Monday, May 25, 2020

Economics Paper - 2167 Words

Economics Paper University of Phoenix ECO365 May 6, 2013 Economics is a tool that we use in our daily lives even if we don’t always realize it. As people we all have things that we want, and things that we need. This includes things like food, clothing, and shelter, but it is not limited to those things. In order to get those things, people have to spend money. The issue is that everything that people need and want costs money. More often than not, people do not have the money to do both so they have to decide which things are important for them to have right now. This does not only apply to families, but businesses as well. This paper will address different types of economics and some of the factors that contribute to its changes.†¦show more content†¦Businesses will increase the production of goods and services that cost more money because they will be able to increase their profit margins. In the same way, when prices decrease they will scale back the production of those products because they will not be able to as much of a profit. Companies will always do what is best for them, and the number one reason for them being in business is to make money. What the consumer wants will always dictate they type and price of goods and services that are supplied. When a certain type of product comes out or starts to increase in sales it directly affects the market for that product or service. An example of this is when iPods came out and got very popular. The price of the product was high initially, but they were still selling very well. Apple increased its production because they were able to make greats profits from it. After this happened there was an influx of other mp3 players from a plethora of other electronics companies. Since they had new found competition, Apple was forced to lower the price of the item. Consumers still preferred the iPod over many of the other mp3 players on the market, and because of their presence, the iPod became much more affordable. In economics the law of demand states that à ¢â‚¬Å"all else equal, as the price of a product increases, a lowerShow MoreRelatedEconomic Analysis of Indian Paper Industry2073 Words   |  9 PagesON Market Forces: Supply and Demand Understanding trends, drivers, elasticity and revenues (With example of ITC paperboard amp; specialty papers division) BY Indian Paper Industry Structure: * The Indian paper industry accounts for about 2% of the world production of paper amp; paperboard; currently ranks 15th in the world. * Estimated turnover of Rs. 25,000 crore approximately; contribution of about Rs. 2920 crore to the exchequer. * The industry provides employment to more than 0Read MoreEconomic Indicators Paper1521 Words   |  7 PagesEconomic Indicators Paper What does it mean when someone refers to the health of an economy? Furthermore, how can one classify an economy? Americans love to quantify data. Because of this inherent need to compare data, economists have developed a way to collect nearly every type of statistics that may reveal the general health of the economy. These statistics actually tell if the economy is productive and efficient or if it is slow and inefficient. Included in these statistics are Gross DomesticRead MoreEconomic Advisement Paper1634 Words   |  7 PagesOption 1: Economic Advisement Paper Brittany McCarty, Jake Vickers, amp; Michelle Williams Learning Team B Eco 372 July 11, 2013 Dr. Samuel Imarhiagbe Two Economic Theories Modernizing over the decades, two main theories support economists, proposals, arguments, and predictions. The first theory is the Classical model perspective and the second theory is the Keynesian model perspective. 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Thursday, May 14, 2020

Multicultural Education And Learning A Mutual Respect

Religion is a topic of discussion that has been a very controversial issue since the beginning of time and will continue to be so until the end of time. Understanding where religious belief comes from for a given religion and how close it may be to your own can be helpful in understanding your fellow man. Multicultural education and learning a mutual respect for one another can bring peace to situations where anger, violence, and unnecessary hatred came simply because of being uneducated in another’s beliefs. Religion is a communal system for which people beliefs focus on a system of thought, unseen being, person, or object, that is considered to be supernatural, sacred, divine, or of the highest truth. Religions teach morals, values and all local communities become defined by the religious beliefs that one embraces. I aim to understand Catholicism as a religion by interviewing someone of its faith and a priest. In an attempt to expand my own understanding of other religions , and even my own, I have chosen to visit a Roman Catholic Church. The Catholic religion consists of different groups including Roman Catholics, Eastern Orthodox, Oriental Orthodox, and Anglican. The church is the largest and possibly the oldest organized religion in the world. Catholic worshipers make up over half of all Christians. The bishop of Rome has stated the Catholic Church has origins dating back to Jesus Christ and his 12 disciples. The origins of the Roman Catholic Church originate straightShow MoreRelatedCultural Competency Improves the Quality of Health Care627 Words   |  3 Pagesenvironment where equality was all around me. Of course these teachers were trained well to supervise such a diverse classroom since cultural differences make and enormous difference in the education of a student. 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This essay will look at the importance of becoming a global citizenship, the role we, as educators play in this development and how the curriculum frameworks and associated learning emphases for global education assist in the development of a global citizen. What is global education? â€Å"Global citizenship would seem a recent concept, but its origin can be traced back to at least 4th century Greece when Diogenes declared himself a cosmopolitan – a citizen of the world† (HowerRead MoreHow Adolescence Should Be Given Opportunities For Communication Among Individuals From Different Cultures1399 Words   |  6 Pagesbonds with individuals from another culture so that they may form intercultural friendships in a nation that continues to grow increasingly diverse. This study will explore the concept of an intercultural friendship, the importance of exposure to multicultural populations especially in adolescence, in relation to the positive relationship between attitude similarity and interpersonal attraction, and how to overcome barriers preventing communication. In order to evaluate the idea of turning enemies ofRead MoreEarly Childhood Educators Promote Diversity, And As A Result Improve Academic Outcomes1413 Words   |  6 Pagesmore multicultural, the need for educators to provide support to different family structures increases. This review will examine strategies utilized by early childhood educators to promote diversity, and as a result improve academic outcomes. Most data related to diversity in the classroom is derived from research in pre-school and Head Start programs. Although there are other avenues for early childhood education, including home-based and center-based childcare, this research will focus on pre-KRead MoreThe Importance Of An Inclusive Learning Environment For My Students1304 Words   |  6 PagesMargetts, 2013, p. 29). Together with some other factors including gender, socioeconomic status (SES) and experience such as education, people form their own personal identity (Hewitt, 1989, cited in Hitlin, 2003, p. 118) . In this paper, I would demonstrate how my personalities are shaped by the above factors in a way that enables me to understand the importance of an inclusive learning environment for my students, particularly Indigenous students in Australia, and affects my way of teaching them as wellRead MoreThe Purpose Of Public School Education1678 Words   |  7 PagesThe purpose of public school education is to provide students with the tools and skills to continue to higher education, and to help them pursue their goals and dreams in life. It is meant to provide inspiring, positive and culturally affirming experiences that make students excited to learn and succeed. While many students are prepared properly in public schools, this is not true for all. For several students, education is not stimulating, and is dull and boring, or perhaps provides negative andRead MoreRacial Awareness And Racism And Stereotypes1529 Words   |  7 Pagesmind about different races, as they should act as model s to the students. I believe that if teachers educate and enlighten their students about race and cultures, it would lower the chances of racism. Racial awareness is key in the early years of education as it allows students to develop more knowledge, therefore preventing racism and stereotypes. Instructors can model racial awareness to their students by incorporating racial diversity in their courses and moderating productive class discussionsRead MorePreschool Environment Is The First Exposure That Many Children Make When They Transition From Home2060 Words   |  9 Pageshome language and culture. It also enriches the lives of all children by bringing them together in an environment that teaches them to accept, respect, and appreciate individual differences in an increasingly diverse world. In order to better service the families and children in a diverse community, the program promotes multicultural in a play based learning environment. The preschool is located in the inner city. The largest racial group in the community is White (47% of the city’s population), HispanicRead MoreMulticulturalism in the Classroom: The Pros and Cons2266 Words   |  9 Pagesmulticulturalism is the emphasis and joining a fundamental multicultural, comprehensive viewpoint into the classroom environment. Given that there is no worldwide structure of a multiculturalism development that is faultless for attaining all objectives for all students (Chamberlin, 2005, p. 26), discovering a method to shape a multicultural basis for sequences across the disciplines may be a better goal for faculty in higher education organizations. Multiculturalism is an idea that cannot be overlooked

Wednesday, May 6, 2020

The Form And The Literary Style Of Wisdom - 1456 Words

Discuss the content, the form and the literary style of wisdom as presented in Proverbs 11 Wisdom literature within the Old Testament consists of a broad collection of books that reflect on Israel’s religious faith. Within the Catholic designation, seven books that of Proverbs, Job, Psalms, Ecclesiastes (Qoheleth) Song of Songs, Sirach and Wisdom are proffered. These books differ in both style and subject matter, nonetheless they share common characteristics which distinguish them from other biblical books. Wisdom has a focus on divine salvation proclaimed by the Torah and prophets, whilst displaying a slight interest in Israel as a nation historically. There main emphasis is in addressing the problems of why there is suffering,†¦show more content†¦Proverbs encapsulate the human experience in its universality and comprehension, and is a classic example of postexilic composition, with a lengthy history dating back to the Solomonic era. Some sayings have been attributed to the civilisation of the Sumerians in 3000 B.C. with later additions by Solomon not written down until two centuries later in the time of King Hezekiah of Judah. Other smaller collections are attributed to wise teachers and kings. Proverbs is a book largely made up of maxims or in Hebrew the mashal. The sayings within offer a key to proper conduct in the course of daily living and cover everything from table manners to sexual behaviour in setting forth the norms for a good life. It is based on the reverence for God and obedience to his laws with the â€Å"fear of the Lord† the essence of all true human wisdom. The origins of the Wisdom (personified as a woman) literature are often identified with court circles where young men were trained in the discipline and skills of royal life. Israel was not alone in this with many example of this type of wisdom on other Near Eastern culture. Education was seen as valid and applicable to much of life’s circumstances and suitable to that of a postexilic monarchy. It is generally alleged that it was after this p eriod that ‘proverbs’ were collected and edited. It is proposed that some of the collections of proverbs originated within family and

Tuesday, May 5, 2020

HR manager interview free essay sample

1- What made you choose HR to be your career? Answer: I work well with people and I have great communication and organizational skills. I like to be treated as a valuable person that 2- Tell me about your company’s culture. Answer: The culture of the company is diverse as it is an equal employment opportunity employer. 3- What, according to you, are the qualities that an HR executive/manager must have? Answer: An HR executive must have leadership skills, excellent communication skills, good writing skills, and strong organizational skills. 4- What does your hiring process look like? Answer: We have a recruiting specialist that publishes job postings on multiple online sources, including various university websites, LinkedIn, Monster, etc. The recruiting specialist selects qualified applicants who are then called for an initial screening over the phone. The information from the phone screening is discussed with the manager. If the applicant possesses all the desired qualities, they are then called back for a face-to-face interview. We will write a custom essay sample on HR manager interview or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The hiring committee consists of multiple individuals that vary based on the position (these individuals can include the benefits specialist, training specialist, HR business partner, etc). Each member interviews the applicant individually. The applicant is asked a series of questions. After the interview, the members of the hiring committee meet to discuss the applicant and make a final selection. 5- Do you have an HR system? If yes, what is it? Is it effective? Answer: We use a software system called Ceridian that tracks all employees, both active and terminated. Terminated employees are kept in the system for legality purposes. The system also tracks PTO hours, benefits, paychecks, etc. Employees can find all this information there. We also use a Learning Management System (LMS) called Saba. This is a training database that stores all the training the employees have completed. 6- Does your company do exit reviews? If yes, how do utilize the information? Answer: We do exit reviews in an effort to understand why the employee left. It is also an opportunity to transfer knowledge and experience before the employee leaves. 7- What type of performance assessment system do you use in your organization? Is it effective? Answer: 8- What methods do you use to ensure diversity within your organization? Answer: When we hire an employee, we use a targeted selection to collect job-related behavior. 9- What BDs (Business Developments) do you use to develop your staff? Is it effective? Answer: 10- How does pay/salary background helps with deciding the salary for a new applicant? Answer: Thank you for your time and efforts!

Friday, April 10, 2020

Personality Theory Analysis free essay sample

Allen Fork Humanistic and existential personality theories have gone to change the focus Of psychological views from the cause Of behavior to the set individual. Carl Rorers person-centered theory along with Roll Mays existential psychology go on to concentrate more on present and future experiences of the individual person rather than to focus on their past experiences that have gone on to cause the persons current mental state. Psychological health in its importance should be emphasized, the way avis accomplished as well as how important it is to maintain it as well. The dark parts of realty that are experienced by people of poor psychological health can benefit by this because issues can be brought out to the light. The person-centered theory is a humanistic approach to personality. Some basic assumptions to this theory include ones natural tendency to move toward their full potential and ones maintenance of their self-concept (Feisty Feisty, 2009). We will write a custom essay sample on Personality Theory Analysis or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Existential psychology focuses on the essence of humanity, the realization of being-in-the-world, the avoidance of nothingness, and how choices are driven by free will (Before, 003).In these two theories it is discussed how certain situations can affect behavior as well as vice versa. Both person-centered and existential psychology theories have some factors that share personality, though they as well have differences in ideas of what truly comprises personality. The two theories both suggest that the psychological health involves relationships, like how a person functions in their interpersonal relationships, how one is treated interpersonally, as well as the presences or lack of interpersonal relationships. Rogers and Mays person-centered and existential psychology eve both very unique views on situational behavior. Normally a situation may affect a persons behavior, or a persons behavior may affect a situation. Truthfully, there are many factors to be considered when viewing behavior from a situational standpoint. The Person-centered theory makes the claim that the individual person will aim towards their own full potential. This in turn means; ideally the individual will respond to situations in ways that will be attributed to their self-concept.According to Rogers, people have two selves that make up the self-concept which are known as the organism self ND the ideal self. Though, ones own self-concept may not be entirely accurate. Organism self refers to that of the experiences that may occur outside of the persons awareness. While the ideal self is in reference to the type of person, one wishes to be. People tend to individually respond to situations with behaviors that coincide with their self-concept.If one behaves in a way that is inconsistent with their self-concept, incongruence and a lack of psychological health will occur (Feisty Feisty, 2009). According to Rogers, individuals also respond to situations on three levels of awareness: below the horseshoed of awareness, or ignored; accurately symbolized and freely entered into the self-structure; or distorted because an experience is inconsistent with ones self -concept (Feisty Feisty, 2009). An experiences that a person is not aware of, are simply ignored, or if there are too many other stimuli taking priority.The experiences that are accurately symbolized and stay consistent with a persons own self-concept are then accepted openly. The experiences that are or become incongruent with a persons self-concept will be distorted in order to assimilate with ones own self-concept. This then reduces anxiety from the experience; however, the situations accuracy then becomes compromised. Now existentialism focuses hard and strong on a persons free will. This then means that the individual has the freedom to make decisions on any situations to include inactions.Thus, any behaviors that are experienced are a direct result of any decision made by the individuals own exercised free will. That is why intentionally refers to the underlying structure, or intentions too, that allow for individuals to make the decisions they make about the future. Intentionality leads to a decision or action, depending on the situation (Feisty Feisty, 2009). This is consistent with Rogers theory because of the fact that both of the theories stray from determinism. Determinism is the philosophy that all behavior is in some form a response to that of factors in ones environment.For this reason it is believed that no individual has true actual control over their behavior. In accordance to existential psychology, anxiety tends to influence situational behavior. Anxiety is a feeling that is best described as an experience by an individual when they eve come to the realization that either their existence, or the aspect valued by their existence is at risk of being destroyed. This is idea may be consistent with the aspect of non-being, or with the knowledge that ones very own existence may cease to exist at any time.Knowledge of ones self being part of the world, or their existence as a part of nature and time which gives need to the realization that if one can be, or exist, they as well cannot be, or not exist, and therefore be nonbinding. These very concepts drive behavior in almost every situation, where one tries to strive for a place in the world and o maintain well-balanced psychological health. Anxiety can occur as normal or neurotic anxieties. Normal anxiety is a fear that is in some way comparable or proportionate to threat, therefore it is warranted and can be consciously confronted.So if a person confronts a situation with normal anxiety, then the result can be constructive as well as instrumental to the individuals development. Therefore Rorers might agree with this concept due to the fact that anxieties can aide in a persons individual growth and potential. Neurotic anxiety on the other hand is a fear that is disproportional to a situation. The results for a person confronting situations with neurotic anxiety can retain experiences from ever reaching awareness, this resulting in a surrender of ones opportunity to learn and grow as a person. Neurotic anxiety ceases growth in a person to reach potential. The characteristics of a persons personality are factors that can attribute to a person depending on how their thoughts and behaviors vary. All individuals have different personality characteristics, and different personality theories propose different characteristics to personality. Characteristics of personality development that re seen in the person-centered theory are the organism and ideal self, together constituting to ones own self-concept.Rogers believed there were factors that contributed to the fully functioning person, or one who has reached self-actualization. The first characteristic is the one in which a person has to be open to new experiences and be willing to work through them, so if a person denies to do So with the experience then they cannot reach their potential. The next characteristic is existential living which is consistent with existential psychology in that they both emphasize on the importance of Ewing-in-the-world. So if one is in touch with themselves and their surroundings, then they can appreciate life as it happens, and avoiding preconceptions.Trusting in ones own feelings and instincts is very important for one to have a healthy personality. This helps the individual to reduce second-guessing their own incongruence. Now, creativity is very same to openness, but it includes one to seek out adjustment to new experiences as well as accepting new ones. The last characteristic, a fulfilled life describes ones contentment with life (McLeod, 2007). Personality characteristics that re described by existential psychology go to include any phenomena that occur with an individual.So according to existential theorists, all of the contents of the consciousness, relationships, thoughts, events, images, memories, fantasies, play a role in developing an individuals personality. Both person-centered and existential theories go to support that ones move toward self-actualization and self-acceptance, personality characteristics are important to existential psychology and are more generalized, like awareness, being present, continually creating existence through phenomena, and one Ewing self-aware.The thing about Humanistic and existential psychological theories is they also emphasize the important part that interpersonal relationships play. Like the ways in which one also relates to other individuals and how likewise in the ways which individuals relate to them. Strong interpersonal relationships often go along with good psychological health. According to Rorers, having positive interpersonal relationships become very imperative to a persons psychological health. Rogers also emphasizes the importance of unconditional positive regard.Unconditional positive Edgar is in reference of being warm and accepting toward an individual, and doing it without evaluation a nd reservation. This in turn is complete acceptance towards an individual without having possessiveness this helps someone to feel comfortable and allowing for a person to grow. As for empathy among or between individuals, it allows for them to feel understood by one another without feeling judged. The receiving of unconditional positive regard and empathy allows for the individual to grow toward self- actualization and also achieve psychological health.Counter to unconditional costive regard and empathy are conditions of worth. Conditions of worth involve ones perception of their acceptance based entirely on whether they meet the expectations of others to receive approval (Feisty Feisty, 2009). So when relationships are formed on conditions of worth, the individual can only behave in approved manners and ways in order to be accepted, and therefore cannot reach self-actualization. Unlike person-centered theory, existential psychology focuses more individuals as separate beings in the world, and th at each and every single individual must also accept their own separateness. It is also on the person to be responsible for creating meaning for them self. It is also ones own responsibility to accept themselves and finding some kind of meaning, but interpersonal relationships still go on to play an important role in existential psychology. Love and will are two concepts that, according to May, need to be reunited. Love and will refers to the delight experienced from and the value held for another person; will is the organization that directs movement toward a goal (Feisty Feistier 2009). The combination of love and will helps to allow individuals to move toward, ND express, their care for other individuals.Being true with oneself and with individuals helps people to develop deep interpersonal relationships and good psychological health. Authenticity Gives meaning to ones life by eliminating the separation of subject and object (Feisty Feisty, 2009). People that are authentic and strive for truth need start with being honest with themselves, and extend it to their interpersonal relationships. Authenticity stays consistent with Rorers concept of congruence. If one lives a life that is an authentic lifestyle, then according to Rogers, their behavior will also be incongruent with their own self-concept.In conclusion, both of these theories show that behavior is not determined, but that one operates by their own free will. Also those interpersonal relationships have a role to play in both theories as well. Personality characteristics for the person-centered theory include factors that will lead to a fully functioning person, or to that of one who has gone to achieved self-actualization. Now, personality characteristics, according to existential psychology, involve awareness and the creation of existence through that of experience.

Monday, March 9, 2020

Third-Person Singular Forms of Verbs in English

Third-Person Singular Forms of Verbs in English In English grammar, the third-person singular verb ending is the suffix -s or -es thats conventionally added to the base form of a verb in the present tense when it follows a singular subject in the third person (for example, She waits and watches). Third-Person Singular Verb Ending Most verbs in English form the third-person singular by adding -s to the base form (sings, gives, requires).Verbs ending in -ch, -s, -sh, -x, or -z form the third-person singular by adding -es (watches, misses, rushes, mixes, buzzes).Verbs ending in a consonant y (such as try) form the third-person singular by changing the y to i and adding -es (tries). As their name suggests, certain irregular verbs have special forms. The third-person singular of be in the present tense is is, the third-person singular of have is has, the third-person singular of do is does, and the third-person singular of go is goes. Examples of Third-Person Endings Experience is a hard teacher because she gives the test first, the lesson afterward. (attributed to Vernon Law, pitcher for the Pittsburgh Pirates baseball team)Hip Hop theology not only embraces the sacred; it dines, sleeps, laughs, cries, loves, hates and lives with the profane. (Daniel White Hodge, The Soul of Hip Hop: Rims, Timbs and a Cultural Theology. IVP Books, 2010)A bear, however hard he tries,Grows tubby without exercise.Our bear is short and fat,Which is not to be wondered at.(A.A. Milne, Teddy Bear. When We Were Very Young, 1924)Man hunts and searches on his whirling globe and whenever he unearths a miniature truth within his environ, he thinks himself close to the peak of science. (Dagobert D. Runes, A Book of Contemplation. Philosophical Library, 1957)The ball, rocketing off the crotch of the rim, leaps over the heads of the six and lands at the feet of the one. He catches it on the short bounce with a quickness that startles them. (John Updike, Rabbit, Run. Alfred A. Knopf, 1960) For mothering chicks, a stove has one real advantage over a hen: it stays in one place and you always know where it is. Right there its advantage ceases. In all other respects, a hen is ahead of any stove that was ever built. (E.B. White, Spring. One Mans Meat. Harper, 1942)Billy closes his door and carries coal or wood to his fire and closes his eyes, and theres simply no way of knowing how lonely and empty he is or whether hes as vacant and barren and loveless as the rest of us arehere in the heart of the country. (William H. Gass, In the Heart of the Heart of the Country. In the Heart of the Heart of the Country, 1968)If an apparatus is capable of determining which hole the electron goes through, it cannot be so delicate that it does not disturb the pattern in an essential way. (Richard P. Feynman, Six Easy Pieces. Perseus, 1994) Subject-Verb Agreement With the Third-Person Singular Most subject-verb agreement problems occur in the present tense, where third-person singular subjects require special verb forms: regular verbs form the third-person singular by adding -s or -es to the base . . .. (Laurie G. Kirszner and Stephen R. Mandell, Writing First With Readings: Practice in Context, 3rd ed. Bedford/St. Martins, 2006)A singular noun requires a singular verb; a plural noun requires a plural verb.In general, the first- and second-person singular forms of the verb and all plural forms of the verb are the plain form- for example, run. Variation appears in the third-person singular (as in runs)the verb form that matches the pronouns he, she, and it and other third-person subjects, such as the boy, the dog, and the car. . . .The verbs to be, to have, and to do are irregular. Unlike other verbs, the verb to be also varies in person and number in the past tense. (David Blakesley and Jeffrey L. Hoogeveen, The Brief Thomson Handbook. Thomson Wadsworth, 2008) The Evolution of English: From -eth to -(e)s The Renaissance brought several changes in English grammar and syntax. In the sixteenth and seventeenth centuries, the –eth third-person singular verb ending (e.g., followeth, thinketh) began to die out, though some common contractions of these forms (e.g., hath for haveth, doth for doeth) persisted into the late seventeenth century. (The Broadview Anthology of British Literature, 2nd ed., ed. by Joseph Black, et al. Broadview Press, 2011)[W]e know that the originally northern third-person singular verb ending -(e)s spread conclusively to the south during the early modern English period to give she walks, he writes. Nevertheless, there is an ostensibly odd, opposing development whereby some Scots writers at this time adopted the otherwise declining southern -(e)th (e.g. she helpeth), retaining it right into the seventeenth century. A closer examination of the corpus data shows that many of the verbs with -(e)th, in fact, have a stem ending in a sibilant sound, like ariseth, ca useth, increaseth, produceth. (April McMahon, Restructuring Renaissance English. The Oxford History of English, rev. ed., edited by Lynda Mugglestone. Oxford University Press, 2012) Frequency of Third-Person Singular Pronouns Third-person singular is the most frequent subject in the corpus; it accounts for 45% of all utterances. Sixty-seven percent of these clauses (626/931) are present tense, 26% (239/931) are past tense, and 7% of these predicates (66/931) contain modal auxiliaries. Third-person singular, however, is a much more complex member of the English category person than are first and second person singular subject pronouns (though the latter two are not without functional variation). (Joanne Schiebman, Local Patterns of Subjectivity in Person and Verb Type in American English Conversation. Frequency and the Emergence of Linguistic Structure, ed. by Joan L. Bybee and Paul Hopper. John Benjamins, 2001)

Saturday, February 22, 2020

Differences between internal and external audit Essay

Differences between internal and external audit - Essay Example Differences between internal and external audit Internal and external audit differs in terms of objectives, scope, level of independence of the auditor, and methodology. Objectives The internal auditor’s objective is to ensure that sound risk management and control systems are in place to prevent errors and fraud from occurring. The external auditor’s objective on the other hand is to ensure that the accounts show a true and fair view. Therefore the necessary tests should be carried out to ensure that the financial statements can be relied upon to give a true and fair view. Scope of Work The scope of the internal auditors work is dependent on the management and directors of the organization. It is normal that less emphasis is placed on materiality considerations. The scope of the external auditor’s role is laid down in the state. Their primary concern is to ensure that the financial statements are free from material misstatements. Independence The internal audito r’s is employed by the organisation and the internal audit function is determined by management. ... University The internal audit at a University would report to the University Council through the Audit Committee on the systems of governance, internal control, value for money and the extent to which strategic initiatives that have been undertaken at the University are achieving their goals. The scope of the internal auditors work is wide as it covers non financial areas within the University. It consists of multiple audits in any one year and involves a range of areas in the University’s operations. Internal audit is would be part of the internal control system of the organization. The internal auditor would be required to prepare a risk based plan annually. The work will be performed on the most risky aspects of the University’s operating environment first. External Audit Procedures at a University The external auditor’s procedures which represents a statutory requirement checks whether the University’s accounts present a true and fair view of the finan cial position. A plan is prepared based on an assessment of the University’s operating environment. This activity is normally performed at after the end of the financial year. However, the external auditor may seek to carry out an interim audit during the course of the year so as to lessen the amount of work done at the final year end audit. The interim work normally include risk assessments to determine where weaknesses exists that could result in material misstatements of the financial statements. The external auditor would also evaluate the work of the internal auditor to determine if the external audit work could be reduced (CICA 2010). Similarities between Internal and External Auditors Both internal and external auditors are required to plan their work in relation to their objectives in carrying out