from providing and
However, it does not specify when to recognize or how to measure the items that make up comprehensive income. In reporting comprehensive income, companies are required to use a gross disclosure technique for classifications related to items of other comprehensive income other than minimum pension liability adjustments. For those classifications, reclassification adjustments must be disclosed separate from other changes in the balances of those items so that the total change is disclosed as two amounts.
In addition, the investors and creditors of Phar-Mor did not have a written agreement with the auditor, Coopers & Lybrand’s, defining Coopers & Lybrand’s duty. Thus, those investors and creditors are third parties but not primary beneficiaries. Consequently, Coopers & Lybrand was held not liability for the investors and creditors. On the other hand, Plaintiffs alleged that Coopers & Lybrand had recklessly audited Phar-Mor financial statements and if Coopers & Lybrand’s
In the stated policy there is no mention of inspection of the process for receiving the delivery. When there is no system in place to ensure that the items ordered are the items received there is no control over the overall costs of materials. To gain this control there should be an inspection done of the materials against the bill of lading provided by the shipper. Once the bill of lading is signed off on, the goods receipt should be given to the accounting department with a copy of the purchase order. This will insure that when the invoice is received by the accounting department they will be able to match the items on the invoice to the items received.
What legal principles—such as statutory or case law—support those liabilities and rights? • Since NewCorp did not hire Pat under a contract that specifies specific employee rights,
c. 93A, § 2. Simply because the actions of the lending institution are not specifically barred by M.G.L. c. 93A § 3, does not mean that the combined actions are permitted by any State of Federal organization, here these actions were not permitted. A judgment is to be entered affirming the grant of the preliminary injunction and remanding the case to the Superior Court for further
RAND’s publications do not necessarily reflect the opinions of its research clients and sponsors. is a registered trademark. - iii - PREFACE This paper is the final report of the RAND Internal Research and Development (IR&D) project “Risk Management and Risk Analysis for Complex Projects: Developing a Research Agenda.” The aim of the project was to survey how quantitative risk management and risk analysis methods were applied to the planning and execution of complex projects, particularly those which planned to utilize new and untried technologies. One recent RAND study indicated that such methods, while widely advocated, were not used to plan and manage a critical government satellite development project. This paper recommends several research areas in which RAND could contribute to evaluating the utility of these methods and improving their applicability.
Hence, our conception of one substance would be understood via an external property in relation with the other substance. Since substances cannot be understood in terms of external properties in relation with each other then they cannot be said to account for one another either because they do not relate to each other. Hence, since they cannot account for another, then they cannot cause or produce one another. From this line of reasoning Spinoza provides the corollary that substance cannot be produced by anything outside of it because there only exist substance and their
This classification, however, is only peculiar to the Hanafis. This is contrary to the majority of Muslim jurist’ opinion as the transfer of debt to a person who is neither a debtor nor a creditor is not Hawalah but is more like a contract of agency, in which the transferee is appointed as an agent to pay the debt on behalf of a debtor (transferor). The Hanafis argued that both types of transfer of debt are permissible based on the general language in the above Hadith on the legality of Hawalah. However, unrestricted transfer of debt differs significantly from restricted ones in the following aspect; first, if the transfer of debt is unrestricted, and the transferee is not indebted to the transferor, then the
But this legal right doesn't allow individuals to compel Acxiom to reveal what personal information was sold8. Many of the scholars have