REMERCIEMENTS Nous tenons a remercier particulierement notre Maitre de memoire, Madame Joelle Cernes pour sa precieuse aide dans la construction et la realisation de ce projet. Nos remerciements se portent egalement vers l’equipe enseignante: Au corps professoral pour la richesse des enseignements et des echanges tout au long des trois dernieres annees au sein de […]
After the company merged with Mittal steel it is renamed as ‘ArcelorMittal’. Lakshmi Mittal the owner of Mittal steel became the Chairman of ArcelorMittal. The merger of Arcelor with Mittal steel made ArcelorMittal the worldwide leader in steel industry by increasing its bargaining power by the consumers and suppliers. The new management and board had […]
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Get startedIn an effort to restore public confidence of the Malaysian capital markets, following the East Asian financial crisis in the late 1990s, the Malaysian government intensified several initiatives to promote awareness, advocacy and actions (S. Susela Devi, 2003) to enhance corporate governance in Malaysia, with prioritized focus on the capital market. Table 1.1 in Appendix […]
In the last decade, international financial system has been hit several times by many different gigantic occurrences. The soonest was the subprime mortgage crisis, but the situation this dissertation will be concentrating is the failure of Enron. Mainly because the aim of this paper is to present financial audit as a fraud prevention mechanism, not […]
Question: SAS No. 31, Evidential matter, identifies five management assertions that underlie a set of financial statements. Which of these assertions should have been of most concern to Price Waterhouse regarding the large period-ending adjustments AMRE recorded during the fourth quarter of fiscal 1989? AMRE’s fourth-quarter write-offs were large adjustments accepted by Price Waterhouse before […]
FORENSIC AUDIT: A MECHANISM TO CHECK CORPORATE FRAUDS ABSTRACT Satyam, Enron, Worldcom, Tyco are few of the big brands which were charged with financial frauds. Corporate are separate legal entities wherein directors and managers are supposed to act for the welfare of shareholders. Various regulators, rating agencies, auditors are part of external check system. However […]
ENERGY LAW-GAS MARKET REFORMATION Distribution Grid of Natural Gas It is the grid which is developed or is going to be developed in accordance with approved program of development Natural Gas Distribution Companies The companies which occupy with issues of natural gas distribution grid. Regulatory Authority of Energy (RAE) The Regulatory Authority for Energy (RAE) […]
Introduction Financial scandals of a business would happen through complex methods of misusing funds or giving incorrect information to mislead public and many others way. The occurrence of financial scandal had brought huge impact to the economy, the revenue of the economy was reduced drastically, escalating unemployment rates and local governments suffer huge losses prior […]
American Fuel & Supply Company Inc. 1. A major focus of the lawsuit Chevron Chemical filed against Touche Ross was the auditing profession’s rules regarding the “subsequent discovery of facts existing at the date of the auditor’s report”. Those rules distinguish between situations in which a client cooperates with the auditor in making all necessary […]
1. ) After performing any alternative procedures, the auditor should evaluate the combined evidence provided by the confirmations and the alternative procedures to determine whether sufficient evidence has been obtained about all the applicable financial statement assertions. In performing that evaluation, the auditor should consider (a) the reliability of the confirmations and alternative procedures; (b) […]
