Accounting for risk: The advent of capped conveyancing title insurance

Title insurance companies originating from America, have, in the past 15 years become part of the Australian conveyancing landscape. However for most residential freehold owners, their activities would be a mystery. A purchaser does not routinely obtain title insurance, with the companies presently focussing on servicing the mortgagee sector. While the lack of penetration in the residential purchaser market may be attributed to the consumer’s lack of knowledge, evidence from Ontario and New Zealand illustrates that title insurance is likely to become an additional cost in the conveyancing process in Australia. In this article we highlight the reasons why, and demonstrate how title insurers have, by working with the legal profession been able to subtly move the risk of responsibility for compensation for loss, (at least in the first instance) from the state to the insurer, but with the added benefit for the state and the conveyancing agents that the cost of the insurance is ultimately borne by the consumer. In New Zealand this development is being accelerated by the introduction of capped conveyancing title insurance. Whether title insurance will become part of the conveyancing process is no longer the relevant question for Australia, (it undoubtedly will), but the unknown issue is just how title insurance companies will work with conveyancing agents to infiltrate the market, and what response this infiltration will have in terms of the state’s view as to their continued role in the provision of assurance. We suggest that developments from New Zealand in relation to capped conveyancing insurance are likely to be replicated in Australia in the near future, and that the state’s role in providing an assurance fund will continue, though the state may seek to expand the areas in which the right to compensation is restricted.

Directors and officers insurance – Recent critical issues in Australia and New Zealand

Directors and Officers Liability Insurance (“D&O insurance”) has grown and evolved rapidly over the past 80 years to assume an important position in most corporations’ corporate governance and risk management strategies. This article focuses upon certain topical matters of particular concern to directors and officers including the availability of defence costs where a D&O policy is subject to a statutory charge; the commercial desirability of stand-alone “A-side” coverage, being the cover provided directly to directors and officers for loss resulting from claims made against them for wrongful acts; the impact of fraud and/or dishonesty upon D&O cover; and disclosure of the nature and extent of D&O cover to the directors and officers themselves and to third parties – in the latter case such access frequently being necessary to determine the economic viability of pursuing a proposed action against a company and its directors and officers.

Graphical simulation of Petri Nets

An interactive graphics package for modeling with Petri Nets has been implemented. It uses the VT-11 graphics terminal supported on the PDP-11/35 computer to draw, execute, analyze, edit and redraw a Petri Net. Each of the above mentioned tasks can be performed by selecting appropriate items from a menu displayed on the screen. Petri Nets with a reasonably large number of nodes can be created and analyzed using this package. The number of nodes supported may be increased by making simple changes in the program. Being interactive, the program seeks information from the user after displaying appropriate messages on the terminal. After completing the Petri Net, it may be executed step by step and the changes in the number of tokens may be observed on the screen, at each place. Some properties of Petri Nets like safety, boundedness, conservation and redundancy can be checked using this package. This package can be used very effectively for modeling asynchronous (concurrent) systems with Petri Nets and simulating the model by “graphical execution.”

Fraudsters change tactics as a crackdown cuts some losses due to online scams

The amount of financial loss from online fraud suffered by people in Western Australia has almost halved, dropping from A$16.8 million in 2014 to A$9.8 million for 2015, according to a statement this January from the state’s Attorney General and Minister for Commerce, Michael Mischin. In addition, the minister noted that losses from relationship and dating fraud have fallen by 55%, to A$4.9 million lost last year. These are both impressive claims, and at face value, there is truth to the statistics. Both assertions are based on data received by WA’s Scamnet, which is the public interface between consumer protection and citizens. While it is good to see a reduction in the number of losses overall, particularly to relationship and dating fraud, it is highly unlikely that the statistics tell the full story.

Project Energise: Using participatory approaches and real time computer prompts to reduce occupational sitting and increase work time physical activity in office workers

Objectives This efficacy study assessed the added impact real time computer prompts had on a participatory approach to reduce occupational sedentary exposure and increase physical activity. Design Quasi-experimental. Methods 57 Australian office workers (mean [SD]; age = 47 [11] years; BMI = 28 [5] kg/m2; 46 men) generated a menu of 20 occupational ‘sit less and move more’ strategies through participatory workshops, and were then tasked with implementing strategies for five months (July–November 2014). During implementation, a sub-sample of workers (n = 24) used a chair sensor/software package (Sitting Pad) that gave real time prompts to interrupt desk sitting. Baseline and intervention sedentary behaviour and physical activity (GENEActiv accelerometer; mean work time percentages), and minutes spent sitting at desks (Sitting Pad; mean total time and longest bout) were compared between non-prompt and prompt workers using a two-way ANOVA. Results Workers spent close to three quarters of their work time sedentary, mostly sitting at desks (mean [SD]; total desk sitting time = 371 [71] min/day; longest bout spent desk sitting = 104 [43] min/day). Intervention effects were four times greater in workers who used real time computer prompts (8% decrease in work time sedentary behaviour and increase in light intensity physical activity; p < 0.01). Respective mean differences between baseline and intervention total time spent sitting at desks, and the longest bout spent desk sitting, were 23 and 32 min/day lower in prompt than in non-prompt workers (p < 0.01). Conclusions In this sample of office workers, real time computer prompts facilitated the impact of a participatory approach on reductions in occupational sedentary exposure, and increases in physical activity.

Reengaging, reenacting and reenvisaging discourses of disaster through public space performance: Austerity, art, and the art of protest

This paper offers a mediation on disaster, recovery, resilience, and restoration of balance, in both a material and a metaphorical sense, when ‘disaster’ befalls not the body politic of the nation but the body personal. In the past few decades, of course, artists, activists and scholars have deliberately tried to avoid describing personal, physical and phenomenological experiences of the disabled body in terms of difficulty and disaster. This has been part of a political move, from a medical model, in which disability, disease and illness are positioned as personal catastrophes, to a social model, in which disability is positioned as a social construct that comes from systems, institutions and infrastructure designed to exclude different bodies. It is a move that is responsible for a certain discomfort people with disabilities, and artists with disabilities, today feel towards performances that deploy disability as a metaphor for disaster, from Hijikata, to Theatre Hora. In the past five years, though, this particular discourse has begun rising again, particularly as people with disabilities fact their own anything but natural disasters as a result of the austerity measures now widespread across the US, UK, Europe and elsewhere. Measures that threaten people’s ability to live, and take part in social and institutional life, in any meaningful way. Measures that, as artist Katherine Araniello notes, also bring additional difficulty, danger, and potential for disaster as they ripple outwards across the tides of familial ties, threatening family, friends, and careers who become bound up in the struggle to do more with less. In this paper, I consider how people with disabilities use performance, particularly public space interventionalist performance, to reengage, renact and reenvisage the discourse of national, economic, environmental or other forms of disaster, the need for austerity, the need to avoid providing people with support for desires and interests as well as basic daily needs, particularly when fraud and corruption is so right, and other such ideas that have become an all too unpleasant reality for many people. Performances, for instance, like Liz Crow’s Bedding Out, where she invited people into her bed – for people with disabilities a symbolic space, which necessarily becomes more a public living room restaurant, office and so forth than a private space when poor mobility means they spend much time it in – to talk about their lives, their difficulties, and dealing with austerity. Or, for instance, like the Bolshy Divas, who mimic public and political policy, reports and advertising paranoia to undermine their discourses about austerity. I examine the effects, politics and ethics of such interventions, including examination of the comparative effect of highly bodied interventions (like Crow’s) and highly disembodied interventions (like the Bolshy Diva’s) in discourses of difficulty, disaster and austerity on a range of target spectator communities.

Diffraction and Total Cross-Section at the Tevatron and the LHC

At the Tevatron, the total p_bar-p cross-section has been measured by CDF at 546 GeV and 1.8 TeV, and by E710/E811 at 1.8 TeV. The two results at 1.8 TeV disagree by 2.6 standard deviations, introducing big uncertainties into extrapolations to higher energies. At the LHC, the TOTEM collaboration is preparing to resolve the ambiguity by measuring the total p-p cross-section with a precision of about 1 %. Like at the Tevatron experiments, the luminosity-independent method based on the Optical Theorem will be used. The Tevatron experiments have also performed a vast range of studies about soft and hard diffractive events, partly with antiproton tagging by Roman Pots, partly with rapidity gap tagging. At the LHC, the combined CMS/TOTEM experiments will carry out their diffractive programme with an unprecedented rapidity coverage and Roman Pot spectrometers on both sides of the interaction point. The physics menu comprises detailed studies of soft diffractive differential cross-sections, diffractive structure functions, rapidity gap survival and exclusive central production by Double Pomeron Exchange.

Adaptive Filtering Technique and DSP Based Implementation for High-Speed Distance Protection

The paper presents an adaptive Fourier filtering technique and a relaying scheme based on a combination of a digital band-pass filter along with a three-sample algorithm, for applications in high-speed numerical distance protection. To enhance the performance of above-mentioned technique, a high-speed fault detector has been used. MATLAB based simulation studies show that the adaptive Fourier filtering technique provides fast tripping for near faults and security for farther faults. The digital relaying scheme based on a combination of digital band-pass filter along with three-sample data window algorithm also provides accurate and high-speed detection of faults. The paper also proposes a high performance 16-bit fixed point DSP (Texas Instruments TMS320LF2407A) processor based hardware scheme suitable for implementation of the above techniques. To evaluate the performance of the proposed relaying scheme under steady state and transient conditions, PC based menu driven relay test procedures are developed using National Instruments LabVIEW software. The test signals are generated in real time using LabVIEW compatible analog output modules. The results obtained from the simulation studies as well as hardware implementations are also presented.

Discurso y praxis contra el fraude : consideraciones sobre la política reformista de Roberto M. Ortiz (1938-1940)

Resumen: El objetivo de este trabajo es analizar la estrategia política del presidente Roberto M. Ortiz durante el período en actividad (1938-1940) para combatir el fraude electoral y normalizar las prácticas electorales e institucionalidad democrática de la Argentina de fines de los años treinta. Se presume que el presidente orientó su proyecto político de una manera aperturista y de diálogo sincero con la Unión Cívica Radical (UCR). Para ello promovió dos estrategias claras: lograr el apoyo de los sectores liberales del Ejército, e intervenir las provincias con prácticas fraudulentas. Su política contra el fraude provocó una situación inédita de erosión de la coalición de partidos oficialistas, base de sustentación del Poder Ejecutivo. Sin apoyo partidario, Ortiz quedó aislado y en clara confrontación con el Senado, dominado por grupos conservadores.

Evaluación del rendimiento pesquero potencial de la República Argentina: I. Datos 1

A limnological and fish survey program was developed on 110 lakes and reservoirs of Argentina during the summers of 1984 to 1987. Here we exclude lakes without fish. Lakes and reservoirs were visited once each, except for six situated in Chubut Province that were studied seasonally over the course of two years. Here we present raw data used to evaluate the potential fish yield of Argentinian lakes and reservoirs. (Document contains 56 pages.)

El fraude empresarial: perspectiva internacional

Este trabajo analiza el fraude empresarial desde una perspectiva internacional. En los últimos años, ha estado muy presente en casos como el de Enron, WorldCom, Royal Ahold o PARMALAT, en los que se ven afectados la propia empresa, los trabajadores, el gobierno y, especialmente, los inversores, con pérdidas que pueden alcanzar millones de dólares. El fraude también afecta a la imagen de las empresas y en la motivación de los trabajadores, y además a menudo es causa de denuncias y penas de prisión. En función del tamaño de la empresa y del sector, la frecuencia con la que se cometen los actos fraudulentos y las pérdidas causadas varían. Asimismo, estos fraudes afectan a todas las regiones del mundo, aunque de manera desigual. Pero es en aquellas regiones más desarrolladas donde se le presta más atención al tema, y donde se han tomado numerosas medidas para intentar impedir estos actos ilícitos. Algunas de las más importantes son las propuestas por las Naciones Unidas: El Pacto Mundial y la Convención contra la Corrupción. También cabe destacar la Oficina Europea de Lucha Contra el Fraude, a nivel europeo, o la Foreign Corrupt Practices Act y la Ley Sarbanes-Oxley, en Estados Unidos. A pesar de estas medidas, en los últimos años el nivel de fraude ha aumentado.

Fraudes corporativas: um estudo de casos múltiplos à luz da teoria dos escândalos corporativos

O presente estudo é uma investigação empírica de natureza qualitativa e tem por objetivo comparar as características das fraudes praticadas por meio de manipulação nas demonstrações contábeis das empresas Daslu, Kmart e Avestruz Master. Buscou-se verificar diferenças entre fraudes no Brasil e nos Estados Unidos, no que se refere às motivações e finalidades da ação fraudulenta, aos métodos de manipulação contábil utilizados e à governança corporativa adotada pelas empresas. O trabalho foi desenvolvido seguindo a metodologia do estudo de casos múltiplos, utilizando-se um protocolo, que contemplou os procedimentos e as regras gerais obedecidas na pesquisa, com a função de incrementar a confiabilidade do estudo e orientar o trabalho do pesquisador. A seleção dos casos estudados foi feita com base em pesquisas anteriores, que mencionaram fraudes praticadas no Brasil e nos Estados Unidos, na última década. Os resultados indicam que as fraudes apresentaram diferenças na natureza e na autoria dos atos fraudulentos, com evidências da aplicação das teorias do triângulo da fraude (TTF) e dos escândalos corporativos (TEC). Considerando que as corporações brasileiras estudadas possuíam sistema de governança corporativa concentrado, similar ao de empresas europeias, as diferenças observadas nas fraudes investigadas podem ser explicadas pela teoria dos escândalos corporativos, defendida por Coffee Jr. (2005).

Manipulación contable: aspectos éticos y legales

IDIOMA: ESPAÑOL Mediante el siguiente trabajo se presenta una visión general del fraude empresarial y en particular de la práctica de manipulación contable. Se analiza la evolución del fraude y la influencia de la crisis económico-financiera sobre el mismo y los tipos de fraude. Una vez introducido el tema, el trabajo se centrará en la manipulación contable y las técnicas más habituales. El presente trabajo es un informe sobre la manipulación contable y sus aspectos éticos y legales. Se procederá al análisis de las motivaciones que llevan a los empresarios a realizar este tipo de delito económico. Posteriormente se analizará la difusión del mismo y la relación de la ética con los comportamientos fraudulentos. Finalmente se plantearán medidas a adoptar para acabar con la manipulación contable.

Plan de marketing. Menú 2.0

El trabajo que se presenta a continuación es un plan de marketing para la empresa Gastronomía Vasca, concretamente, para el desarrollo de uno de sus servicios, Menú 2.0, el cual se creó en 2012 y para el que se pretende establecer el camino de crecimiento para el periodo 2015/2016. Para la determinación del modo en el que desarrollar este crecimiento, en primer lugar, se va a analizar la situación en la que se encuentra actualmente tanto a nivel interno como respecto del entorno. Esto nos permitirá detectar las fortalezas y las debilidades que presenta la empresa, así como las amenazas y las oportunidades que le ofrece el entorno, y a partir de las cuales se definirán los objetivos que deben establecerse para Menú 2.0. Por último, tras la definición de los objetivos, se establecerán las estrategias y las acciones que se han de realizar para el cumplimiento de éstos. Además, se establecerán métodos de control para que la empresa pueda medir durante el desarrollo del plan, el cumplimiento de los objetivos planteados.

Testando o Triângulo de Cressey no contexto da convergência às Normas Internacionais de Contabilidade: um estudo empírico sobre comportamento ético dos profissionais de contabilidade

Com o processo de convergência às normas internacionais, a partir de 2008, a contabilidade brasileira passou por profundas transformações, principalmente, no campo normativo no que diz respeito às práticas contábeis. Os profissionais do segmento contábil, frequentemente, se deparam com dilemas éticos que para serem solucionados exigem a observância dos princípios éticos que regem a categoria. Este estudo teve como objetivo verificar como o profissional de contabilidade se posiciona, em relação aos dilemas morais, envolvendo atos ilícitos em sua atividade profissional no ambiente de convergência aos padrões internacionais de Contabilidade, tendo como objetivo específico identificar a influência dos componentes do triângulo de fraudes no processo decisório do profissional de Contabilidade, avaliar as características do indivíduo que influenciam o posicionamento ético dos profissionais de Contabilidade em relação às fraudes e investigar a flexibilidade sobre a intenção de agir na escolha de práticas contábeis oriunda da convergência aos padrões internacionais de Contabilidade e suas influências no posicionamento ético dos profissionais de contabilidade em relação às fraudes. Foram enviados questionários aos profissionais de contabilidade contendo a escala de likert de 5 pontos, distribuídas em 4 cenários propostos. As 247 respostas recebidas foram compiladas e tratadas através de análises descritivas e estatísticas com o uso da regressão logística multivariada. Os resultados demonstram duas das três variáveis relacionadas aos componentes presentes no triângulo das fraudes (racionalização, oportunidade e pressão) influenciaram o processo decisório ético do profissional em 2 dos quatro cenários, a variável gênero relacionada às características individuais apresentou influência em um dos cenários, e por fim, a investigação a respeito da flexibilidade sobre a intenção de agir na escolha das práticas contábeis não apresentou influencia em nenhum dos cenários. Esse resultado sugere que os profissionais de contabilidade podem se aproveitar de um momento de troca da empresa de auditoria para efetuar ajustes que beneficiarão o resultado da Companhia (Oportunidade). Tenta-se justificar este procedimento pelo fato de ser uma prática comum no mercado, tentando transformar algo antiético em algo aceitável (Racionalização).