Consumer is any individual or organization that has paid money for a good or a service. As a result, he / she is entitled to certain rights and certain minimum standards expected of the supplier of goods or services. There is much hue and cry across the world to protect the consumer interest.
There are standards set by the Government for any and every product that is manufactured within as well as those imported from abroad. For example, toys made in China flooding the U.S. markets made headlines. This is due to non-compliance with U.S. standards.
At the federal level, the application is made by the Department of Justice and Federal Trade Commission. Some federal laws include:
- Collection Practices Act Fair Debt,
- Fair Credit Reporting Act,
- Truth in Lending Act,
- Fair Credit Billing Act, and
- Gramm-Leach-Bliley.
In addition to efforts at the federal level, each state has a department devoted to consumption. Include the name of California for its strict laws to protect consumers. There are several forums and lobby groups play an important role in providing advice and lobbying of local governments.
Massachusetts Consumer Law is influenced also by federal regulations and local pressure groups. In case you have been a victim of injury product liability and your consumer rights have been violated, please contact Shapiro Haber & Urmy LLP and get lawyer service.
Nancy on June 27th 2011 in Consumer Law
Many people really don’t know what that is about forensic accounting. Forensics Accounting is actually the practice of exploiting accounting, auditing and exploratory skills to accomplish examinations in the pecuniary statements of a company in legal matters.
Forensic accountants use their knowledge in accounting and finance and commercial law and corporate law in their every day routine. They are also well equipped with all the business information up to date, government legislation, the financial reporting systems, accounting standards and auditing, and litigation processes and procedures when they perform their task.
A certified forensic accountant play an important role in helping the government and the general public to notice the accounting scandals and monetary crimes due to individuals, businesses and organized crime networks. Not like accountants and auditors, forensic accountants conduct audits when they are aggressively seeking fraud sign and they use their skills to conclude whether a business or a financial transaction is illegal.
Forensic accountants are part of the extension of the legal team and they are responsible for the preparation and review of financial evidence. Their responsibilities are:
• study and analyze financial evidence, especially in composite or possible criminal pecuniary transactions
• Develop computer applications to analyze, compare and interpret facts and financial figures
• Transform their findings in reports to those associated with their financial decision-making
• Assist in legal proceedings, including preparation of supporting documents and act as expert witnesses at trials
Nancy on June 27th 2011 in Forensic accouantant