. However, Return on Equity slightly declined from 14% to 13.7% due to lower debt and more reliance on internal operating fund. From the financial risk perspective, debt to equity ratio decreased from 0.5x to
’ equity as mentioned above. For the financial risk perspective, despite the higher debt ratio comparing to previous year, the ratio was nonetheless at relatively low level. Interest coverage ratio (EBITDA
addition, the significant improvement of return on equity was from the decrease of shareholders’ equity as mentioned above. For the financial risk perspective, despite the higher debt ratio comparing to
governance outcomes: 1. competitiveness and performance with long-term perspective; 2. ethical and responsible business; 3. good corporate citizenship; and 4. corporate resilience
the importance of past fundamentals in driving the MBEB phenomenon. 6/29/2015 32 Overriding Conclusions • From the perspective of fundamentals, it may be true that fundamentals, not growth per se
process Illustrates the steps related to understanding how IT affects the entity’s flows of transactions for significant accounts and disclosures 10 Understand how IT affects flow of transaction/identify
are aware of and understand the firm’s audit manual and perform audit work in accordance with firm’s audit manual? 3 Do the firm policies and procedures specify the forms and contents of working papers
, the Client should carefully study and understand each category of contract specifications, including, but not limited to, type of underlying assets and variables, contract size/unit/multiplier, last
also with its spirit. Engendering such a culture requires a whole- of-government effort to encourage firms to understand the business case for sound corporate governance. One participant pointed out that