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Accountancy
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Issue # 009 December
23,
2002 |
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| Weekly
Poll Results |
| This week we asked our readers
about the mandatory rotation of auditors after 5 years. Would
it be a good step, or would it not be. This is how our readers have answered.
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is a correct decision of SECP |
40% |
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is a wrong decision of SECP |
32% |
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will keep the auditors on their toes |
9% |
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umm... i don't know |
4% |
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mandatory rotation.. what's that? |
15% |
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Advertisement |
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In this week's issue:
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| In the News |
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| Featured Articles |
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| Are accounting
programs really the cause of the departure of moral values
from accounting? If not, what institution is at fault?
Unfortunately, it isn't possible to cite a single institution
as the causal factor for our apparent disregard for ethical
values, nor is there a single solution to our problem.
Read
the full article |
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Information technology plays a vital
role in supporting the activities of both profit-oriented and
not-for-profit organisations. Accountants, in addition to
extensively using various types of information technologies,
often play important managerial, advisory and evaluative roles
in connection with the adoption and use of various information
technologies by organisations of all types and sizes.
Read
the full article |
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| Articles for Students |
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| Foreign exchange risk
can be defined as: "The likelihood that an unexpected change
in exchange rates will alter the home currency value of
foreign currency cash payments expected from a foreign source.
Also the likelihood that an unexpected change in exchange
rates will alter the amount of home currency needed to repay a
debt denominated in a foreign currency".
Read
the full article |
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| Few people would argue
with the idea that commercial businesses aim to make profits,
and that decisions in these businesses are focused around how
best to achieve this objective. The desire to be profitable
need not, however, be all embracing, and in practice it can be
seen that companies are likely to pursue a wide range of
objectives, which are both financial and non-financial in
nature. This article seeks to explain how such diversity of
objectives might arise, discuss examples of non-financial
objectives, and consider the implications for company owners
and society in general.
Read
the full article |
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| Check out what they are
talking about in our Forums |
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