Question
Based on the information of 1997 - Delgamuukw Case answer three questions. 1. Explain the effects on the Balance Sheet and Income Statement
Based on the information of "1997 - Delgamuukw Case" answer three questions.
1. Explain the effects on the Balance Sheet and Income Statement of the decision property rights change and the routine audit undertaken by CPA/External Auditors. (hint: analyze from assets, liability, equity for B/S; analyze I/S from revenue, expense, net income/retained earnings etc.)
2. Explain the effects on control of resources for reporting issuers when property right change and changes to Those Charged With Governance corporate governance responsibilities.
3. Explain the effect on risk to rates of return for users (investors, creditors etc) that can affect a reporting entity's access to desired capital.
"Aboriginal Rights existed before Canada became a country, and that those rights exist both on- and off-reserve. It also confirms that the federal government must protect the interests of the Aboriginal peoples (the Crown has a fiduciary duty to act in the best interests of Aboriginal peoples. Gitksan or Wet'suwet'en hereditary chiefs, both individually and on behalf of their "Houses", claimed separate portions of 58,000 square kilometres in British Columbia. For the purpose of the claim, this area was divided into 133 individual territories, claimed by the 71 Houses (began 1984). UnderDelgamuukw, consultation, compensation and, possibly consent, are required for all lands which comprise the traditional territory and title lands of the Indigenous Peoples."
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started