Enron’s accounting scandal and the demise of its audit firm, ‘Andersen’, Barton (2005) found that clients who were more attracted to investors’ attention moved from Andersen sooner to other Big 5 at that
the International Auditing and Assurance Standards Board (IAASB), the International Ethics Standards Board for Accountants (IESBA), and the Big-6 auditing firms regarding the issues and obstacles with
revenue for HR Solutions. HR Solution suffered a dip of 3.72mb or -11.6% due to the recognition of a one-off license fee for a big project in Q1 2018. Financial Solutions registered a marginal increase in
Q1 2018 for a big project. When excluding this one-off license fee, the non-recurring revenue grew around 6.00mb compared to Q2 2018. For Financial Solutions, we have improved our recurring revenue
supervision of personal loan business to include car title loan, to allow grassroots-level consumers improved access to loan at a reasonable cost and ensure fair conditions for them. Revise criteria to allow
previous forecast of 3.9 percent. Regarding monetary policy of central banks worldwide, the US Federal Reserve maintained its tightening stance by raising its policy rate and continuing to reduce its massive
and mortgage-backed securities will be allowed to roll off gradually without reinvestment, in order to reduce its massive balance sheet. Meanwhile, the Eurozone, Japan and several other Asian countries
terms of % to revenue improved from 7.5% in Q4 2021 to 5.9% in Q4 2022. Core operating profit (defined as Earnings before Interests and Taxes exclude interest income, gain (loss) on exchange rate and
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a v e a ls o improved the gross margin from 44.6% in Q1 2019 to 47.7%. Selling and Administration expense Selling and administration expense (“SG&A”) closed at 28.47mb (Q1 2019: 20.92mb), an increase