Public Utility Labor Problems. Strikes "Affected with a Public Interest"

1949 ◽  
Vol 97 (3) ◽  
pp. 410
Author(s):  
O. S. B.
Author(s):  
Irina V. Panina

Introduction. Currently, the procedure for providing audit services to public interest entities is being reformed. The main goal of these reforms is to provide more effective protection of legally protected values associated with the activities of such economic entities. The changes also apply to the content of audit reports on their financial statements. The process of revising the relevant regulatory document is still ongoing. Not all of the revised provisions are consistent with each other and the International Standards on Auditing. This will complicate their practical application by auditors and affect the informational value and public utility of audit reports. In addition, since 2017, when the modern format for audit reports was adopted, its application has revealed shortcomings in terms of its content and terminology. This explains the need to develop proposals to eliminate these “sticking points” when regulating the content of the auditor's report. Purpose. The development of recommendations to harmonise the provisions of laws and regulations governing the content of audit reports and federal state control (supervision) of the activities of audit organisations providing services to public interest entities with the International Auditing Standards in order to increase the information value of audit reports. Methods. The research results were obtained using analysis, synthesis, analogy, historical and logical approaches, classification, etc. Results. It was proposed to introduce changes to the text of the Federal Law “On Auditing Activities” of 30.12.2008 No. 307-FZ in order to eliminate contradictions in its provisions regarding the content of audit reports, to ensure their consistency with the International Standards on Auditing and laws and regulations in the field of controlling the activities of audit organisations that provide audit services to public interest entities. The content of the requirements of the International Standards on Auditing regarding the content of audit reports was clarified as well as their official translation into Russian to make the documents more informative and easy to use. Conclusions. The proposed clarifications can be taken into account when making changes to the texts of the Federal Law “On Auditing Activities”, the original version of the International Standards on Auditing and its official translation. They can also be further discussed by specialists.


2019 ◽  
Vol 20 (3) ◽  
pp. 207-217 ◽  
Author(s):  
Kenneth William Costello

To some observers, public utility regulation has expanded its domain far beyond its original mandate and what is socially optimal. Their view is that regulators should stick to setting just and reasonable rates and taking other actions that improve the long-term welfare of utility consumers. After all the raison d’etre for public utility regulation is to protect consumers from “monopoly” utilities. Utilities provide essential services to both individuals and society. When left unregulated, these services would presumably be excessively priced with no guarantee of availability for those who want it and willing to pay for it. Diverting from this focus—driven by escalating politics—risks regulators’ ability to achieve their core objective of protecting consumers. One positive aspect of politicization is that it allows regulators to have access to more diversified information from stakeholders that could result in better decisions. One criticism of regulation is that it tends to stay with its policies and practices too long in spite of changing market and technological conditions. Additional stakeholders in the regulatory process could push regulators toward changes that are in the public interest but would not pursue on their own.


2005 ◽  
Vol 7 (1) ◽  
pp. 12-33 ◽  
Author(s):  
Mark Stallworthy

This paper explores the relevance in English law of human rights to environmental claims arising in the contested fields of public interest, policy and resource. The author argues that the balancing of individual rights against assertions of community interest should not now be regarded as solely within the purview of politician, administrator, or supply company. Whilst the administration's arguments will still generally prevail, the potential for rights infringements opens the possibility of countering public utility arguments. He also draws attention to the fact that where liability rules fail properly to address external costs, solution might require creation of a direct statutory remedy. He observes that greater progress could produce solutions analogous to a radical argument in tort law that liability should attach to ‘inadvertent losses’ of a statutory benefit unless the state could show that these were justified under the statutory framework. He, finally, considers whether human rights arguments also open up the opportunity for greater transparency throughout the system.


Prawo ◽  
2017 ◽  
Vol 323 ◽  
pp. 299-310
Author(s):  
Jarosław Odachowski

Municipal economy — economic self-dependence of territorial local government and question of the public interestThe article is devoted to the problem of economic activity of territorial local government municipal economy. Important question is related to the idea called “municipal economy”. It means realiza­tion of “own tasks” by territorial local government. It is also necessary to indicate that in a sphere of economic activity of territorial local government there are two legal dimensions. First of these is an activity connected with the “public utility”. This question means that territorial local government has to supply general needs of all people who live in aparticular part of Poland. Second is linked with activity, which aim is to gain financial profits. The author also especially draws attention to the problem of process of public tasks privatisation. This phenomenon often appears nowadays. It con­sists of atransfer of public tasks from state or territorial local government to private organizations. Another way of mentioned privatisation is only connected with achange of method of realization public tasks but not akind of organization. In that situation state or territorial local government resigns from the public mode of making foregoing tasks and does it in aprivate way, which is relat­ed especially with payments. It is necessary to indicate influence of the public interest on a sphere of economic self-dependence of territorial local government in following dimensions: legal forms of undertaking of economic activity by territorial local government, continuity of economic activity of territorial local government, legal possibility of undertaking economic activity by territorial local government in mentioned above two legal dimensions and — last but not least — the transfer of public tasks from territorial local government to private organizations.


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