Audit partners live dangerously: corporate collapses can bring ruin to all the partners of the auditing firm involved

Article Abstract:

The repercussions of corporate collapses can be very serious for the partners of the professional firm that advised or audited the collapsed business. Partners have joint and several liability, which means that they can all be bankrupted by the negligent work of one partner.

Laws, regulations and rules, Accounting firms, Accounting services, Partnership, Partnerships

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On Track: Partners out, chief executive in

Article Abstract:

Issues concerning the reorganisation of Williams Hatchman and Kean are presented, with reference to the appointment of a chief executive, Michael Manak, and the dispensation of owner management.

Management, Appointments, resignations and dismissals, Manek, Michael, Williams Hatchman and Kean

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More power to the people

Article Abstract:

The future of the Australian gas and electricity industries after privatization in 2001 is discussed, with focus on the need for new suppliers to create good relations with potential customers.

Marketing, Gas industry, Electricity

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