Ethical Issues in India Essay

For Subject Business Ethics and Corporate Governance 2G Spectrum Scam We have had various tricks in India; however none greater than the trick including the way toward designating brought together access administration licenses. †¢It is Rs.1.76-lakh crore worth of trick. The sum is roughly 2% of national GDP or 1/3 of current duty income of India. It is likewise equivalents to yearly pay of telecom administration division. †¢The previous Telecom serve A Raja who as indicated by the CAG, has avoided standards at each level as he completed the questionable 2G permit grants in 2008 at an expendable value which were pegged at 2001 costs. Recipients: Dependence Communication supposedly had stake 10.7% of in swan telecom.But as indicated by rule a telecom administrator can't claim over 10% stake in another telecom administrator organization operatingâ inâ sameâ area. Unitech had no involvement with telecom division however as per rule the permit ought to be given to the individuals who have involvement with telecom part. They got permit for discard cost of Rs. 1661 crore. It offered its 60% stake to Telenor at Rs. 6200 crore. Swan Telecom got permit for Rs. 1500 Crore.it offered 45% stake to UAE based Etisalat at Rs. 9800â crore. Swan Telecom had no experience in telecom sector. Different recipients incorporate Datcom arrangement, Loop Telecom, Tata teleservice, STel ltd, Idea cell and flavor correspondence. Moral issues: With flare-up of 2G trick following moral issues with respect to Government, Regulatory bodies, Media and industry came into front line. Administration: Soul of aggregate duty not conserved. Seemed like return to the permit raj period. Guideline: Toothless with just warning forces. Inadequate labor compounds the situation Appointment procedure help strife of interests Proper decentralization of forces and usage of existing principles may have forestalled this trick. Media ought to comprehend its duty towards individuals of India. Satisfactory force and assets should make accessible to administrative bodies. Federation Games Fraud The Delhi Common Wealth Games (CWG) examinations by Central Vigilance Commission (CVC) uncovered abnormalities and deceitful practices embraced by the association board of trustees members. The assessed figure for misappropriation of assets is Rs 8000 crore (Rs 80,000 million). The examinations have as of late started and the issues revealed are as per the following. †¢ Buy contracts marked with fluctuating rates for a similar item †¢Prices over-swelled in certain agreements †¢Contracts given to family members and companions †¢Sub-standard items bought †¢Vendor installments made without affirming quality and conveyance †¢Payments made to non-existent merchants The association council individuals overlooked the Prevention of Corruption Act and government strategies for agreements and tenders. Moral issues: From the point of view of buying process, the accompanying moral issues are obvious: †¢ Inappropriate and insufficient seller determination and assessment systems were followed. †¢Conflict of intrigue was not unveiled while marking contracts with related gatherings. †¢Tenders were not given to bidders providing least cost estimate of the item. †¢Vendors didn't convey the contracted quality and amount according to the conveyance plan. †¢Vendors were not punished for unsatisfactory quality or late conveyance. †¢Vendor installments were not connected to conveyance of items or fruition of expectations. †¢There was no isolation of obligations. Similar authorities approved the agreement and affirmed installments. An autonomous assessment of agreements by chance directors may have forestalled misappropriation of assets. An intermittent review by government offices could have featured these issues at a previous stage. As Comptroller and Auditor General (CAG) bunch is required to lead intermittent reviews of all administration costs, it is amazing that these issues were not found before. This unmistakably demonstrates miss-usage of open assets. Adarsh Scam A tall structure is worked in Colaba region of mumbai only neighboring terrains of Indian naval force, presently according to naval force this structure is security danger for its benefits and according to law it is illicit to assemble such structures close to resistance land. Presently another issue is that the land on which the Adarasha society ( building) has been manufactured is assigned for movement of groups of Kargil war Martyrs. however, thing happened is that the general public was conceded consent under name of Kargil war saints and a large portion of the pads were apportioned to family members of maharashtra clergymen Presently from looking to a realities it gives impression that greatest guilty parties in this trick are priests of maharashtra who endorsed the authorization, civil servants who had adequate cash to buy pads in the general public on the name of their family members, So by and large looking trick is consequence of joint Venture of organization and lawmakers of Maharashtra. Moral issues: †¢Why complaint is taken after finish of building and not during the structure was being constructed? †¢Power to give land at limited rate ought to be increasingly straightforward. Government ought to get more straightforwardness procedure of giving area at limited rate. They should screen in the case of lodging social orders or associations are adhering to manage pertinent to them. ‘Adarsh scam’ in Pune Subtleties of another land trick have surfaced from Pune in which high positioning armed force, police, common, transport and urban land office authorities had joined to snatch houses in what was intended to be a protection society. Archives possessing TIMES NOW demonstrate that Defense Personnel Housing Society (DPCHS), which should house Kargil war widows, has wrongfully been auctions off to administrators. The rundown of allottees in this general public additionally incorporates the individual secretaries of previous Maharashtra Chief Minister Vilasrao Deshmukh and Narayan Rane. The DPCHS, which was shaped by resistance faculty, had applied to the locale authority for apportioning of land for a lodging society in 2003. Accordingly, the administration had distributed 1.86 hectares in Lohegaon. In 2003 the general public was alloted the land which was intended for Kargil war widows. Be that as it may, in 2010 the general public documented a new rundown of allottees 100 of which included administrators. The Pune gatherer has gotten serious about the general public and requested an investigation into the anomalies. Moral issues: †¢The DPCHS was fromed for barrier work force. At present it has 200 individuals. About 50 percent of the individuals are workers at different government offices. †¢Power to give land at limited rate ought to be increasingly straightforward. Government ought to get more straightforwardness procedure of giving area at limited rate. They should screen in the case of lodging social orders or associations are adhering to control material to them. The advance trick The financial offenses wing of the Central Bureau of Investigation on uncovered a significant phony lodging advance racket and captured eight authorities from different puts money on join charges. CBI captured CEO of LIC Housing Finance Ramachandran Nair and seven others senior investors regarding a lodging fund racket. Aside from Nair, those captured are Naresh K Chopra, Secretary (Investment), LIC, R N Tayal, General Manager of Bank of India (Delhi), Maninder Singh Johar, Director (Chartered Accountant) of Central Bank of India, Venkoba Gujjal and Dy General Manager of Punjab National Bank (Delhi). Rajesh Sharma, CMD of Mumbai based firm Money Matters Ltd and two of its representatives Suresh Gattani and Sanjay Sharma were among those captured. The bank authorities supposedly intrigued with the firm to authorize huge scope corporate credits, superseding compulsory conditions for such endorsements alongside different inconsistencies. The Finance Ministry said it would investigate the chance of initiating a departmental investigation into the lodging fund racket that prompted capture of senior authorities of the LIC Housing Finance and open segment banks. The CBI has affirmed that Naresh Chopra, secretary (speculation) LIC, had guaranteed Rajesh Sharma of Money Matters that he would â€Å"disfavour the proposition of DB Realty, which had moved toward it for a credit through some other agent.† Subsequently , DB Realty drew closer Cash Matters and got an advance worth Rs 200 crore authorized and dispensed inside four months. Moral issues: †¢Role of delegates, for example, cash matters is dubious in whole trick. †¢Too much force in the possession of a not many. There ought to be more noteworthy straightforwardness in giving advance by money related organizations. there is have to crush such rackets in budgetary organizations and banks. Air India charged twofold admission to save Indians in Egypt. The 320 Indians who were emptied on the exceptional Air India (AI) flight needed to pay more than twofold the expense of a solitary ticket from Cairo to Mumbai. A single direction ticket in this part midpoints at Rs 17,000-20,000, however abandoned voyagers said they needed to pay Rs 45,000 preceding they were guaranteed of a seat on the AI 160 trip to Mumbai. For a couple of individuals, the toll was as high as Rs 55,000. Voyagers and honeymooners, a significant number of whom were on a careful spending plan and didn't approach prompt assets, were the most exceedingly terrible hit. Numerous fliers whined that they needed to pay money on the spot to have the option to secure a flight ticket. Artificial intelligence flight was a shelter on the grounds that our previous flight had been dropped. In any case, they needed to pay twofold cash on the spot to jump on the plane. Toward the finish of a vacation, a great many people don't have such a lot of money close by. Moral issues: †¢AI exploited Emergency circumstance. †¢Air India ought to comprehend the obligation towards Indians. There ought to be straightforwardness in charge of aircrafts particularly during time of crisis. Rs.300 Crore Citibank Fraud Mr. Shivraj Puri, a representative of Gurgoan branch had guided of cash from 40 high networth financial specialists (HNI) adding up to Rs 400 crore. Mr.

Edgar Allan Poes Tell Tale Heart and Sir Arthur Conan Doyles The Adve

Edgar Allan Poe's Tell Tale Heart and Sir Arthur Conan Doyle's The Adventure of the Speckled Band Sir Arthur Conan Doyle and Edgar Allan Poe, the two creators who are prominent for the substance of their accounts, expounded on wrongdoing. However they concocted stories concerning wrongdoing, the two of them composed through alternate points of view. This exposition is going to think about how the characters of the two stories, 'Obvious Heart' composed by Poe, and 'The Experience of the Speckled Band' composed by Doyle, have been depicted contrastingly by their creators just as investigating into the language style of the two stories. The recorded foundations of the two creators have affected the way their accounts are composed. Poe supposedly had an insecure life as his mom kicked the bucket at and early age of three, and after that he was taken into a cultivate home of John Allan. He was taught at the University of Virginia. Later he went through a fight with his temporary dad and left home. He served in the U.S. Armed force under a bogus name, Edgar A. Perry, and inaccurate age and afterward went to West Point from 1830 to 1831 however got himself excused when he understood he could never be accommodated with his temporary dad. He composed Gothic books, which is a kind of fiction, written in response to eighteenth c logic, that recovers puzzle and licenses extraordinary feelings. His third volume of verse brought him neither distinction nor benefit however in 1833 he won a prize for best short story. From 1844, he settled down in New York as a supervisor what not this while he was increasing some notoriety for his short stories, sonnets, audits, and articles, such stories as The Fall of the House of Usher (1839), Murders in the Rue Morgue (1841), and The Gold bug (1843), would later be respect... ...e of the Speckled Band,' it could be seen that they both follow a standard plot, however the creators emphasize on various portions of the plot, for example, the issue or advancement, in various extents, either underlining pretty much on it. For instance, Poe underlines the self-over the top activities and sentiments of the hero in the advancement more than the others, while Doyle underlines more on the issue, which is talked about between the customer and Holmes. In Doyle's accounts there are numerous characters, which are noteworthy in the plot in their own particular manner, for example, Holmes, Watson, the convict and the casualty, while in Poe's accounts the hero is the person in question himself. The language is complex, in the two stories, from their own purpose of perspectives, but since of Holmes' sensible thinking behind everything and Poe's self-over the top activities, it doesn't appear to be so.

How Childhood Abuse Changes the Brain

How Childhood Abuse Changes the Brain Relationships Violence and Abuse Print How Childhood Abuse Changes the Brain By Leonard Holmes Medically reviewed by Medically reviewed by Daniel B. Block, MD on November 17, 2019 twitter linkedin Daniel B. Block, MD, is an award-winning, board-certified psychiatrist who operates a private practice in Pennsylvania. Learn about our Medical Review Board Daniel B. Block, MD Updated on January 29, 2020 Martin Dimitrov / Getty Images More in Relationships Violence and Abuse Spouses & Partners LGBTQ Studies have demonstrated over and over that childhood abuse and neglect results in permanent changes to the developing human brain. These changes in brain structure appear to be significant enough to potentially cause psychological and emotional problems in adulthood, such as psychological disorders and/or substance abuse. MRI Dr. Martin Teicher and his colleagues at McLean Hospital, Harvard Medical School and Northeastern University, used magnetic resonance imaging (MRI) technology to identify measured changes in brain structure among young adults who had experienced childhood abuse or neglect.?? There were clear differences in nine brain regions between those who had suffered childhood trauma and those who had not. The most obvious changes were in the brain regions that help balance emotions and impulses, as well as self-centered thinking. The results indicate that people who have been through childhood abuse or neglect have a higher risk of substance abuse if they go down that path because they have a harder time controlling their urges and making rational decisions due to actual physical changes in their brain development. When people experienced three or more types of abuse (sexual, physical, verbal, neglect), 53 percent suffered from major depression at some point in their lives. Forty percent had post-traumatic stress disorder (PTSD). Brain Structure There are many negative effects of childhood abuse and neglect on how the brain develops. Some of these potential effects are:?? A decrease in the size of the hippocampus, which is important in learning and memoryA decrease in  the size of the corpus callosum; the primary function of the corpus callosum is to integrate cortical functioningâ€"motor, sensory, and cognitive performancesâ€"between the hemispheres.A decrease in the size of the cerebellum, which can affect motor skills and coordinationA decrease in the volume of the prefrontal cortex, which affects behavior, balancing emotions and perceptionToo much activity in the amygdala, which is responsible for processing emotions and determining reactions to potentially stressful or dangerous situationsDysfunction at different levels of the hypothalamic-pituitary-adrenal (HPA) axis Behavior, Emotions, and Social Function Because childhood abuse, neglect and trauma change  brain structure and chemical function, maltreatment can also affect the way children behave, regulate emotion and function socially. These potential effects include: Feeling fearful most or all of the timeBeing constantly on alert and unable to relax, no matter the situationA tendency to develop depression or an anxiety disorderLearning deficitsNot hitting developmental milestones in a timely fashionA weakened ability to process positive feedbackFinding social situations more challenging Other Factors of Maltreatment How childhood abuse or neglect affects an adult depends also on how often the abuse occurred; what age the child was during the abuse; who the abuser was; whether or not the child had a dependable, loving adult in her life as well; how long the abuse lasted; if there were any interventions in the abuse; the kind and severity of the abuse; and other individual factors.

College Tuition Is Too Expensive - 770 Words

College Tuition Is Too Expensive There are many colleges around the world and most people like to attend one. Students study hard and try their best just so they can get an acceptance letter from their dream college. However, college tuition is not that affordable; college tuition is increasing in price every single year while the yearly salary of a father stays the same or barely increases. College tuition should be affordable to everyone regardless of his or her family status and position. Students should be able to attend a college without being in a debt consisting of thousands of dollars. There are scholarships, grants and financial aid available but that does not help everyone. A middle class family cannot fully afford a child going to a 4-year college and make a living, which is comfortably in residence. A change in college tuition is definitely required for American students and the students around the world to have a better education at low cost. The cost of out of state college is almost 40% more than an in state college. Thou some families make enough money that they won’t need financial aids and grants for their children’s to go to college but the amount of families is really low compared to the families who can only rely on financial aids for their children’s to go to a decent college and get an education. Fathers and Mothers work hard to earn the money and many students do not want their parents spending that much money to get an education. That statementShow MoreRelatedAdvantages Of College Tuition1693 Words   |  7 Pagesattending college. The main argument that we have is whether college tuition is too expensive or not. Over the last few decades the college tuition rates have increased drastically, but is a rate increase necessarily a good or bad thing. I personally believe that the cost to attend college is too expensive especially for low and middle-income families. There are many reasons why tuition could be considered too expensive they include, rise of tuition, little financial aid, and lack of college savingsRead MoreDecrease The Cost. ​Now That A College Education Is No1491 Words   |  6 Pages Decrease the Cost ​Now that a college education is no longer an option, but it’s rather vital, parents and students all across the nation fear to pay tuition every year. Over the past few decades the cost of tuition has increased by 137.2 percent. That is going from 13 thousand dollars a school year to 31 thousand dollars a school year. This 137.2 percent increase just goes to show you that tuition is way too high and has been substantially increasing over the past fifty decades. These increasesRead MoreCollege Tuition Should Be Regulated915 Words   |  4 PagesAs a freshman college student I believe that college tuition is much higher compared to what it used to be. One reason why it continues to increase is mainly because of the significant amount of loans that are borrowed by college students but are not getting paid back; however, does anyone ever wonder where does the money that is put into colleges go to? College professors are not the reason that college cost so much; in additi on to, the money also goes towards sport teams, scholarships, and constructionRead MorePersuasive Essay1334 Words   |  6 Pagesgoing to college, owing hundreds of dollars in order to get a degree in a profession to become successful and experienced in the real world? Today, as tuition costs increase students are questioning whether college is fit for them or not. For one, college can be really expensive, for example at the University of Minnesota for an undergraduate during the academic year of 2011-2012, the cost for one credit was $448.08 and $5,825 for a total of thirteen or more credits (â€Å"Undergraduate tuition†). A highRead MoreCollege Tuition Should Be Regulated897 Words   |  4 PagesAs a freshman college student, I believe that college tuition is much higher compared to what it used to be. One reason why it continues to increase is mainly because of the significant amount of loans that is being borrowed by college students but is not getting paid back. Howeve r, does anyone ever wonder where does the money put into colleges go to? College professors are not the reason that college cost so much; in addition to, the money also goes towards sport teams, scholarships, and constructionRead MoreThe Cost of Higher Education754 Words   |  3 Pagescases adding more and more debt to their lifestyles. Though majority of students receive financial aid, the amount of debt which tuition builds is beyond stressing. For some students relying on their family can help pay the tab. Still, most students have loans and debts in their own name. So many different things make up our tuition, none being cheap. Now a day’s college is about investing your own money and time in order to receive the best education out there, in the outcome receiving the job ofRead MoreMoney For The Future : College955 Words   |  4 Pageseducation, especially higher education like college, is a privilege. Everyone is entitled to an education, but what is holding a lot of students back is their financial situation. The cost of college education is getting out of hand; its prices are alarming, leaving students with little ways to pay for it, in the dust. The unfortunate reality of students dealing with debt is a fear-mongering tactic used so that students sike themselves out and never attend college. This harsh reality applies to many studentsRead MoreCollege Education Essay1364 Words   |  6 PagesIs College Still Worth it ? Since their childrens infancy parents have always encouraged their children to go to college and become a professional. But in this new age economic crisis, is college really worth it? Tuition costs are rising to a criminally high price has everyone arguing. Is college really a good investment? Well in a very short way, yes it is. An investment that makes you 500,000 to a million dollar lifetime payout is uncomparable. In the end, today an average college graduate willRead MoreShould College Tuition Be Paid?981 Words   |  4 PagesTuition fees have always been a complaint to people who are paying and attending college, most say it is too expensive, some say it should be free. Is that a good way to go? Making college something that anyone could attend? Some say that free college would allow students that are less fortunate, wealth wise, to attend college and have hope for a better future. College plays a very important role in the economy and in my opinion, I certainly believe that college tuition is there for certain reasonsRead MoreCost Benefits of Attending College1082 Words   |  5 PagesCollege is one of the better investments a person can make to enhance their life. Attending college sets you in the right direction to become a successful individual in the future. Yes, college takes time, and a great deal of money, but in the end it is all worth it. People who graduate from college are more likely to obtain a high end paying job than a person with just a high school education. The cost of attending college may be expensive, but, the outcome of it all is worth the wait. The most

Are Sharks as Dangerous, as People Consider Them to Be

Are Sharks as Dangerous, as People Consider Them to Be? Among the richness of the animal world and the exciting images it offers fishes have never arrested too great an attention of human beings. Though, there are a lot of books, films and other media on virtually any kind of mammals, birds or lizards. There is hardly anything to be found being dedicated to fishes. With one exception, nevertheless. The exception is sharks, especially – the great white shark or Carcharodon Carcharias. It is hard to imagine some other predator that inspires so much terror and disgust in humans, along with a kind of morbid fascination. The very image of its triangular fin gliding above the water imposes a kind of primeval terror upon people, being the embodiment of the ancient fear of being devoured alive by something alien and unfamiliar, coming from the uncharted depths of the sea. However, most of this fear may easily be tracked down to much more contemporary times, than some kind of genetic memory. We speak, of course, about a bestselling Peter Benchley’s novel Jaws and its many film adaptations, spin-offs and imitations. The book about white sharks attacking, maiming and eating humans turned out to be a great success and actually created the image of a shark as a man-eater in the mass culture. The facts, however, testify rather differently. Although there was a number of documented shark attacks on people, their number is far less than one could have supposed taking their reputation into account, with only a small percentage of them being fatal. It seems that white sharks don’t like the taste of human flesh, or at least find it unfamiliar. As their only way of interacting with the outer world is biting, they often test-bite unfamiliar objects, including humans, but generally leave them alone afterwards, discovering that they are very unlike their usual food.

The Hunters Phantom Chapter 35 Free Essays

string(62) " the phantom transformed its parts from solid to airy shapes\." Elena leaped backward as the phantom caught fire. She was so close that the heat of the flames burned her cheeks, and she could smel her own hair smoking. Shielding her face with her hands, she eased her way forward as silently and sneakily as she could, closer and closer to the phantom. We will write a custom essay sample on The Hunters: Phantom Chapter 35 or any similar topic only for you Order Now Her legs shook, but she wil ed them stil and steady. She was consciously not letting herself look at or think about Stefan’s body crumpled on the floor of the garage, in the same way she had kept herself from looking at Damon and Stefan’s fight when she needed to think. Suddenly a burst of flames shot into the air, and for one dazzling second, Elena dared to hope that Damon had done it. The phantom was burning. Surely no creature of ice could withstand that. But then she realized that the phantom was not only burning. She was also laughing. â€Å"You fool,† the phantom said to Damon, in a soft and almost tender voice. â€Å"You think fire can hurt me? Jealousy can burn hotter than fire as wel as colder than ice. You of al people should know that, Damon.† She laughed her strange clinking laugh. â€Å"I can feel the jealousy, the anger that burns in you al the time, Damon, and it burns so hot I can smel the hatred and despair that live in you, and your little petty hurts and rages are meat and drink to me. You clutch them to you and pore over them like treasure. You may have succeeded in casting out a tiny piece of the multitudes of hurts that burden you, but you’l never be free of me.† Around the phantom’s feet, tiny blue lines of flame ignited and spread quickly across the floor of the garage. Elena watched in horror: Were these burning traces of oil left by Mrs. Flowers’s ancient car? Or was it simply the phantom’s maliciousness made solid, spreading fire among them? It didn’t real y matter. What mattered was that the garage was on fire, and while the phantom might be impervious to the flames, the rest of them weren’t. Smoke fil ed the musty space, and Elena and her friends began to cough. She covered her nose and mouth with her hand. Streaking past Elena, Damon snarled and leaped for the phantom’s throat. Even in their current dire situation, Elena couldn’t help admiring Damon’s speed and grace. He col ided with the phantom and knocked it to the floor, then recoiled, protecting his face with his leather-clad arm. Fire, Elena remembered with a frisson of terror. Fire is one of the few things that can kill a vampire. Her eyes watered from the smoke, but she forced them to stay open as she moved closer, circling around behind the phantom, who was back on its feet. She could hear her friends shouting, but she concentrated on the fight. The phantom was moving more awkwardly than it had been earlier, and did not immediately attack Damon. Through the flames, Elena could see that thick greenish fluid was stil trickling down its solid torso from the wound Meredith had given it. Where the liquid touched the flames, they flickered with a greenish blue tint. Damon lunged for the phantom again, and it flung him off with a shrug. Snarling, they circled each other warily. Elena skittered around behind them, trying to stay out of Damon’s way, trying to see how she could help. A crackling from across the room distracted Elena for a second, and she glanced back to see fire climbing the far wal , reaching for the wooden shelves set around the room. She missed seeing what exactly happened next, but suddenly Damon was skidding across the floor on his back, an angry red burn glowing on his cheek. He was up again in a second and prowling back toward the phantom, but his eyes had a slightly wild glint to them that made Elena nervous. Even injured, the phantom was stronger than Damon, and, after his long fight with Stefan, Damon’s reserves must be waning. He was growing reckless. Elena gathered her courage and moved closer to the phantom again, as close to the flames as she could stand. The phantom glanced back at her for a second and then away, focusing on the stronger threat. It sprang forward to meet Damon, its fiery arms spread wide and a savagely joyous smile on its face. And suddenly Meredith was there beside Damon. She looked solemn and pale as a young martyr, her lips tight and her eyes wary, but she moved as fast as lightning. Her stave sliced through the air almost too quickly to see, leaving another long cut across the phantom’s stomach. The phantom howled, and the flames on its torso hissed as more greenish fluid gushed from the wound. But the phantom remained upright. It snarled and reached for Meredith, who danced rapidly backward, just out of range. Meredith and Damon exchanged a wordless look and moved to flank the phantom, one on either side, so that it couldn’t watch both of them at once. Damon cuffed Jealousy, a short, intense blow, and pul ed back a reddish, blistering hand. Meredith swung her stave again, nearly catching the phantom on the arm but instead cleaving only a wisp of smoke. There was a crash as a burning shelf col apsed onto the floor. The smoke grew thicker. Away from the fight, Elena could hear Bonnie and Matt coughing. Elena moved closer stil , again coming toward the phantom from behind, safely out of Meredith and Damon’s way. The phantom’s heat was like a bonfire. Meredith and Damon were moving in tandem now, as smoothly as if they had rehearsed, dancing in and back, sometimes catching the phantom with a blow, more often passing through a curl of smoke or mist as the phantom transformed its parts from solid to airy shapes. You read "The Hunters: Phantom Chapter 35" in category "Essay examples" A voice rang out. â€Å"Impera te desistere.† Mrs. Flowers leaned against the supporting arms of Matt and Alaric. But her eyes were clear and her voice was steady. Power crackled in the air around her. The phantom slowed only slightly in its fight, perhaps no more than a half second behind in its thrusts and transformations. But this was enough to make at least a little difference. More of Damon’s and Meredith’s blows landed, and they were able to dodge a few more of the phantom’s. Was it enough, though? The phantom flinched when a punch hit home, and it bled horrible green goo where the stave cut it, but it was stil steady on its feet as Meredith and Damon hacked and choked in the smoke and stumbled away from the flames. The rose in Jealousy’s chest pulsed a steady dark red. Elena exhaled in frustration and immediately began to cough again. The phantom wasn’t staying in one place long enough for Elena to get a good shot at grabbing the rose-heart. Meredith sliced at it with her fighting stave, and this time the stave slid through smoke, and the phantom grabbed the stave in one hand, swinging Meredith toward Damon. Col iding, they both fel heavily to the ground, and the phantom, stil slightly hobbled by Mrs. Flowers’s spel , strained toward them. â€Å"I’ve envied Meredith for her brains!† shouted Bonnie. Her face was smudged with smoke and tears, and she looked incredibly smal and fragile, but she was standing straight-backed and proud, yel ing at the top of her lungs. â€Å"I know I’l never be as good at school as she is, but that’s okay. I cast my jealousy out!† The phantom’s rose dimmed to a dark pink for a moment, and it staggered ever so slightly. It glanced at Bonnie and hissed. It was only a tiny pause in the phantom’s advance, but it was enough for Damon to spring to his feet. He stepped in front of Meredith, shielding her as she clambered up. Without even looking at each other, Meredith and Damon began circling in opposite directions again. â€Å"I’ve been jealous that my friends have more money than I do!† Matt shouted, â€Å"but I cast the jealousy out!† â€Å"I envy the way Alaric truly believed in something unproven, and turned out to be right!† Celia yel ed. â€Å"But I cast it out!† â€Å"I’ve envied Elena’s clothes!† Bonnie cried. â€Å"I’m too short to look good in lots of things! But I cast that out!† Damon kicked at the phantom, pul ing his smoldering leg back quickly. Meredith swung her stave. Mrs. Flowers chanted in Latin, and Alaric joined her, his low voice in counterpoint to hers, reinforcing her spel . Bonnie, Celia, and Matt kept shouting: dredging up smal jealousies and hurts that they were probably usual y hardly aware of, casting them out to pepper the phantom with tiny blows. And for the first time, the phantom looked†¦ baffled. It swung its head slowly from one to another of its opponents: Damon stalking toward it, fists raised; Meredith, her stave swinging surely as she watched the phantom with a cool and considering gaze; Alaric and Mrs. Flowers reciting strings of Latin words, hands lifted; Bonnie, Matt, and Celia shouting confessions as if they were throwing rocks at it. Jealousy’s glassy eyes passed over Elena without real y seeming to notice her: Standing stil and quiet among the entire hubbub, she was not a threat. This was the best chance Elena was going to get. She nerved herself to move forward, then froze as the phantom turned toward her. Then, miraculously, Stefan was there. He grappled at the phantom’s back, throwing one arm around its neck as the flames licked at him. His shirt caught fire. The phantom, briefly, was pul ed backward past Elena, its torso toward her, unprotected. Without hesitation, Elena plunged her hand into the fire. For a moment, she barely felt the flames, just a gentle, almost cool touch against her hand as the flames flickered around her. Not so bad, she had a moment to think, and then she felt the pain. It was pure and agonizing, and dark fireworks of shock went off behind her eyes. She had to fight to overcome the almost irresistible instinct to pul her hand back out of the fire. Instead, she groped at the phantom’s torso, searching for the cut Meredith had made just above its rose. It was slippery and smooth, and her hand fumbled. Where is it? Where is it? Damon had thrown himself into the flames alongside Stefan, yanking at the phantom’s arms and neck, keeping its torso clear for Elena, preventing the phantom from ripping free and throwing her across the room. Meredith beat at Jealousy’s side with her stave. Behind her, her friends’ voices rose in a babble of confessions and spel s as they did their part to keep the phantom off balance and disoriented. At last Elena’s hand found the cut and she pushed inside. It was icy cold in the phantom’s chest, and Elena yelped at the contrast – the cold was excruciating after the heat, and the flames stil licked at her wrist and arm. The freezing liquid inside the phantom’s chest was so thick, it was like feeling through gelatin. Elena shoved and reached, and the phantom screamed with pain. It was a horrible sound and, despite al that the phantom had done to her and her friends, Elena could not help flinching in sympathy. A moment later, Elena’s hand closed on the rose’s stem and a thousand thorns pierced her burned flesh. Ignoring the pain, she pul ed the rose out of the freezing liquid, out of the fire, and staggered backward, away from the phantom. She didn’t know what she’d expected to happen, exactly. For the phantom to melt like the Wicked Witch of the West, perhaps, leaving nothing but a puddle of vile greenish water. Instead, the phantom stared at her, its mouth open, its pointed, shining teeth on ful display. The tear in its chest had expanded, and fluid oozed rapidly, like an untended faucet. The flames burned low and green where the liquid tracked down its body and dripped to the floor. â€Å"Give it to me,† Stefan said, appearing at Elena’s side. He took the rose from her hand and ripped at its petals, now fading to a lighter pink, and scattered the petals into the fire burning up the sides of the garage. The phantom watched with a stunned expression, and gradual y its blazing fire thinned to smoke, its solid form slowly vaporizing. For a moment, a smoky, malevolent image hung in the air before them, its eyes fixed sul enly upon Elena. And then it was gone. How to cite The Hunters: Phantom Chapter 35, Essay examples

Professionals Responsibility for Fraud Detection

Question: Discuss about the Professionals Responsibility for Fraud Detection. Answer: Introduction: Auditing refers to the process of examining and verifying the various financial business accounts of an organization or a business. Auditing is a vast area that needs some specific steps to complete (Glover, Prawitt and Messier 2014). The most important and the first step in audit process is Audit Planning. Audit planning is the process to develop the strategies for conducting the audit and to identify the main and crucial audit issues. In this step it needs to be ensured that that appropriate attention is given to the most important areas; the potential and crucial problematic areas are properly identified and there is enough coordination for the audit process. On a more precise note, it is the step where the audit issues are identified that needs to be addressed in the documents of audit planning and the nature, timing and extent of audit are determined (DeZoort, Harrison and Schnee 2012). Based on the given three case studies, the crucial audit issues are identified below: As per the given scenario, City Ltd is a major property developer in Brisbanes central business district. However, it has been seen that the commercial property sector is not going well due to a massive downturn in this particular business sector. On the other hand, there is an abundance of office spaces of the city. For these two major reasons, no buyers are secured to buy the any property in that particular area. This reason contributes to business losses for City Ltd as the company is not able to develop or sale any kind of properties. Two major audit issues need to be addressed in the audit document. The first issue is to find out the reason for the downturn in that particular business sector. The second major issue is to find out the reasons that lead to the abundance of the city office spaces in Brisbanes central business district. According to this cases study, Web Ltd. is a business organization that has purchased new computer software. There are certain reasons behind the purchase of this computer software as the new software will provide more reliable and effective information to the organization so that the quality of the management reporting can be improved. In this regard, the main audit issue is to find out the efficiency of the new installed computer software. For this purpose, the new software need to be run through a trial so that it can be identified that whether the software is able to provide the essential information or not. On the other hand, the running and maintain expenses are another audit issues that need to be addressed. All these expenses need to be in the budget of the company. These are the two major audit issues in this regard (Kim, Nicolaou and Vasarhelyi 2013). As per the given scenario, Beauty Pty Ltd. has established a overseas branch and the inventories have been transferred to this branch so that lead time can be reduced. In this process, there are some major audits issues are there. First of all, it is needed to be made sure that the establishment of the overseas outlet will be profitable for the company. After that it needs to be taken into consideration that whether the decision of transferring the inventories will contribute to the minimization of lead time or not. The next audit issue is to find out that wheatear it is a wise decision to distribute the free samples of the products of the company as a part of marketing strategy. These audit issues need to be addressed. Two types of audit approaches can be seen; they are Test of Control Approach and Substantive Approach. The deciding factors about the selection of one of these approaches are discussed below: Test of Control Approach: Test of control approach is adopted in order to test the internal control system of the audited firm. On a more precise note, test of control approach is the test of the control procedure used by the audit client in order to prevent or detect material misstatement from the financial statement of the business organization (Grimm and White 2014). There are four kinds of audit procedures that are used in the test of control approach; they are Observation, Inquiries, Inspection and Reperformance. In the reperformance process, the auditors may start a new transaction in order to test the control approach adopted by the client and to measure the effectiveness of that approach. In the observation process, the auditors of the business may observe any business action process to test the control of the procedure. In the inspection process, the auditors examine and verify different business document for the approval signature, stamps, checkmarks and others. Overall, it can be said that test of control approach is adopted by the auditors to test the processes or procedures carried out by the audit client. Substantive Approach: The auditors adopt substantive approach in order to detect the possible material misstatement in the different financial report of the audited organization. In the process of substantive approach of audit, the auditors make it sure that the figures in the financial report of company are true; and they match those figures with the source documents of those transactions (Seidel 2014). There are various kinds of financial reports like income statement of the company, balance sheet and others. It needs to be remembered that the auditors do not test the entire financial document in the substantive approach; they take some samples based on the risk and judgment and they audit those documents. In case the internal control of a company is effective, the auditors will use less substantive method of audit. However, the auditors will use more substantive methods of audit, if the internal controls are less effective. As per the above case study, three kinds of risks are there; they are Inherent Risk, Control Risk and Detection Risk. Inherent risks refer to the errors and omissions in the financial reports that arise due to the failure in the control process of the company. Control risks refer to the material misstatement in the financial reports of the company. Lastly, detection risks are the risks which can be detected in the near future. The audit approaches are adopted based on these three kinds of risks. Substantive approach will be adopted in case of the control risks as material misstatements are there. Test of control approach will be applied in case of the inherent risk as these risks arise due to the ineffectiveness of internal control of the organization (Reason 2016). In case of the accuracy and completeness of depreciation expenses, test of control will be the optimal approach that can be adopted. There are certain reasons behind this statement. Setting up the method of depreciation is the internal control process of the company. On the other hand, maintaining the expenses of depreciation is also the internal control matter of the company. Hence, it is optimal to adopt the test of control for depreciation. However, at the time of preparing the annual report, substantive approach can be adopted at a minimum level to verify the source and figures of the depreciation expenses (Lee 2016). Accounting is the process of collecting, recording, processing and storing different kinds of financial data and information from the daily activities of the organization so that they can used for the purpose of the preparation of the financial reports of the company (Kaplan and Atkinson 2015). These accounting data and information also help the senior management of the organization in the decision making process. On the other hand, auditing refers to the process of examination and verification of those accounting as well as financial data so that the financial report of the company can reflect the true financial image of the company. It is necessary that the annual report of any organization include the true and relative financial information about the company as the investment decision of the investors wholly depends on the annual report. Thus, from the above discussion, it can be understood that there is a deep connection between the accounting system and the auditing as for the s uccessful completion the audit process of a company, the effective communication of the relevant accounting information is utmost important. In this regard, it can be said that accounting and auditing are the two sides of the same coin. At the time of conducting the audit process, it is desired that the internal as well as the external auditors are provided with the necessary relevant data and information for the ease of their work. This can only be possible by the effective communication of the accounting information. For this purpose, organizations are fond of establishing effective as well as efficient accounting information system so that there is the proper flow of accounting and financial information to the auditors. The role of the accounting information system is to collect necessary information from the various activities of the organization. After that these information is processed so that they can be used to the decision making process of the organization and the audit process. Lastly, they are stored in a safe place so that they can be used for further references. At the time of the audit information, the auditors need different kinds of data and information related to sales, purchase, inventory, debtors, creditors, receivables, payables and many others. With the help of the proper communication of accounting information, the auditors can verify the source of each figure in the financial reports and the accounting information system helps to deliver the necessary information to the auditors (Hall 2012). The audited financial report in the presence of all relevant and necessary accounting and financial information reflects the true financial position of the company. On the contrary, the mis communication of the accounting information to the auditors can lead to the preparation of the audited report that does not reflect the true financial position of the organization. This is the reason it is desired that there is a proper communication of financial and accounting information in the organization so that the internal as well as the external auditors can be helpful from that (Lobo and Zhao 2013). Hence, it can be concluded that there is a connection between auditing and the communication of accounting information. References DeZoort, F.T., Harrison, P.D. and Schnee, E.J., 2012. Tax Professionals' Responsibility for Fraud Detection: The Effects of Engagement Type and Audit Status.Accounting Horizons,26(2), pp.289-306. Glover, S.M., Prawitt, D.F. and Messier, W.F., 2014.Auditing assurance services: a systematic approach. McGraw-Hill Education. Grimm, S.D. and White, S.W., 2014. A Simulation Study of the Influence of PCAOB Regulatory Guidance on the Internal Control Audit Process: An Analysis of Relationships, Risk and Information Sharing.Research on Professional Responsibility and Ethics in Accounting (Research on Professional Responsibility and Ethics in Accounting, Volume 18) Emerald Group Publishing Limited,18, pp.33-67. Hall, J.A., 2012.Accounting information systems. Cengage Learning. Kaplan, R.S. and Atkinson, A.A., 2015.Advanced management accounting. PHI Learning. Kim, J., Nicolaou, A.I. and Vasarhelyi, M.A., 2013. The Impact of Enterprise Resource Planning (ERP) Systems on the Audit Report Lag.Journal of Emerging Technologies in Accounting,10(1), pp.63-88. Lee, J.E., 2016. Internal control deficiencies and audit pricing: evidence from initial public offerings.Accounting Finance. Lobo, G.J. and Zhao, Y., 2013. Relation between audit effort and financial report misstatements: Evidence from quarterly and annual restatements.The Accounting Review,88(4), pp.1385-1412. Reason, J., 2016.Managing the risks of organizational accidents. Routledge. Seidel, T., 2014.The Effective Use of the Audit Risk Model at the Account Level. UNIVERSITY OF ARKANSAS.