Business Risk Approach Assignment Example | Topics and Well Written Essays - 500 words - 1

Business Risk Approach - Assignment Example The specific risk of fraud or error that might occur will be the error of omission of individual transactions. The accountants (Rittenberg, Karla, Johnstone, and Audrey, Gramling, p.22) make the errors in the financial statements. The identification of the internal auditor of the misstatement of a material in the financial statements for the particular period under audit. There is a possibility that it was initially identified by the internal control of the entity. It includes misstatements that involve judgment and estimation by which an auditor detects the likely adjustments of material and corrections of the amounts recorded (Rittenberg, Karla, Johnstone, and Audrey, Gramling, p.22). Here there is the presence of the fraud resulting from material misstatements especially on the part of the senior management. It will affect the company financial capacity at the end (Rittenberg, Karla, Johnstone, and Audrey, Gramling, p.22). There is also the failure by the management or those who have the responsibility to assess deficiency impacts that were communicated earlier to them. They have a responsibility of either to remedy it or asset that no rectification will be made (Rittenberg, Karla, Johnstone, and Audrey, Gramling, p.22). There is also the presence of an ineffective control environment. Weak control of the various aspects of the internal control could result in an incorrect judgment by the auditor. He could conclude that there exists a significant deficiency or weakness of the material in the control environment (Rittenberg, Karla, Johnstone, and Audrey, Gramling, p.22). There is also the restatement of financial statements that were issued previously to reflect the correction of a material misstatement. The correction of a misstatement entails those errors due to frauds or error. It does not require restatements that indicate a significant change in the principle of accounting to be in line with a new principle of accounting. In addition, to be in line with a voluntary change of one accepted principle of accounting to the other accepted principle of accounting (Rittenberg, Karla, Johnstone, and Audrey, Gramling, p.22).     

The British Royal Marine Corps Influence on the US Marine Corps Research Paper

The British Royal Marine Corps Influence on the US Marine Corps - Research Paper Example In order to understand the complexities of the reactions of the United States corps towards the British corps, it is imperative to first analyze the manner in which the British authority treated the Indians. The facts that have been publicized concerning the British rule in United States corps give a glimpse of the sad realities that faced the population of the Briton at that time. With respect to the British population in India at the time, the Indians did not have any rights. An example of the treatment they faced is best exemplified by the fact that they were not allowed to walk on the sidewalks next to the British. Failure to adhere to this and any other baseless law resulted in the incarceration of the Indian outlaw. It is right to refer to wrongdoers as such since they basically received treatment akin to outlaws. While inside the jails and prisons, the Indians were severely beaten and abused by the commanding British police officers. The treatment of the United Corpse at that time is akin to the treatment of the black population by the Americans in the nineteenth century. It is however imperative to note that this had not always been the status quo. In fact, at the beginning of the British presence in India, the relationship between the British and Indians was quite respectful. The harsh inhumane treatments were realized with the progress of time. The British had gone to the extent of taking on United States corps wives while at the same time embracing a number of Indian customs and traditions.... It is right to refer to wrong doers as such, since they basically received treatment akin to outlaws. While inside the jails and prisons, the Indians were severely beaten and abused by the commanding British police officers. The treatment of the United Corpse at that time is akin to the treatment of the black population by the Americans in the nineteenth centuryiii. It is however imperative to note that this had not always been the status quo. In fact, at the beginning of the British presence in India, the relationship between the British and Indians was quite respectful. The harsh inhumane treatments were realized with progress of time. At the beginning, the British had gone to the extent of taking on United States corps wives while at the same time embracing a number of Indian customs and traditions. So, what factors led to this drastic change in attitude? There is one conjecture that has been entertained by historians. This entails the industrialization of Britain with respect to United States Corps. With time, Britain became more industrialized at a higher rate than America. As such, the feelings of contempt on the Indians were sourced from this fact. This was rather vain of the British populace. Also of prime importance to note, is that the British power structure propagated the notion of being of a superior race with respect to all other races. As such, equality was essentially unheard of and therefore could not be entertained. Though there had been a few Britons calling for equality, a majority of them adopted a rather low regard for the Indian population. With the advance of education, a larger population of the native Indians started to become more and more educated. As a consequence of this trend, feelings of