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Callmate Telips (A) - Choice of Accounting Policy

Muntazar Bashir Ahmed

商品編號:9B08N028
出版日期:2008/12/15
再版日期:2009/04/23
商品來源:
商品主題:Finance; International Business
商品類型:Case (Pub Mat)
涵蓋議題:Management Style;Auditing;Accounting Standards;Corporate Governance
難易度:5 - MBA/Postgraduate
內容長度:15 頁
地域:Pakistan
產業:Administrative; Support; Waste Management and Remediation Services
事件年度:2006

Callmate Telips Telecom Limited (Callmate) was in the telecommunications business, an industry in which the regulatory controls were gradually being undone by the government of Pakistan as part of an economic deregulation program. Callmate was the pioneer in the payphones and prepaid calling card industries in Pakistan. The events in the case demonstrate that the company strategy, as well as aggressive share price management, could be dangerous if there were no checks on the directors. All the directors of Callmate were close family members and the audit committee consisted of three of the directors. The external audit firm that audited Callmate was A.F. Ferguson & Co. (Ferguson), an affiliate of Price Waterhouse Coopers International. As Callmate was listed on the Karachi Stock Exchange, it was required to publish its financials quarterly after these had been reviewed by Ferguson. The company had received permission during early 1995 to enter into the long distance international market. A disagreement arose between the auditors and the company on the accounting policy related to revenue recognition. This dispute, along with the company trying to manage its share price, led to a number of problems that became public knowledge as the company tried to malign the auditors. The case examines corporate governance by examining the role of the external auditor, the conduct of the board of directors and the regulator of publicly listed companies.

教學手冊:Callmate Telips (A) - Choice of Accounting Policy - Teaching Note
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