Delima

CAEA 3231Integrated Case Study Case Topic: A Delima jocund 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 dampen of directors? Who should be held responsible and visorable? Delima Enterprise pr routineiced a poor management and non well organized. There were abuses of elephantine businessman and breach of directors fiduciary duties in their organization. Fiduciary handicraft is a legal obligation of one party to profess in the best interest of another. Fiduciary duties consist of one-third elements (1) duty of fealty, (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 fraternity not in their own interest. Duty of care call forth that, duty to pay attention and to try to make dependable decisions. Duties of disclosure, state that the directors should provide reasonably complete disclosure to auditors when required. For physical exercise 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 advocator.

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 companys account d uring the year 2005. to a fault there was al! so the specie advance by the company to Encik Zayed for unknown purposes but record as accounts payable. The others situation of directors abuses of power happened when Encik Zayed as the managing director tried to negotiate with the auditor to not to qualify their financial logical argument and have planned to terminate the auditors participation and appoint a unsanded friendly party auditor. The...If you inadequacy to get a teeming essay, order it on our website: BestEssayCheap.com

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