Kingston cotton mill co case of 1896

The main entrance on Cataraqui street used to be the only entrance.

Kingston cotton mill co case of 1896

The main entrance on Cataraqui street used to be the only entrance. The wooden floors are original, only polished. The large windows were to let in natural light which is essential for processing cotton and woolen fabrics.

The foot square chimney is used as a graduation determinate for the climbing gym in the basement. The mill endured the Great Depression and both World Wars, only experiencing inactivity for a total of under ten years in its year life.

This four-storey red brick building was constructed in when a group of Kingston businessmen needed a place in which they could produce cloth.

The mill thrived through and beyond the depression and the war. Three years later St. Francis Developments took over and the building began undergoing renovations to section the open-concept building into office spaces for multiple businesses.

The mill has over windows, 70 of which monopolize the North facade, which had the original singular entrance. The windows in the fifth floor of the rectangular tower were installed to replace two large double doors, which functioned as the only method of bringing large machinery and other materials into the plant.

The most demanding job to have in the mill was a "mender", responsible for quality control of the fabrics. The large windows were essential to production, allowing bountiful natural light in order to properly inspect the fibres.

The panoramic views from the top of the tower are breath-taking; of Kingston, of the causeway and the river, and the islands. During its first century, the building was maintained through a continual refurbishing program, allowing the ancient structure to survive and become the historic building it is today.

Ina single floor extension was added for the growing demands of cloth fabrics. The year-old wood floors have been well-preserved with many coats of oil applied over the century. During restoration, the brick has been only sandblasted and pointed, and no treatment was needed whatsoever on the impressive 12 and inch pine beams supporting the roof.

These were put in place to fend off the snow as the building was built upon British plans, the specifications for which were modified for our Canadian climate. The foundation, built from local limestone, for which Kingston is very well-known, averages a thickness of three feet wide.

The recovery of the foot high chimney was one of the most intricate projects of restoring the woolen mill, featuring challenging masonry and the complications of a post-tensioned structure. Statistics The Woolen Mill was originally built inmaking it years old.In the case In Re Kingston Cotton Mill (No 2) [] 2 Ch it was famously pointed out that, “an auditor is a watchdog not a bloodhound and should not approach his work with suspicion or a foregone conclusion that there is something wrong.” This should not suggest a lax approach to auditing because the courts have generally favoured a.

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Kingston cotton mill co case of 1896

Exposure Draft of update to Practice † Kingston Cotton Mills(). The legal framework of external auditing has changed significantly since the Kingston Cotton Mill case, but its judicial reasoning can be interpreted as an early articulation of the existence of the expectations gap.

Further reading: Re Kingston Cotton Mill Company (No. 2) () 2 Ch at , UK Court of Appeal. Auditor's dictionary. IN the famous case Re: Kingston Cotton Mills Co. (), Lord Justice Lopes defined an auditor's duty of care as follows: "It is the duty of an auditor to bring to bear on the work he has to perform that skill, care and caution which a reasonably careful, cautious auditor would use.

At the company’s year-end, its statement of financial position shows total assets of $ million of which $ million is attributed to inventories and works in progress.

This is the end of the preview. IN the famous case Re: Kingston Cotton Mills Co. (), Lord Justice Lopes defined an auditor's duty of care as follows: "It is the duty of an auditor to bring to bear on the work he has to perform that skill, care and caution which .

REASONABLE CARE AND SKILL — THE MODERN SCOPE OF THE AUDITOR’S DUTY – GAA Accounting