L1Ch3 2

50 %
50 %
Information about L1Ch3 2
Entertainment

Published on December 17, 2007

Author: Kestrel

Source: authorstream.com

Disclosures For Changes of Auditors:  Disclosures For Changes of Auditors Alice AU YEUNG Jenny Chan May Ko Agenda:  Agenda Slide3:  Ramor Investment In the case…:  In the case… Pricewaterhouse Cooper Norton Keen Ramor Investment existing auditor incoming auditor Trend of auditor changes:  Trend of auditor changes Reason to auditor changes:  Reason to auditor changes Slide8:  UK- Section 394 of Companies Act ‘Where an auditor ceases for any reason to hold office, he shall deposit at the company’s registered office a statement of any circumstances connected with his ceasing to hold office which he considers should be brought to the attention of the members or creditors of the company or, if he considers that there are no such circumstances, a statement that there are none.’ Changes in a Professional Appointment Changes in a Professional Appointment:  Changes in a Professional Appointment UK- Section 394 of Companies Act Advantages: Help to alert shareholders High degree of protection for auditors Burden of proof rests with the company But No guidance for auditors Extent of protection ??? Changes in a Professional Appointment:  Changes in a Professional Appointment US- SEC rules Company: Form 8-K filings Minimum disclosure Date of auditor change Approval of directors Disagreements with auditors Name of new auditors Consultation with new auditors Changes in a Professional Appointment:  US- SEC rules Auditors: Send a form letter to SEC, matched with Form 8-K filings Must state their opinion with the filing Changes in a Professional Appointment Changes in a Professional Appointment:  HK- Code of Ethics Communication with existing auditor Exchange of background information New auditor should decline nomination if client refuses communication with outgoing auditor Changes in a Professional Appointment Reality Constraints:  Reality Constraints Companies Hide Problems Audit Firms Hide Problems Protect Profit (e.g. Consultancy Service) Avoid liabilities (e.g. Lawsuit) Fierce competition in the industry Result Of The Case:  Result Of The Case DTI’s Report On PwC PwC’s conduct as regards the non-executive directors and incoming auditors is indefensible Give shareholders less than the full picture of the situation is not justified Irresponsible for resigning the auditor and go too quietly Slide15:  Do audit firms have Adequate Incentives to disclose problems to Shareholders or to Incoming auditors? It depends…. Degree of Regulations:  Degree of Regulations HK UK US Weakest Strongest This Case Happened Communications between audit firms Company: 8-K Forms Minimum Disclosure Auditor: Letter to SEC Companies Act: Auditors decide what information to be disclosed, depending on their usefulness Attend AGM Slide17:  Q&A

Add a comment

Related presentations

Related pages

L1CH3【Fandub Latino】「Homestuck No Fandub ... - YouTube

... //www.youtube.com/watch?v ... L1CH3【Fandub Latino】「Homestuck ... Español - Let's Read Homestuck: Acto 2 Parte 1 - Duration ...
Read more

A new cinchona-modified platinum catalyst for the ...

... (L1CH3+)M(Cl)2(PR3)]+ BF4− (M = Pd, Pt, 14–18), [(L1CH3+)Ir(Cl)2(Cp*)]+ BF4− (19), [(L1+H+)M(Cl)2(PR3)]+ CF3SO3− (M = Pd, Pt, 20–22) ...
Read more

Atrapados en casa 【Fandub Latino ... - YouTube

Atrapados en casa 【Fandub Latino ... - Duration: 2:25. Homestuck No Fandub ... L1CH3【Fandub Latino】「Homestuck No ...
Read more

1. Introduction - Springer

UNIMOLECULAR MICELLES OF HYDROPHOBICALLY MODIFIED ... and rheology modification. 1 ,2 ... and label units, respectively (Chart 2). ® ~-(CH2)l1CH3 V ill ...
Read more

Role of the CF3 attractive group on the electrochemical ...

The magnetic properties of [Cu2(L1CF3)](ClO4)2 and [Cu2(L1CH3)](ClO4)2·2H2O have been compared. Inspite of the modification of the redox properties, ...
Read more

Patent US3511708 - Method for displacing liquid organic ...

... XCH3 wherein m is an integer from 2 to 6, n is in integer from 1 to 3 and x is a number from 1 to 18, ... (CHa)2SiO]oSi(CHs)2(Cm)sO (C2H4O):L1CH3. ...
Read more

Über nitrosyl-metall-komplexe : XIII. Ring-addition und ...

Also the preparation of the ring addition products 5-exo-R5H5Mn(C 0)2- NO from L1CH3 and LiC6H5 ... Int.) r(COR) (lut.) m(22...30) 2.47(15) m(2,1_3,0 ...
Read more

Cinchona Alkaloids as Versatile Ambivalent ... - DeepDyve

Read "Cinchona Alkaloids as Versatile Ambivalent Ligands – Coordination of Transition Metals to the Four Potential Donor Sites of Quinine" on DeepDyve ...
Read more

Patent US3511708 - Method for displacing liquid organic ...

Method for displacing liquid organic films from solid surfaces US 3511708 A
Read more