Ace, too, bears some liability. Although they told Perfect Products plc, ostensibly in good faith, that their situation was hopeless and liquidation was the only answer, when Perfect Products decided to ignore their advice and attempt to avoid voluntary liquidation, Ace failed to use diligence in making the case for liquidation; later, when they are notified in writing that Perfect Products intends to cancel insurances, lay off workers and generally attempt to struggle along despite the opinions of two of its own directors that it cannot survive, the accountants fail to respond. In this respect, they are also failing to exercise diligence in carrying out their role as accountants to the company. Indeed, the accountants' liability would have been minimized at that point had they made a second written representation of their findings and recommendation, even recommending strongly against the hopeless efforts the Chairman was almost forcing the company to engage in.
There is almost no entity involved in the Perfect Products dissolution that is without liability. The Chairman bears at least ethical liability for forcing the directors to go along with a reckless plan, even over the objections of some. The directors who remained bear liability; had those who disagreed resigned, it would at least have denied tacit approval for the effort. The HRM Manager is liable for almost unconscionable disregard of equality statutes and practices. The Risk manager bears liability for cancelling coverages, but more for failing to disclose facts that later rendered useless the coverage he or she kept. The insurance company bears liability for failing to exercise...
Insurance Fraud After tax evasion, insurance fraud is considered the highest-ranked among white-collar crimes. The original concept of insurance, as a for-profit endeavor, was to collect funds from a large number of people to pay for damages and accidents that involved a small percentage of the population that paid premiums. Insurance fraud is an ever-growing problem. Solving or eliminating this problem requires the resources and knowledge of individuals or associations with
Heather Baker The community of Park Slope is an affluent, cohesive neighborhood in Brooklyn, NY. Although relatively healthy, a significant number of individuals who have access to health insurance do not utilize it. Additionally, Park Slope residents have a higher than average rate of tobacco product usage. This report describes two initiatives to address both problems, using community nurses to lead and implement community projects and one-on-one counseling and education programs. Alleviating
The panels could also be assembled quickly often within a day. Some panels have an in-built wiring in them making the housing construction to be faster. The panelized off-site building technologies could also involve exterior wall of building designed to provide the load bearing structural support, and the panelized building system could be made of light gauge steel, timber, structural insulated panels (SIPs), non-structural or concrete, which could be
Federal Reserve Board The First District (Boston) economy shows few signs of improvement. Retailers cite disappointing December (2002) results, although some gained in January and February (2003). Most manufacturing contacts report weak demand for goods. Commercial real estate markets in New England remain very slow - no one wants to buy. Most software and information technology providers report that demand is declining. The outlook for Boston is highly uncertain and virtually
Provide sustained technical assistance (Expert Panel Meeting: Health Information Technology: Meeting Summary, 2003) Evaluation of the process in rural and small communities includes: (1) scope of the project; (2) goals; (3) critical success factors; and (4) technical assistance." (Expert Panel Meeting: Health Information Technology: Meeting Summary, 2003) Community grants have been focused on the provision of 'personal digital assistant (PDA) systems in assisting with the decision support role. The initiative is
Factors that affect an organization's capacity and willingness to change need to be examined and exploited. Organizational culture, which is a set of shared values and assumptions that are followed by the members of an organization, plays an important role in affecting the attitude of an organization to change. If an organizational history has been unwelcome to change in the past, it is highly unlikely that an organization will be
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now