The Past Five Years Auditing - 1199 Words

Independence Over the past five years auditing VHL I have developed close friendships with some board members who are responsible for maintaining internal controls and financial operations in the organization. As a CGA I am bound by CEPROC, which states that I must remain independent in appearance and fact in order to provide an unbiased objective opinion. I feel these relationships, and the length of time I have audited VHL, could lead to a familiarity threat that would inhibit my ability to apply professional skepticism and jeopardize the audit. Due to the level of influence the board has over the organization and the finances it is unlikely that acceptable safeguards could be applied, therefore I must decline to continue any further with this audit, and request someone else assume my role. Segregation of Duties In a not-for-profit organization, such as VHL, with limited financial resources there is a higher risk that segregation of duties will be compromised as employees often hold multiple roles and responsibilities, as is the case with the accounting functions at VHL. With only one accountant responsible for deposits, custody, disbursement of funds, maintaining financial records and preparing financial reports it raises the risk for potential material misstatement due to error or fraud. This could erode the trust and confidence the stakeholders have in VHL and their stewardship of contributed resources, possibly impacting future donations. This must be taken intoShow MoreRelatedCase1.1 Enron Corp843 Words   |  4 Pagesparties are most responsible for the â€Å"crisis of confidence† on the part of the public in the accounting profession as following. †¢ The parties who create these auditing standard rules, such as SEC, Auditing Standard Board. They should publish the Sarbanes-Oxley Act earlier. They should be considered the non-auditing services for auditing clients is a serious issue earlier. †¢ The auditors of the Andersen firm. They didn’t do their responsibility and didn’t follow professional standard ruleRead MoreAuditor’s Responsibilities in Fraud and Error Detection1159 Words   |  5 PagesAuditor’s Responsibilities in Fraud and Error Detection Auditing October 17, 2011 Auditor’s Responsibilities in Fraud and Error Detection In recent years, scandals such as Enron and WorldCom have not only brought up the question â€Å"Where were the auditors?,† but have also brought to our nation’s attention that auditing of public companies must be done with more precision and must have guidelines on the proper way to account for different items. Fraud, illegal acts, and errors happen every dayRead MoreENRON Case Study1572 Words   |  7 Pagesuse these fraudulent statements for 15 years. It is the auditor’s responsibility to question any unusual circumstances and reports and they failed to do so. They should have questioned the SPEs, should have noticed that notes receivable were reported wrong, and should have noticed that there was no internal control being practiced. Also, Anderson should never have practiced consulting services for a company that they audited. 2. Identify and lists five recommendations that have been made recentlyRead MoreFeb 10 Hamilton Case1628 Words   |  7 Pagesconfirmation, overconfidence, and anchoring. In this memo I will explain each of the four tendencies, talk about which tendency I believe to have manifested in the Hamilton case, clarify issues relating to auditing the warranty reserve and describe the alternatives that should be considered in auditing the warranty reserve, and finally provide factors that should be considered in reaching a final conclusion. The Availability Tendency The availability tendency is when decision makers only consider informationRead Morecase 1 Essay758 Words   |  4 Pagesto their audit clients in recent years. For each item, indicate the specific threats, if any, that the provision of the given service can pose for an audit firm’s independence. In the recent years, auditing firms provides the following consulting services to their clients: a. Internal auditing b. Design of accounting systems c. Various types of Information Technology (IT) services 2. Briefly describe the key requirements included in the professional auditing standards regarding the preparationRead MoreCase Study : Phar Mor s Assets787 Words   |  4 Pageslater claim prevented them from detecting the fraud. Notably, a highly material settlement with Tamco, a related party, over inventory shortages was largely ignored. The auditors should have performed a review for related-party transactions at year-end that may have uncovered some of the transactions. Inadequate disclosure of related-party transactions is one of the most serious of financial statement frauds. It is also one of the most difficult to detect. Phar-Mor easily skirted the annualRead More Sarbanes Oxley Act of 2004 Essay1713 Words   |  7 Pagessections. Title I is Public Company Accounting Oversight Board. It created a five member panel known as the Public Company Accounting Oversight Board, overseen and appointed by the Securities and Exchange Commission (Sarbanes-Oxley). The Board is to consist of two CPAs and three people that are not CPAs, but the chairman must be a CPA. The Board is to provide oversight of auditing of public companies while establishing auditing, quality control, independence, ethical standards (Arens 32-33). Public accountingRead MoreFraud Cases: Violations of Generally Accepted Accounting Principles (Gaap)1112 Words   |  5 PagesAccounting Oversight Board (PCAOB) made it clear that detecting fraud must be the focus of the audit process. Consider that in the board’s first internal control standard (Auditing Standard No. 2), fraud was mentioned 76 times. The PCAOB has continued its emphasis on detecting fraud in its revised internal control standard, Auditing Standard No. 5. As their fundamental responsibility, financial statement auditors must determine whether economic transaction activity has been accounted for by the auditRead MoreFraud Cases: Violations of Generally Accepted Accounting Principles (Gaap)1097 Words   |  5 PagesAccounting Oversight Board (PCAOB) made it clear that detecting fraud must be the focus of the audit process. Consider that in the boardà ¢Ã¢â€š ¬Ã¢â€ž ¢s first internal control standard (Auditing Standard No. 2), fraud was mentioned 76 times. The PCAOB has continued its emphasis on detecting fraud in its revised internal control standard, Auditing Standard No. 5. As their fundamental responsibility, financial statement auditors must determine whether economic transaction activity has been accounted for by the auditRead MoreThe Sarbanes Oxley Act ( Sox ) Essay1233 Words   |  5 PagesAccording to Pompper (2014), â€Å"incidents of hig h-profile deception over the past† four decades â€Å"have threatened the reputation of the †¦ accounting function† (p. 131). For instance, an investigation was conducted into the financial audit and reporting process after the savings and loan banking crisis in the 1980s (Pompper, 2014). In addition, the criminal convictions of executives and bankruptcies of Fortune 500 companies such as Enron and WorldCom in the turn of the century motivated Congress to

Cuánto tardan los papeles para esposo de ciudadano

Hamlet By William Shakespeare An Insight Into Human...

Hamlet is one of the key plays that gives the audience an insight into human character. Shakespeare chooses to focus on the influence of people’s emotions on their actions, rather than their rationality. In the play, the melancholic prince, Hamlet, chooses to revenge on his uncle for having murdered his father in order to assume the throne and marry Prince Hamlet’s mother. Although the plot is simplistic, it shows how Hamlet undergoes considerable emotionality before exacting his supposed revenge. Traditionally, Hamlet is characterized by audiences as a hero because of the sympathy that his situation attracts. However, a deeper analysis reveals Hamlet as a selfish and immature person whose death is necessary in order to bring direction to existence. To begin with, Hamlet faces significant difficulties that ignite to question life and seek to understand death as well as human character. When he learns of the ghost’s message, he is surprised at the selfishness and materialism that can overwhelm a person. One thing that the audience instantly notices about Hamlet is the idea that he chooses to make people focus on external things other than himself. In this sense, it becomes difficult to learn of his inverted immaturity. Unlike other characters who interact at the human level, Hamlet is indifferent to the existence of other things apart from his intellect. Such indifference shows when Hamlet meets Horatio. Even though Horatio is a hearty person, Hamlet confronts him with hisShow MoreRelatedThe Plays of William Shakespeare681 Words   |  3 PagesShakespeare’s Plays William Shakespeare, a British playwright and poet, is born in 1564. The exact day is not known. Shakespeare is baptized on April 25, so they say his birthday is April 23, 1564 (Boyce, Shakespeare). As an infant, he survives the plague that kills tons of people living near him. He is the son of John and Mary Arden Shakespeare. â€Å"His father is a prosperous and prominent tradesman, bailiff, and alderman, who suffered a decline in fortune and prestige† (Burt, Shakespeare). His father ranRead MoreWilliam Shakespeare s Hamlet 1077 Words   |  5 PagesPsychology is a combination of studies regarding human behavior and mental characteristics observed within all individuals. Author’s such as William Shakespeare have 4dictated their works in a way that allows for them to integrate common occurrences of new psychological findings into a text, giving them an opportunity to sculpt characters that differentiate themselves from one another. Psychoanalytical Criticism is the a pplication of psychological studies incorporated into the findings of contemporaryRead MoreHuman Nature in a Shakespearean Play1446 Words   |  6 Pagesguess—that we will always learn more about human life and personality from novels than from scientific psychology† – Noam Chomsky The audience in a play is the most important aspect because of each individual’s interpretation and point of view. While an author or playwright may have certain themes or things to be reflected in the play, that may not always happen and several plays often have several meanings or theme. A play written by William Shakespeare has stood the test of time and sparked manyRead MoreFactors Contributing to Shakespeares Hamlet Being a Great Play1203 Words   |  5 PagesShakespeares Hamlet Being a Great Play William Shakespeares Hamlet, through the heroism and nobility of its hero, his superior power of insight into, and reflection upon, his situation, and his capacity to suffer the moral anguish which moral responsibility brings, is considered one of the greatest pieces of literature ever written. Throughout the play, Hamlet, through both soliloquies and actions, displays these characteristics, which make Hamlet suchRead MoreHamlet And The Basic Human Need For Truth1478 Words   |  6 PagesHamlet and the Basic Human Need for Truth Marcus Aurelius is quoted as saying, â€Å"Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth.† This idea is examined in William Shakespeare’s Hamlet, a play full of warmly delivered lies and completely intentional deceit. Hamlet himself shows how a life full of lies and deceit breeds a desire for something real. In the beginning of the play, authenticity is introduced as a rare trait and the Ghost reveals treacheryRead MoreEssay on Perception of Women in William Shakespeares Hamlet1309 Words   |  6 PagesWomen in William Shakespeares Hamlet In Hamlet, Shakespeare carefully represents Getrude and Ophelia. Individually, Gertrude is essentially seen as weak and immoral whilst Ophelia is seen as meek and a victim of society. Collectively, they are seen to fulfil a conventional 16th century role, and it is as our beliefs and views of women change that we are able to perceive the characters in a different angle. At the beginning of the play, we get a very biased insight intoRead MorePerfect Idealism In Shakespeares Hamlet1631 Words   |  7 PagesIntroduction The play Hamlet is a fable of how the ghost of a slain king comes to haunt the living with disastrous consequences. A rancorous ghost and a brother s murder, lead the gloomy setting of Hamlet s Denmark. Hamlet story opens with an encounter between young Hamlet, his dad s ghost as well as the prince of Denmark. The ghost reveals to Hamlet that its murderer was his brother Claudius, who then rapidly wedded his widowed queen, Gertrude. As a result, the ghost presses Hamlet to seek vengeanceRead MoreHamlet1304 Words   |  6 Pagest With underlying themes of revenge, incest, and suicide, William Shakespeare’s Hamlet was remembered by many Elizabethan Era viewers as both a philosophical and oft-debated masterpiece (Dickson). These controversial themes attracted viewers everywhere, enticing them to see the play. One scene in particular from the original text of the play where this proves true is act IV, scene iv, lines 31-65, in which the titular character Hamlet decides that the time for revenge is at hand in an insightfulRead MoreEssay on The Character of Hamlet in William Shakespeares Play1618 Words   |  7 PagesThe Character of Hamlet in William Shakespeares Play Some critics have stated that the appeal of Hamlet to the audience is his many human weaknesses, the most notable being his indecision. His deliberations and procrastinations are particularly high-lighted when he is faced with the task of revenge. The law and Christianity, around the early seventeenth century, were clear in condemning personal revenge as an attempt by man to arrogate the prerogatives of God. Hamlet’sRead MoreThe Characterization Of Hamlet By William Shakespeare1009 Words   |  5 PagesHamlet’s (1601) theatrical power propagates from its timeless rendering of the human condition. William Shakespeare illustrates a sympathetic protagonist caught between the tensions of Renaissance and traditional ethics, who suffers due to the fundamental ignorance of individuals to the truth by the facade of deceit and theatricality. Correspondingly, director and critic Nicholas Hytner summarises, â€Å"†¦at the center of the play is a man desperately concerned with the nature of truth and desperately

Work and Organization Employee Engagement

Question: Discuss about theWork and Organizationfor Employee Engagement. Answer: Change in Workforce and its Impact on Employee Engagement: Workforce can be defined as the labor force or the pool of people that are available or already engaged in some of the work in the country. There are various factors that can contribute in farming the workforce composition (Macey, Schneider, Barbera and Young, 2011). The age, demographics, sex etc. are some of them that have greater impact on the workforce and its characteristics. The labor force or the supply and demand of labor in the market is also driving force that changes the workforce composition of any of the country. As far as Australia is considered, there are many changes that have been observed in the workforce composition of the country since years. Some of the occupations that were existed in 1990 are not present today and thus the workforce does not engage in such jobs in recent times. The three main shifts in the ages, demographics and the gender made modifications in the workforce composition in Australia (Chao L. E., 2014) The shift that has been observed in the wor kforce composition is modern in nature. Rate of unemployment in Australia is decreasing day by day; this is because more and more of the Australian population is getting engaged in the jobs. The changes in the unemployment rate of Australia also affect the changes in the labor market. The people who are not engaged in work earlier are also working these days. The most important change that have been observed in the workforce composition in Australia as well as in world are related to engagement of females in most of the jobs and rise in employment to population ratio. This suggests that more and more women are focusing on leaving their houses and doing some kind of corporate jobs in Australia and in world as well as the number of employed people is also increasing with respect to the population of the country (James, McKechnie and Swanberg, 2011). It is not only the changes in the demography that is affecting the workforce but the external environment changes are also affecting the workforce in the organization these days. Earlier the workforce that works in the organization was stable in nature. The employees used to be loyal with the organization and stick to the one they work with. In recent years, the concept of full time roles of the employees has been lost (Stone, 2013). People work on contract basis or part time basis. The advancement in technology allows the employees to work from home and thus creates flexibility for the employees to work. The changing workforce affects many factors in the organization such as its motivational policies, employee engagement policies, leadership and organizational structure etc. The changes that occur in the workforce composition affect the engagement of the employees in the organization. Employment life of the employees has different stages and at these different stages they have differed perception and level of involvement towards their work (Cummings and Worley, 2014). At younger age of the working life, the employees have less attachment towards their job the organization and thus they never try to engage in the activities of the organization. On other end, organization also does not involve the new employees who are not found to be responsible enough in the decision-making process. This is because they will never make any relevant argument and thus waste the time and resources of the organization. However, analyzing the change in the workforce is the sign that organization need to make more efforts towards employee engagement (Bridges and Bridges, 2017). This is because; it is the era of Job hopping. The employees are hunting for new jobs now and then t hat can provide them exposure to new technology and environment. Today, employees do not believe in staying in a company for so long thus it require the organization to create an environment that forces the employees to stick to their organizations only. This develops the need of more employee engagement strategies in the organization. Some of the strategies that have been required to be implemented in order to engage the employees are growth opportunities, involvement of employees indecision making processes, providing the employees with the culture of learning in the organization so that the employees can learn more and more thing in the same organization without switching their jobs (Ng, Lyons and Schweitzer, 2012). Developing team work in the organization is also a strategy that helps in engaging the employees. This is because collaborative approach of working provides an environment of learning and developing skills at personal and professional level. This development for the young employees is very important so that they can improve their communication skills along with their technical skills (Espinoza and Ukleja, 2016). To summarize, it can said that there are various changes that has been occurred in the workforce from inception to present. Changes such as involvement of female workers, changing in the needs of the employees, generation of part time job concept etc. have been observed in the recent years workforce composition. As the employees work at contractual basis, so they have the opportunity to move to the other organization very easily and most of the times the present organization fails to retain the talent with them as other organization or the competitors try to acquire the talented employees (Podsiadlowski, Grschke, Kogler, Springer and Van Der Zee, 2013). These changes should be analyzed by the management of the organizations and thus they have to make efforts in implementing the strategy that can help in engaging more and more employees to the organization for long time. Employee engagement is more necessary for todays workforce because they are not that much loyal to the organization and always ready to switch their jobs in greed of higher package and more exposure (Vance and Paik, 2015). The mangers need to create that learning environment and growth opportunities in the firm so that the employees can remain in the same organization for long. References: Bridges, W. and Bridges, S., 2017.Managing transitions: Making the most of change. Da Capo Press. Chao L. E.,2014. 21st Century Workforce: Change, Challenge Opportunity, Notre Dame Journal of Law, Ethics Public Policy, vol. 20(2), pp.785-790. Cummings, T.G. and Worley, C.G., 2014.Organization development and change. Cengage learning. Espinoza, C. and Ukleja, M., 2016.Managing the Millennials: Discover the core competencies for managing today's workforce. John Wiley Sons. James, J.B., McKechnie, S. and Swanberg, J., 2011. Predicting employee engagement in an age?diverse retail workforce.Journal of Organizational Behavior,32(2), pp.173-196. Macey, W.H., Schneider, B., Barbera, K.M. and Young, S.A., 2011.Employee engagement: Tools for analysis, practice, and competitive advantage(Vol. 31). John Wiley Sons. Ng, E., Lyons, S.T. and Schweitzer, L. eds., 2012.Managing the new workforce: International perspectives on the millennial generation. Edward Elgar Publishing. Podsiadlowski, A., Grschke, D., Kogler, M., Springer, C. and Van Der Zee, K., 2013. Managing a culturally diverse workforce: Diversity perspectives in organizations.International Journal of Intercultural Relations,37(2), pp.159-175. Stone, R.J., 2013.Managing human resources. John Wiley and Sons. Vance, C.M. and Paik, Y., 2015.Managing a global workforce. Routledge.