Friday, February 21, 2020

Drug Dealing and Money Laundering Forensic Accountant Admissibility Essay - 8

Drug Dealing and Money Laundering Forensic Accountant Admissibility - Essay Example The case R v Ferguson; R v Sadler, R v Cox of the three police officers Cox, Sadler, and Ferguson is one such case. Being in the drug squad, have made it easy for these officers to illegally sell drugs through street dealers who they have caught on the pretext that they were carrying out strategic investigations. In reality, the squad members were benefitting from the drug dealers through cash income, and the only way to justify their benefits was to check on their accounts. This was why the expertise of a forensic accountant, Curtin was necessary. Although evidence of assumed expert opinions is not admissible in a court of law, in this case, the Court made an exception to accountant Curtins opinions based on the logic that if a person's financial statements were to be produced in court then an expert in the area must be produced to analyze it. However, the expert, the forensic accountant, should merely explain the evidence (which the jury could have interpreted themselves had they the training to do so) but should not influence the jury of its contents. This was why the accountant's evidence became admissible. The court of appeal also allowed the evidence admissible if Curtin explained the process of arriving at the conclusions. Curtin has used standard accountants methodology as set by the Statement of Forensic Accounting Standards - APS 11. This Standard provides clear guidelines to its members how to seek and utilize financial data and present it incomprehensible manner. Two of the important requirements is that the accountant can only make assumptions about the past or future events or amounts in the absence of the amount. His assumptions should be reasonable under circumstances, and they were suitably qualified and disclosed.

Wednesday, February 5, 2020

Globalization and Illustrates in India and Nicaragua Research Paper

Globalization and Illustrates in India and Nicaragua - Research Paper Example After a rigorous analysis here we have an example of a county being negatively affected by the effects of globalization. Resultantly, the individuals i.e. the Youth in Nicaragua is now determined to put in play new and autonomous forms of outfit in an attempt to trigger massive positive change in their very own localities. To determine all this, a wide variety of sources, including geographic data, ethnographic data and all other sources of economic data have been used. The reasons why globalization made one country to prosper and the other to deteriorate both socially and economically have been well analyzed and integrated into the conclusion. Since the partition from Pakistan and Freedom from Colonial rulers, Indian Economy has been striving really hard to stabilize itself. The partition from Pakistan also affected the economy negatively as all the economic assets like; printing presses, manufacturing units, fertile agricultural lands, and the irrigation system. This division affected the economy adversely and it took almost two decades to recover from the after math of that economic and political shock. British traders still have a strong influence on the Indian economy as in the late nineties the industrial development stagnated and the market had to be saved for the foreign traders. Analysts support that the efforts to free the country’s economy from state interventions contributed a lot to the stable growth that came on the face in the 1980s. As a known fact, the open economy and a free-market economy has lesser governmental interventions. Thus, bringing in more creativity by waiving off more and more restrictions to let people trade in the way they want to. In India, the economically active class of the society had strived to their wits to free the market from unnecessary governmental interventions. However, that period was also marked with heavy foreign borrowing.