Term paper: Constitutional protection against external costs in Canada

| May 24, 2014

Term paper: Constitutional protection against external costs in Canada

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The case presents a strong rebuttal of a general tendency of blaming the accountants for every evil in the society. The case specifically refers to Mr. Stephen Schwartzman, co-founder of US private equity called Blackstone Group. Schwartzman has been extremely critical of the introduction of fair value accounting measurement and blames it to be the “culprit” to cause some US banks to collapse and thus triggering the 2008 Global Financial Crisis (GFC). It raises some critical issues and heated debates. Read the above case, examine the arguments and counter-arguments
Strategic analysis of a real-life organization: Harvey Norman Holdings Ltd

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