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Essay

The Collapse of HIH ? Solvency and Audit Risk

Essay specific features

 

Issue:

Business

 

Written by:

Justin M

 

Date added:

December 4, 2015

 

Level:

 

Grade:

B

 

No of pages / words:

6 / 1412

 

Was viewed:

7957 times

 

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Essay content:

An insurance company is solvent if it is able to fulfil its obligations under all contracts at any time (or at least under most circumstances). However, assessing solvency can be a challenge, as accurate estimates of the liabilities at the balance date may be difficult to determine. Analysis of company solvency can be made from two indications: financial indications and non-financial indications...
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However, assessing solvency can be a challenge, as accurate estimates of the liabilities at the balance date may be difficult to determine. Analysis of company solvency can be made from two indications: financial indications and non-financial indications. Financial indications are used to assess commercial insolvency ? the company being unable to pay all its debts as and when they become due...
displayed 300 characters

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