... highest economic loss of all of the 15 leading causes of death worldwide. The economic toll from cancer is nearly 20 percent higher than heart disease, the second leading cause ofeconomic ... MiddleIncomeLowIncomeTHE OVERALL ECONOMIC IMPACTFor the first time, research has shown that cancer has the most devastating economic impact of any cause of death in the world.The total economic impact of premature ... diseases.The first -of- its-kind analysis of the globaleconomic impact of cancer is contained in this report released by the American Cancer Society and LIVESTRONG. The landmark economic study comes...
... Development and the Environment, University of Oslo, Oslo, NorwayYat Lun Chan Professor, University of Aberdeen, Old Aberdeen, ScotlandRupa Chanda Assistant Professor, Department of Economics, Indian ... ItalyMark Turner Professor, School of Administrative Studies, University of Can-berra, Canberra, AustraliaEnbao Wang Assistant Professor, Department of Political Science, University of Hawaii at ... in the process of entering into the unknown field of post-industrial envi-1Contributors xiSandip Singh Sahota Professor, Department of Government and World Af-fairs, University of Tampa, Tampa,...
... not pass on the merits of an investment offering. Acknowledgments Laila K. Atallah, Principal Counsel, Office of the Attorney General, Department ofBusiness and Economic Development ... Department ofBusiness and Economic Development Melanie Senter Lubin, Commissioner, Securities Division, Office of the Attorney General David M. Lyon, Principal Counsel, Office of the Attorney ... Comptroller of the Treasury David M. Porter, Assistant Attorney General, Department ofBusiness and Economic Development W. David Rawle, Assistant Attorney General, Department ofBusiness and Economic...
... the economic impact of its gradual introduction Economic Impact of Cloud Computing on Business Creation, Employment and Output 1952009 / 2 Review ofBusiness and EconomicsThe Economic Impact of ... server farms as Economic Impact of Cloud Computing on Business Creation, Employment and Output 1832009 / 2 Review ofBusiness and EconomicsSimilarly, the advantages of the economy of scale and ... create Economic Impact of Cloud Computing on Business Creation, Employment and Output 1852009 / 2 Review ofBusiness and Economicsand expand new business, on the market structure and on the level of competitionin...
... Non-compliancewithcapitalorotherstatu-toryrequirements.Theexistence of oneormoreeventsorconditionshighlightedintheISA,aswellastheexamplesmentionedinthisalert,doesnotalwayssignifythatamaterialuncertaintyexists.Whenidentied,however,theseeventsorconditionsprompttheauditortoperformfurtherauditprocedurestogathersufcientappropriateauditevidencetoconrmordispelwhetherornotamaterialuncertaintyexists.Suchproceduresincludetheconsideration of theeffect of anyplans of managementandothermitigatingfactors.Availability of CreditOnemajoreffect of thecreditcrisisand economic Period of Time Considered ... theISAsthatarerelevanttotheengagement.1BackgroundThegoingconcernassumptionisafundamentalprincipleinthepreparation of nancialstatements.Underthegoingconcernassumption,anentityisordinarilyviewedascontinuingin business fortheforeseeablefuturewithneithertheintentionnorthenecessity of liquidation,ceasingtradingorseekingprotectionfromcreditorspursuanttolawsorregulations.Accordingly,unlessthegoingconcernassumptionisinappropriateinthecircumstances of theentity,assetsandliabilitiesarerecordedonthebasisthattheentitywillbeabletorealizeitsassets,dischargeitsliabilities,andobtainrenancing(ifnecessary)inthenormalcourse of business. Theassessment of anentity’sabilitytocontinueasagoingconcernistheresponsibility of theentity’smanagement;andtheappropriateness of management’suse of thegoingconcernassumptionisamatterfortheauditortoconsideroneveryauditengagement.Somenancialreportingframeworkscontainanexplicitrequirementformanagementtomakeaspecicassessment of theentity’sabilitytocontinueasagoingconcern,andstandardsregardingmatterstobeconsideredanddisclosurestobemadeinconnectionwithgoingconcern.Forexample,withinInternationalFinancialReportingStandards(IFRS),InternationalAccountingStandard(IAS)1,“Presentation of FinancialStatements,”requiresmanagementtomakeanassessment of anentity’sabilitytocontinueasagoingconcern:“Whenpreparingnancialstatements,managementshallmakeanassessment of anentity’sabilitytocontinueasagoingconcern.Financialstatementsshallbepreparedonagoingconcernbasisunlessmanagementeitherintendstoliquidatetheentityortoceasetrading,orhasnorealisticalternativebuttodoso.Whenmanagementisaware,inmakingitsassessment, of materialuncertaintiesrelatedtoeventsorconditionsthatmaycastsignicantdoubtupontheentity’sabilitytocontinueasagoingconcern,thoseuncertaintiesshallbedisclosed.Whennancialstatementsarenotpreparedonagoingconcernbasis,thatfactshallbedisclosed,togetherwiththebasisonwhichthenancialstatementsarepreparedandthereasonswhytheentityisnotregardedasagoingconcern.Inassessingwhetherthegoingconcernassumptionisappropriate,managementtakesintoaccountallavailableinformationaboutthefuture,whichisatleast,butisnotlimitedto,twelvemonthsfromthebalancesheetdate.Thedegree of considerationdependsonthefactsineachcase.Whenanentityhasahistory of protableoperationsandreadyaccesstonancialresources,aconclusionthatthegoingconcernbasis of accountingisappropriatemaybereachedwithoutdetailedanalysis.Inothercases,managementmayneedtoconsiderawiderange of factorsrelatingtocurrentandexpectedprotability,debtrepaymentschedulesandpotentialsources of replacementnancingbeforeitcansatisfyitselfthatthegoingconcernbasisisappropriate.”2Thedetailedrequirementsregardingmanagement’sresponsibilitytoassesstheentity’sabilitytocontinueasagoingconcernandrelatednancialstatementdisclosuresmayalsobesetoutinlaworregulation.Otherstandardsandguidancemayalsoberelevant,suchasthoserelatingtodisclosures of risksanduncertaintiesortosupplementarystatementssuchasmanagementdiscussionandanalysisorsimilar.Relevant ... ConcernItisimportantthatauditorscommunicatewithmanagementand,whereappropriate,thosechargedwithgovernanceearlyintheaudittoobtainanunderstanding of howmanagementintendstoassesstheentity’sabilitytocontinueasagoingconcernandtoenabletheauditortocommunicateanyeventsorconditionsrelatingtothegoingconcernassumptionthathavealreadybeenidentiedduringtheaudit.Insomecases,managementmayhavealreadymadeapreliminaryassessmentthattheauditorwouldreviewwhenperformingriskassessmentprocedurestodeterminewhethereventsorconditionsrelatingtothegoingconcernassumptionhavebeenidentiedandwhethermanagementhasplanstoaddressthem.Management’sassessment of thegoingconcernassumptioninvolvesmakingajudgment,ataparticularpointintime,aboutthefutureoutcome of eventsorconditionswhichareinherentlyuncertain.Wheremanagementhasmadeapreliminary“GoingConcern,”establishestherelevantrequirementsandguidanceandisdiscussedinmoredetailbelow.Management’sassessment of theentity’sabilitytocontinueasagoingconcernisakeypart of theauditor’sconsideration of thegoingconcernassumption.Theauditor’sresponsibilityistoconsider,whenplanningandperformingauditproceduresandevaluatingtheirresults,theappropriateness of management’suse of thegoingconcernassumptioninthepreparation of thenancialstatements.3Theauditorconsiderstheappropriateness of management’suse of thegoingconcernassumptionevenifthenancialreportingframeworkusedinthepreparation of thenancialstatementsdoesnotincludeanexplicitrequirementformanagementtomakeaspecicassessment of theentity’sabilitytocontinueasagoingconcern.4ISA570requirestheauditortoconsidergoingconcernintheearlystages of theaudit(i.e.,whenplanningtheauditandperformingriskassessmentprocedures)byconsideringwhetherthereareeventsorconditionsandrelated business riskswhichmaycastdoubtontheentity’sabilitytocontinueasagoingconcern,andtoremainalertduringtheauditforauditevidencetothiseffect.5Theauditorisrequiredtoevaluatemanagement’sassessment of theentity’sabilitytocontinueasagoingconcern.6Wheneventsorconditionshavebeenidentiedwhichmaycastsignicantdoubtonanentity’sabilitytocontinueasagoingconcern,ISA570requirestheauditortoconsiderwhethertheyaffecttheauditor’sassessment of therisks of materialmisstatementandto:a.Reviewmanagement’splansforfutureactionsbasedonitsgoingconcernassessment;b.Gathersufcientappropriateauditevidencetoconrmordispelwhetherornotamaterialuncertaintyexiststhroughcarryingoutauditproceduresconsiderednecessary,including3...
... feedback@worldbank.org SOME ECONOMIC CONSEQUENCES OF GLOBAL AGINGA Discussion Note for the World BankRonald Lee, Andrew Mason and Daniel CotlearDecember 2010 SOME ECONOMIC CONSEQUENCES OF GLOBAL AGING ... a form of the ―quantity-quality tradeoff‖. This tradeoff can mitigate the adverse effects of population aging on the economic support ratio by raising the quality and productivity of the smaller ... macroeconomic consequences of population aging, because these programs are only a fraction of government activities, and government is only a fraction of total economic activity. The rates of...
... 1IntroductionThis is a report of our financial audit of the Department of Business, Economic Development and Tourism, State of Hawaii (department).The audit was conducted by the Office of the Auditor and ... of Business, Economic Development andTourismSource: Department of Business, Economic Development and Tourism.This is trial versionwww.adultpdf.comFinancial Audit of theDepartment of Business, Economic ... byThe AuditorState of HawaiiandKPMG LLPTHE AUDITORSTATE OF HAWAIISubmitted byThis is trial versionwww.adultpdf.comOffice of the AuditorThe missions of the Office of the Auditor are assigned...
... $12,107,292Amount of loans with balances >90days past due at June 30 $5,568,059 $5,931,910 $6,611,252Percent of loans >90 days past dueat June 30 59% 59% 55%No. of loans written off as of June ... department’s loan officer indicated that on-site inspection of theapplicant’s collateral by a business loan officer should be completedprior to a loan’s formal approval. However, documentation of this ... andcoordination of programs and projects aimed at specific business sectors or economically-distressed areas, including rural areas and areasaffected by natural disaster; and to promote the statewide economic development...
... HigaOffice of the AuditorState of HawaiiDearMs.Hi9a:Thisisour reportonthe financial audit of the Department of Business, Economic DevelopmentandTourism, State of Hawaii (DBEDT),as of andfor ... financial statements of the governmental activitiesandeach major fund of the Department of Business, Economic DevelopmentandTourism of the State of Hawaii (DBEDT), as of andfor the fiscal ... performedinaccordance with the terms of ourcontract with the Office of the Auditor, State of Hawaiiandwith the requirements of theOffice of ManagementandBudget (OMB) Circular A-133, Audits of States, LocalGovernments,...
... versionwww.adultpdf.comDepartment of Business, Economic DevelopmentandTourismState of HawaiiRECONCILIATION OF THE CHANGE IN FUND BALANCE OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIESFiscalYearEndedJune30, ... versionwww.adultpdf.comDepartment of Business, Economic DevelopmentandTourismState of HawaiiSTATEMENT OF REVENUES, EXPENDITURES, AND CHANGESINFUND BALANCESGOVERNMENTAL FUNDS .FiscalYear EndedJune30, 2009 Economic DevelopmentSpecialCapitalGeneralRevenueProjectsTotalREVENUESChargesforcurrentservices$ ... Department of Business, Economic DevelopmentandTourismState of HawaiiRECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEETTO THE STATEMENT OF NET ASSETSJune30, 2009Total...
... developeroffsets the maximum allowable cost of repair of $1,100,000 againstitsobligation to Harbors forlossesinrevenues.34This is trial versionwww.adultpdf.comDepartment of Business, Economic DevelopmentandTourismState of HawaiiNOTES ... budgetispreparedonthe modified accrual basis of accounting with31This is trial versionwww.adultpdf.comDepartment of Business, Economic DevelopmentandTourismState of HawaiiNOTES TO THE BASIC FINANCIAL ... capacity.(2)Measurement FocusandBasis of Accounting-Thegovernment-wide statement of net assetsandstatement of activities are accounted forona flow of economic resources measurement focus....