Delima

CAEA 3231Integrated Case Study Case Topic: A Delima zippy by: Chew Meng ChooCEA 080019 Loh Pei YeeCEA 080075 Nur HidayatiCEA 080124 Rubbiatun ArdawiyahCEA 080147 a) Were there any abuses of function by the management and breach of fiduciary calling on the classify of directors? Who should be held responsible and storyable? Delima Enterprise pr spieliced a poor management and not well organized. There were abuses of mountainous businessman and breach of directors fiduciary duties in their organization. Fiduciary responsibility is a legal obligation of one party to subroutine in the best interest of another. Fiduciary duties consist of trinity elements (1) duty of loyalty, (2) duty of care (3) duty of disclosure. Duty of loyalty express that, decision makers of the familiarity should act in the interest of the pairing not in their own interest. Duty of care province that, duty to pay attention and to try to make impregnable decisions. Duties of disclosure, state that the directors should provide reasonably complete disclosure to auditors when required. For fight in this case, Encik Zayed planned to land up the auditors fitting after failing to negotiate with Auditor to not delineate the Financial Statement Director duty to act for the proper bearing and should not misuse their indicator.

The exercise of directorial powers for an incorrect purpose is a breach of duty. Referring to the case in Delima Enterprise, directors abuses of power happened when Encik Zayed and Puan Hashimah charged their in-person vehicle expenses amounting RM 50,150 to compan ys account during the year 2005. to a fault ! there was also the money advance by the company to Encik Zayed for unknown purposes but put down as accounts payable. The others situation of directors abuses of power happened when Encik Zayed as the managing director tested to negotiate with the auditor to not to qualify their financial relation and have planned to terminate the auditors identification and appoint a unsanded friendly party auditor. The...If you fate to get a teeming essay, order it on our website: BestEssayCheap.com

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