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Assignment Reasons for Liquidation

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Added on  2020-03-23

Assignment Reasons for Liquidation

   Added on 2020-03-23

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REASONS FOR LIQUIDATION OF ABC LEARNING, HIH INSURANCE AND ONE TEL PHONE COMPANY
Assignment Reasons for Liquidation_1
EXECUTIVE SUMMARYThe reason behind presenting this report is to identify reasons leading to failure of companiesin current time. In this particular report, we are discussing three companies in Australia whichare ABC Learning Centre, HIH Insurance and One. Tel Phone Company. We further discuss reasons that led to company’s collapse. The report particularly takes into consideration ethics and governance as the major causes that were responsible for liquidation of all three companies. We also discuss growing liabilities and non-disclosure of the same was also key reason for company’s failure. The report also provides an insight of the unethical issues followed by the higher management and the auditors. Also, we discuss poor corporate governance model adopted by the company that led to misstatement of financial reports. Thereby, affecting company’s projected shareholders considerably that further led to their collapse in all three cases.2
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Table of ContentsABC LEARNING CENTRE.........................................................................................................................4 INTRODUCTION..........................................................................................................................4 REASONS FOR ITS FAILURE................................................................................................................... 4HIH INVESTMENT...................................................................................................................................5 INTRODUCTION..........................................................................................................................5 REASONS FOR ITS FAILURE....................................................................................................................5ONE. TEL PHONE COMPANY..................................................................................................................6 INTRODUCTION..........................................................................................................................6 REASONS FOR ITS FAILURE....................................................................................................................6CONCLUSION.......................................................................................................................................................7REFERENCES.........................................................................................................................................................83
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