Explain effects on control of resources for reporting issuer

Reference no: EM133683834

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). Under Delgamuukw, consultation, compensation and, possibly consent, are required for all lands which comprise the traditional territory and title lands of the Indigenous Peoples."

Reference no: EM133683834

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