Roles of Managers and Individuals Essay - 275 Words

Roles of Managers and Individuals (Essay Sample) Content: Topic: Roles of Managers and IndividualsName:Course: Instructors Name:Date: Change can be identified among the very first thing to have occurred. For something to exist there must be a state of change from nonexistence to existence of something. This therefore means that change is come with creation. It can therefore be defined as the act of making something appear different from its initial state. For change to occur there must be an effort either by people themselves or by other forces such as nature or market forces. For an organization to change there must be an effort by the management, employees and other stakeholders. Change can be known or unknown. The unknown change is that where external forces people to comply with the set conditions (Atkinson Kamp, 2003). This way, people and organizations shake-up their existence and find themselves already changed. The known change is where a blueprint is drawn and followed till its conclusion is reached. For change to positively effective, there must be a balance in the amount of resources available, the number of people working on the resources and a good structure that directs change in the right way. Change is very beneficial to both an individual and an organization. To an individual, for example, an employee of a given company, change enable him or her to identify what he or she has not been doing right and what was right. With this, the employee can correct the wrongs and improve on the change that has already happened. On what was right, the employee can build on it and achieve even greater heights. This way, the individual realizes his full potential. For the organization, it is important for it to understand that in the current competitive society, change is inevitable. If it does not change, then it risks going out of business. This is so because other companies are changing every now and then. Globalization has turned the world into a global village where information is exchanged in seconds. Organizations are able to borrow technology and change its operations overnight. Without change, competition will be very stiff and the organizations structure will hinder it from changing. With this in mind organizations today have no other way out past implementing change into their system (Lecky, 1945). Change; however is not a welcome idea to everyone. In fact, one of the most resisted things is change. Many people have a phobia to change. This is so because many of the times change occurs, its results are very uncertain. This is especially so for the change caused by external causes such as market forces. Other resist change because of they have a low esteem or they lack confidence. Such people think that change is targeting them. In some cases, people may even become violent trying to fight change. Another group of people may challenge change in the organization owing to the fact that they do not know what benefit the change will bring to them. Change is only permitt ed if it will cause a positive effect on the lives of people who will implement it. If it is going to cause a negative impact, then it is certain that it will face a lot of barrier to an extent of not happening. When change is being effected in an organization, it needs to occur in all departments. This is important as it creates balance in the organization. The managers need to recognize that every department has different skills. This, therefore, means that even when change is to occur, different approaches need to be used. A good example is change in how the accountant operates in an organization compared to that of a security guard. The approaches to be used here are different. After this is recognized and followed, resistance to change reduces tremendously. To ensure change occurs smoothly, a process of change needs to be followed. This process follows three stages. The first stage is identifying the new face of the organization after change is affected. This is important bec ause it ensures that people, are not caught unaware. It is also very crucial as it directs the management and the employees on where to go and what to do. The second step of a smooth change process is identifying the gaps that need to be filled, drawing a blueprint and following it. This stage is important as it ensures the change is wholesome. The last stage is ensuring that change is implemented. These steps should include all stakeholders. The management, the employees and if possible, a group of clients should be involved. This way, everyone will own up the change and help it workout out as planned. The plan must be very clear on what is to be done. This way, it becomes easy to assign each employee a duty in his line of work. When this is done, time wastage is reduced and change occurs timely. Time is a crucial factor to consider. Change revolves around time. A particular design or product may be important at one time, but after some time,...

Historical Photos the Auschwitz Concentration Camp

Analysis Of The Poem Mummy - 931 Words

A grin spread across the young girls face as she knelt by the waters of the River Laun, watching her reflection ripple and dance around on the light, almost like some sort of beautiful ghost like creature. A will o the wisp possibly, was that what it was called. As she thought she herself, she heard and splash and her head shot up in time to see a fish flopping back into the water, a watery thud resonating across the crystal blue river. Mummy! Did you see that Mummy? It jumped out of the water! the child giggled as she turned her head to look at her mother, almost falling in as she did so. Lynn sweetie. Come away from the bank dear. she heard her mother sigh and a frown spread across the eleven year olds face, before she obediently did as she was told, standing up and walking next to her mother, grinning at the sleeping four year old in the woman s arms. Hello Aylon... she giggled, trying to wake the sleeping girl as she poked the sweet little thing. We could go play if she was awake Mummy, couldn t we? Endralynn asked expectantly looking up at her mother through wide eyes. Not today Lynn. Why don t you go help your father talk to the ferryman? the woman suggested and Lynn immediately grinned, running off down the river bank to try and find her father. Daddy, Daddy! Do you need any help? she shouted as her father came into sight, only to watch as he looked at her and shook his head, before gesturing for her to go back to her mother and sister. Well this isShow MoreRelated An Analysis of Sylvia Plaths Poem, Daddy Essay793 Words   |  4 PagesAn Analysis of Sylvia Plaths Poem, Daddy Sylvia Plaths famous poem Daddy seems to refer quite consistently to her deceased father (and obliquely to her then estranged husband Ted Hughes) by use of many references that can clearly be associated with the background of Otto Plath, emphasizing his German heritage. These include the Polish town where Otto was born, the atrocities of the German Nazis in the Second World War (Dachau, Auschwitz, Belsen), the Luftwaffe, and even the professorialRead MoreThe Importance Of Innocence In Wendy Copes Reading Scheme1245 Words   |  5 Pagesillusion of reality to protect what the individual desires to be true to what is actual. In Wendy Cope’s poem â€Å"Reading Scheme,† Cope writes about an affair more from the perspective of children by using the villanelle form to illustrate the inability of the children to make connections and ultimately argue that innocence is an illusion. In order to understand the illusion of innocence in Wendy Cope’s poem we will first familiarize ourselves on the topic of innocence by looking at two different articlesRead MoreStudy Notes on Out of the Blue by Simon Armitage3230 Words   |  13 PagesAnalysis of the poem Simon Armitages poem Out of the Blue is taken his from 2008 anthology of the same name. According to the books publishers, the poems in the anthology are presented in the form of a respone to  three separate conflicts, all of which have  changed the  world we live  in. Told from the point of view of an English trader working in the North Tower of the World Trade Centre, the poem forms part of the film Out Of The Blue  commissioned by Channel 5 and broadcast five years afterRead MoreThe Bird Image in Yeats Poems2062 Words   |  9 Pagesadaption of the bird image, therefore, echoes the traditional and universal values, which facilitates readers to make sense of his otherwise obscure, complex and mysterious poetry. In light of Yeats’ gyre theory of the universe, a close study of Yeats’ poems respectively written in three stages of the poet’s life demonstrates the bird-soul symbolism in three transformed phases of the poet’s beliefs evolving from i dealism, eternity to reincarnation. 1. Idealism of Early Yeats It is obvious that theRead MoreMental illness and Mental Disorders in Catcher in the Rye by J.D. Salinger2045 Words   |  9 Pageslike-â€Å"It’s ‘If a body meet a body coming through the rye’!† old Phoebe said. â€Å"It’s a poem. By Robert Burns† (Salinger 173). Holden mistook the nature of a â€Å"song†, which actually turns out to be a â€Å"poem†, but something that was completely false. The deeper meaning of this shows that Holden often misses the actual event and is selective when it comes to harsh, new things. â€Å"After I came out of the place where the mummies were, I had to go to the bathroom. I sort of had diarrhea..I didnt mind the diarrheaRead MoreW1 Active Adj14109 Words   |  57 Pageswords in both spoken and written English, based on statistical analysis of the 390 million words contained in the Longman Corpus Network – a group of corpuses or databases of authentic English language. The Longman C ommunication 3000 represents the core of the English language and shows students of English which words are the most important for them to learn and study in order to communicate effectively in both speech and writing. Analysis of the Longman Corpus Network shows that these 3000 most frequent

Animal Farm By George Orwell - 1570 Words

The past doesn’t define who we are now and who we will become in the future. It is simply a guide in our lives that shows us what is right from wrong. Our history has the ability to teach us more than we know, for it holds the key to something that has never been discovered. George Orwell’s masterpiece, Animal Farm , replicates a moment in history that will never be forgotten. It is a story that shows courage and tenacity, as well as fear and tragedy. This book displays many important lessons and morals. There are quotes that pertain to this story in a way like no other. They uncover the meaning to what is behind, Animal Farm. â€Å"Those who cannot remember the past are condemned to repeat it.† - George Santayana This quote from Santayana†¦show more content†¦Ã¢â‚¬Å"What experience and history teach is this—that people and governments never have learned anything from history, or acted on principles deduced from it.† † G.W.G. Hegel G.W.G Hegel’s quote is telling us is that not all people with power and authority will use it correctly. He is showing us that the government has not learned from their mistakes and they are doing nothing to find the correct solution to the way they are leading. Napoleon had been the leader of the animals. After the huge rebellion, the farm was made into a place where all animals were to be equal. This proposal happened, but it only lasted for a short period of time. When the equality plan crumbled down, the animals went back to working laboriously and some ended up starving. Napoleon looked upon the animals as slaves that were meant to work hard and do all of the work. He was acting like a government who didn t listen to the people and their needs. As a leader, you are supposed to learn from the others’ mistakes and fix what needs to be fixed in order for your group to strive and succeed. Napoleon took a wrong turn and took the role of another Mr. Jones. In the story i t said, â€Å" And finally there was a tremendous baying of dogs and a shrill crowing from the black cockerel, and out came Napoleon himself, majestically upright, casting haughty glances from side to side, and with his dogs, gambolling round him He carried a whip in his trotter.†Show MoreRelatedAnimal Farm And George Orwell By George Orwell1034 Words   |  5 Pages Eric Arthur Blair, under the pseudonym of George Orwell, composed many novels in his lifetime that were considered both politically rebellious and socially incorrect. Working on the dream since childhood, Orwell would finally gain notoriety as an author with his 1945 novel Animal Farm, which drew on personal experiences and deeply rooted fear to satirically critique Russian communism during its expansion. Noticing the impact he made, he next took to writing the novel 1984, which similarly criticizedRead MoreAnimal Farm By George Orwell1397 Words   |  6 PagesAn important quote by the influential author of Animal Farm, George Orwell, is, â€Å"Every line of serious work that I have written since 1936 has been written, directly or indirectly, against totalitarianism.† George Orwell, a Democratic Socialist, wrote the book Animal Farm as an attack on the Communist country of Russia (â€Å"The Political Ideas of George Orwell,† worldsocialism.org). He had a very strong disliking of Communism and the Socialist party of Russia. However, he insisted on finding the truthRead MoreAnimal Farm, By George Orwell1545 Words   |  7 Pagesallow because an this elite institution of people often use this gear to dominate and oppress society. In George Orwell’s story, Animal Farm, Orwell demonstrates that education is a powerful weapon and is a device that can be used to at least one’s benefit. Living in a world where strength is a straightforward to benefit, the pigs quick use education to govern the relaxation of the animals on the farm to serve themselves worked to their advantage. This story in shows the underlying message that   firstRead MoreAnimal Farm By George Orwell944 Words   |  4 Pageslegs(Orwell 132). He carried a whip in his trotter(Orwell 133). In the novel Animal Farm by George Orwell, animals have the ability to talk and form their own ethos, Animalism. Animal Farm is an intriguing allegory by George Orwell, who is also th e author of 1984, includes many enjoyable elements. More knowledge of the author, his use of allegorical elements, themes, symbols, and the significance in the real world, allows the reader to get more out of this glance into the future. George OrwellRead MoreAnimal Farm, By George Orwell876 Words   |  4 Pagesrebellious animals think no man means freedom and happiness, but they need to think again. The animals of Manor Farm rebel against the farm owner, Mr. Jones, and name it Animal Farm. The animals create Animalism, with seven commandments. As everything seems going well, two of the animals get into a rivalry, and things start changing. Food starts disappearing and commandments are changed, and the power begins to shift. Father of dystopian genre, George Orwell writes an interesting allegory, Animal FarmRead MoreAnimal Farm by George Orwell1100 Words   |  4 PagesIntroduction: Widely acknowledged as a powerful allegory, the 1945 novella Animal Farm, conceived from the satirical mind of acclaimed author George Orwell, is a harrowing fable of a fictional dystopia that critiques the socialist philosophy of Stalin in terms of his leadership of the Soviet Union. Tired of their servitude to man, a group of farm animals revolt and establish their own society, only to be betrayed into worse servitude by their leaders, the pigs, whose initial virtuous intentionsRead MoreAnimal Farm By George Orwell1538 Words   |  7 PagesMecca Animal Farm The Russian Revolution in 1917 shows how a desperate society can be turned into a military superpower filled with terror and chaos. George Orwell uses his book, Animal Farm, to parallel this period of time in history. This book is an allegory of fascism and communism and the negative outcomes. The animals begin with great unity, working toward a common goal. The government then becomes corrupted by the temptations of power. George Orwell uses the characters in Animal Farm to showRead MoreAnimal Farm by George Orwell1175 Words   |  5 PagesAn enthusiastic participant in the Spanish civil war in 1936, George Orwell had a great understanding of the political world and made his strong opinions known through his enlightening literary works, many of which are still read in our modern era. Inspired by the 1917 Russian Revolution and the failed society it resulted in, Animal Farm by George Orwell is an encapsulating tale that epitomises how a free utopian society so idealistic can never be accomplished. The novella exemplifies how influencesRead MoreAnimal Farm, By George Orwell1089 Words   |  5 PagesIn George Orwell’s â€Å"Animal Farm†, the pigs as the farm leaders, use unknown language, invoke scare tactics and create specific laws, thereby enabling them to control other animals, to suit their greedy desires, and to perform actions outside their realm of power. Because of the pigs’ use of broad language, and the implementation of these tactics they are able to get away with avoiding laws, and are able to convince other animals into believing untrue stories that are beneficial to the pigs. The firstRead MoreAnimal Farm, By George Orwell1212 Words   |  5 PagesShe stood there over the dead animals thinking to herself what have we come to? We try to become free but we just enslave ourselves to a so called superior kind. Napoleon killed the animals in front of the whole farm and said that this was to be the punishment for the traitors. Snowball was known as a traitor now and anyone conspiring with him would be killed. Snowball and Napoleon both represent historical characters during the Russian revolution in 1917.Snowball who was one of the smartest pigs

The Career Of A Professional Accountant - 843 Words

Assignment In Canada there is now one professional accounting designation. This designation produces accountants for different areas of the workforce and you must go through the program to get a job as an accountant. (a).Identify the professional accounting designations required in Canada to become a professional accountant. Chartered Professional Accountant(CPA) is a professional designation that is replacing those granted by the three former accounting bodies in Canada: Canadian institute of chartered Accountants(CA), Certified General Accountants Association of Canada(CGA) and Certified Management Accountants of Canada(CMA). (b).Describe this designation in your own words. The designation is a vocational certificate to prove that the†¦show more content†¦And I must be a Tax Attorney, a tax attorney is usually necessary for large, complex transactions, usually in consolidation, business structure, etc.The last one is Enrolled Agent(EA). The EA is America s earliest tax credential. EA is trained in tax compliance: it is the all of their existence and its affection keeps. (e).What are three different business fields/areas that you feel accountants are necessary? Explain why you feel this way. a.Real estate leasing With the improvement of economy, the real estate market in general will follow, the landlord mean more business, can improve the lease price. I think it is a opportunity for real estate leasing. b.Real estate agents and brokers A real estate agent is a person licensed negotiations, arrangement of real estate deals. It can be directly linked to accounting. c. Management companies The directors, who are responsible for the shareholders, will take responsibility for the company and its activities and finances. The companies should have their own bank accounts, and records must be kept of all expenditure and income. The company raises funds by levying subscription or other charges. (f).What area in the business world would you personally be interested in and choose to work in. Why would you select this area? In my opinion, business economics is better.Commercial economy entails the understanding of the global economy and its connectionShow MoreRelatedThe Career Of An Accountant888 Words   |  4 Pagesdue 18th of march Vocation investigation Joseph caccamo Career: accountant Qualifications: there are a number of qualifications you need to undertake the career of an accountant. Core knowledge areas needed are accounting systems and processes, financial accounting, and management accounting these are essential for a career in accounting. Other areas of knowledge are optional so you don’t have to do them but they would help you pursue your career in accounting. Things such as commercial law, corporation’sRead MoreThe Role Of Accounting And Possible Future Of Accountancy Profession992 Words   |  4 Pagesthe best professionals, and it is one in all careers having high demand (Hood, 2014). Nevertheless, the business practices and the environment have continuously changed and reshaped aspects of the accountancy profession (Wolters Kluwer, 2014). Some critics argued that services relating to accounting will be inevitably replaced by technology (Chartered Accountants Australia and New Zealand, 2015). Conversely, others believe that this career wi ll still exist; however, the role of accountants will beRead MoreProfessional Development Essay. As A Certified Public Accountant,1360 Words   |  6 PagesProfessional Development Essay As a certified public accountant, there are a couple of organizations that provide opportunities, knowledge, information and other opportunities that can be beneficial to a new accountant, an accountant nearing the end of his career, an accounting firm, or an individual looking to become a certified public accountant. The American Institute of Certified Public Accountants and the Michigan Association of Certified Public Accounts both offer unique benefits to theirRead MoreForensic Accountants Essay1744 Words   |  7 PagesForensic Accountants Helene M. Snyder Dr. Ann Pohir-Vieth Contemporary Business 508 August 8, 2012 Determine the most Important Five Skills that a Forensic Accountant Needs to Possess and Evaluate the Need for each Skill Students interested in the Forensic Accountant profession are required to possess many skills because this is the hottest career in accounting. People who work in this career investigate white collar crimes such as business fraud, incorrect financial reporting, and illegalRead MoreThe Career Choices For A Business Company1070 Words   |  5 Pagesfind some in-depth information about three careers in the field of business and finance that I could possibly see myself entering after college. These three options include being an auditor, accountant, or a financial analyst. The pymetrics report served as a reminder of the characteristics that I already knew I had and compared them to the characteristics that I share with professionals in the careers. Through the full understanding of each of the careers and their respective requirements, I can planRead MoreThe Role of Accounting in Business Society631 Words   |  3 Pagesanalyzing, verifying, and reporting the results. An accountant is one who is skilled in the practice of accounting or who is in charge of public or private accounts. (http://www.merriam-webster.com, n.d.) Someone who has obtained a bachelor’s degree in accounting can pursue many different accounting career fields. According to the Bureau of Labor Statistics the median annual wage for accountants and auditors was $63,550 in May 2012. Employment of accountants and auditors is projected to grow 13 percentRead MoreCertified Public Accountant ( Cpa )769 Words   |  4 PagesCertified Public Accountant (CPA) certification is the most important certification, and the highest professional designation for accountants in the United States. This certification allows accountants to prove their profound expertise and knowledge in accounting field upon successful competition of a set of requirements and ultimately certifying them as qualified accountants. Among other distinguished certificates available to professional accountants that would be just as beneficial for their accountingRead MoreHigh School Diploma Is Necessary947 Words   |  4 Pagesgood foundations represents a great advant age when getting a job, being a professional accountant whit a required education is easier to find a very good job. Accounting and Auditors among other occupations, â€Å"are expected to increase by 15.3percent, or about 5 million new jobs, by 2016† (Dohm Shniper, 2007, p.2).Experience is crucial in serving as a professional in any business that requires the services of an accountant or auditor. To add, experience helps a lot to obtain better gains and mostRead MoreEssay on A Career in Forensic Accounting947 Words   |  4 Pagesis a lucrative career with many areas of interest to be followed. I have chosen Forensic Accounting to further review and research. This paper will define forensic accounting, describe what it takes to be a forensic accountant, give some statistics about forensic accounting, and give my feedback on this potential career path. Forensic accounting is the use of investigative and analytical skills for the purpose of resolving financial issues in a court of law. Forensic accountants need skills inRead MoreBusiness Is A Field Abundant With Jobs1274 Words   |  6 PagesBusiness is a field abundant with jobs. Entering the field of business almost guarantees a career. The reason to choose business is because business is a wide field and someone can go into many different areas. Accounting is a splendid area to go into. An excellent choice for higher education would be Louisiana College’s (LC) business program in Pineville, Louisiana. LC offers a small class setting with professors who have extensive business experience. Louisiana College has four areas of specializations

The Lost City free essay sample

An analysis and review of Alan Ehrenhalts The Lost City: The Forgotten Virtues of Community in America. The author of this paper analyzed Alan Ehrenhalts The Lost City: The Forgotten Virtues of community in America and shows how Ehrenhalt challenges many of the commonly held assumptions and culturally held beliefs about progress and how the idea of progress has changed throughout the course of this American Century for Americans. The paper notes that in many ways the book can be seen as an elegy to the 1950s. He feels that Ehrenhalts major reason to write the book was to argue that this decade was not nearly as bad as we like to think it was. Even if it were not the ideal decade in many ways, it did contain virtues that were still well worth praising because they offered to Americans something precious a sense of community that it would have been worth giving up something important in exchange. We will write a custom essay sample on The Lost City or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Ehrenhalt demonstrates his thesis by concentrating on several neighborhoods in Chicago in the 1950s, evoking the character of the time and place as well as that of his non-fictional characters with the skill of a novelist. But all of this beautiful writing cannot hide the controversial and for many unpalatable nature of his thesis, which is that people want rules, regulations, and authority figures, that we all desperately want someone out there telling us what is right and what is wrong and what will happen to us if we stray from a path of moral virtue that someone else has defined for us.

Internal Audit Function Quality Deter Management †Free Samples

Question: Discuss about the Internal Audit Function Quality Deter Management. Answer: Introduction: In the modern scenario, businesses are exposed to various kinds of risks and the reason behind this can be attributed to immense competition between businesses. Moreover, inherent risks are also those kinds of risks that define the existing loopholes prior to the implementation of internal control measures. These risks cannot be avoided as they automatically prevail in the business operations. In other words, it is inherent in the business affairs (Geoffrey et. al, 2016). Besides, these risks measure the assessment of auditors likelihood that there prevail significant misstatements in the financial statements of a company prior to taking into account the internal control effectiveness. Therefore, inherent risks cannot be safeguarded even by the presence of internal control measures or by an auditors presence. Hence, in the event of an expansion of businesses, they become prone to such inherent risks and therefore, proper tackle of such risks is the need of the hour. The evaluation pr ocesses of risk consist of several factors both internal and external in nature that also accommodate thefts, errors, frauds, etc in the financial statements. Nonetheless, many risks are already recognized by businesses as and when it prospers, and this can be attributed to its control measures and other strategies (Geoffrey et. al, 2016). Further, it is notable that a specific business can be easily evaluated after considering various micro and macro factors that are relevant from the initial period until the procurement of gains, allocation of gains, and payment of taxes, etc. In the presence of effective measures and strategies, businesses are now able to mitigate the risks that are pre-identified in the initial stages and thereafter, corrective actions are implemented in relation to the same (Monem, 2009). However, there still prevails a general tendency amongst many businesses that discovery of misstatements or frauds in the company financials cannot be undertaken unless they t ransform into massive issues. Besides, often accountants tend to disregard such petty issues, thereby assisting such issues to give a path to inherent risks to arise (Matthew, 2015). Hence, prior evaluation of both external and internal factors must be undertaken in order to discover weak zones in the company financials very easily. If such factors are not assessed appropriately, these can mix up and form a bigger issue that can badly influence the performance of a company. This can be proved by the case of OneTel wherein due to the faulty planning on the part of the management resulted in the companys downfall (Cook, 2001). Furthermore, many other factors resulted in the collapse of the company, like ineffective due diligence measures, improper terms, and conditions, etc. In the case of OneTel, it is notable that due to improper implementation of effective actions by the management in order to assess the prevalent risks in the business, the company had to suffer. Therefore, prior evaluation of prevalent risks is crucial and it was failed to be undertaken by the management of OneTel. Furthermore, the managing director and founder of the company also took unethical paths by making fraudulent statements, thereby signifying fraud on the companys part in order to attain more gains. On a whole, this sheds light on the fact that risk assessment is very significant by business in order to safeguard future problems and since OneTel failed to undertake such step, it resulted in its disintegration because the complications and risks existing in its affairs failed to be discovered (Gilbert Terry 2005). Hence, it can be clearly observed how small factors can take the shape of a huge issue and crumble the entire company as a whole. If OneTel had implemented prior risk evaluation strategies, its downfall might be avoided or delayed to some extent, as a backup could have been gained to tackle the obstacles. The first and foremost factor that results in the generation of inherent risks in a business can be attributed to the ignorance on the part of the management in considering the financial statements of the company. Moreover, this ignorance is further admixed by additional factors like the improper action on the part of management regarding aging debtors, unclear cheques, etc. Thus, improper steps on the managements part on such issues shed light on inadequate balance in the accounts of the company. Moreover, since OneTel did not undertake effective risk assessment measures and its management made unethical ways to alter the accounting policies, it had to encounter disintegration in the upcoming future (Wood, 2011). Thus, the accounting processes must be constant and stagnant because it can play a key role in facilitating efficient representation and provision of material information that related parties can understand very well. In relation to OneTel, since it failed to implement acco unting policies for its intangibles and instead considered the deferred expenses, its accounting policies were negatively altered. In addition, there were many inaccuracies in the reporting methods implemented by the company because its account balances were inappropriate. Besides, this is the key reason why the new auditors of the company were forced to provide a qualified opinion in respect of the company financials. Furthermore, in contrast to this, the past auditors of OneTel had offered an unqualified judgment in respect of the company financials that sheds light on the fraudulent measures implemented by the company. Moreover, this is the prime reason why ASIC found the account balances of the company to be completely inappropriate and discovered many hidden expenses and losses done by the company. Nonetheless, these innumerable factors resulted in the generation of inherent risks within the company, thereby ultimately crumbling the company as a whole. Moreover, this also highl ights the fact that the responsibility of the management in respect of the financials is very relevant and provision of inappropriate account balances can not only harm the company but its investors and shareholders will also have to suffer. In addition, since the reporting methods implemented by the company were also entirely inappropriate, the inaccuracies in the account balance were also unidentifiable (Black, 2010). All these inefficacies can be subject to the faulty measures on the part of the management and poor internal control measures prevailing within the company. These are the key reasons why OneTel had to encounter downfall in its upcoming tenure. In relation to the previously mentioned discussion, it is now clear that the reporting methods within a company must be free from frauds or errors, as it can play a key role in the generation of inherent risks and users demand effective reporting from the companies as well. In addition, it is also the responsibility of auditors to adhere to ethical mechanisms in order to identify any inefficacies existing in the financial statements of a company, irrespective of whether such inefficacies are created unintentionally or intentionally by the management (Douglas et. al, 2015). However, it is also observable that the past auditors of OneTel offered a qualified opinion on its financials that clearly sheds light upon fraud on the companys part. Therefore, taking into account every single matter is compulsory for the auditors in order to offer an independent and unbiased judgment. According to the going concern concept, a company will function in the upcoming tenure and there will not be any reason to terminate its proceedings. Furthermore, based on the balance sheet evaluation, it is clearly notable that the liabilities, non-current, and current assets of the company have materially been increased. However, it is quite a shock that even though the company had garnered huge material losses, a significant increase in its share capital can be witnessed (Goodstein, 2011). Besides, a significant decrease in the companys profits is a very bad indicator because it depicts that the company is not progressing towards development, thereby resulting in the loss of stakeholders confidence. The garnered losses by the company depicted in the past year reported above 200% in opposition to the original figures of the past year. Furthermore, the EBITDA of the company was in negative figures that clearly sheds light on the fact that the company had attained major losses in the past year and its profit and loss account have also depicted huge expenses made by the company. Nonetheless, this gives rise to the fact that in order to mitigate the losses, the company can either enhance its revenues or minimize its debt obligations. However, in lieu of such massive loss figures, it is practically impossible for a company to get rid of all such losses in just one or two years (Bhasin, 2008). Hence, it is the responsibility of the management to concentrate on relevant matters in order to safeguard the company from future issues. As the flaws on the part of the company were exposed, it also came to light that the Finance Director of the company had not implemented effective strategies to authenticate the companys financials including trial balances, ledgers, etc. All the previously mentioned inefficiencies on the part of the management depict that the expected duties from the company executives were not duly performed. Due to the ignorance on the part of accounts department, the aging of creditors and debtors became vulnerable to many risks (Brown et. al, 2006). Thus, if the company still does not implement effective measures, a massive loophole will be established betwixt its profits and losses wherein the quantum of losses will be immense. In addition, the company will have to lose the confidence of its stakeholders entrusted upon it. Therefore, the going concern concept is at stake based on the scenario because it is duly affected by factors like faulty management, poor internal control measures, etc. Based on the concept, a company will continue for an infinite span of time, but these issues can be tackled up to a limited period and in the event of huge losses, debt obligations cannot be easily paid off, thereby creating problems for inve stment in future developments (Vause, 2009) Moreover, studies have also stated that companies with a uniform supply of resources are more likely to prosper in the future. Besides, if such a scenario influences the company, it will be nearly impossible for it to overcome the situation and re-conduct its affairs in an effective manner (Bhasin, 2008). Thus, it is significant that companies duly take the concept of going concern into account so that the factors like faulty management, inappropriate internal control measures, etc that exist within the company can be effectively avoided, and the company can be efficiently safeguarded from future concerns or disintegration as a whole. References Brown, J.W, Chasek, P. Downie, D.L 2006, Global Environmental Politics, Boulder, CO:Westview Press. Bhasin, M. L 2008, Corporate Governance and Role of the Forensic Accountant, The Chartered Secretary Journal, vol. 38, no. 10, pp. 1361-1368. Black, W. K 2010, Epidemics of Control Fraud lead to Recurrent, Intensifying Bubbles and Crises, Working paper, University of Missouri-Kansas City. 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