Briefly Explain How It May Be Possible for Two Judges

question 13

Essay

Briefly explain how it may be possible for two judges faced with similar factual situations and similar case law to reach different decision in law.

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Definitions:

Separating Operations

The process of dividing a company's activities into distinct tasks or functions for efficiency or strategic purposes.

Custody of Assets

The responsibility of safeguarding a company's physical and digital assets to prevent loss, theft, or unauthorized access.

Control Procedure

A set of standardized practices and procedures implemented by a business to ensure accuracy and integrity in its financial and operational activities.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 that aims to protect investors by making corporate disclosures more reliable and accurate through the establishment of new or enhanced standards for all U.S. public company boards, management, and public accounting firms.