Academic writing essay example
Topic For College Research Paper
Thursday, August 27, 2020
GGSB admissions board
GGSB confirmations board What might you like the GGSB confirmations board to think about your expert work and/or scholastic experience? I think one about the best characteristics which I groups is my devotion towards work. It is this quality which has helped me accomplish my fantasies and progress effectively in my vocation. I am an Engineering graduate worked in the field of Information Technology having high specialized and expository aptitudes. Aside from the normal investigations I demonstrated more noteworthy enthusiasm for understanding the use of innovation in reality. Persuaded by my instructors I gave papers imaginative thoughts which were exceptionally valued. One of the most exceptional works was the Simulation of Cellular Network which was introduced in different Institutions in the state and earned numerous honors. It is presently being utilized by my Institution in the classes to show fundamental working of cell systems for better understanding. The last year venture was the most testing work I experienced in my scholastic life. I had decided to apply my insight into IT in the field of Biotechnology. Being an abecedarian in this field I at first attempted to improve my comprehension of the application. Driving a group of three the duty of accomplishment of the venture gauged more on me. Together we went through the entire days and numerous restless evenings to draw out a working model of an idea which was just administrative work. This work was taken further and later introduced by my venture control in a worldwide meeting in Hong Kong. Not long after my graduation I ventured into the following stage in my profession joining as a fresher with LT Infotech. During the underlying days I had the chance to see what a genuine experts work is. Right away I turned into a piece of this world associating with customers all around the world and giving back end support. Obligations expanded with time and now I without any assistance bolster the back end arrangement of a worldwide detailing application. My most generous achievement has been the execution of an online framework in the backend for testing reason. The experience I increased through these numerous years made me manage the whole group in fact, additionally helping in connecting the their hole between usefulness of the framework and its specialized usage. Because of the limited capacity to focus time assigned for this venture I must be star dynamic, take lead in persuading individuals and finishing the undertaking. This testing instrument was imparted to the customers and was profoundly valued. For what reason would you say you are keen on our specific program, and how would you see it helping you to arrive at your future objectives? The world is loaded with circumstances, including a huge range of divisions, each having its own worldwide ramifications. Numerous ventures presently being driven by Technology, arrives at fantastic statures inside a limited capacity to focus time through its effective administration. The need of the day is to be in pace with the change and advancement of innovation. By this not exclusively would one be able to give answer for constant issues yet in addition present the best ones. Working with an IT firm has opened up a captivating universe of science and innovation to me. It has been in excess of a fantasy to comprehend the subtleties of this field and to grow my viewpoints. I need to get familiar with the business and take a gander at the business and its innovation from an a lot more extensive domain as opposed to from the individual segments for which I have been mindful. I would think of it as my expert accomplishment to be set high up in the company pecking order, and be associated with the dynamic and arranging of the association. I firmly feel that innovation and the board are different sides of the coin which as one structure the establishment of an association. In any case, the utilization of imaginative innovation and making it effective requires an inside and out comprehension of business and the dangers in question. These are a portion of the stray pieces that I require when I anticipate myself in a position settling on vital business choices. A legitimate amalgamation of innovation and the board assumes the key job here. While having a solid specialized foundation, I feel an administration degree will assist me with honing my aptitudes and give me a chance to exceed expectations in both the fields. This will likewise give me a window to new thoughts from alternate points of view. As I go higher up in my calling, I will have the obligation of building solid groups, settling on basic choices, speaking with particular clients from various foundations and planning with other colleagues to move in the direction of a shared objective. I am certain that my innovative, vital and systematic capacities will help me in turning into a capable administrator. For this, I anticipate graduate with a MBA degree from a top-class school so I can enter the corporate world completely furnished with every single various aptitude that will help me in confronting the unpredictable business condition. GGSB One of the progressive establishments with world-class framework, profoundly experienced staff and exploration base has been my first decision. The Management of Technology being one of the mainstays of Grenoble Ecole de Managements improvement and its global level acknowledgment bids to my expert advantages. I am anxious to connect with a various and energetic companion gathering. I feel that the realizing, which originates from a serious, dynamic and satisfying environment, will empower me to take up testing jobs in the field of the executives. I trust the astounding offices and introduction at GGSB will get me out in understanding my fantasies. What did you experience when you originally traveled to another country or visited an unexpected culture in comparison to your own? How could you beat the social contrasts? In the event that you have never been abroad, what might you say to an outsider moving to your nation of origin? India is where decent variety shifts from state to state. India is just 1/third the size of USA with multiple times the latters populace. In spite of the fact that there are 14 diverse significant dialects spoken across different states, India has one of the biggest English talking populace on the planet. India is the biggest majority rules system on the planet and it furiously secures the right to speak freely of discourse, press, legitimate rights, strict rights, minority rights and human rights. The human advancement in India is the longest enduring, which goes back to 3300 B.C. The way of life and development has been steadily formed after some time by numerous incredible scholars. In Indian deduction there are no absolutes, as in there is a cyclic request in all things and limited and boundless, dull and light, matter and vitality, starting and end, etc, exist together .There is an uncanny similitude between along these lines of reasoning and the discoveries of present day science. There is a checked contrast among India and nations in the West with regards to the feeling of protection. Individuals would drop in whenever without giving any notification at all and would be invited and served desserts or a dinner and even a challenge to remain for the time being in certain cases. Individuals in India naturally live inside their methods. Indeed, even the exceptionally poor will in general put something aside for difficult situations. Houses never use warming or cooling and are made blocks or earth. The idea that if an individual acquires $ 2 daily is hopeless isn't exactly obvious. Their buying power for lifes fundamentals or basic needs resemble $ 80, since a $ is what might be compared to Rs. 40. In this way, by far most of individuals in India seek after life, freedom and bliss and thus rather effectively.
Saturday, August 22, 2020
Promoting health literacy for children in a developing Country Assignment
Advancing wellbeing proficiency for kids in a creating Country in regards to gastro-enteritis by method of essential and auxiliary consideration - Assignment Example Gastroenteritis is one illness that influences newborn children, youngsters and grown-ups. The sickness is normal in both the created and creating nations. Eminently, because of the absence of fitting assets and apparatus, the creating nations may come up short on the skill and the innovation to recognize the malady. This paper centers around the lack of education found in this nation, it attempts to devise manners by which mindfulness can be advanced. This examination wanders into the field of medical problems and spotlights on the effects of wellbeing lack of education no matter how you look at it in the general public with some accentuation made on the impacts of Gastroenteritis in youngsters. Wellbeing education as per US Library Of Medicine (2010) is the capacity to peruse, comprehend and follow up on clinical rules. It includes the capacity of people in general to comprehend different illness manifestations, and decipher the remedies as taught by the wellbeing official. Gastroe nteritis is one the significant enemy of kids over 5 years, BMC Public Health (2007) gauges the mortality number of youngsters under the above age to be between 450,000 to 700,000 every year. Other 2 million children are hospitalized each year because of the sickness. The malady in earlier years ended the lives of a greater number of youngsters than the number cited previously. In the ongoing years the number has decreased extensively because of the presentation of immunizations. Outstandingly, Gastroenteritis is an infection of the gastrointestinal tract which aggravates the framework prompting indications of looseness of the bowels, regurgitating, squeezing and extreme stomach torments. The infection answerable for the illness is known as rotavirus in kids, norovirus and Campylobacter in grown-ups. The illness isn't probably going to be brought about by microscopic organisms or parasites. Strikingly, the ailment is increasingly present in the less evolved nations because of the lo w sterile norms. This incorporates polluted water since less created nations don't have the necessary assets to improve water course henceforth making the ailment progressively pervasive. Besides because of the absence of legitimate food sources and poor expectations for everyday comforts less created nations with per capita pay of not exactly a dollar, residents may eat ineffectively prepared food which thus results into Gastroenteritis. As indicated by MacDonald. et al (2012) the vast majority of the instances of Gastroenteritis are in youngsters in less created nations. This is an aftereffect of the shortage of wellbeing focuses where clinical consideration is constrained, According to GlaxoSmithKline (2012) takes note of that the contamination pace of the rotavirus gastroenteritis is comparable in both created and creating nations, the main distinction is the measures taken to improve the cleanliness, sanitation and expectations for everyday comforts. This takes part in diminish ing the reasons for the event of the illness. As cited before the speediest answer for checking the spread of the malady which as indicated by research can be spread from one individual to the next is through immunization. The created nations can without much of a stretch access inoculation medication since they have enough capital and better approaches to administer such foundations not at all like creating nations who battle with financial improvement as well as need more assets to provide food for the up and coming national issues. Therefore they are left helpless before worldwide association, for example, the red cross, Used and AUSaid which chip in their help when the circumstance has been exasperated and it is in the spotlight of the universal and territorial media stations. Kids influenced by the ailment require close consideration and love.
Friday, August 21, 2020
Blog Archive Beyond the MBA Classroom Getting Formal at Kellogg
Blog Archive Beyond the MBA Classroom Getting Formal at Kellogg When you select an MBA program, you are not just choosing your learning environment, but are also committing to becoming part of a community. Each Thursday, we offer a window into life âbeyond the MBA classroomâ at a top business school. Kellogg School of Management students certainly have no shortage of events on their social calendars. A series of student-run formal balls peppers the first-year calendar, starting with the CIM Ball (Complete Immersion in Managementâ"the two-week orientation just before the full-time curriculum begins) at the end of orientation and continuing with the Fall Ball, the Charity Ball and Casino Night (which is essentially another ball). When mbaMission interviewed students about their social calendar, many had trouble placing the names and themes of the balls, as they had been to all of them, and the different events had seemingly fused into a single memory. In short, once the school year begins, the average Kellogg student can expect to wear a tuxedo or ball gown more frequently than he or she is typically accustomed to. For in-depth descriptions of social and community activities at Kellogg and 15 other top MBA programs, check out the mbaMission Insiderâs Guides. Share ThisTweet Beyond the MBA Classroom Northwestern University (Kellogg)
Monday, May 25, 2020
The Religious Motivations of Christopher Marlowes Dr...
The Religious Motivations of Christopher Marlowes Dr Faustus Dr Faustus is a short play written by Christopher Marlowe. The play is a masterful insight into the paradoxical soul of mankind and its ironically self inflicted corruption. The play could be classified as a theological allegory. It can be assumed that the play specifically speaks to the religious motivations of the time, but can be adapted to the present as well. Marlowe portrays Faustusââ¬â¢ ambition as dangerous; it was the cause of his demise. Perhaps Marlowe used the theme of over-ambition as a warning to the audience, who would be likely to be wary of ambition - it was looked down on as a negative personality trait in Christian England (Calvinism) (Munteanu, Class notes).â⬠¦show more contentâ⬠¦Here we are told of the life of an ordinary man, born to modest people. This piece tells us that in the new age of the Renaissance, a common-born scholar like Faustus, is as important as any king or warrior, and his story is worthy of being told. Also state is that Dr Faustusâ â¬â¢s swelling pride will lead to his downfall. Here we are addressed with a precursor of what is about to happen and how it is to be facilitated, again by one mans desire to destroy himself in respect to Godliness. In act one, Marlowe portrays Faustus as being over-ambitious by his turning to magic, which is a much more sinister and much less conventional pursuit than others that he had been discussing previously. Faustus hopes that magic will make him omnipotent and god-like. Through out the next few acts we see Dr Faustus disregard the teachings against the seven deadly sins with his trickery and debauchery. The great doctor Faustus has the seven deadly sins entrenched in his life and they are displayed by his various actions during the play. The first deadly sin was that of pride. Dr Faustus saw himself as in comparison to others in a competitive nature. Pride and vanity are competitive. This was done in Act One when he sits there and tells the audience of his accomplishments and wishes for more glory. The second is covetousness, it is manifested in the play through various actions. Faustus demonstrates this in various scenes, when he evokes
Thursday, May 14, 2020
Bounty Land Warrants From 1775 to 1885
Bounty land warrants were grants of free land issued to veterans in return for military service from the time of theà ââ¬â¹Ã¢â¬â¹Revolutionary War through 1855 in the United States. They contained the surrendered warrant, a letter of assignment if the warrant was transferred to another individual, and other papers pertaining to the transaction. What Are Bounty Land Warrants in Detail Bounty land is a grant of free land from a government given to citizens as a reward for service to their country, generally for military-related service. Most bounty-land warrants in the United States were given to veterans or their survivors for wartime military service performed between 1775 and 3 March 1855. This includes veterans who served in the American Revolution, the War of 1812 and theà ââ¬â¹Mexican War. Bounty land warrants werent automatically issued to every veteran who served. The veteran first had to apply for a warrant and then, if the warrant was granted, he could use the warrant to apply for a land patent. The land patent is the document which granted him ownership of the land. Bounty land warrants could also be transferred or sold to other individuals.à They were also used as a way to provide evidence of military service, especially in cases where a veteran or his widow did not apply for a pension How They Were Awarded Revolutionary War bounty land warrants were first awarded through anà act of Congress on 16 September 1776. They were last awarded for military service in 1858, although the ability to claim bounty land previously earned extended until 1863. A few claims that were tied up in the courts caused lands to be granted as late as 1912. What You Can Learn From Bounty Land Warrants A bounty land warrant application for a veteran of the Revolutionary War, War of 1812 or the Mexican War will include the individuals rank, military unit and period of service. It will also generally provide his age and place of residence at the time of application. If the application was made by the surviving widow, it will usually include her age, place of residence, the date and place of marriage, and her maiden name. Accessing Bounty Land Warrants Federal bounty land warrants are kept at the National Archives in Washington D.C. and can be requested through the mail on NATF Form 85 (Military Pension/Bounty Land Warrant Applications) or ordered online.
Wednesday, May 6, 2020
Essay about Freedom - 917 Words
Freedom ââ¬Å"Freedom is never more than one generation from extinction.â⬠These are the words of Ronald Reagan, former President of the United States of America, speaking on the topic of freedom, a subject he frequently dealt with during his long presidency. Over the years, freedom in the U.S. has become an increasingly controversial topic, and the effectiveness of the government in affording these freedoms has been called into question. Through certain historical documents and events, the governmentââ¬â¢s effectiveness at ensuring freedoms for all can be confirmed. The occurrences of several major events in the history of America eventually gave all blacks equal rights and fostered a culture of change in American society. The Emancipationâ⬠¦show more contentâ⬠¦Additionally, approximately a century later, bigotry received its final, most important, blow when the Civil Rights Act of 1964 was passed. The act was one of the most important pieces of legislation in Ameri can history, outlawing discrimination of not only blacks, but women, in terms of voting, public education, and workplaces. The passing of this act was a catalyst for social reform, and racial and sexual acceptance. Although delayed and incredibly late, Lincoln and the United States government eventually granted and ensured all American citizens the same freedoms that still exist in the country today. A prime example of the freedom afforded to citizens can be seen through the exploits of the immensely controversial Westboro Baptist Church. The church, according to the Anti-Defamation League, is a ââ¬Å"small virulently homophobic, anti-Semitic hate group that regularly stages protests around the countryâ⬠(Extremism in America 1). According to Bill Mears with CNN, the church, which has long been a source of controversy, was recently sued for inflicting emotional distress upon a family as a result of protesting at the funeral of a dead marine. However, despite a powerful stateme nt by Chief Justice John Roberts in which he claimed that ââ¬Å"speech is powerfulâ⬠and that it can ââ¬Å"inflict great pain,â⬠he also said that ââ¬Å"we cannot react to that pain by punishing the speakerâ⬠(Mears 1).Show MoreRelatedFreedom Of Exercise And Freedom975 Words à |à 4 PagesFreedom of Exercise One of the key principles the United States of America was founded upon was the idea that religious freedom was an inalienable right. Many who sailed to new world were pilgrims who believed the land was a promised land, sacred. They also believed the new world would allow them to escape religious persecution. When the Constitution was developed in 1787, the First Amendment addressed the relationship between the government and religion stating, ââ¬Å"Congress shall make no law respectingRead MoreThe Bill Of Rights And Freedom Of Freedom1470 Words à |à 6 PagesThe freedom of religion and expression:the freedom of the press, the right to assemble to protest and petition the government. To me the First Amendment means that you have the right to freedom of expression and be allowed to express who you are without being judged. This amendment was added to The Bill of Rights and itââ¬â¢s for people to have freedoms in the U.S. This Amendment is important because if not there would ha ve been many angry people in the U.S because they wouldnââ¬â¢t have any freedom to doRead MoreFreedom Is The Highest Point Of Freedom1880 Words à |à 8 PagesFreedom has its different demographics and views it can perceived into in which I donââ¬â¢t think it can ever justify to a deserved definition. I think we certainly live in the theory and allusion of freedom but also compared to a vast amount of countries it is definitely looked upon as a free society. A country could never reach the highest point of freedom because that is something of the unordinary and we as a country are more close to freedom than any other country will be. Being able to expressRead MoreFreedom Of The Media And Freedom Of Speech1540 Words à |à 7 PagesBC when Socrates was forced to drink poison for his ââ¬Å"corruption of youthâ⬠(Mette), which can be seen as silencing one man for the betterment of everyone, but there is always an ample amount of opinions on such a controversial topic as Fr eedom of the press, or Freedom of Speech. Many nations today believe that very strict and regulated system of governing the media and entertainment is the best answer, such as China, where ââ¬Å"censorship was considered a legitimate instrument for regulating the moralRead MoreThe Bill Of Rights And Freedom Of Freedom1470 Words à |à 6 PagesThe freedom of religion and expression:the freedom of the press, the right to assemble to protest and petition the government. To me the First Amendment means that you have the right to freedom of expression and be allowed to express who you are without being judged. This amendment was added to The Bill of Rights and itââ¬â¢s for people to have freedoms in the U.S. This Amendment is important because if not there would have been many angry people in the U.S because they wouldnââ¬â¢t have any freedom to doRead MoreFreedom of Speech and Freedom of the Press in Nigeria972 Words à |à 4 Pagesconsists of 36 states and its Federal Capital, Abuja. Freedom of Speech in Nigeria has been talked about for many years. Campaigns have been put in place against the government to come up with new laws that protect the people, and the press, to express their opinions and what they believe in. According to Article 19 of the Universal Declaration of Human Rights 1948), ââ¬Å"Everyone has the right to freedom of opinion and expression: this right includes freedom to hold opinions without interference and to seekRead MoreThe Amendment Of The Bill Of Right : Freedom Of Religion And Freedom1460 Words à |à 6 Pages Civil liberties are individual freedoms which are protected from the government by the Bill of Rights. There were historical backgrounds to guarantee the freedom. Although they are ruled in the Constitution, it is not easy to protect the diversity and individual freedom in the society, and not all conflicts have been settled today. Yet, people are in a process to improve democratic society which is not a finished produ ct, and freedom in all its forms improves itself over time. I am going to explainRead MoreAcademic Freedom1508 Words à |à 7 PagesAcademic freedom in Kenya Freedom is a basic to education in modern democracies. Freedom in education can be categorized in the various aspects such as; Freedom of the child, academic freedom and freedom to read. Mcââ¬â¢Garry and Ward, (1966) puts it: A free society and a free world imply a free educational system and a freedom within the framework of maximum control. In such a closed society they maintained, freedom in education may consist of ability to say or do in consequential things. The legalRead MoreEssay on Freedom1303 Words à |à 6 PagesFreedom remains the sole basis for American society as we know it. Without freedom the great nation of America would have never been founded. To understand the true principles of freedom, one must understand the scope of the word. Philosophical freedom encompasses the ability to make choices without restraints, while political freedom is the state of being free rather than in physical confinement. Despite the importance of these ideas to our founding father s, freedom has lost much of its importanceRead MoreThe Freedom Of Speech703 Words à |à 3 Pagescountry. Part of living in the U.S.A. is having the freedom to protest and not being stripped of that right because someone doesnt think its the appropriate time. In 2016, football player, Colin Kaepernick, decided to stand up for his beliefs and not stand for the national anthem. At the beginning he only sat down and nobody noticed, but on his third try, he kneeled. Soon after that he was released from his contract for utilizing his freedom of speech. Before being released, Kaepernick spoke out
Tuesday, May 5, 2020
Audit and Non Audit Services
Question: Describe about audit and non audit services? Answer: Introduction Non-Audit Services (NAS) provided by an auditor has remained a long standing debate. The services other than audit that is provided by an audit firm to their audit client have always been a hotly debated auditor independence issue. It has been reported that providing NAS results in creating an economic bond between the audit firm and their audit client which can lead to impairment of the auditors independence, thus, leading to poor audit quality. Various research reports had in the past shown that NAS does not leads to lower audit quality and found no evidence that providing NAS by the audit firm to their audit client can result in lower financial reporting quality. But recent study and research reports have shown that NAS does results in lowering the audit quality by impairing the independence of the auditor. Auditor independence can suffer due to the fact that potential NAS revenue can lead to leniency by the auditor in conducting the audit, thus, impairing the independence of the auditor (Houghton et al., 2010). The topic has been in debate for many decades with arguments been made from allowing the auditor to provide NAS to calling for a ban on NAS provided by the auditor to their clients. With the businesses growing the demand for NAS has been growing substantially with many audit firms providing more NAS than Audit Services, thus, complete ban or removal of the NAS would have a very negative impact on the pricing and cost structures of both NAS and Audit Services for both Audit Firm and its Audit Client. As it is a very sensitive and hotly debated issue at a same time, many institutes around the world who govern the provisions of audit and issue audit frameworks and standards in their respective countries have issued various guidelines on this issue. But still many problems are cropping up as these guidelines dont seem enough (Abou-Seada, and Hussey, 1996). Audit Independence Independence means that the judgement of a person is not subordinate to wishes of another person. It requires that he should not act under the influence of some other person or body and his opinion is not biased. Thus, he can work in a completely unbiased manner. Thus, it is required for the auditor to be independent in his opinions and judgements so that the quality of financial reporting is high so as to bring out a true and fair view of the financial statements reported as on a particular date. If auditor maintains a high degree of independence, credibility of financial statements is enhanced (Keane, 2014). Independent audit report will be accepted and respected by all stakeholders of the business. Thus, independence of the auditor is the key to achieving satisfactory financial reporting. Advantages of independent audit for various stakeholders are as follows: For management They can control and judge reasons of losses and ensure the general reliability of accounting systems. For employee it discourages them from committing frauds as it acts as a moral check on them. They can also judge the reasonableness of payments w.r.t salary, bonus etc. For lenders Bankers can rely on the audited financial statements while assessing the creditworthiness of loan applicants. For computing taxes Audited financial statements help in determining income tax. Also helpful to compute excise duty, sales tax etc. For owners They get a real picture of profit and losses earned. The share in profits and share valuations can also be known. For investors The prospective investors use these statements to assess the dividend, growth possibilities to make decisions whether they should invest or not. For insurer In the case of losses or damages to property, it helps the insurer to settle the claims. For arbitration In the case of disputes, these audited financial statements help in settling claims (Hae-Young, 2014). Prohibited Relations Audit regulatory bodies around the world have prohibited certain relations between the audit firms and the companies in which audit is conducted by them. These include the following relationships: Employment Relations - Companies cannot hire their auditors as employees when they are working as their Even when these auditors resign and discontinue as their auditor, the companies cannot legally hire them as employees until a certain cooling off period ceases. The same requirement is in place even for the employees of the auditor of the company, the person cannot be employed in the company until the cooling off period ceases. Contingent Fees Auditors cannot be hired on a commission basis or a system where the auditors remuneration would be on a basis of contingent fees. Business Relations Auditors cannot have a business relation with the company, its employees, its officers, significant shareholders or the directors. The relation cannot be direct or even indirect. Thus, the audit committee must check and identify such prohibited relationships. Certain Financial Relations There are certain types of financial relationships that are prohibited between the audit firm and the client company. These types of relations are debtor and creditor, broker and dealer, banking, lender, etc. These relations specify the importance of the auditor to be independent, thus, specifying the importance of the independence of the auditor (Krauy, 2003). Non-Audit Services Growth in businesses and emergence of larger professional firms has led to growing demands for specialist and technical advice by these business houses to achieve their business objectives and to achieve an advantage over the rivals in an increasingly competitive marketplace. Much of this advice is sought from these audit firms because auditors can better understand the dynamic business environment from an external perspective and individual views often shed light on important areas of the conduct of business which an insider sometimes cannot observe. These services provided by the auditor to his audit client are called Non-Audit Services (Doyle, 2012). The auditor provides NAS to its clients falls into three main categories: Services that an Auditor can provide efficiently because of his existing knowledge in that field as these are based on information that is a by-product of the audit Examples are Tax Compliance Services, Reports in acquisitions and mergers, Due Diligence reports, etc. Services that are required by legislation. Example are Regulatory Reports, report on expenditure for grant application purposes, etc. Services which can be provided by many types of professional firms and its incidental that the audit firm has been chosen. Examples are Tax Advisory services, Consultancy services like Human Resource Consultancy, Portfolio Management Consultancy, etc. These services result in the audit firm providing specialist services along with conducting the audit of the client's business. It can happen that the revenue derived by the firm from NAS is more than the revenue derived by conducting an audit. Thus, sometimes auditors independence can be impaired and the auditor may become lenient due to the fact that future NAS work will be given to the audit firm. The expectation of future NAS revenue which might be more than the audit fee itself leads to poor quality of audit and financial reporting quality is damaged. The audit firm and the client can develop an economic bond when a lot of NAS revenue is derived from the client in proportion to the audit revenue. Research has found evidence that high level of NAS revenue resulted in the low quality of the audit. Over the last few years, the proportion of NAS fees paid by the business houses against the Audit fees has been steadily rising which has resulted in turning the audit firms into multidi sciplinary professional services firm. Thus, NAS has resulted in concerns over the auditors independence (Chai, and Jubb, 2000). Whenever a company fails question marks are raised about the quality of audit conducted of its financial statements reported, the auditors independence is also put into question. The Enron scandal showcased how the auditor must be independent enough. Enrons auditor had received total audit fees amounting to 25 million dollars while the fees for NAS provided were 27 million dollars. The audit firm should maintain a level till which it can accept NAS and stricter guidelines over these NAS revenues must be implemented. The NAS revenue has boomed which has resulted in an increased ties between the auditor and the client. The audit firms should, therefore, be more cautious in conducting an audit. Some NAS which involves expressing an opinion like Internal Audit, maintaining the books of accounts should be avoided as it may involve direct conflict interest leadi ng to impairing the independence of auditor (Malek, and Saidin, 2013). Relations between NAS Revenue and Total Earnings There were almost no studies related to NAS Fees and Earnings of the firm to depict any relation between qualities of an audit conducted by the firms to the NAS performed for the business houses. But recently studies have been conducted to show the NAS impacts upon the attributes of total earnings. NAS fees disclosures by the firms have resulted in studies that link NAS fee to client importance. Client Importance is measured as the fees received from a client divided by the total revenue of the firm and the ratio of clients NAS fees to the total revenue of the firm. These findings have shown that when huge revenue is received from NAS then the audit firm may become a little impaired towards the audit client. The proportion of the NAS fees paid by companies in U.K. was more than the Audit fees than the USA based companies (Antle, et al., 2014). The ethical code specifies that a firm should not accept an audit appointment from a client company which provides an unduly large proportion of NAS fees. It has also been advised that a firm should not conduct an audit if a single company provides audit fees that are unduly large in the proportion of the firms gross revenue so that ethical practices are maintained. Shareholders of the company should also be able to assess the ratio of NAS provided by the companys auditor to the audit work conducted by the firm. The net impact resulted from an increase of the NAS fees is that auditor may neglect his duties towards performing the audit and becomes more inclined to perform NAS (Son and Chen, 2005). Joint Provision of Audit Fees and Pricing of Non-Audit Services It has been often noticed that the companies generally engage their auditors to perform related services in finance, tax compliance, advisory and other services even though many other professional firms do exist to provide these services. The reason for the same is that both the auditor and the client company are interested in providing for services related to audit due to economies of scope (Adelopo, 2012). Economies of scope are referred to the cost savings achieved when the same firm or person provides more than one services. The cost of these joint services is lesser when compared with the total cost of audit and NAS from different firms. Joint provision reduces the cost of both ensuring contractual performance and cost of locating a quality consultant. Many companies, thus, nowadays increasingly engage a multi-disciplinary firm to conduct its audit and perform other services as well. The increased competition between audit firms has also led to firms charging their clients lesse r if its services are taken on the basis of bundles and both audit as well as NAS is conducted by the audit firm (Abou-Seada, and Hussey, 1996). But when audit firms conduct both the audit work and NAS then the effort towards the audit may reduce and the firm may become lenient in conducting the audit of the client. The expectation of future NAS work also makes the auditor impaired resulting in poor quality of the audit. Joint Service Provision and Audit Opinion The studies have been conducted to judge whether the audit conducted, audit opinion made by the audit firm and NAS provided by the audit firm are interrelated. Though the studies have not found any significant data to show that level of NAS performed and the audit opinion made by the auditor are interrelated but the auditors can give an incorrect opinion when the expectation of future NAS work received and future NAS fees received is also taken into consideration. The expectation of future NAS work might impair an auditor and an Unqualified Opinion may be granted by the auditor even though the company deserved a Qualified Opinion. Thus, auditors might grant the best opinion to the clients from whom the NAS fees is high and from whom future NAS engagement is also expected resulting in a disparity and poor quality reporting of financial statements. When the fees received by the firm for conducting an audit is lesser in proportion to fees received from the same client for conducting rel ated works and providing NAS then also the auditor may make an opinion better than the opinion deserved by the client (Arrunada, 1999). The auditor should, thus, not accept NAS work from a client if the NAS work increases than audit work to be conducted or he/she should not accept the audit work from the client which provides a substantially large amount of fees for the NAS performed. Conclusion It has proved to be very difficult to provide for evidence related to the impairment of audit when Non-Audit Services are also provided to the client company by the audit firm. This is because of the fact that this evidence is deeply embedded in the organisation and the system as a whole is such that both the audit firm and client company are too happy to complain about it. Even if the auditor becomes lenient in conducting the audit, the client company wont complain as it gains by cost saving and the auditor wont complain because it can gain a considerable amount of revenue from the same company. The system also helps in developing a very trusted relation between the auditor and the company officials, thus, both dont complain about this system. It has been seen that there is an increase in a NAS work performed when a considerable time has elapsed between the engagement of the audit firm and the client company. Thus, it is advisable to make laws strict enough that control the conduct of an audit and the NAS performed for the same client by the auditor. The audit governing bodies around the world are trying to make sure that no impairment occurs due to NAS work assigned to the audit firm. Thus, the institutes should either put a complete ban on these NAS or should make guidelines bring down the NAS to be performed below a certain level. To control the audit failures some hard step should be taken by the governing bodies so that the proper audit is conducted according to all guidelines issued by these governing bodies and the correct opinion is made by the audit firms on which all stakeholders can be proud off (Steinhoff, 2002). Thus, even the expectation of future Non-Audit services to be performed for the company cannot cause the quality of audit to be conducted to be poor. Auditors have a lot of responsibility when conducting an audit, preparing reports and making an opinion which should be respected by them as on the basis of their audited statements many impo rtant financial decisions are made. References Abou-Seada, M. and Hussey, R. (1996). The use of evidence in establishing audit opinion. Bristol: Bristol Business School, the University of the West of England. Adelopo, I. (2012). Auditor independence. Burlington, VT: Gower Pub. Antle, R., Gordon, E., Narayanamoorthy, G. and Zhou, L. (2014). The Joint Determination of Audit Fees, Non-Audit Fees, and Abnormal Accruals. SSRN Electronic Journal. Arrunada, B. (1999). The economics of audit quality. Boston: Kluwer Academic Publishers. Baker, H. Filbeck, G., 2015. Investment Risk Management. Oxford: Oxford University Press. Chai, S. and Jubb, C. (2000). Audit and non-audit service provision. Parkville, Vic.: University of Melbourne, Dept. of Accounting. Deloitte, 2013. Conceptual framework Presentation and disclosure; elements of financial statements; capital maintenance (IASB only). [Online] Available at: https://www.iasplus.com/en/meeting-notes/iasb/2013/march/cf-2 [Accessed 8 10 2015]. Doyle, J. (2012). Audit opinions are important. [Victoria, B.C.]: Office of the Auditor General of British Columbia. Hae-Young, B. (2014). A Study on Audit Fees, Audit Hours, and Corporate Governance Practices. The journal of international trade and commerce, 10(6), pp.103-123. Houghton, K., Jubb, C., Kend, M. and Ng, J. (2010). The Future of audit. Acton, A.C.T.: ANU E Press. Keane, M. (2014). ABNORMAL AUDIT FEES, NON-AUDIT FEES AND AUDITOR-CLIENT RETENTION DECISIONS. IJBR, 14(3), pp.181-190. Krauay, P. (2013). Audit services, non-audit services, and audit firm tenure. [S.l.: s.n.]. Lennox, C. and Park, C. (2007). Audit Firm Appointments, Audit Firm Alumni, and Audit Committee Independence. Contemporary Accounting Research, 24(1), pp.235-258. Malek, M. and Saidin, S. (2013). Audit Services Fee, Non-Audit Services and the Reliability of Earnings. International Journal of Trade, Economics and Finance, pp.259-264. Son, M. and Chen, K. (2005). Do non-audit services influence audit quality?. Steinhoff, J. (2002). Auditor independence. [Washington, D.C.]: U.S. General Accounting Office, Financial Management and Assurance. Schofield, N., 2011. Commodity Derivatives: Markets and Applications. Hoboken, New Jersey: John Wiley Sons. Zaman, M., Hudaib, M. and Haniffa, R. (2011). Corporate Governance Quality, Audit Fees and Non-Audit Services Fees. Journal of Business Finance Accounting, 38(1-2), pp.165-197.
Subscribe to:
Posts (Atom)