Deviating from these Standards caused great social cost, making legislations such as the Act of External Auditing on Corporations to punish those deviations, which were named as audit failures. According to these legislations, the Financial Supervisory Service annually verifies the work of every accounting firm. This legal environment made quality control the first priority of accounting firms.
legally protected interest which is “actual or imminent, not ‘conjectural’ or ‘hypothetical’.”
② Concrete and Particularized
The plaintiff must have suffered an “injury in fact”-an invasion of a legally protected interest which is concrete and particularized.
③ Causation & Redressability
There must be a causal connection between the injury and the conduct complained of-the
facts would have altered the ‘total mix’ of information available to the investor.” Thus, a matter is generally thought of as “material” if a prudent investor would reasonably want to know about it. Size of the company could be relevant. And other factors such as compliance with regulatory requirements or concealment of an unlawful act could and should be brought into considerations.
■ Diverse Aspects
Ⅰ. Political Environment
The political structure of a country inevitably affects the way a business operates, as it is the political regime that will enact laws, sets regulations and policies.
Singapore's parliamentary democracy system is well known for creating a stable and orderly government. The government provides first-rate efficiency and excellence in the p
Ⅰ. Introduction
1. Background/ Definition of Problem
According to a survey of “International Transparency”, public institutions rectitude level of Korea in 2013 stayed # 46 of the countries surveyed 177 pieces. It means that Korea achieved significantly quantitative growth, but the qualitative level of the public organizations is inferior to the developed countries. October 10, 2014 accor