Due diligence

1) Identify which ethical standards listed in the IMA Statement of Professional Practices were violated by deliberately overestimating the useful lives of depreciable assets. The IMA Statement of Ethical Professional Practice that Waste Management violated is Integrity. Integrity is defined as an “adherence to moral and ethical principles; soundness of moral character; honesty” (Integrity) Integrity is the way that an individual or company conduct themselves. Conducting themselves with the…

the duty to act with reasonable care and diligence and the duty to prevent insolvent trading have not helped to prevent companies going into insolvency. The reasons are outline below. Explanation Directors have duties to ensure best interests of the company as whole including creditors. Under Corporations Acts, directors are required to act with reasonable care and diligence and prevent insolvent trading. Certain statutory duties of care, skill and diligence was laid down in s107 of it Companies…

that no one employee has a large amount of authority to commit fraud by themselves (Goldmann, 2010). Delegation of authority refers to having different levels of authority approve a portion of the approval process. Techniques include some form of due diligence to do some research, know customers, and to know the documents. Lastly, some techniques can take place after a loan is closed, such as a detailed post-closing quality control. For this, it is good to review the documents to make sure they…

factors such as changes in the cost of resources due to currency fluctuations impacted by the financial markets and the national economy could contribute as well to increasing tensions between the two sides of an outsourcing relationship. Therefore, baselining is a critical aspect. The benefits of baselining accrues to both sides of the business relationship as risks that threaten the relationship…

and thereby avoiding any actions which are likely to be harmful. In Buddhism, there is much talk of a skilled mind. A mind that is skillful avoids actions that are likely to cause suffering or remorse. Last words of Buddha were: “Strive on with diligence”. Christianity…

provided with a scholarly education but rather one of domestics and culture. Considering she isn't receiving the education she desires, she states in one of her Letters, “For knowledge is not given as a gift, but [is gained] with diligence.” When Cereta mentions diligence, she often refers to the efforts one may make in order to achieve the level of excellence…

Neese Trustee in the bankruptcy for the First Trust Company brings suit against the directors for failure to use due diligence and to recover losses as a result of these actions or failures to act. The Neese Trustee for the First Trust Company cite in their suit that the directors were negligent in their actions and that they did not discharge their duties as required as directors, they further state that they did not give the required time and attention required of them, this is a crucial…

Beauchamp’s employee’s business performance is at a slump due to Synergon’s aggressive changes. Beauchamp is capable of operational execution, and can adapt to Synergon’s tactics, with time. Nick Cunningham should execute several practices to salvage this acquisition. First, Cunningham should appoint a manager…

infringes on their section 7 Charter right. For instance, in the case of Raham (2010), the accused was charged with “stunt driving”, with it carrying a maximum penalty of six months’ imprisonment, and due to this the court found that characterize it as absolute liability would be struck down by section 7 due to the possibility of imprisonment, thus, strict liability. Similarly, since there would be the possibility of imprisonment under section 30(1), the court would likely have to proceed with…

The Obama Administration’s policy toward the Democratic Republic of the Congo is centered on helping the country become more democratic, at peace within its region, and more able to provide for the basic needs of its citizens. The U.S. provided $277 million in bilateral aid to DRC in 2016, along with $166 million in emergency assistance. Targeted sanctions under Executive Order 13413 (2006) focus on human rights issues such as sexual violence and child soldiers, both of which are exacerbated by…