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I’m trying to learn for my Geography class and I’m stuck. Can you help?

Welcome to your critical thinking. This assigment requires you to do the following:

• Give your opinion on the topic below.
• Return later and responded to a fellow student comments.
• You must post your opinion and a response for full credit.

This is a threaded discussion in which you interact with your classmates. You are required to answer the thread questions with a complete response. Responses that are “double talk” or restate the question and provide very little sustance will not be given the points. If neccessary research the question on the net. All the topics come straight from the Unit Reading. Please do not use this thread to discuss your “frustrations” or dislikes. If you have concerns about the course, your grade, or grading procedures. Please e-mail me at butlerg@bartonccc.edu or call. Remember the following rule applies:

Netiquette: All students are expected to be responsible and courtesy in their discussion posts. Posts should not be used to “flame” students or the instructor. The use of offensive language, sexual, or racist comments will not be tolerated. Students will be reported their dean, and college for this behavior. I will forward the offensive post to the required authority. Also, you will be dropped from this course and given an immediate “F” for the course.

Thread Rubric: Here is what I am looking for in these threads. My goal is to key you in on some of the social/political issues in a region and improve your understanding of the topic. The threads are designed to enhance the course and provide a written question not easy to provide on a multiple choice exam, Many of the threads my require some online research. It take only a few minutes. Here is the rubric:

• Posted a Response: You answered the question in clear completed sentences (5 Points)
• Responded to another student: You responded to another student post. Some of this can entail a simple agreement or acknowledgement, A discussion on topics is preferred (5 Points).
• Provided detailed explanations: of your views using resources and or the textbook. Cite resources, in providing web link or textbook page number. If you are unsure about a topic the internet provides a world of information (10 Points).

Critical Thinking Question: allocation of water resources is a problem around the world. The Nile River flows through many countries. If people from upstream take too much, those who live downstream may be left with little or nothing. Refer to a map of the region while you think and discuss this question. Through which countries does the Nile pass? What ideas can you suggest for allocating water from the Nile among the many potential users? What agreements currently exist to allocate water from the Nile?

Web Links

UN: Global Water Resource Issues (Links to an external site.)

PRB: Population Reference Bureau on Water (Links to an external site.)

Wikipedia: Water Politics in the Nile Basin (Links to an external site.)

“A foolish man may be known by six things: Anger without cause, speech without profit, change without progress, inquiry without object, putting trust in a stranger, and mistaking foes for friends.”– Arab Proverb

I’m working on a Calculus exercise and need support.

An electronics company produces transistors, resistors, and computer chips. Each transistor requires 3 units of copper, 1 unit of zinc, and 2 units of glass. Each resistor requires, 3, 2, and 1 units of the three materials and each computer chip 2, 1, and 2 units of these materials, respectively. How many of each product can be made with 965 units of copper, 500 units of zinc, and 880 units of glass. Solve this exercise by using the inverse of the coefficient matrix to solve the system of equations.

I don’t know how to handle this Statistics question and need guidance.

Order Description

Length – Graphs, code and maximum of 1000 words (equivalent to 1500 words)

• Due – Friday 13th January 2017

• Submission – Electronic, via TurnItIn

• Weight – 60% of final mark

In this assignment, you will take on the role of a data scientist for the UK government who has been

asked to investigate perceptions of crime in England and Wales. The particular issue of interest for the

government is the public’s fear of crime; that is, the extent to which people in England and Wales are

worried about being a victim of crime (e.g. burglary, mugging or physical attacks). This is the subject

of much debate within the media, and the government wishes to know both the extent of the issue

and its relationships with other factors.

Your task is to create a report which offers insight into this issue for government employees involved

in crime reduction. In order to present a compelling outline of the problem, you will have to create a

report which includes rigorous statistical analysis, presented in a way which is both attractive and

accessible to non-experts. Descriptive statistics and statistical tests should be used to support the

points that you make, but should be described so that the anticipated audience – policymakers within

government – will be able to understand the key principles involved.

Since some of the consumers of the research may be particularly data-savvy, and wish to interrogate

the analysis themselves, the report should be prepared with transparency and reproducibility in mind.

In particular, the code used to produce the analysis should be included so that it can be checked and

re-run if necessary. The report should therefore be delivered in the form of a Jupyter Notebook which

records and displays the analytical workflow.

Using data from the 2013/14 Crime Survey for England & Wales (CSEW), you should describe the levels

of worry in the population in whatever way you feel is most appropriate and informative. You should

also examine the relationships between other factors and worry about crime, using statistical tests

and modelling methods. In particular, you should examine the relationship with at least one variable

of each measurement type (nominal, ordinal and interval/ratio). Your report should include at least 3

graphics and at most 5, where each image counts as a single graphic (regardless of whether it is a

multi-panel plot, for example). These should be selected on the basis of their value to the overall

narrative of the report.

Minimum requirements:

• Provide a brief introduction to the issue being analysed and motivate the analysis which

follows. This does not need to be extensive or detailed – it can be assumed that consumers of

the report will be broadly familiar with the context – but should set the scene for the report.

• Open the CSEW dataset and identify the variable(s) relevant to this issue.

• Present descriptive statistics for the level of worry about crime among survey respondents.

• Identify several contextual variables which might have relevance to the issue. These should

include at least one nominal, one ordinal and one interval/ratio variable. The choice of

variables should be informed by the context of the task – that is, there should be some

rationale for your choices, which should be given.

• Examine, using appropriate statistical methods, the relationships between these variables and

worry about crime.

• Document, using comments, the code used to perform your analysis, so that a reader can

understand what each section of code is doing.

• Produce at least 3 graphics illustrating aspects of your analysis.

• Describe and interpret your analysis, and reflect on its real-world consequences and

implications.

Optional suggestions:

• Perform some aspects of the analysis on a disaggregated basis; i.e. identify subgroups which

may have relevance to the issue in question, and examine these groups separately.

• Identify and examine other potential relationships in the data; that is, rela

I’m trying to learn for my Political Science class and I’m stuck. Can you help?

Based on the framework laid out in your lesson 4, you are to critically analyze an enacted state policy. Use the concepts from the lesson to do the analysis. This should be something you have seen show up in the news, an issue you are interested in, or a policy that could have direct impact on your life. It can be anything so long as it has been voted on by your state’s legislative branch, has been approved by the executive office, and has been signed into law. To make your work a little easier, you’ll likely want to choose something that has had media/public attention and is a broad enough issue that you can find scholarly sources to provide background information. Some examples of state issues include: fracking, legalization of medical marijuana, mental health services, state budget and spending, etc.

In this 5-7 page analysis you should:

• Establish the history of the issue
• Identify the major policy concepts/contexts
• Identify the stakeholders
• Review the development and implementation of the policy (what was the policymaking process?)
• Evaluate the effectiveness of the policy and its ability to meet stated goals (that means that this is something that has been in place long enough to evaluate)
• Provide an analysis with recommendations for improving or modifying the policy (be sure to include your recommendations for adjustments, expansion or alternatives)
• Situate your analysis in the contemporary policy literature.

Make sure you draw from the lesson and relevant PA journals. A list of good online journals is available in our online website (https://apus.libguides.com/pubadmin) You should incorporate at least 4 scholarly journal sources. Remember that the content must be 5-7 pages (excluding title page and references) . *Your essay will be automatically uploaded to Turnitin.com and an originality report will be generated for you. No action is needed on your part.

Help me study for my Geology class. I’m stuck and don’t understand.

Please reply to both POST1 and POST2 with at least 250 words

POST1:

For this week’s discussion post, I chose to write about limestone. Limestone is considered an organic sedimentary type of rock, which is formed through the solidification of sediment. “Sediment is a naturally occurring material that is broken down by the processes of weathering and erosion and is subsequently naturally transported” (Micu, 2019). These types of rocks also form by the overturning of the Earth’s material, such as the surface or bodies of water.

Limestone is composed primarily of calcium carbonate in the form of a mineral called calcite. This mineral can be one of three materials: organic, chemical, or detrital in origin. It forms in shallow, calm, warm marine waters where organisms are able to form calcium carbonate shells and skeletons. For example, when an animal dies, their shell or skeletal debris accumulate as a sediment that might be lithified into limestone and form into this type of sediment. Most limestone can be found in areas between 30 degrees north latitude and 30 degrees south latitude in areas like the Caribbean Sea, Gulf of Mexico, and around the Pacific Ocean Islands. Limestone can also be formed as chemical sedimentary rocks by direct precipitation of calcium carbonate from marine or fresh water. Although these are thought to be less abundant than biological limestone.

Limestone is known for its large amounts of marine animal fossil content that settled on the ocean floor over millions of years. Overtime, they were compacted, creating limestone from the sediments and pressure of the ocean floor. This tells us there was sitting water for years and years where limestone is found today. An interesting fact about limestone in the area I live (San Antonino, Texas):

– San Antonio straddles the Balcones Fault.
– A limestone quarry was built on the Balcones Fault, but has been reconstructed as the Sunken Garden Theater which now holds concerts and plays.
– Since I live on limestone, I can only plant certain trees and plants since the limestone is only a few inches below the dirt (we also have no basements!).
– I live and work within a mile of our local quarry and every Friday afternoon they blast the limestone to create crushed stone. My entire building shakes and is quite scary when you don’t know what is going on!

Resources:
Limestone. (n.d.). Retrieved from https://geology.com/rocks/limestone.shtml#:~:targe… of Limestone, siderite, and other minerals.

Micu, A. (2019, April 24). The types of rock: igneous, metamorphic and sedimentary. Retrieved from https://www.zmescience.com/other/science-abc/types-of-rock/.

Nerc. (n.d.). How is limestone formed? Retrieved from https://www.bgs.ac.uk/discoveringGeology/geologyOfBritain/limestoneLandscapes/whatIsLimestone/howFormed.html.

POST2:

The rock of my choosing the Obsidian a natural igneous rock, volcanic glass, black in color with a smooth texture or what may appear to be shiny with a glassy, streak finish. Obsidian is absent from minerals due to the crystalline process within the rock. The chemical process to form this rock is formed through the geologic process of lava flow that is initiated underground when the mantle pressure and heat intensifies, the rock will melt to form magma that will rise up through the crust of the surface and initiate the lava flow. Obsidian forms at the end of the volcano cycle. The chemical composition includes about 70% of silicon dioxide that is formed through rapid cooling from volcano lava. Changes in the magma water content can impact how streaks show up in the rock. The last Obsidian flow occurred over 1300 years ago at Newberry volcano.

Obsidian artifacts turn up at archaeological sites going back at least as far as 1.7 million years ago, when an early member of the genus Homo made tools with it at the Ethiopian site of Melka Kunture. Tarkach (2019). Because the rock is hard and brittle Obsidian was useful in the Stone Age for tools such as spears, scalpels for surgery and even jewelry. Discovered by Native Americans it has made it’s way across the country Obsidian is found in Argentina, Canada, Chile Greece, Italy and United States in Oregon as a popular location to name a few.

Obsidian can also be found in reddish brownish colors as a result of the microscopic crystals and flow layers of the lava. A interesting fact is obsidian it played a role in HBO’s hit Game of Thrones and while I never knew this, it has made me want to go back and look at the series.

References

Andrei, Mihai. (2015) the types of rock, igneous, metamorphic an sedimentary, retrieved from https://www.zmescience.com/other/science-abc/types-of-rock/ (Links to an external site.)

TARLACH, GEMMA. Discover. Jun2019, Vol. 40 Issue 5, p26-30. 3p. 7 Color Photographs. , Database: Academic Search Premier (Links to an external site.)

Johnson, C., Affolter, M., Inkenbrandt, P., & Mosher, C., Salt Lake Community College. (2017). An introduction to geology. Retrieved from http://opengeology.org/textbook/

I’m studying for my English class and don’t understand how to answer this. Can you help me study?

The grade is 6-8

The place is New York I will attach a link to the national state standards

The subject is English. with a mix of English speaks and English language learners (ELL).

The lesson should be English language related. like creative writing or building vocabulary or ,learning to write a paper. In one of my classes we did name poems where students wrote about themselves using where, when, why, what and how.

Be creative but remember to follow the template

Instructional planning requires well-written learning objectives. A learning objective must be Specific to the content being taught, Measurable, Attainable by students, Relevant for students’ development and growth, and able to be accomplished within the Time restrictions of the class (SMART). Clear learning objectives keep the instruction focused and help the students understand the learning expectations. Learning objectives must also be aligned to academic standards. Accurate alignment will guide instructional planning and enhance student academic success. Integration of technology in lessons creates student engagement, but needs to be carefully reviewed for relevancy and meaningfulness.

Use the “Modified COE Lesson Plan Template” to create a lesson plan in your content area that is aligned to Arizona or your state standards. This lesson plan will be expanded upon in Topic 5 to include differentiation.

Be specific when including the following:

• In the “National/State Learning Standards” section : Include state standards that support the theme of the lesson.
• In the “Resources, Materials, Equipment, and Technology” section : Include technology to enhance student learning and creativity.
• In the “Multiple Means of Expression” section : Describe one formative and one summative assessment.

At the end of the lesson plan template, write a 250-500 word rationale justifying the choice of standards and how they support cross-curricular learning as well as how the chosen technology enhances student learning and creativity. Explain how the formative and summative assessments described in the lesson plan, accurately (validity) and consistently (reliability) assesses students’ learning.

APA format is not required, but solid academic writing is expected.

I’m studying for my Business Law class and don’t understand how to answer this. Can you help me study?

Due to an ever-increasing array of ethics and legal issues in the global business environment, there are countless current topics on which to write your argumentative business law and ethics research paper.

This argumentative research paper is your opportunity to select a meaningful business topic wherein you should review documentation and evaluate data that will help you establish your opinion and position on the topic and issue you choose. Your argumentative essay should consist of existing, published literature and materials, as well as collected data, to present your understanding of the ethical/legal issue in an argumentative manner. Also, it is important to choose a topic that will enable you create a strong foundation on which to build your research and one where ample current material is available in libraries and on the internet. You will need to collect an abundance of statistical data and analyze it in an unbiased, logical way.

Finding a narrow, focused issue is essential to writing an excellent paper. Your task here is to find a topic that can be comprehensively researched—a topic and issue that it isn’t too broad nor too narrow. Then, your goal is to find the topic’s focus and the issues to be argued.

The topic you choose should attract the reader’s attention. The best business law and ethics topics are those that cause many people to voice their opinion. Therefore, it makes sense to choose a topic that is a bit more provocative because examining a controversial topic makes for a very interesting and engaging argumentative research paper.

In order to write a good and intriguing business research paper, your choice of topic should be in your field of interest. In addition to choosing an engaging topic, your research topic must be well-researched and backed up with facts. Also, you should focus on the ethical issues related to your chosen topic by addressing morality, duties, integrity, business behavior, and any other matter that is bad or good for the society, the company, or its employees.

After selecting a topic, conduct thorough research on the most current information available on your topic and related issues. In this ever-changing global business environment, business law and ethics issues and cases are constantly emerging. Therefore, when researching your chosen topic and supporting real life example and cases, you should utilize real cases that are happening right now, as well as any relevant older cases that supplement the topic. The cases in our textbook tend to include cases that are years old. Although many of the textbook cases are not particularly current, they can be used as background information and as precedent to support and/or counter your argument.

Accordingly, your task is to select an argumentative research paper topic related to a business ethics and law issue. Your research paper should: (1) Introduce your topic and briefly discuss the issue background; (2) set your position; (3) explore various viewpoints, (4) support your chosen position with evidence; (5) compare your position to the rest of the viewpoints, while making arguments that put your position at the forefront; and (6) Briefly summarize your position and rationale in the conclusion.

While your research, analytical, and writing skills are important in influencing your grade, and while you can choose any topic related to business law and ethics, the difference between a commonly researched topic and one of current importance and interest will determine your grade.

Once again, choose a business law and ethics topic that is interesting to you and can be easily researched and well-presented. Accordingly, it’s important to consider your subject, and your field of interest, and then find business research topic that you can effectively write about.

Just remember to take on a unique perspective on your research topic as this argumentative research paper provides you a great opportunity to write something innovative and potentially useful in your professional life.

Writing Tips for Business Ethics Research Paper:

• The research paper must be written in the APA Format to which Sofia University subscribes.
• The length of the paper should be 10-20 pages. Your work is evaluated on how effectively you address the topic and analyze the issue—it’s not graded on number of pages
• If you copy some lines from the original work of an author, you should provide them as quotations using proper punctuation marks in order to indicate that you are not plagiarizing. It is important to acknowledge another person’s ideas when you are utilizing their ideas to support or contradict your position. When quoting other works, utilize the requirements of the APA format.
• Regardless of the topic you select, make sure that you focus on one issue and do in-depth research on it.
• Concentrate on the issue you have chosen for your research in order to avoid wasting your time and efforts on information that is too general or irrelevant to include in your paper. Although you should research and write on the history, background, and/or conditions of your chosen issue, it is necessary only as introductory information and as precedent to support and/or counter your main issue and arguments. The mainstay of your research and writing should look at the current business environment with a glimpse toward the future.

I don’t know how to handle this Marketing question and need guidance.

Can you respond to this student 50-100 words

Creating a developed market forecast requires thought on what type of information is needed to make the best decisions for your business. I think using time series forecasting is the most optimal method because of the ability to use historical data, trend analysis and moving average or moving means to estimate future outcomes. According to Nordmeyer (2018), “A time series is a group of data that’s recorded over a specified period” (Time Series Forecasting Methods). Creating a database of what your potential customers think of your product or services should include an engaging questionnaire that highlights what market penetrations would your product or service make if sold to the consumer. A successful presence in the market would be a popular product or service with a strong catchy ad campaign that people can recall when mentioning your business. Terrestrial forecasts should be based on future predictions in the market using current data while virtual plans are based on how they think the market will be in the future. Using terrestrial plans allows for more accurate analysis of data from actual business trends and history while virtual plans are based in what the person thinks will be the future outcome results for products and/or services.

I don’t know how to handle this Law question and need guidance.

Read the Hypothetical Case Problem #1 at the end of Chapter 1 and respond to these questions:

• If Javier sued Energy-Auto Inc., identify who would be the plaintiff and the defendant.
• In which state or states can the suit be brought?
• Assume that Javier incurred $100,000 in damages.
  • Analyze whether the suit can be brought in federal court
  • Explain the advantages and disadvantages of federal versus state court for this type of suit.

I need an explanation for this Business question to help me study.

Hello,

I need four responses of at least 200 words each for the below students discussions for this week. Also in the bold below are the questions the students at answering.

Unfortunately, auditing is not necessary for effective financial reporting. Do you agree with this statement? In 300 words, defend your position.

Student one:

Position

After reviewing this statement, I am going to have to respond with a resounding no. It is absolutely important for the financial activities of a business to be kept track of. This is how you avoid incidents of the illegal kind which would be bad for the boss who could possibly be unaware of such actions. The accountability of a company must be a thing, otherwise, who knows what kind of shenanigans they could get away with?

Purpose

Audits allow for an outside look at a company to ensure everything is legit with the company. This is to see to it that every transaction is recorded as to avoid any off the record transactions which is common occurrence believe it or not. The process is different for small time companies who only receive one review per year while big time companies require multiple audits which are done by the accounting staff. Now the accounting staff can deliver two types of opinions: unqualified and qualified. Ironically, unqualified opinions happen when the auditors believe the company is following all the accounting rules . Once this has been established, the statements are then made official. Qualified opinions have the opposite effect as this is when errors are found. As a result, auditors will then report a possible violation of the GAAP and what should be on the inside to rectify the situation. Until those corrections are made, auditors will not be inclined to sign off on anything.

Importance

Auditing financial statements are important for potential investors and economists alike as it assists them in deciding whether or not a company is truly in good financial standing by legitimate means. It mainly protects investors from making bad investments in shady and untrustworthy businesses. Auditors should not be seen as the enemy as their reports are only done in order to discourage and reduce the likelihood of fraud or corruption within a company as these kind of things should be frowned upon. Ultimately, these precautions are more than necessary for effective financial reporting and I feel it would be unwise to think otherwise.

References

Retrieved from https://www.affluentcpa.com/audit-of-financial-statements-under-us-gaap/

Retrieved from https://www.investopedia.com/terms/a/audit.asp

Vitez, Osmond. (2019). Purpose of Auditing Financial Statements Retrieved from https://bizfluent.com/about-5179679-purpose-auditing-financial-statements.html

Student two:

Hello all

In regards to global business, the International Accounting Standards Board (IASB) sets forth and manages the International Financial Reporting Standards (IFRS). These standards provide guidelines for businesses on how to report different different transactions and financial events within their organization. (Lumen Learning, n.d.) Financial reporting is extremely important, and aims “to provide financial information that is useful to others in making decisions related to providing resources to the entity.” (International Accounting Standards Board [IASB], 2018) This is done a number of ways, including four very important financial statments: income statement, balance sheet, statement of retained earnings, and statement of cash flows. (Lumen Learning, n.d.) Unfortunately, these four financial statements may not always be accurate, whether intentional or unintentional, and can cause many problems for the business as well as investors. One way to verify the reported information is to perform an audit, which could be internal or external.

Internal auditing is done inside the company and generally focuses on efficiency matters. External auditing is done through a licensed professional that has no ties to the company, which in the United States is a Certified Public Accountant (CPA). (Lumen Learning, n.d.) External auditing helps to take some of the bias out of the audit itself and the objective “is to enable the auditor to express an opinion on the financial statements if they are prepared in all material respects under a financial reporting framework.” (Vasile, E. & Gruia, P., 2018) By following a set of guidelines and standards, the auditor is allowed the ability to objectively report their findings regarding the company’s financial statements.

In my opinion, it is extremely important for a company to engage in external auditing of their financial reporting. I also feel that it is 100% necessary for auditing to occur if a company wishes to keep their financials in check and steer clear of any financial scandals. It is an essential part of business in general and should be considered a necessary means for keeping the company financially healthy.

References

International Accounting Standards Board. (2018). Conceptual framework for financial reporting. Retrieved from www.ifrs.org/-/media/project/conceptual-framework/…

Lumen Learning. (n.d.). Accounting and taxation in global business. Retrieved from https://apus.realizeithome.com/RealizeitApp/ContentDelivery.aspx?Token=aNYykCmNB67yN6Ic%2fr3Mj2qlur0E6s4Unlk%2f3SsUN5gvwM5YzGjCp%2f%2bWACnEZ31aKE6lseTj1idL6kJcoii2QtmHn7y2fx4Dj8xEbv96uIveh26G7q7sSdzFIRxTYUol82fSXYOEh8AM1r23T94BCTKe4Gh8ycZyk9FgzZExuqy%2bHSyoXZxgQzfZazFrrcTMCJVBtkkmC1Fd9BrX0YHHUPXblsBlVRuC0HULyusqvCEsrC9UERIebfQRlMxKiE3gZ%2fGL9RXPw0yWSaB67wECr3Yxnrq%2bDtYk3EyK4w6gk1QEIBZK5Ye4PnEL0yUw50NzevdwOOE97FTovi3YPpObjy9MR7%2flNJyT2Cn3h72x7OiD6JkLdK8Yji%2fIN5tiTZzXLuturSjqDfHuuXoyVJOqJgboXIEJVSrh0YQvuXh8wH2IJF1S5KT1fdJT8tPx6pgRLlx5Qog9XrHC7QVFxOOI8T1ufcGBji%2bZIru4HYvZcl4%3d

Vasile, E. & Gruia, P. (2018). The importance of financial accounting auditing in the identification of economic criminal activities. Audit Financier, vol XVI, no 3(151), 398-406. doi: 10.20869/AUDITF/2018/151/019

Student three:

People tend to mess things up from time to time. When it comes to the financial side of a business, it can happen on purpose or it can happen because someone made a mistake. It’s important for businesses to take steps so that their shareholder can feel comfortable about the numbers that are being reported. For this reason, I do not agree that financial auditing is not necessary for affective reporting.

There are two main types of auditing; internal auditing and external auditing. Internal auditing takes place from an agent within the company who will look at various aspects of the company to see if it is operating properly or if it can be improved. These reports are viewed by the leadership within the company and a determination is made on whether or not changes are needed to meet external auditing standards.

External auditing can only be performed by Certified Public Accountants who are operating independently from the company. They must submit their findings using specific forms, unlike the internal auditors who can submit findings in any format. External auditors, in my opinion, give a better sense of direction on a company for its shareholders. There is a lot less of a chance of tampering with external auditing results.

Auditing fraud goes back years. In 1938, McKesson & Robbins, a drug company, was caught after they tried to fake 20% of its assets. K-Mart even convinced “big suppliers like Coca-Cola and Kodak to report promotional payments before they were actually paid.” (Fisher, 2011) They were able to do this by threatening to pull their products if things didn’t go the way they wanted. Luckily, this information came out and shows us just how far companies will go to make themselves look better on paper. External auditing is a big way to keep companies honest.

Sean Miller

Resources:

ACCOUNTING AND TAXATION IN GLOBAL BUSINESS. (n.d.). Retrieved from https://apus.realizeithome.com/RealizeitApp/ContentDelivery.aspx?

Bragg, S. (2019, July 9). The difference between internal and external audits. Retrieved from https://www.accountingtools.com/articles/the-difference-between-internal-and-external-audits.html.

Fisher, D. (2012, July 8). Scamming The Auditors Is As Simple As Cut And Paste. Retrieved from https://www.forbes.com/sites/danielfisher/2011/11/08/scamming-the-auditors-is-as-simple-as-cut-and-paste/#4177b482a432.

Student four:

Hello Class,

This week’s post propounds that auditing is not necessary for effective financial reporting. I disagree with this statement. An audit can be defined as an intricate examination of the financial reports of an organization. It is used to reassure various stakeholders than an organization’s accounting reports are accurate. This task is usually done by a CPA who accumulates and evaluates a company’s accounting records. Audits can be internal or external.

An audit serves several purposes which ensures effective financial reporting. Firstly, an audit ensures compliance. Most industries have statutory requirements (Sanghavi, 2019). An audit gives both the organization and stakeholders the peace of mind that the organization is compliant. On the other hand, if an organization is non-compliant then there will be fines, damage to the firms reputation and damaged to customer relationship (Sanghavi, 2019).

Another benefit of an audit is business improvements. An audit is an in dept look into the internal systems and controls within an organization. The insight gained can be used to identify arears for improvement. An audit can identify deficiencies in accounting practices, governance, culture and business systems (Sanghavi, 2019).

Credibility is another result of an audit which makes an audit necessary for financial reporting. An audit is an independent and impartial verification of financial statements. The results are a “true and fair” representation on an organization’s current situation. Therefore, investors, stakeholders, customers, lender and other entities can use it to establish credibility (Sanghavi, 2019).

An important benefit of an audit which cements its importance is its ability to detect and prevent fraud. An audit can detect fraud, errors and corruption. An auditor an detect weakness and establish the systems and controls needed to eliminate these areas of risk (Sanghavi, 2019). A major part of an audit is the analysis of financial transactions. While doing so an auditor will go over income, assets, liabilities and expenditure. This step can be used to provide insight to improve financial planning, budgeting and financial decision making.

An audit is an immeasurable tool for any organization. It provides insight, direction and credibility.

Reference

Sanghavi, B. (2019, January 29). Top 5 Benefits An Audit Provides. Retrieved from https://www.uhyhn.co.nz/2019/01/29/top-5-benefits-an-audit-provides/.