Internal consistency

3.4 Risks Every system comes with numerous risks and HVPS is not excluded. HVPS faces risks such as liquidity, legal, operational and credit. To minimize liquidity risk, HVPS provide functions such as account inquiry, balance warning and business queuing which helps to improve liquidity management. HVPS have taken measures such as business limitation, account balance control and debiting control to strengthen the management of credit risk. Whereas to prevent legal risk, People’s Bank of China…

Abstract We compare general corporate governance principles, guidelines and existing legislation relative to business, specifically in the financial industry, with Mr. Warren Buffett's corporate governance principles and applications in his company, Berkshire Hathaway. Then we consider best practices about leadership succession and compare them with the approach at Berkshire Hathaway. Business succession of Mr. Buffett being an important issue to which a clear path has not been presented…

Model of Trust and the AICPA Professional Code of Conduct According to Xie and Peng (2009), ability, benevolence and integrity are the core elements that help to build interpersonal trust within organizations. These same core elements are also essential within the accounting profession and are the cornerstone of the American Institute of Certified Public Accountants’ (AICPA) Professional Code of Conduct (the Code). The Code is the primary source of guidance for accountants. The Code is…

The Raven Literary Analysis I would like to do a literary analysis of “The Raven” by Edgar Allan Poe, which is considered one of the best poems in the history. Main character is the narrator, who is not further described except fact that he lost his beloved Lenore, and the raven. Even though the raven is just an animal he plays an important role in the poem. It is a short story about the person who is the narrator and is trying to find out if he will see Lenore ever again. Answer to that is…

Before we know about power quality audit we must know about what is audit. Audit The word audit is derived from a Latin word "audire" which means "to hear". During the medieval times when manual book-keeping was prevalent, auditors in Britain used to hear the accounts read out for them and checked that the organisation's personnel were not negligent or fraudulent. Quality Audit Quality audits are performed to verify conformance to standards through review of objective evidence. A system of…

1. Legal aspects A. The first question to analyze is whether Blooms Inc. has consent to collect the data of customers under the General Data Protection Regulation (GDPR). According to Article 7(1) GDPR, the fundamental condition for the data processing based on consent is the ability of the data’s controller to demonstrate that the data subject (i.e. the customer) has consented to the processing of his or her personal data. In the present case, the customers, namely Steven and John, freely and…

1. Identify accounting rules of revenue recognition and describe the inadequacies in accounting context of using bill-and-hold to recognize revenue at Halliburton. According to the accounting principle revenue recognition, it is the function when revenue is reported and recognized when a function has occurred. Under GAAP, revenue recognition should recognize a measurable amount of revenue once a certain transaction has been fully made. That would be the case, when certain types of goods or…

Identify the ethical dilemma - what laws did they broke, refer to class lessons and materials for this (Jeffrey Lee) The Enron scandal is the biggest white-collar crime in our era. A white-collar crime is not violent and usually deals with financial motivated situations. In this situation, ENRON officials were completely unethical. One topic that we covered during Case Study number 4 was the “Ponzi scheme” that included Bernie Madoff. This incident can be related to the ENRON scandal because…

Evidentiary privileges shall be governed by the principles of the common law in the light of reason and experience. It is aimed to encourage full and frank communication between attorneys and their clients to promote public interest in the observance of law and administration of justice. Attorney-Client Privilege It is the Client’s right privilege to refuse to disclose or prevent others from disclosing confidential communications between the client and the attorney. Here, Carolyn (C) hires…

1. 5623 Chief Petty Officer (CPO) D. Morrison (Ret) was senior to the undermentioned Rating upon Acting Petty Officer as indicated by the documents at reference. This relative seniority was maintained throughout CPO D. Morrison’s career from his date of confirmation as an Able Seaman until his advancement to Petty Officer (PO). DFNO RANK NAME PO ADVANCEMENT DATE CPO ADVANCEMENT DATE 5686 Chief Petty Officer S. Caribbon 02 January 2007 17 February 2011 2. At reference A, CPO D. Morrison and…