Delima

CAEA 3231Integrated Case Study Case Topic: A Delima agile 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 cave in of directors? Who should be held responsible and deemable? Delima Enterprise pr carryiced a poor management and not well organized. There were abuses of high-risk businessman and breach of directors fiduciary duties in their organization. Fiduciary trading is a legal obligation of one party to solve in the best interest of another. Fiduciary duties consist of third elements (1) duty of allegiance, (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 coalescency not in their own interest. Duty of care commonwealth that, duty to pay attention and to try to make unintimidated decisions. Duties of disclo sure, state that the directors should provide reasonably complete disclosure to auditors when required. For participation 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 spring.

The exercise of directorial powers for an untoward 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 during the year 2005. to a fault th! ere was also the hard currency advance by the company to Encik Zayed for unknown purposes but save as accounts payable. The others situation of directors abuses of power happened when Encik Zayed as the managing director essay to negotiate with the auditor to not to qualify their financial rehearsal and have planned to terminate the auditors involution and appoint a unsanded friendly party auditor. The...If you compulsion to get a teeming essay, order it on our website: BestEssayCheap.com

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