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Cash Converters

01 / 10 / 2021 Assignment

This paper circulates around the core theme of Cash Converters together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Cash Converters is the biggest payday lender in Australia which is also a public company listed on the Australian Stock Exchange. In November 2015, a class action was launched against Cash Converters for exploiting and trapping thousands of vulnerable low-income customers in a cycle of debt by charging extortionate interest rates up to 633% per annum and excessive fees on short-term loans. You are required to: (i) Provide an analysis of the issue faced by Cash Converters under the relevant ethical theories, and code of ethics for professional accountants. (ii) Explain how this unethical practice was portrayed in the annual report of Cash Converters, and how the company’s share price was affected? (iii) Discuss the social responsibility and sustainability of a financial institutions, in general and of Cash Converters, in particular.

International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

Company # 11483120

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