Auditing and Assurance Services Identification

The obligation of duty of care varies with the each case scenario as the severity of duty enhances the extent of responsibility. A greater duty of care will arise when it relates to the matters which are presumed to be in the knowledge of professional accountant or where fees are charged (Gay and Simnett, 2010).   A Professional accountant may accept a commission from the third party in connection with the sale of goods and services to a client. In the present case, Peter Harmon, professional accountant advises its clients to purchase computer services from Bunker L Ltd. In consideration Bunker, L Ltd has promised to pay 10% commission. Peter Harmon hasn’t violated Accounting code of ethics. According to Section 120 of APES Code of ethics for professional accountant’s states that a Member in practice may accept referral fees related to the client but only in certain situations (Mironiuc, Robu and Robu, 2012). This acceptance of commission or referral fee creates a self-interest threat objectivity, professional competence and due care but accountant has to disclose the clients about the arrangement in connection with the sale by the third party to its client. Here the accountant has to disclose about the arrangements in relation to the commission to the clients to safeguard the threat relating to self-interest. In this situation, there can be a breach of the principle of objectivity and Professional Competence and Due Care. According to Section 140 of APES Code of ethics for professional accountant’s imposes an obligation on all members to refrain from: In the above case, David Smith has referred it clients to insurance companies without letting them know. It is the obligation of the auditor to maintain confidentiality about the information acquired due to business and professional relationship. However, in the given case the auditor has disclosed confidential information (Glover, Taylor and Wu, 2015). Here David smith has to let know the clients about this fact that he has referred their names and about the arrangements in connection with the commission which the auditor will receive in consideration. In this situation, there is a breach of confidentiality. In accordance with the auditing ethics of Australia, it is important to accomplish audit work by considering professional approach and being committed to the work of client. As per the provided information in the scenario, it can be noticed that there is not a proper aspect for securing information provided by the client as information can be assessed by anyone and it can lead to clients (Glover, Taylor and Wu, 2015). By considering this factor, in this case, there is the possibility of violation of the ethical principle of the objectivity and Professional Competence and Due Care. Arens, A.A, 2007. Auditing and assurance services in Australia: an integrated approach. Pearson Education Australia. Collings, S., 2014. Frequently Asked Questions in International Standards on Auditing. John Wiley & Sons. Gay, G.E. and Simnett, R. 2010. Auditing and assurance services in Australia. Mcgraw-hill. Glover, S.M., Taylor, M.H. and Wu, Y.J. 2015. Mind the gap: Factors contributing to purported deficiencies in auditing complex estimates beyond auditor performance. Available at SSRN 2504521. Mironiuc, M., Robu, B. I. and Robu, A. M., 2012. The Fraud Auditing: Empirical Study Concerning the Identification of the Financial Dimensions of Fraud. Journal of Accounting and Auditing Research and Practice, 2. End your doubt 'should I pay someone to do my dissertation by availing dissertation writing services from

A raisin in the sun Essay Example | Topics and Well Written Essays - 750 words

A raisin in the sun - Essay Example Even though Beneatha is the one with the college education, Mama is the more worldly and intelligent of the two. It may not be book intelligence, but it is the kind of knowledge about life and the world that makes someone wise. Mama has the kind of intelligence and knowledge that comes with having lived a long life full of various experiences. â€Å"There is always something left to love. And if you ain’t learned that, you ain’t learned nothing (145, individual).† This comes after Beneatha makes a comment that she can no longer love her brother after he messed up the way he did with their money. Mama, though also upset by the situation and where it has led the family, is more wise to understand that people make mistakes and that this is no reason to love them any less. Beneatha also believes that her type of intelligence makes her more wiser than her mother. Mama strives to bring respect into her household regardless of the situation or the person. This is seen especially during the debacle with the welcome man from the neighborhood that they want to move into. Mama tries to respect the gentleman and the news he has to bring, understanding the closed-mindedness of some people during that day and age, but she also tries to keep respecting herself and her family. â€Å"And you’ve stopped caring?† â€Å"Yes - I think so (133).† As the world crumbles, Beneath loses respect for everybody - her brother, her mother, and humanity as a whole. Mama just finds this as an opportunity to grow. Again, Beneatha is unable to see eye-to-eye with Mama. In the Younger household, Mama is the sole caretaker, tending to everybody at once. For the most part, the other members of the household try to put the others before themselves. Beneatha, on the other hand, focuses only on herself. While the family slowly collapses around her, she can only take notice to the fact that her education might suffer.

1.how has unemployment affected the economy over the last four yeasr Research Paper

1.how has unemployment affected the economy over the last four yeasr. 2.Have unemployment rate increased or decreased over the last four years - Research Paper Example It has had negative effects on the economy because the government financial budget has had strains in trying to meet the needs of all citizens to their satisfactory but still can not because a high population is unable to cater for its daily needs. The problem still stands to be the issue of unemployment. The economy is unstable because people are over dependent in government expenditure rather than generating income for the economy (Markus 206). The rate of unemployment has increased from around 5% in the year 2007 to around 10% in the year 2011. This shows that the economy is rising with time and the government has failed in its efforts to draft measures that can counter these changes thus making the citizens to be on the receiving end to the harsh economic changes. Apparently, unemployment still remains to be a matter to be looked into as people are suffering without knowing the way forward to a solution. The government should increase the number industries so create job opportunities and control the rate of