Audit Quality Assessment-Free-Samples for Students-Myassignment

Questions: 1.Identify and Discuss what you Consider are the key elements that can Impact audit quality. 2.How is Audit Quality Assessed? 3.What recommendations can be Implemented in order to enhance the Quality of an Audit? Answers: Introduction In todays business environment, Auditing is considered as one of the major aspects. Auditing refers to the process of conducting official financial inspections of the financial and accounting statements of the business organizations (Arens, Elder and Mark 2012). More specifically, auditing is the process of examining the financial statements of the companies in order to make sure that they are free from any kind of material misstatements. Thus, it is required for every business organizations to have their financial statements audited (William Jr, Glover and Prawitt 2016). Most importantly, it is the responsibility of the auditors to maintain the quality of their audit program at the time of audit assessment. It can be seen that external accounting professionals are appointed for assessing the quality of audit operations. Hence, maintaining audit quality is important for the auditors. It needs to be mentioned that there are some major factors that have impacts on the audit quality (Lo uwers et al. 2015). At the same time, it is required to follow a certain procedure at the time of audit quality assessment. Thus, the main aim of this report is to analyze and evaluate various aspects of audit quality assessment. The following part of the report discusses various aspects of audit quality and audit quality assessment. 1.Key Elements that has Impact on Audit Quality According to the above discussion, there are certain factors that have impact on the audit quality. Thus, it is required for the auditors to consider all the factors. The major factors having impact on audit quality are discussed below: The first factor is Internal Control. Internal control provides necessary assurance to the auditors for the achievements of audit objectives. For this reason, the auditors need to consider the internal control of the companies at the time of audit operation, as the weaknesses of internal control are subjects to be investigated (ijbssnet.com 2017). Thus, the effectiveness of internal control has impact on audit quality. The next crucial factor is the Size of Audit Firms. Due to the difficulties in the measurement of audit quality, many researchers consider the size of audit firm as a major factor having impact on the audit quality. It has been seen that large audit firms use more powerful tests for assessing the audit quality. As a result of this, large audit firms are assumed to be involved with more specific audit information as compared to the small firms. The next factor is Fees of the Auditors. Many researcher consider that there is a relationship between audit quality and audito rs fees (Knechel et al. 2012). The audit services are considered as quality-differentiated in the competitive market and the quality differentiated are reflected in audit fees. For this reason, the companies are willing to pay higher amount of fees in order to get higher audit quality. The next important factor is Auditors Independence. Independent audit committee helps in the enhancement of external auditors independence and it makes sure that the auditors are free from any kind of managerial influence. Thus, auditors independence is considered as the heart of integrated audit process thus, auditors are able to provide high quality of audit by complying with the principles of auditors independence (Gruen et al. 2012). The next important factor is Reputation of the Auditors. It needs to be mentioned that the reputation of the auditors has direct relationship with the audit quality of the businesses. According to the investors, audit firms having high reputation are able to provide high quality of audit, as they are able to extract the crucial information for auditing. It is considered that companies build reputations by providing high quality of audit services. The next crucial factor is Industry Specialization. It needs to be mentioned that there is a major relation between audit quality and specialization of industry. It has been observed that there are fundamental differences in the characteristics of error detection methods for different industries. For this reason, auditors having expertise in specific industry will be able to provide quality audit services to the companies. For this reason, it is considered as an important factor. The next important factor is Quality and Proficiency of the Au ditors. The main aim of audit operation is to make sure that the financial statements of the companies are free from any kind of material misstatement. In the audit process, the auditors have to conduct different processes like development of audit plan, development of audit workforce plan and others. For this reason, the auditors need to have specific knowledge in various audit factors. Thus, the auditors having high qualification and knowledge will be able to provide quality audit work. Thus, from the above discussion, it can be seen there are many factors that have impacts on the audit quality of the companies. For this reason, it is the duty of the auditors to take into consideration all these above-mentioned factors of audit quality. 2.Audit Quality Assessment Process Audit Quality Assessment refers to the process of the evaluation of audit program of the companies. Thus, it is necessary for the business organizations to conduct the audit quality assessment. Audit quality assessment can be seen for both internal audit and external audit. The audit quality assessment of both internal and external audit is discussed below: Internal Audit Quality Assessment Some specific stages can be seen in the process of the quality assessment of internal audit. The first step is Internal Assessment. This is considered as one of the major factors for the assessment of audit quality. In this process, certain steps need to be followed for assessing the audit quality; they are planning for engagement, supervision, standardize the working processes, procedures for paperwork, review of reports and others. Most importantly, this particular process helps in the identification of the major strengths and weaknesses of the internal control system. In this process, the auditors of the companies have to comply with the principles and standards of Code of Ethics (theiia.org 2017). The second process is Ongoing Monitoring. Ongoing monitoring of performance is considered as another major process for assessing the quality of audit. Certain processes support the ongoing monitoring processes of internal audit. First, it is required to establish the foundation of inter nal audit activity. Second, it is required to have routine practice for assessing the internal audit quality like supervisory review, approval of work and others. In this aspect, it is required to adequate supervision as it is considered as the most fundamental and important aspect for assessing the quality of internal audit. Another important process under ongoing monitoring is the development of Key performance indicators (KPI) (Gavin et al. 2012). KPIs help the investors and shareholders in providing valuable insight into the internal audit process of the organizations. The next process is Periodic Self-Assessment. This particular process helps in ensuring the fact that the internal audit is complied with all audit standards, code of ethics and regulatory requirements. There are several techniques under periodic self-assessment for assessing the internal audit quality. One of the major techniques under this is survey guide that helps in the monitoring of stakeholders input in the audit process. In this aspect, it is required to mention the fact that in both of the processes, it is required to develop effective audit team for assessing the audit quality. These are the major processes for assessing the internal audit quality. External Audit Quality Assessment In case of quality assessment of external audit, the process of different from internal audit. There are four stages in the assessment of external audit quality. The first step is Planning. In this process, the scope and objectives of quality assessment is set for quality assessment. This process also includes the development of quality assessment team. In addition, the review of workplace is also done in this step. The second step is Off-Site Work. In this process, the review of planning document is done. After that, all the necessary documents are also reviewed for audit quality assessment. Lastly, all the survey responses are reviewed. The next step is On-Site Work (theiia.org 2017). This is a major step in the process of audit quality assessment. In this step, the interviews of clients, staffs and stakeholders are done for audit quality assessment. After that, review of all the documents is done on a thorough basis so that they can be summarized. Lastly in this stage, discusses i s done among the assessment team members. This is a crucial stage as the assessment team taken important decisions regarding quality assessment of external audit system. The next step is Evaluation and Development of Report. In this step, the evaluation of external audit process is done against the resources of the companies in order to measure the effectiveness of external audit (Asthana and Boone 2012). After that, all the issues of external audit is summarized so that effective recommendations can be made. Lastly, the draft report needs to be issued. Thus, based on the above discussion, it can be seen that the above-discussed steps are required for the assessment of external audit process of the companies. Hence, the above discussion shows that the quality assessment process of internal audit and external audit is different. 3.Recommendations to Enhance Audit Quality There are certain ways for enhancing the quality of an audit. Some of those major techniques are discussed below. It is recommended that there needs to be effective leadership in the audit process. It is the responsibility of senior auditors to ensure the fact that the auditing staffs have access to all the necessary resources as well as time to solve different audit engagement issues (aicpa.org 2017). In addition, the senior auditors are required to communicate audit code of conducts with the audit staffs on a regular basis. After that, the quality of audit will be enhanced in case the auditors perform sufficient background check of the audit clients before engagement of any audit operation (journalofaccountancy.com 2017). It is highly recommended that the companies need to hire highly knowledgeable audit experts so that quality audit can be performed for the companies. There is a requirement of effective training and education facilities for the auditing staffs; the main aim of this training and development program is to increase the competency on the auditing staffs (Deng et al. 2014). Next, it is recommended for the establishment of quality control department, as it will help to retrain the quality of audit processes in the organizations. Some of the major benefits of having quality control department are the development of accounting and auditing guidance; provide technical consultation; development of assurance policies and others. It is recommended to the auditors that they should streamline their different audit processes (njcpa.org 2017). In this process, it needs to be ensured that all the auditing staffs are engaged with the audit program. Apart from this, it is also recommended that the auditors are required to increase their industry specialization so that they can conduct audit operations in the companies of all industries. Thus, the above are the key recommendations for enhancing the quality of an audit. Conclusion The main aim of this study is to analyze and evaluate various aspects of audit quality in the business organizations. Based on the above discussion, it can be seen that certain factors have major effects on the audit quality of the companies. Some of those major aspects are internal control, size of the audit firms, fees of the auditors, independence of the auditors, auditors reputations, specialization of industry and quality of the auditors. The above discussion also shows the fact that certain processes or steps are followed at the time of assessing the quality of audit in the companies. However, the audit quality assessment process of internal audit and external audit are different from each other; but the main aim of audit quality assessment to analyze and evaluate the performance of audit process. According to the above study, it can also be seen that the quality of audit can be enhanced with the help of certain techniques; some of them are effective audit leadership, sufficien t background check, hiring of knowledgeable experts, training and development program and others. Thus, based on the whole discussion, it can be concluded that assessment and maintenance of audit quality is an important duty for the auditors References Aicpa.org. (2017). [online] Available at: https://www.aicpa.org/InterestAreas/PeerReview/DownloadableDocuments/EAQ-Hlt-Rpt.pdf [Accessed 9 Nov. 2017]. Arens, A.A., Elder, R.J. and Mark, B., 2012.Auditing and assurance services: an integrated approach. Boston: Prentice Hall. Asthana, S.C. and Boone, J.P., 2012. Abnormal audit fee and audit quality.Auditing: A Journal of Practice Theory,31(3), pp.1-22. CPAs, N. (2017).9 Strategies to Increase Audit Quality. [online] Njcpa.org. Available at: https://njcpa.org/stay-informed/topics/article/2017/01/06/9-strategies-to-increase-audit-quality [Accessed 9 Nov. 2017]. Deng, M., Lu, T., Simunic, D.A. and Ye, M., 2014. Do joint audits improve or impair audit quality?.Journal of Accounting Research,52(5), pp.1029-1060. Gavin, D.R., Valori, R.M., Anderson, J.T., Donnelly, M.T., Williams, J.G. and Swarbrick, E.T., 2012. The national colonoscopy audit: a nationwide assessment of the quality and safety of colonoscopy in the UK.Gut, pp.gutjnl-2011. Gruen, R.L., Gabbe, B.J., Stelfox, H.T. and Cameron, P.A., 2012. Indicators of the quality of trauma care and the performance of trauma systems.British Journal of Surgery,99(S1), pp.97-104. Ijbssnet.com. (2017). [online] Available at: https://www.ijbssnet.com/journals/Vol_4_No_11_September_2013/20.pdf [Accessed 9 Nov. 2017]. Journal of Accountancy. (2015).AICPA releases 6-point plan to enhance audit quality. [online] Available at: https://www.journalofaccountancy.com/news/2015/may/aicpa-plan-enhance-audit-quality-201512303.html [Accessed 9 Nov. 2017]. Knechel, W.R., Krishnan, G.V., Pevzner, M., Shefchik, L.B. and Velury, U.K., 2012. Audit quality: Insights from the academic literature.Auditing: A Journal of Practice Theory,32(sp1), pp.385-421. Louwers, T.J., Ramsay, R.J., Sinason, D.H., Strawser, J.R. and Thibodeau, J.C., 2015.Auditing assurance services. McGraw-Hill Education. Na.theiia.org. (2017). [online] Available at: https://na.theiia.org/services/quality/Public_Documents/Quality-Assessment-Manual-Chapter-3.pdf [Accessed 9 Nov. 2017]. Na.theiia.org. (2017). [online] Available at: https://na.theiia.org/services/quality/Public_Documents/Quality-Assessment-Manual-Chapter-4.pdf [Accessed 9 Nov. 2017]. William Jr, M., Glover, S. and Prawitt, D., 2016.Auditing and assurance services: A systematic approach. McGraw-Hill Education.

Dulce Et Decorum Est Essay Introduction Example For Students

Dulce Et Decorum Est Essay Introduction Wilfred Owen chose the title Dulce et Decorum Est to disapprove its lie and reveal the sarcasm and irony. Calling the readers my friend, Owen discourages the childrens beliefs in the old lie. Experiencing the devastation of war, Owen got inspired by the intense feelings and emotions to write it out. As a former teacher Owen was completely terrified when he saw the terrible things happening to his young comrades, no different to the children Owen once taught. His use of rhymes, vivid language and imagery phrases point out his expression. The poem describes the fatigue, blindness, death, sufferings, and horrors of war. It shows the everlasting painful conditions of a soldier bent double, trudging through mud with bloody feet and blind eyes, cautious to every second, aware of the death beyond death. Moreover worse, ill with fatal wounds and poisoned lungs. This poem gives a big lead to criticisms to those who would influence war as time for glory. As a poem with an anti-war subject, Owen creates a serious tone with both slow emotional trudging and hasty action. He writes with a battlefield rhythm. This affects the extreme portrayal of war as horrid and dreadful. Owen wanted the reader to take out of the poem the feelings he had placed in it writing. In stanza one Owen wrote with a flowing tone including commas and full stops and separating different lines to make the reader feel it out line by line. It described the daily situation for the soldiers in trenches. For the last stanza Owen used the present continuous tense, omitting full stops to give the sense to the reader that this is happening right now next to them. Finally he added rhyme like any other poem to give it a poetic tone. Starting off with the line, Bent double, like old beggars under sacks, tells us how the glorious uniforms of the proud soldiers turned into dirty, torn up sacks similar to the ones a beggar wear. Line 20, His hanging face like a devils sick of sin, conveys how untruthful it is to die for country this way and that the war is worse than the devil itself. Such lines and similes tell the readers what has become of the soldiers who went to the war and the shameful lack of glory of war, opposite to the fame youths dreamed of. The poems written details of the emotions, thoughts and sights of the soldier may not be as precise for the reader as Owens. On this occasion Owen chose similes to provide enough detail for the reader to deliver the idea and images. His similes are highly connected with his images. Through the images he tried to associate war with other parts of human sufferings that one may know, even a person who has never experienced war. The readers emotional and physical reaction towards this poem will support how effective the authors use of imagery is in this poem. The images drunk with fatigue, and coughing like hags, states that the men are in deep tiredness and sick with cancer. Stanza two was brought in with the yell of gas and panic which are described as an ecstasy of fumbling. Images in the second stanza, Green Sea, and like a man in a fire and lime give the intense color of the scene, green. As it is hard for anyone to imagine the devil, Owen brings in an image in the last stanza that is beyond ones mind to picture, Like a devils sick of sin. This tells how horrible the war must be even for the devil to be tired of the sin All these images clearly defines the war as a not time or place for honor and glory. In stanza four Owen chose words such as incurable, bitter and writhing to give the impossibility of recovery for the damage on the innocent tongues, the poor soldiers with innocence and purity. .ub95b780352ac5e0130a6e3b0aac8355c , .ub95b780352ac5e0130a6e3b0aac8355c .postImageUrl , .ub95b780352ac5e0130a6e3b0aac8355c .centered-text-area { min-height: 80px; position: relative; } .ub95b780352ac5e0130a6e3b0aac8355c , .ub95b780352ac5e0130a6e3b0aac8355c:hover , .ub95b780352ac5e0130a6e3b0aac8355c:visited , .ub95b780352ac5e0130a6e3b0aac8355c:active { border:0!important; } .ub95b780352ac5e0130a6e3b0aac8355c .clearfix:after { content: ""; display: table; clear: both; } .ub95b780352ac5e0130a6e3b0aac8355c { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ub95b780352ac5e0130a6e3b0aac8355c:active , .ub95b780352ac5e0130a6e3b0aac8355c:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ub95b780352ac5e0130a6e3b0aac8355c .centered-text-area { width: 100%; position: relative ; } .ub95b780352ac5e0130a6e3b0aac8355c .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ub95b780352ac5e0130a6e3b0aac8355c .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ub95b780352ac5e0130a6e3b0aac8355c .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ub95b780352ac5e0130a6e3b0aac8355c:hover .ctaButton { background-color: #34495E!important; } .ub95b780352ac5e0130a6e3b0aac8355c .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ub95b780352ac5e0130a6e3b0aac8355c .ub95b780352ac5e0130a6e3b0aac8355c-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ub95b780352ac5e0130a6e3b0aac8355c:after { content: ""; display: block; clear: both; } READ: "Porphyria's Lover" and "Lord Walter's Wife" EssayAlso lots of words with ing endings have been included, exemplified by guttering, choking and drowning. These words helped to achieve the image and struggle of a man dying in gas. The pain and misery which flowed through his body constantly as he plunged at Owen. One of the most powerful words that was chosen was gargling. Simply the pronunciation of the word on its own could give the image and sound of the scene. Words such as writhing and froth-corrupted gives strong detail in a very short format. Similarly the word flung assumes the urgency or carelessness for the soldiers in the battle. These kinds of words give an effect on the poems intensity. The poem bears strong emphasis of an irony to the old lie Dulce Et Decorum Est. As an educated man Wilfred Owen was able to recognize the lie and propaganda by the government towards the soldiers. His purpose to unleash the sarcastic significance of Dulce Et Decorum Est, was successfully scripted through his poetic technique, language, imagery and similes. Overall the poem lets the world know about the devastation and terror of the wars in the past yet, inspires us to discourage the war in the present and the future.

How to Write an English Law Essay

How to Write an English Law EssayIf you want to write an English law essay, then there are many things that you need to learn about. A well-written essay will be very helpful for any college admissions officer. Even if you do not have a degree in law, you can still write an essay that will help to your college application. A lot of people feel that they are just not creative enough, but they should not despair as there are ways to make a high-quality essay.The first thing that you need to do is do your own research and get ideas from books and other sources. You need to take your time to really understand the topic that you are writing about. You will want to keep in mind that every sentence is a chance to present yourself as an expert in the field. You will also want to carefully consider the spelling and grammar of your essay before you turn it in to the editor.One of the best ways to do this is to write and read as much as you can. What you need to do is be able to absorb all of t he information that you have been given. You should also use a dictionary or even a library to look up words that you may not have heard of before. Also, try to create a paragraph using a word that you are unfamiliar with.When you do your research, you will want to remember that you are writing for someone who has no prior knowledge of what you are talking about, and it is important to be as familiar as possible with the concepts that you are presenting. Do not forget that there are many different theories on how the law should be applied. As long as you are very clear and concise about your position, your essay will be approved.You also need to keep in mind that you need to be creative and keep your ideas straight forward. Don't be afraid to show the reader what you can do by providing them with examples that show that you can do it. If you don't have a lot of experience, then you will need to include a lot of trial and error and practice.Also, you should have a good idea of what t ype of question that you want to ask when you are writing. There are many different questions that you need to think about before you write your essay. Whether it is a fact or a question that you want to address, you should have the ability to write a successful essay.The last thing that you need to do is to write a sentence or two before you close your essay. It may be important to show your own abilities as well as demonstrate the skill of others. Writing a good response to a question will show that you are confident and that you can write a solid response to anyone's question. The more you show that you can put the proper words together, the better your essay will be.Once you know how to write an English law essay, then you can move on to the next step in learning how to write a successful essay. You will need to have confidence when it comes to writing a paper. By doing the right research and understanding what is required, you will find that you will be able to create a powerfu l essay that will land you a job.

Letter Of Recommendation Essays - Bachelor Of Engineering

Letter Of Recommendation Essays - Bachelor Of Engineering Letter Of Recommendation Letter of Recommendation for Raj Rishi Chatterjee I should like to write a few words in support of Mr. Raj Rishi Chatterjee's application for graduate admission in your department. He is interested in pursuing his graduate work in the broad area of Computer Science. I have known Raj Rishi for two years. For two semesters, he was a student in my Computer Systems and Organization Class and laboratory course. In all the two semesters, he was one of my top students. I found him hard working and diligent to do the work assigned. More importantly, he is able to plan and organize his work efficiently. During the oral examinations, I found that he was perceptive and able to think logically. He also is enthusiastic and showed the initiative to understand and solve problems. Like most Indian students he has studied Electronics Engineering for 4 years and his fundamentals are quite sound now. Though he was admitted to Electronics and Communication discipline, he has pursued Computer Science and Engineering as an additional area of expertise. W hile being good in Electronics related subjects, he has shown immense interest and potential in the subjects of Computer Science. Out of his own personal interest, he has gone through the topics of Data Structures, Algorithms, Object Oriented Programming and Operating Systems, etc. He has also studied programming concepts and is proficient in Visual C++, Visual Basic, Oracle and Web Programming using Active X and Java. As a result of this, he was to develop the following innovative shareware software:- a) Multilingual Word Processor (supporting English, Hindi, Bengali, and Marathi, four major regional languages of India), b) Personal Reminder Program (an automated appointment diary) and c) 8085 Simulator. Raj Rishi has demonstrated his leadership and teamwork qualities being an active participant in the events organized by I.E.E.E. (The Institute of Electrical and Electronics Engineers) and has been a key organizer for Debates, Symposiums and Programming Competitions in the institut e. Although I have not had sufficient opportunity to judge his writing skill, his oral communication skills in English are very good. From what I have seen of him I think he holds promise in the field of research. I have taught several hundreds of students and in my opinion he belongs to first ten students I strongly liked to suggest to go for advanced research for the benefit of Computer Science. In short I have no reservations in recommending his admission at the State University of New York at Buffalo. Yours faithfully, mr

Commonly Confused Words Have and of

Commonly Confused Words Have and of The sound of the preposition of  is similar to the sound of vethe shortened form of the helping verb have. As a result, of is sometimes misused in contractions. Usage Have  often functions as an auxiliary verb (or helping verb). In speech and informal writing, the contracted form ve  is sometimes used with the verbs could, must, should, would, may, and might. Of  is a  preposition, not a contraction. Examples Jed could have tried harder to help us.Jed said, I wouldve tried harder if Id known you were paying attention.Some of us must have been watching the game when the burglars broke into the house.If the Mets would have given him two more runs per game, Seaver would have won 20 games by the end of August. But that was one of those wouldve, couldve, shouldve scenarios.(Josh Rosengren, Hammerin Hank, George Almighty and the Say Hey Kid, 2008)The planning of the fly was an application of pure intelligence, morals not being concerned. Not one of us could have planned the fly, not one of us could have constructed him; and no one would have considered it wise to try, except under an assumed name.(Mark Twain, Thoughts of God, early 1900s) Usage Notes Mr. Wood, my English teacher, is always telling us that theres no such thing as must of, should of, could of, its must have, should have, could have. Mr. Wood says stuff like, The day you all get that simple little fact into your tiny little heads is the day I can retire a happy man. Well, this is all very well and good, but he doesnt need to be moaning on to me about it. (Hayley Long, Lottie Biggs Is [Not] Mad. Macmillan, 2009)When we speak, we slur these phrases so that they all sound as if they end in of, but in fact, all of them end in have. Their correct forms are may have, might have, must have, should have, would have, and could have. (Susan Thurman, The Only Grammar Book Youll Ever Need. FW Media, 2003)Some writers use of for ve deliberately to add flavor; should of and Id of have a drawled look that the more clipped shouldve and Idve lack. Ring Lardner and John OHara often used of for ve, and it is unlikely that either did it from ignorance. (Edward Johnson,  The Handbook of Good English. Washington Square, 1991)   Practice Exercises Fill in the blanks with either have or of. See how you did with the answers below. One _____ us made a mistake.It must _____ been you.She was one _____ the few gentlewomen I _____ ever known, and has remained throughout my life the measure _____ what a human being can be. (Maya Angelou, I Know Why the Caged Bird Sings. Random House, 1969) Answers to Practice Exercises One  of  us made a mistake.It must  have  been you.She was one  of  the few gentlewomen I  have  ever known, and has remained throughout my life the measure  of  what a human being can be. (Maya Angelou,  I Know Why the Caged Bird Sings. Random House, 1969)

Global strategy Essay Example | Topics and Well Written Essays - 2500 words - 1

Global strategy - Essay Example The legal status and necessary accreditations of the institute has been mentioned in the business plan. The plan elaborates on the management processes and the setting up of various departments in the institute. The market situation in terms of prospect for the business school has been analysed. A suitable marketing strategy has been formulated keeping in mind the market situation. The marketing plan involving the implementation of the marketing strategies has been discussed. The marketing plan elaborates on how the business school hopes to reach out to their target customer and handle the competition. The sales target and forecast has been discussed. The prerequisites for setting up the institute in terms of operational requirements, licensing, establishing supplier relationship and insurance needs have been discussed. The present and the future financial scenario of the business school have been analysed in the plan. The plan has explored the scope in the education market through a n internal and external environment analysis. The plan includes a SWOT and PEST analysis. The business risks associated with setting up the business school has been discussed. The business school in the long run is expected to yield significant profits to shareholders. The primary aim of the new business is to initially establish itself as a reputed Business School in UK. The business school has a global approach and will allow admission to students from other countries as well. They plan to later open subsidiaries in other countries. The initial focus is on attracting students from Australia and United States of America. The number of students opting for higher education has increased in UK. Consequently there is a need for Business schools which can provide quality education (Fry, 2009). The Director of the business school has an experience of twenty years in the UK educational system and his

Legal Profession in Private Practice Essay Example | Topics and Well Written Essays - 3000 words

Legal Profession in Private Practice - Essay Example If such private practice is unregulated and left to the vagaries of the market, it leaves it susceptible to abuse. Unlike other commodities and services where the harmful effects of deregulation are minimal, and in some cases deregulation is actually better, the legal profession has to contend with the fact that ultimately, its aim is the dispensation of justice. It seeks to correct redresses committed against individuals and seek accountability from the wrongdoers. It plays an integral and important part in our justice system, and the justice system in turn plays an important part in the maintenance of social order and the promotion of human rights. Hence, the legal profession can in no wise be treated as simply a commodity or a service to be provided to those who can pay, without regulation or State intervention. In July 2003, Sir David Clementi was tasked to carry out a review of the regulatory framework of the legal services in England and Wales. The terms of reference were:†¢Ã‚  To consider what regulatory framework would best promote competition, innovation and the public and consumer interest in an efficient, effective and independent legal sector.†¢Ã‚  To recommend a framework which will be independent in representing the public and consumer interest, comprehensive, accountable, consistent, flexible, transparent, and no more restrictive or burdensome than is clearly justified. Among his recommendations were the setting up of a Legal Services Board that has oversight powers. to regulate front-line bodies like the Law Society and the Bar Council, the creation of an Office for Legal Complaints that will be tasked to handle all forms of complaints lodged by the public against members of the front-line bodies, and opening up the system to alternative structures that will allow lawyers and non-lawyers to work together and provide legal internvention. The summary of all this is that the underlying reason behind the initiatives of Parliament is to introduce a Legal Services Bill that aims, in essence, to provide an oversight of the legal profession so that the greater public could best be served with legal services that are effective and accessible. To quote from the Written Ministerial Statement of Lord Falconer of Thoroton: The draft Bill sets out our detailed plans for the creation of a strong independent oversight regulator the Legal Services Board which will ensure that front line regulators discharge their duties effectively. In addition, legislation will provide the LSB with a wide range of powers including those to authorise