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On May 9 through May 12, 2007, representatives of SAIs from 52 countries gathered in Lisbon, Portugal, for the fifth EUROSAI/OLACEFS Conference. The theme for the conference, hosted by the Tribunal de Contas of Portugal, was fiscal sustainability, presentation of accounts, and accountability. The first working session -- the presentation of accounts and accountability in the context of fiscal sustainability -- featured four speakers who focused on reforms within their SAIs. At the close of the conference, the participating SAIs agreed that they have a natural role to play in working towards fiscal sustainability. Methods for addressing this issue include disclosing the actual size of public debt; assessing the economic situation of the state; and monitoring the economy, efficiency, and ...
... Al Jalahma, President of the National Audit Court. The PSCs next meeting will take place on November...Auditors from all three countries' SAIs have developed key ...
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Fearing catastrophic jury verdicts for malpractice, many professionals are increasingly using liability-limiting language -- particularly waivers of punitive damages and alternate dispute resolution agreements. The current trend of the law seems increasingly toward allowing professionals to limit their liability through contractual agreement, but several regulatory agencies prohibit their use in certain circumstances. When an accountant is performing ordinary commercial services, such as management consultancy, there is no special concern, and liability-limiting language ought to be routinely enforced. The auditor-client relationship is not a fiduciary one, and the client risks only economic harm, not physical injury or death. If an agreement between an accountant and client turns out t...
... provisions "may weaken the external auditors' objectivity, impartiality and performance" and "m... clauses will not be enforced by the courts if they offend public policy. This exception inclu...
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Introduction - II. The importance of collective actions in providing redress for negative value consumer claims - A. Injuries to Consumers in the United States and Italy: An Illustration - B. The Collective Action as a Consumer’s Only Remedy - III. Italy’s new class action as the government’s remedy - IV. The U.S. and Italian approaches to protecting consumers through collective actions for damages: two important features - A. The Opt-In/Opt-Out Comparison: Which Is More Effective for Consumer Class Actions? - B. Associational Standing: Should it be Broad or Limited? - 1. Associational Standing in Italy - 2. Associational Standing in the United States - V. Synthesizing the opt-in/opt-out class action device and associational standing in Italy and the United States: which flaws are ad...
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... reports of the commission's external auditors, the Court of Auditors. With input from the Europe...
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... under the oversight of the EC and the EU Court of Auditors. Farm registration is mandatory, and e...
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... of certain firms from October 2011, courtesy of Consultation Paper (CP) 11/04 and its recently ... assets reports required from a firm's auditors. The policy statement highlights the expectation g...
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We are proposing to amend the regulations that govern the importation of animals and animal products to revise the conditions for the importation of live bovines and products derived from bovines with regard to bovine spongiform encephalopathy (BSE). We are proposing to base importation conditions on the inherent risk of BSE infectivity in specified commodities, as well as on the BSE risk status of the region from which the commodities originate. We are proposing to establish a system for classifying regions as to BSE risk that is consistent with the system employed by the World Organization for Animal Health (OIE), the international standard-setting organization for guidelines related to animal health. The conditions we are proposing for the importation of specified commodities are bas...
...Cebull of the U.S. District Court for the District of Montana ordered that the imple... potential impact on public health, FSIS auditors required the establishments to take immediate corr...
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... Supreme Court observed that although "auditors" had long been used for post-trial proceedings in ...
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... Acquisition will be implemented by way of a court-sanctioned Scheme of Arrangement under Part 26 of ... and have not been reviewed by the auditors of CSG or Intec. There are a number of factors tha...
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... Protocol between the Central Bank and Auditors of Regulated Financial Service Providers (the "Aud..., Central Bank of Ireland, Block D, Iveagh Court, Harcourt Road, Dublin 2. . Email: sanctions@centr...