The Role of External Auditors in Accounting Essay

The Role of External Auditors in Accounting - Essay Example To prevent moral hazards associated with the auditors’ liability, the British Serious Fraud Office has imposed heavy penalities for swindlers and white collar criminals to shut down or suspend a suspicious business. On the other hand, auditors who are found guilty of professional negligence may end up facing a monetary loss or penalty through punitive fines and/or the confiscation of their license to practice auditing in the United Kingdom. As stated by Michael Power of London School of Economics, â€Å"it may not be reasonable to expect that auditors would be challenging business models directly and raising strategic issues with finance directors, that is not their job and if we want it to be their job then things would have to change quite substantially. The direction of my comment is that we might be expecting too much from this black box [External Audit] in terms of what it actually delivers†. ... Based on the individual roles and responsibilities of shareholders, internal and external auditors, the board of directors, and the CEO, this report will explain the limits in the role and responsibilities of external auditors when it comes to detecting and controlling fraud activities in business. Role and Responsibilities of External Auditors External auditors are professionals who are hired to conduct audit based on the rules or laws on creating financial statements for the government, a private company, or a legal organization (The Institute of Internal Auditors, 2011). According to Kwok (2005, pp. 151 – 161), accounting irregularities can be made for the purpose of tax evasion or theft by creating ghost employees, skimming of the proceeds, or theft of an asset. Specifically in the United Kingdom, the Chartered Accountants or the Certified General Accountants are the group of individuals who are qualified to conduct external auditing. According to Poorter (2008), auditors within the United Kingdom has to perform a special duty of care to a liable third party. It means that the external auditors are made responsible in making fair, just and reasonable treatment to the company’s external shareholders. In case external auditors have a binding contract between the company and the shareholders of the said company, it is a general rule for the external auditor(s) to fulfil his/her statutory duty as an auditor to shareholders collectively or as a group. As a standard operating procedure, external auditors are expected to evaluate the financial statement of another organization on a yearly basis (Hicks and Goo, 2008, p. 261). Upon going through the financial statement of a government, a private company, or a legal organization, external auditors are expected

Use of Lexical Choices and How They Would Affect the Discursive Power Essay

Use of Lexical Choices and How They Would Affect the Discursive Power of Media - Essay Example People seek to reach their aims and goals by using power. In defining power attention must be paid to the fact that it is not something you can simply possess. It is rather a relationship between people. Power is always related to situations. Using power means having the power to persuade and impress through verbal communication. Pekonen (1991, 46) states that modern politics can be explained as a symbolic power struggle: the winner is a party whose language, words, terms and symbolic expressions are dominant once reality and the context have been defined. (Chilton, P. & Ilyin M. p 4) Presidential speeches are very important to society. According to Denton and Hahn (1986), the presidency is a rhetorical institution. Through speeches, a president leads his country and seeks to persuade the nation and society. Presidential power is the power to persuade. The rhetorical style of a presidential speech can directly affect the political speaker's aims and success. Han (1998) believes that the significance of presidential rhetorical skills has increased over the last 50 years and in part because of the media. This conceals some problems: when the style is emphasized, content may have only a secondary role. The images may be stronger than the message, and credibility may be more important than information. In this study, attention is paid to the (d) Meanings Aristoteles le of presidential power and per-suasion especially from the rhetorical point of view. (Aristoteles) Kress (1990) has introduced theoretical criteria characterizing work in the CDA paradigm which distinguishes it from other politically engaged discourse analysis work. (a) Language is first and foremost a type of social practice. (b) Texts are the result of the actions of socially situated speakers and writers. (c) The relations of the participants in the production of texts are generally unequal. (d) Meanings are the result of the (inter)action of readers and hearers with texts and with the speaker/writers of texts. They are always subject to more or less closely enforced normative rules, and to the relations of power obtaining in this interaction. (e) Linguistic features at any level are the result of social processes. Linguistic features are never arbitrary conjuncts of form and meaning. (f) Linguistic features in their occurrence in texts are always characterized by opacity. (g) Users of language have a particular stance towards the set of codes which make up a language. (h) A system of language is highly problematic in CDA. (i) History has to be taken into account. (j) CDA must be based on rather precise analyses and descriptions of the materiality of language on a close linguistic description. (Kress, p 84) CDA begins from the assumption that systematic asymmetries of power and resources between participants - speakers and listeners, readers and writers - can be linked to their unequal access to linguistic and social resources. The important unit of analysis is the text. Texts are taken to be social uses of spoken and written language. Critical discourse analysis focuses on a genre as well as on sentences and word-level analysis. The study of subject positions may clarify traditional values, ideologies and representations. When analyzing the cultural assumptions expressed in a text, one way to do it is to study the lexical choices or grammatical representations of agency and action.     

Popular magazine Essay Example for Free

Popular magazine Essay The concept behind this method is concerned with signs and in particular three different component parts, signified, signifier and sign. To help in the explanation of these terms it will be useful to examine a recent advert taken from a popular magazine. One such advert within a current publication of OK magazine illustrates a woman smiling having used a certain brand of washing powder to clean clothes; the headline states Another load of your mind. (OK, 2002, p65) Within this particular advert the signifier would be the washing powder. The signified however would relate to the headline as another job done, whereas the sign would suggest that washing powder equals happy family with clean clothes, time to do other jobs around the house and its a mothers job to worry about dirty washing. However if this is the meaning then how was it arrived at because this particular advert does not state what is conveyed above. It may be that semiotics recognises that viewers interact with material presented, they do not just take it at face value, and they bring other meanings they may have encountered elsewhere in the social world. Indeed in support of this argument Kline tells us that for advertising to create meaning the observer has to do some work. (Kline, 1990, p202) Without denying this advert could have different signs for different individuals there may be a case here whereby advertisers are not reinforcing gender stereotypes, it is the reader bringing their own social background or life experience to the reading of the advertisement therefore reinforcing their own stereotypes. Williamson makes the point that although peopleinvent adverts these adverts do not claim to speak for them. (Williamson, 1978, p13) Therefore the interpretations individuals bring may be governed by codes and constraints within our social lives that may well affect the way adverts are constructed and presented Ideology is a code that is arguably influential on how adverts are put together and can change over time. For example if one looks at advertising of the 40s and 50s there was possibly many more obvious signs of hierarchy between the sexes. Indeed in many of the adverts used by Goffman in his gender advertisements publication, men were seen as breadwinners working outside of the home and women were seen as homemakers and carers with no indication of an occupation. Incidentally he defines ideology as a meaning made necessary by the conditions of society while helping to perpetuate those conditions. In other words leading people to believe certain values to gain agreement in an objective, in this case gender roles. (Goffman, 1979, p28-82) To reiterate this position Winship takes the argument a stage further and states that it is the ideology of patriarchy with its structures of domination that sets up inequality. (Winship, 1980, p17) so for Winship there is an influence of a ruling ideology that affects many facets of social life- beauty, sexuality and independence etc- that advertisers are bound to use because within that ruling ideology, society would expect or demand different roles from individuals therefore advertisers would reflect this. If however advertisers and individuals are constrained by a ruling ideology that again suggests that individuals have lost or never had the ability to think for themselves. Indeed akin to a hypodermic model whereby people are injected-metaphorically speaking- with information that does not get processed and comes out exactly as it went in. Gender stereotyping in advertising is therefore very subjective in that whatever way we measure and analyse the subject it must be stressed that we have the ability to disagree with any message that is conveyed by advertisers. Through the use of semiotics we can build up a picture of what is behind the images we are confronted with. By the same degree content analysis can give one the idea that the result is conclusive. However no method is perfect and in the same way it can be useful it can also be misleading as has been shown above. When one is also faced with the argument of ideology within advertising it is akin with all aspects of social life. It is true to say we follow rules and regulation in our every day social lives that may constrain some of our actions, in the same way that advertisers are constrained by bodies such as the BSC. However in the same way we are constrained, we are also protected by the same ideology, therefore we have some powers available to disagree with, contest and challenge messages or actions deemed unfair or stereotypical. As a result it is difficult to establish whether adverts reinforce gender stereotypes or if indeed we do that perfectly well for ourselves.

The Hidden Meaning of The Nuns Priests Tale Essay -- Nun’s Priest’s

The Hidden Meaning of The Nun's Priest's Tale  Ã‚     Ã‚   It has been suggested that a "Chaucer tale exploits the nature of its genre but also draws attention to the ideological biases and exclusions inherent in the genre"2. In my opinion The Nun's Priest's Tale is a wonderful example of Chaucer testing the bounds of his chosen genre - in this case the beast fable. What is a beast fable? Obviously a tale about animals, but one where "animals are used as embodiments or caricatures of human virtues, vices, prudences, and follies ... and the other typical qualities of mankind. They are generally brief cautionary anecdotes that use the obvious resemblances between man and animals to point a moral or push a proverb home entertainingly"3. Chaucer can be seen to exploit the nature of the beast fable fully in The Nun's Priest's Tale. It contains all of the traditional elements mentioned above: the central characters are the chickens Chauntecleer and Pertelote, and Russell the fox; the culpability, gullibility, guile and boastfulness of the characters are examined; the tale is brief, approximately 650 lines; and several morals are offered. The tale is also entertaining, but not only because of its caricatures of human traits. The tale contains numerous sub-genres such as the romance, rhetorical debate, and Christian misogyny, and it is the interplay of these sub-genres with the framing beast fable that creates much of the humour. In The Nun's Priest's Tale Chaucer shows up some of the worst excesses of these popular medieval traditions by putting them into context with his animal characters. The incongruity of a chicken taking part in a debate on the significance of dreams, for example, is inherently comic, but does not just... ...9), 251-270. This from p. 266. 8. F. Anne Payne, "Foreknowledge and Free Will: Three Theories in the Nun's Priest's Tale" The Chaucer Review 10 (1975), 201-219. This from p. 208 9. Ian Bishop, "The Nun's Priest's Tale and the Liberal Arts," Review of English Studies NS30 (1979), 257-267. This from p. 17. 10. Payne, p. 205. 11. Walter Scheps, "Chaucer's Anti-fable: Reductio ad absurdum in the Nun's Priest's Tale," Leeds Studies in English 4 (l970), 1-10. This from p. 7. 12. Bishop, p. 266. 13. Payne. p. 218. 14. Payne. p. 210. 15. Payne. p. 211. 16. 0wen, p. 267 17. Jill Mann, "The Speculum Stultorum and the Nun's Priest's Tale," The Chaucer Review 9 (1975), 262-282. This from p. 275. 18. Friedman. p. 253. 19. 0erlemans, p. 318. 20. Scheps. p. 8. 21. Payne, p. 214. 22. Mann, p. 277.      

Implement Person Centred Approaches In Health And Social Care Essay

1.1 Define Person – centred values? Person centred values means the people whom we support are able to be involved and included in every aspect of their care and support. For example: * Their needs, Assessments, Care delivery, and Support planning. So basically person centred approaches, policies and procedures and care practices should put the residents at the centre of the day-to-day activities. It should also include the residents and their families in the planning and maintaining of this. 1.2 Explain why it is important to work in a way that embeds person centred values? It is important to do this as person centred approaches, policies and procedures, as well as care practices should always put the people whom we support at the centre of the day-to-day activities, as well as including the residents and their families in the planning and maintaining of this. see more:explain why it is important to work in a way that embeds person centred values All person centred approaches for every person we support as care professionals, should have eight values, and these are: 1. INDIVIDUALITY – realising and understanding the uniqueness of every person I support. 2. RIGHTS – always endeavouring to make sure all the rights of those I support are upheld e.g. Human Rights Act. 3. CHOICE – endeavouring to maintain the service user’s rights to choice. As well as maintaining their choices and making sure these choices are upheld in their care plans. 4. PRIVACY – maintaining the service user’s rights to privacy. I would do this by making sure they are not intruded upon by other service users, staff, relatives and friends. 5. INDEPENDENCE – always making sure that as a care professional I empower the service users to achieve their maximum. 1.3 Explain why risk – taking can be part of a person centred approach? Taking risks means that you are able to choose and be in control of what you do . You need to ensure that concerns about taking risks is not stopping you living the way you want to. A risk assessment can always be carried out to see if it is possible for someone to do something that they  thought would not be possible. 1.4 Explain how using an Individual’s care plan contributes to working in a person centred way? Using an individual’s care plan will ensure that the person’s own needs and wishes are being met, rather than offering them a ‘choice’ of what is available. Using their care plan, you can build on what they want and see where there are gaps that need to be addressed. Outcome 3 Be able to work in a person – centred way? 3.1 Explain the importance of establishing consent when providing care or support? It is important to establish consent because it is a basic human right for everyone to have the choice. Much of the treatment or support the individual receives is either invasive or personal, so consent is essential as it protects providers against legal challenge. Asking for consent is also part of the codes of practice for social care. 3.3 Explain what steps to take if consent cannot be readily established? These steps should be taken by professionals as stated in five principles set on in the Mental Capacity Act 2005. A presumption of capacity The right for people to be supported to make their own decisions People must retain the right to make what might be seen as eccentric or unwise decisions Anything done on behalf of people who do not have capacity must be in their best interests Anything done for or on behalf of people without capacity should be the least restrictive of their basic rights and freedoms Outcome 4 Be able to encourage active participation? 4.1 Describe how active participation benefits an individual’s? Active participation is an approach that enables individuals to be included in their care and have a greater say in how they live their life in ways that matter to them. The benefits of active participation can be divided into primary benefits and secondary benefits. Primary benefits include: 1. Physical benefits including greater activity levels. 2. Increased independence and autonomy in what people do. 3. An opportunity for individuals in health and social care settings to have a say in matters of direct concern to their lives. 4. Increased opportunities for social contact and interpersonal relationships. 5. Encouraging involvement and self-awareness. Individuals become more involved in the community and more aware of opportunities and what they can hope for themselves. 6. Increased opportunities for learning and development of important skills, knowledge, education and employment. 7. Enhanced well-being, with increases in self-confidence, self-esteem and self-belief. The benefits of active participation include the above primary benefits where the individual gains from its application in the real world of health and social care practice, but there are also some secondary benefits. The secondary benefits can be described as benefits that occur as a result of active participation, but are not a direct aim of active participation. These include: 1. Decreasing the likelihood of abuse. As the individual engages positively by actively participating is area of their life, such as in personal care, the scope for abuse by others is reduced. 2. Decreasing vulnerability. As individuals gain in their self-confidence and self-esteem they are less prone to exploitation and harm from others 4.2 Identify possible barriers to active participation? Factors including the following can cause barriers to active participation. Chronic pain, sadness, insecurity, depression, loss of hearing, poor eye sight, memory loss and immobility. Outcome 5 Be able to support the individual’s right to make choices? 5.3 Explain why a worker’s personal views should not influence an individual’s choices? If residents have the ability to make good choices, then they should be allowed to do so within reason. For example, if a service worker thinks a resident would be better off watching television with other residents, and they aren’t interested in the programming, that’s a choice they should be allowed to make. If a service worker thinks it would  be good for a resident to go outdoors to get some fresh air, and the resident doesn’t want to, then their choice should be respected. Not everyone likes to watch TV and spend time outdoors Making choices for most of us is part of our everyday life. It is a fundamental part of us being recognised and respected as an individual. Such choices contribute to us having control over our lives and individuals with learning disabilities also have the right to participate in decisions which affect their lives. Our practice should recognise the right of service users to make their own choices. Alongside this, services also need to provide capacity to give their users options. Choosing to ‘take it or leave it’ is not a real choice. Choice for users is now rightly promoted as a quality standard when care organisations advertise their services and forms part of how they are judged. The vast majority of decisions – and perhaps virtually all choices – can ultimately be tackled by most adults with a learning disability if right information and options are made accessible to them in terms they can understand. These efforts can involve advocates and other measures to safeguard the choice or decision making and may, for some parties, require considerable time and expertise in communication. 5.4 Describe how to support an individual to question or challenge decisions concerning them that are made by others? You need to make sure that they have all of the information, and understand it, in order to make an informal decision. They have the right to make their own choices and decisions under the human rights act, as long as the decisions they make do not put them at risk of harm or injury and they have the mental capacity to make them. you could support them to question or challenge by speaking on their behalf but you would need to know exactly what their wishes are. and record it for them to sign. Outcome 6 Be able to promote individuals well – being 6.1 Explain how individual identity and self esteem are linked with well – being? It’s been shown that thoughts effect a person’s physiology and immune system. A person with a low self-esteem would probably have more negative thoughts about themselves and also behave in a way that might cause others  to reinforce this low opinion of themselves which will increase those negative feelings. Identity-a person with a strong sense of self who knows who there are, are less likely to find themselves in situations that they don’t want to tolerate, when they feel these might have a negative effect on themselves. Having said I’ve seen lots of people that consider themselves to have low self-esteem but they appear very bubbly and happy. 6.2 Describe attitudes and approaches that are likely to promote an individual’s well – being? Being caring – listen to what the individual has to say{feeling and choices, opinions ect} being understanding and supportive, – positive comments/feedback- Ask questions; get involved with what they have to say or what they are Ask questions; get involved with what they have to say or what they are interested in.- Calm approach, do not sound angry or negative, positive facial expressions- Ensuring the individual knows they have somebody they can trust- encouraging.

Racism And Poverty South Africa - 1640 Words

Since it’s foundation, South Africa has faced significant issues with racism and poverty. From the times of colonialism, to the era of apartheid, South Africans have been segregated in discriminatory contexts that have left a large proportion of the population living in desperate conditions. This segregation by race and socioeconomic status still exists today and is extremely prevalent in modern South African society. Townships that are prone to violence and extreme poverty surround every major city in this country. Within these townships, deeply embedded systems of violence have created slum-like areas that receive limited government funding or services. These outlying towns are deprived of the many of the most basic amenities, creating a vicious cycle of crime driven by desperation and hate, along with unsupportive family dynamics that enforce negative behavior and continued suffering. These trends are demonstrated through the Steenberg and Lavender Hill communities that are serviced by the Bethel Projects Women. This organization, led by Karen Maarman, is charged with the task of, â€Å"providing support and self-empowerment to the abused, unemployed, and disadvantaged members of the communities [they] serve.† (Bethel Projects Women, 2015) While this organization faces substantial challenges such as limited funding as a non-profit and no government assistance, issues with no simple solutions, Bethel Projects Women provides essential services to members of their community thatShow MoreRelatedEssay On Nelson Mandela1243 Words   |  5 Pageslives of South African. He was a man of great patience and generosity therefore, he was capable of ending the Apartheid period. Born on July 18, 1918, into a small tribe of Thembu. He was a civil rights leader, who fought against apartheid, or racial discrimination against blacks, in South Africa. 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Analyzing The Market Trends And Developments Essay

Interpret market trends and developments From: f_fongsaboo@hotmail.com To: ling@barklycollege.com Subject: Analysing the market report for Angel cream company Dear Ling, Please find the attachment for marketing analysis for Angle cream. And please give a feedback back to me as soon as possible. Kind regards, Nichapat Assessment Task 2: Project – Market analysis Introduction Founded in 2015, Angel cream is the newest range of natural skincare from Angel product, one of the biggest manufacturers in cosmetic industry. However we do not view our youth as a weakness, on the contrary, our youth is associated with our two most valued attributes: innovation and naturalness. Executive summary Angel cream will be the highest quality Australian natural skincare available, blending locally sourced plants with imported ingredients. 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