The collapse of hih insurance could have been avoided if arthur anderson would have done their duty and responsibility in an effective manner.
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Stylish september 2001 the independent royal charge commenced investigations into the collapse of hih.
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Hans Christian Andersen conducted the outside audits for hih from 1971 until.
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What was the problem with the collapse of HIH?
The other major failing identified in the downfall of HIH was a failure to provide properly for future claims, and all other problems essentially stemmed from this issue.
Why did HIH fail to act on its stewardship?
Conversely, both the board and management of HIH failed to act on their stewardship. One of the main reasons that the board failed to fulfill its role as monitor is the culture of the boardroom.
Why did ASIC act on the HIH collapse?
ASIC acted on the belief that the core governance procedures and rules were fundamentally sound during HIH’s final months, but that ultimately the company’s board was able to find ways to achieve technical compliance while still engaging in the kind of activity that the regulations were designed to prevent.
Last Update: Oct 2021
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Ereline
23.10.2021 11:25
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