Pilot shortage Research Paper Example | Topics and Well Written Essays - 750 words

Pilot deficiency - Research Paper Example The United States needs to roll out significant improvements in the carrier business and pilot confirmation programs presently, to shield the business from the overwhelming impacts of this deficiency, and to guarantee the proceeded with soundness of aircraft travel both broadly, and globally for quite a long time to come. A pilot, otherwise called a pilot, is the individual in charge of an airplane during flight. As far as the wellbeing of the flight, pilots are the most indispensable single part, since they are liable for the airplane during movement. As per the Federal Aviation Administration (FAA) business airplane are required to have two pilots in the cockpit during Air Carrier activities, and to guarantee there is somebody who can take control during a crisis. For the most recent decades, the deficiency of individuals entering the field of avionics has been developing, making a striking lack of pilots. There are various reasons that there are insufficient pilots to as of now address America’s issue for air travel including: expanded pace of pilot retirement, diminished qualified people entering the field of aeronautics, expanded limitations and necessities, and expanded interest for air travel administrations. Therefore, the pilot deficiency has been a developing issue in United States flight industry, and if not explained cautiously, it is a shortage that could prompt numerous major issues. Nonetheless, with endeavors from all pieces of avionics industry, pilot lack is certainly not a no-arrangement issue. A pilot lack is the deficiency or inadequacy of individuals qualified to effectively and straightforwardly work the â€Å"directional flight controls of an airplane while it is in flight† (Wikipedia, 2015). Socially, it alludes to a circumstance where America at present, or any nation, has not very many pilots as of now utilized, making a circumstance where there are insufficient

Arrow Electronics Case Assignment Essay Essay Example

Bolt Electronics Case Assignment Essay Example Bolt Electronics Case Assignment Essay Bolt Electronics Case Assignment Essay Bolt was established in the mid 1935 as a retail vendor of remote gear. Along these lines the organization extended to sell beguilement stocks and electronic parts. In 2002 Arrow’s planetary gross incomes were $ 7. 4 billion. The semiconducting materials stocks produced over portion of the organization incomes. Since so. the organization has occupied with esteemed included administrations. Worth added is utilized to delineate situations where a house takes a product that might be viewed as a homogenous product. with barely any distinctions from that of an adversary. also, furnishes potential customers with a trademark or extra that gives it a more noteworthy feeling of significant worth. A worth included product can either expand the product’s money related worth or worth. For delineation. offering one twelvemonth of free help on another registering machine would be a worth included trademark. Bolt improved its stocks and administrations before offering the product to c ustomers. The organization put, all things considered, in a gross incomes power and coordinations capablenesss. Bolt Electronics realized they needed to pay close taking care of tasks. The organization knew the parts of the bargains and built up an away from of accurately how activities will help achieve them. It included deciphering the closures into derivations for the operation’s open introduction. points. quality. speed. dependableness. flexibleness and cost especially at their dispersion places. The executives realized stock records are viewed as an of import in addition to and are basic for concern achievement. Bolt utilized a clump of building and stock rundown informations at Arrow were exceptionally exact. So as to keep up stock rundown informations precise. Bolt put, as it were, in data designing. The stock rundown following building brought about a superior underside line and an increasingly beneficial concern. Successful stock rundown heading expanded by designing helped Arrow keep up way of stock rundown. smooth out telling and way focuses all through the product’s n et incomes beat. The three data frameworks they utilized were the gross incomes work area. the centralized server framework. furthermore, the WMS. The framework net incomes work area permitted the gross incomes delegates to see the stocks data. cost. what's more, their buying structures. The centralized server framework kept up the customer stock rundown. orders and the rationale for net incomes request preparing. The framework acted like a storehouse all things considered and changed over the requests got from the gross incomes work area. The centralized computer framework was the core working framework. The framework was perfect in its capacity to follow stock rundown at expound degrees. Luckily Arrow’s assault to stock rundown truth is non extreme in light of the fact that the framework truly sets aside them cash on their stock rundown heading. Stock course bundle helped Arrow computerize strategies and better oversee frameworks to hinder losingss from covered expenses. Since Arrow’s significant frameworks were create in house. they are making a trip to hold inconvenience using business bundle if their bundle have issues. Bolt Electronics bought the organization Eagle Semiconductor. Bird conventional plan of runing a few local stockrooms and venturing to every part of the stock rundown into Arrows essential dissemination place was a worry assurance that should have been made by Betty Jane Scheihing. Senior Vice President of Worldwide Operations at Arrow Electronics. The stockrooms open introduction. customer diseases. furthermore, stock course were awful. Scheihing ought to elucidate to bearing and Eagle’s focuses When stock rundown mistake happens. stock rundown course partners should go to the issue in a way to chop down the peril of terrible open introduction in the focuses. They ought to bespeak a quick describe. seting the stock rundown records therefore. The bearing partners should gauge their choices in footings of moving expense. bringing day of the month and clasp. furthermore, the earnestness. Organizations like Arrow rely, all things considered, upon stock rundown truth to run or make full customer orders. Stock is the significant organization in addition to that helped with endeavors, for example, arranging. In this manner keeping up precise stock rundown records as a significant course apparatus has different advantages. At the point when exact stock rundown records are kept. the data tells whether you can take on customer petitions or impossible to miss endeavors with the stock rundown on manus. Bolt can obtain a feeling of when they will require to arrange new focuses. Bolt other than can reconsider the stock rundown records to put stock rundown inclinations over clasp and do some essential expectations about stock rundown that may run out quicker than expected. These components mean they can be after and plan. This is basic to creating and keeping connections. Great stock rundown records imply that when customers call or compose with stock related requests. they can happen the answer quickly. A quick reaction cut typically implies the customer shows signs of improvement sentiment of the organization. At the point when they know correctly what stock rundown they have and where it is put away. they can recoup it rapidly and make full customer arranges speedily. The capacity to cover with enquiries a nd take care of requests quickly implies the organization can work more customers and travel progressively stock rundown through the organization. resulting in higher net gain. On the off chance that customers need to sit tight for reactions or stocks. they may cancel requests and travel to different organizations. Stock error could perchance hold a significant effect on the Arrow’s open introduction. Stock error expands the clasp spent on the stock rundown heading methodology. Additional clasp in different segments is spent on looking into differences. correcting frameworks informations. what's more, pass oning concerns. Stock incorrectness impacts the organization’s financial open introduction in footings of the expense of products sold. Expanded expenses are the outcome of hurrying transportation. additional work. furthermore, loss of creation. Bolt had stock rundown errors when they gave low degree distribution center administrators the obligation of occurring and correcting stock rundown botches. Having a gathering of individuals with inconsistent readiness and experience tally and change stock rundown was a little progressed for their pay class. Bolt ought to of ensured who had authority over affecting stock rundown. This is especially obvious in creating activities where the priorities of machine administrators and creation chiefs are run intoing the creation motivation. keeping up the machines running. furthermore, guaranting the nature of the product being delivered. Stock truth should neer be an essential obligation of those kinds of spots. When Arrow resulted in these present circumstances acknowledgment. it was anything but difficult to see the advantages of seting stock rundown and stuff taking care of obligations in the guardianships of individuals whose essential occupation is investigating and accident. Generally speaking Arrow Electronics Operational Execution was extraordinary. They put, as it were, in building to pull off their tasks.

Guest Entry Engineers Without Borders

Guest Entry Engineers Without Borders Sorry I havent blogged in a while Ive been hosed with the deluge of tests, homework, and projects that inevitably follows CPW. To temporarily satiate your craving for reading about MIT while watching half of my face contemplatively sip coffee at you from my blog header, my tooling buddy Tiffany, a Course I junior with a terrifyingly robust sense of work ethic and a phenomenally operatic RB singing voice, has graciously offered to temper my usual Course VI nerditude by writing about her involvement in international development @ MIT. Enjoy! In the grind of the semester, its easy to forget that there exists an entire world outside of the college campus (hello Boston!). Yet, one of the most rewarding things about MIT is being able to apply the concepts you learn within the classroom to real-time projects that have a significant impact on communities around the world. This past year, I have been serving as project manager for the Engineers Without Borders-MIT Chapter. Engineers Without Borders is a non-profit organization that partners with communities in developing countries to improve their quality of life. One of our projects, for which I am team lead, is Showergy. Showergys premise is this: Imagine not being able to take a shower after a long days work. Now picture that every day. Hundreds of millions of people in the developing world lack access to water and facilities where they can cleanse themselves. Even where there is water, many, especially women, avoid going to communal showers in fear of attack or harassment going there and coming back. To help combat this fear, Showergy delivers all that is needed for the shower experience right to the users doorstep literally. Our cost-effective and easily installable shower system units will be implemented on almost every single plot as part of a franchise business model in conjunction with latrines. This design and model will ensure that community members do not have to walk more than a stones throw away. Our system also involves an innovative drainage and water reuse that prevents further contamination of critical water sources. By providing the means to basic hygiene, Showergy helps reduce the probability for disease and ensures a safe, reliable place for women, children, and senior citizens to wash themselves. Throughout the past few months, our team has designed a basic prototype of our individual shower system unit in MITs famous D-Lab. The “D” in D-Lab stands for “Development through Dialogue, Design, Dissemination”; its goal is to assist students in improving the quality of life in low-income households through development of low-cost technologies. It is extremely common for students taking courses in D-Lab to travel over IAP or sometime during the year to implement the technologies that theyve developed. Anyways, you can actually step into the unit, look up at the showerhead, and take a shower! What does this mean for term life? Its actually a lot of fun. We get to spray each other with water while prototyping our pump mechanism. and be obnoxiously loud when using hammers. Currently, our project is entered into the IDEAS/Global Challenge competition, an annual contest sponsored by the Public Service Center that encourages students to develop or innovate a product â€"it can be anything! that will assist developing communities in tackling some of the largest global problems, like disease, sanitation, and water shortage. The projects dont need to be fancy or complicated â€" in fact, the best solutions to problems of these scale often are and need to be simple. There is an enormous variety of projects that are entered into the competition. The sheer amount of creativity and innovation going on here is through the roof! You can view all the teams here. Since the competition is ongoing, you can vote for five teams that you like the best if you register for an account (insert shameless plug for Showergy). To reiterate, there are incredible resources at MIT if you are interested in international development. Other resources include the Legatum Center for Development and Entrepeneurship, the Sloan Global Entrepreneurship Center, and the MIT International Development Initiative. If you are worried that your choice of major might affect how you can pursue international development, rest assured that no matter what you major in, you can probably apply it in a creative and significant way. Even as a junior, close to the end of my third year here, I am astounded by how easily ideas can happen here and actually become a reality, with some hard work, the right connection, and of course, a bit of luck. So now, I leave you with a question: What are the “big” problems that interest you and how do you envision tackling them? Several of my friends have gotten to travel to places like Nicaragua and Cambodia while involved with D-Lab projects. Sounds pretty fun! Feel free to email Tiffany at tifa(at)mit.edu or get in touch with her team if you have questions!

Essay about Christopher Nolans Inception - 1262 Words

In the film Inception one follows Dominic Cobb who is a skilled thief, the absolute best in the dangerous art of extraction, stealing valuable secrets from deep within the vulnerable subconscious while the mind is in the dream state. Cobbs rare ability has landed him a job with a corporate espionage to try and earn his way back home after he has lost everything he has ever loved. This final job could give him his life back but only if he can complete the seemly impossible task of inception. Cobb and his team of highly trained architects and extractors have one chance to complete their task. Now instead of stealing an idea they must supplant a new one. Failure is not an option for Cobb and he has taken extra care to exclude information†¦show more content†¦The scenes he has chosen to hold on to stand alone without his interference. They are mostly complied of memories of his children, and very heavily of his late wife. In contrast we are introduced to Mal, Cobb’s late wife’s inner mind and location for her secrets. She has only kept one and has placed it in a small safe. This safe is placed inside a pink doll house. This doll house is surrounded by other objects that media and childhood accustom to young girls and innocence. An overall pink theme is present in the room with a box of yellow and pink stuffed animals amongst photos of horses and floral furniture dress the room. The room in which the house and toys are kept is Mal’s childhood home. This leads one to assume that this room is a reflection of the identity codes Mal was taught as a young girl. Unlike Cobb she has not been able to create her own domain to hide her secrets but relies on her memories to create an old location to use, one in which Cobb has imposed his memories into as well. Although the memory location being used is unique to Mal’s childhood, she did not create it alone. Cobb mentions multiple times that the world where her secrets reside was created by both of them. Barrie Thorne the author of Gender Play: Girls and Boys in School says that even when boys and girls do not separate into segregated groups they will still imply the differences they have been taught to create distance between each other. Girls will unknowinglyShow MoreRelatedChristopher Nolans Inception852 Words   |  3 Pages In 2010, Director Christopher Nolan took us deep into the postmodern worldview and dreaming state in his film, Inception. In the film we are introduced to Dom Cobb (played by Leonardo Dicaprio) who is a rogue specialist in a field known as â€Å"dream sharing†. This technology, created by the government to train soldiers, allows people to go deep into other’s dream and do whatever they wish. Dom is running from the law, and so he gets work in high-tech corporate espionage, however we, as an audienceRead MoreIs Christopher Nolan A Modern Hollywood Auteur?1497 Words   |  6 PagesFollowing the release of his movie, Inception, The Guardian ran an article comparing Christopher Nolan to famed Hollywood auteur, Stanley Kubrick. Most readers subsequently reacted negatively to the article’s central premise. However, The Guardian’s readers concurrently began pondering another question: is Christopher Nolan a modern Hollywood auteur? According to many scholast ic sources, Nolan should not even be considered for auteur status. Most of these naysayers point out that six of his eightRead MoreAnalysis Of The Film Inception1318 Words   |  6 PagesOn July 16, 2010, audiences across the world traveled to nearby theaters to watch the unique, original film Inception. The film Inception was like no other, depicting a dream like world where the city folded upon while the shadows of darkness cast over it creating a mystique ambiance. This thrilling, original film was written by the renowned director Christopher Nolan and produced by Warner Brothers Studios. Nolan directed the film while working side by side with Wally Pfister, the director of photographyRead MoreEssay on The Romantic Notion of a Film Director 2217 Words   |  9 Pagesimagination and is it the spectator who finds meaning in the film. I will be closely looking at critical material, primarily Andrà © Bazin and Roland Barthes and applying them to several case study films directed by Christopher Nolan including The Following (1998), The Prestige (2006) and Inception (2010), to examine whether Nolan possesses the qualities of an auteur and if so, does that imply an ideological view of what the auteur resembles or an artistic one. The term auteur theory arose in France duringRead MoreInception and Shutter Island: Grief, Guilt, Insanity and Fantasy1096 Words   |  5 Pagesï » ¿ Inception and Shutter Island; Grief, Guilt, Insanity and Fantasy Roughly one hundred and fifty thousand people die every day across the globe. The loss of a loved one can cause any man to lose his mind and act irrationally, especially if he had a hand in his loved ones death. In dealing with the aftermath of losing family, Christopher Nolan’s Inception and Martin Scorsese’s Shutter Island, both examine the effects of grief, guilt and the dangers of delving into insanity and fantasy to ease theRead MoreChristopher Nol An American Film Director, Screenwriter, And Producer And Auteur.847 Words   |  4 PagesDecember 2015 CHRISTOPHER NOLAN Christopher Nolan is considered an English-American film director, screenwriter, and producer and Auteur. Nolan is a man of talent who is known as one of the smartest, most creative, and successful directors in the film industry today.He is widely recognized after his first successful feature movie Following(1998),a noir thriller film.Which was recognized at a number of international film festival.Common themes and actors can be seen throughout Christopher Nolan’s filmsRead MoreAnalysis Of Christopher Nolan s The Dark Knight Trilogy 963 Words   |  4 Pagesis a director who leaves a personal message or impact on the films they’re working on. Not only visually, but also utilizing their techniques and motifs which are always used in films. The director I have chosen to write about is none other than Christopher Nolan. I chose to write about him not just because he did one of my favorite superhero movies of all time (The Dark Knight Trilogy), but he is one of my favorit e directors of all time. After reading Andrew Sarris article, I will stick with the meaningRead MoreInception Film Analysis892 Words   |  4 PagesInception, released in 2010, is an exhilarating science fiction film that keeps its audiences engaged and absorbed in the action by creating a sixth sense experience. This thriller is equipped with some of Hollywood’s most talented actors, including: Leonardo Dicaprio, Tom Hardy, Joseph Gordon-Levitt, Marion Cotillard, Ellen Page, Cillian Murphy, with Ken Watanabe and Michael Caine. Director and screenwriter, Christopher Nolan, produces works that displays his aptitude to venturing in unfamiliarRead MoreChristopher Nolan As An Auteur2860 Words   |  12 Pages At first glance, Christopher Nolan appears unqualified for auteur status. Many of his films have been remakes, adaptations, or franchise films which carry negative connotations and intellectual lowliness [1]. If we look closer, however, we can see a tendency towards psycho logically complex characters, and complex ideology. In order to classify Nolan as an auteur, we must first examine the definition of the word, as Nolan in not an auteur in the traditional sense, like Spielberg or Scorsese. An auteurRead MoreInception- Mise-En-Scene1724 Words   |  7 PagesFischer’s subconscious. Therefore, at this point that Fischer trusts Cobb and thinks his uncle is betraying him, he will helps Cobb and others gets into his own subconscious, as he understands as Browning’s, and find out the truth, or as we know, the inception Cobb tries to implant in Fischer’s mind. â€Å"’He’s going to help us break into his own subconscious’ – Arther† (Nolan). When Browning and Fischer falls asleep, everyone in the room start preparing their own work, to sleep and go down to another dimension

Whatever They Told You About Example of Evaluation Essay Topics Is Dead Wrong...And Heres Why

Whatever They Told You About Example of Evaluation Essay Topics Is Dead Wrong...And Here's Why The Example of Evaluation Essay Topics Pitfall While evaluation essays are not so difficult to write, as you're simply required to evaluate a product, service, entity, event or something different, there's one big trap to be on the lookout for creating your piece overly opinionated. It is suggested to look for the one which has a fantastic reputation and offers high-quality papers at very affordable prices. When searching for suitable evaluation essay topics for college students, focus on the ideas that you know because it will allow you to save time when increasing a possibility of writing a superb paper. Whether there are any suggestions towards improving the show, don't be afraid to let your intended readers know about doing it. You will need to have an in depth look at the topic to be able to earn a judgement on its value, therefore it is reasonable choose something you presently have some knowledge about. If you're given the opportunity to do self-evaluation, you should have the ability to answer in the most honest way. When one writes a personal sort of essay, the initial impression is the fact that it is entirely devoted to self expression and devoid of any type of technicality. A performance evaluation created by oneself will reveal their character more than what he or she thinks of the job which he or she's doing. You may even opt for an available writer to communication panel, which gives you an immediate communication between the author and the customer. Writing is a particular gift that you are able to develop, but should you truly feel like it isn't your thing, our crew of professional writers can help to finish an essay from scratch or do paper editing you've already done. If you wish to create a college essay which works, you want to provide importance on the content which you will give the admissions officer of your intended university with. Where to Find Example of Evaluation Essay Topics Normally, the writer is provided a set of criteria to base their evaluation regarding a specific experience. Try to remember that if writing an evaluation essay, you don't need to express a firm opinion and stick with it, yet to make a balanced assessment presenting different facets. Bear in mind that the chief quality of an evaluation essay is the concentration of your evaluation all around you r standpoint. What you have to know about how to compose an evaluation essay is you should incorporate every one of your evaluating objects into your essay. An evaluation paper should consist of summary info and your earnest viewpoint on the topic. When you compose an evaluation essay you will need to evaluate every property of the subject including its advantages and disadvantages. You're able to find ideas and develop your own distinctive evaluation paper topic. Evaluation papers provide value judgments related to different subjects. An evaluation essay includes an objective assessment that's written by means of a person who should be fully-knowledgeable of what he or she's writing about. It is a type of literary criticism. Since an evaluation essay isn't only part of college essay examples as it may also be utilized in company and company processes, it's necessary for you to understand the weight of its effectiveness. It is meant to demonstrate the overall quality of a particular object, service, product, and place. The Awful Side of Example of Evaluation Essay Topics Citations and extracts from assorted sources have to be formatted properly. The scholarship essay examples shared here are a great plan in telling you the way to compose the ideal scholarship essay. In extreme events, you can rewrite finished essays. What can set apart an evaluation essay from various types of academic essays is that it may also be utilized in various undertakings within the corporate and skilled environment. Curriculum proposal topics is a means to try. As a college student you'll be asked to compose various kinds of essays. Your college essay should contain information that relate to the instruction offered to you. Writing an essay for high school is simple if you choose a very simple topic. State the explanations for why it happened. Therefore, many students and employees decide to get cheap essay rather than writing it themselves. Just because you've already written a college essay for a single university doesn't mean that it may also apply on your next applications. Developing a terrific college essay are able to lose its purpose in the event the content of what you've written is not what the university is asking for.

Auditing Free Essays

Required Through a memorandum, explain to the directors (a ) Why Is the need for an audit. (5 marks) (b) how the auditor off public company may be appointed under the companies Act (5 marks) (c) What are the rights and powers of an auditor under the Companies Act (10 marks ) (d) The responsibilities of the directors in relation to the accounting ,fraud and internal controls functions of Brian Ltd. (10 marks ) QUESTION 2 The maintenance of auditor Independence Is vital to the credibility of the audit In the minds of the users of the financial statements . We will write a custom essay sample on Auditing or any similar topic only for you Order Now Professional regulations has been seen as being one of the more acceptable methods of acceptable methods of achieving auditor independence than state regulations although certain sections of the Companies ‘s Act have a bearing on such independence. (a ) state and explain the two sides of auditor independence (8 marks ) (b ) Explain the circumstance that may threaten auditor ‘ Independence and objectivity(10 marks ) ( c) Explain mom the measures that auditors may Implement In order to deal with the threats (12 marks) Question 3 The directors of Mellon Manufacturing have asked your firm to act as their auditors for the year ended 30 September. They will be asking their existing auditors to resign, as they do not provide a cost effective service. The partner proposed for appointment to Mellon Manufacturing holds a membership certificate and a certificate of registration as a registered auditor through the COCA. The proposed partner is scheduled for routine Investigation by the COCA regulation monitoring unit. A) Describe the investigations you would carry out and ethical matters you would consider before you can accept the appointment as the company’s auditor. (8 marks) (b) Explain why it is important that an auditor should send a letter of engagement to the client prior to undertaking an audit. (4 marks) (b) Briefly describe the main contents of a letter of engagement which you would send to the directors of Mellon Manufacturing. (8 marks) How to cite Auditing, Papers Auditing Free Essays Assume that fraud has been discovered In the â€Å"Possible Errors and Fraud† list, shown as A through O In the problem. Select two of the fraud Items from the list and note them here: Fraud Item Invoices for goods sold are posted to incorrect customer accounts. Fraud Item Invoices are sent for shipped goods and are recorded in the sales journal, but are not posted to any customer account. We will write a custom essay sample on Auditing or any similar topic only for you Order Now Following the scientific method, answer the following questions below: a. Do aground research in relationship to the issue to get a more in-depth understanding of the situation. What questions would you ask of management to determine how the fraud Is occurring based on the specific fraud Identified? Fraud Item #1 Are the employees In charge of shipping comparing the product shipped with the sales Invoice to determine that the goods are being shipped to the customer who ordered them? Fraud Item #2 Why are the invoices for shipped goods not being posted to any of the customers’ accounts? B. Construct your hypotheses concerning the issue which we will use to test our data against. Your hypotheses will be the implications on the financial statements because of the fraud Items you Identified. (Which accounts are affected? Will they be overstated or understated? ) Fraud Item #1 If Invoices are checked once a month, then goods would not be sent to wrong customers. Fraud Item #2 If controlled amounts posted to the accounts receivable ledger are compared with control totals of invoices, then invoices would be posted to the customer’s account. C. Test your Hypotheses by doing experiments. To test your hypotheses, you’ll need to list controls that would have to fall for the read to be committed. Then for testing, list what specific audit procedures you â€Å"Controls† from problem 11-38 that apply to your fraud items. Controls that would have to fail to allow fraud Audit procedures to test controls Fraud Item #1 Invoices are going to the wrong customer C. Monthly statements are mailed to all customers with outstanding balances. Fraud Item #2 Invoices are not being posted to the customer’s account K. Control amounts posted to the accounts receivable ledger are compared with control totals of invoices. D. Analyze your data and draw a conclusion concerning the population under study. We are assuming that fraud has been discovered in the two areas you chose, so that’s the conclusion! E. Communicate your results. To communicate your results, list some enhancements or changes to controls that need to be made to keep the fraud from occurring in the future. Fraud Item #1 Statements will be mailed out to the customers that have an outstanding balance every month. Fraud Item #2 The control amounts that are posted to the accounts receivable ledger will be compared with control totals of invoices at least once a month. How to cite Auditing, Papers

Auditing Free Essays

Required Through a memorandum, explain to the directors (a ) Why Is the need for an audit. (5 marks) (b) how the auditor off public company may be appointed under the companies Act (5 marks) (c) What are the rights and powers of an auditor under the Companies Act (10 marks ) (d) The responsibilities of the directors in relation to the accounting ,fraud and internal controls functions of Brian Ltd. (10 marks ) QUESTION 2 The maintenance of auditor Independence Is vital to the credibility of the audit In the minds of the users of the financial statements . We will write a custom essay sample on Auditing or any similar topic only for you Order Now Professional regulations has been seen as being one of the more acceptable methods of acceptable methods of achieving auditor independence than state regulations although certain sections of the Companies ‘s Act have a bearing on such independence. (a ) state and explain the two sides of auditor independence (8 marks ) (b ) Explain the circumstance that may threaten auditor ‘ Independence and objectivity(10 marks ) ( c) Explain mom the measures that auditors may Implement In order to deal with the threats (12 marks) Question 3 The directors of Mellon Manufacturing have asked your firm to act as their auditors for the year ended 30 September. They will be asking their existing auditors to resign, as they do not provide a cost effective service. The partner proposed for appointment to Mellon Manufacturing holds a membership certificate and a certificate of registration as a registered auditor through the COCA. The proposed partner is scheduled for routine Investigation by the COCA regulation monitoring unit. A) Describe the investigations you would carry out and ethical matters you would consider before you can accept the appointment as the company’s auditor. (8 marks) (b) Explain why it is important that an auditor should send a letter of engagement to the client prior to undertaking an audit. (4 marks) (b) Briefly describe the main contents of a letter of engagement which you would send to the directors of Mellon Manufacturing. (8 marks) How to cite Auditing, Papers Auditing Free Essays Assume that fraud has been discovered In the â€Å"Possible Errors and Fraud† list, shown as A through O In the problem. Select two of the fraud Items from the list and note them here: Fraud Item Invoices for goods sold are posted to incorrect customer accounts. Fraud Item Invoices are sent for shipped goods and are recorded in the sales journal, but are not posted to any customer account. We will write a custom essay sample on Auditing or any similar topic only for you Order Now Following the scientific method, answer the following questions below: a. Do aground research in relationship to the issue to get a more in-depth understanding of the situation. What questions would you ask of management to determine how the fraud Is occurring based on the specific fraud Identified? Fraud Item #1 Are the employees In charge of shipping comparing the product shipped with the sales Invoice to determine that the goods are being shipped to the customer who ordered them? Fraud Item #2 Why are the invoices for shipped goods not being posted to any of the customers’ accounts? B. Construct your hypotheses concerning the issue which we will use to test our data against. Your hypotheses will be the implications on the financial statements because of the fraud Items you Identified. (Which accounts are affected? Will they be overstated or understated? ) Fraud Item #1 If Invoices are checked once a month, then goods would not be sent to wrong customers. Fraud Item #2 If controlled amounts posted to the accounts receivable ledger are compared with control totals of invoices, then invoices would be posted to the customer’s account. C. Test your Hypotheses by doing experiments. To test your hypotheses, you’ll need to list controls that would have to fall for the read to be committed. Then for testing, list what specific audit procedures you â€Å"Controls† from problem 11-38 that apply to your fraud items. Controls that would have to fail to allow fraud Audit procedures to test controls Fraud Item #1 Invoices are going to the wrong customer C. Monthly statements are mailed to all customers with outstanding balances. Fraud Item #2 Invoices are not being posted to the customer’s account K. Control amounts posted to the accounts receivable ledger are compared with control totals of invoices. D. Analyze your data and draw a conclusion concerning the population under study. We are assuming that fraud has been discovered in the two areas you chose, so that’s the conclusion! E. Communicate your results. To communicate your results, list some enhancements or changes to controls that need to be made to keep the fraud from occurring in the future. Fraud Item #1 Statements will be mailed out to the customers that have an outstanding balance every month. Fraud Item #2 The control amounts that are posted to the accounts receivable ledger will be compared with control totals of invoices at least once a month. How to cite Auditing, Papers