I Am A Mathematics Tutor At Math Learning Centre - 1951 Words

I am a mathematics tutor in Vancouver Island University at Math Learning Centre (MLC) where I help students who have trouble with mathematics questions in solving problems. My career is teaching and coaching, thus I need to use my valuable knowledge in giving a helping hand to students who experience trouble with their assignments. In practice, I use logic and rationality to solve mathematics problems for students. This photograph was taken at my workplace with a student who asked sought help for another student who had trouble with her assignment on October 16th, 2015. In the photo, a picture related with mathematics was on the wall and there were many mathematics books in the locker behind me, and this revealed the mathematics atmosphere in the workshop. In order to highlight myself during the working time, the photo did not display other students were studying mathematics in the workshop. From the close look, the name tag at the front of the desk provides evidence that I am a math tutor at MLC. It also signifies my expertise in mathematics. Moreover, in this picture, I was teaching a student how to solve factorization problems, which indicated that I have listening, communication, as well as, analytic and problem solving skills. The photo also implied I possess interpersonal skills, especially self-awareness and self-management. For instance, I am good at mathematics so I felt self-confident to solve math problems for the student in the photo. Moreover, I am a personShow MoreRelatedResearch Task : Newcastle College3427 Words   |  14 Pagesbring to it. Answer: Good maths teachers are in demand at all times as maths is compulsory during primary, secondary schooling. A career in maths offers the highest job satisfaction of giving young people the chance to overcome a subject that is crucial to their continuing success. Once I qualified after getting the expert training as a tutor of maths, I will benefited from a competitive starting salary and opportunities from a speedy career. I will be ensured that I am doing a right job that isRead MoreThe Naplan ( National Assessment Program Literacy And Numeracy1948 Words   |  8 Pagesteachers to refine the core curriculum framework, in order to address students who may require different methods of teaching to suit their learning abilities. Details relating to affective learning development in specific year levels, effects of socio economics and ethnicity on learning, are some essential details required to allow for solutions to improve learning for all, in all schools K-12 in Australia via the national curriculum (ACARA.nd,). An adults collective years of knowledge, allows problemRead MoreA Research Task For Pgce, Newcastle College3476 Words   |  14 PagesAnswer: Good maths teachers are at in demand at all times particularly as maths is compulsory during primary, secondary schooling. I will surely be benefited after getting the expert training as a tutor of maths. A career in maths offers the highest job satisfaction of giving the young people the chance to overcome a subject that s primary to their continuing success. Once I have qualified, I will benefit from a competitive starting salary, opportunities from a speedy career and pay rise. I will be ensuredRead MoreAssignment 302 Task A2 With Comparative Teaching And Learning1993 Words   |  8 Pagesteaching and learning approaches in education and training Gavin Hayden Word count 1,965 Task Ai Briefing document Produce a briefing document for a new member of staff who will be delivering classes in your specialist area embedding functional skills. The document should demonstrate your understanding of: A) The key features of inclusive teaching and learning (ref. 1.1) Inclusive learning is about ensuring all your learners have the opportunity to be involved and included in the learning processRead MoreMy Personal And Professional Development2164 Words   |  9 Pagesaccount of my scientific knowledge, skills, experience and qualities acquired both from previous qualifications and learning that have contributed to my overall personal and professional development. I grew up in India where I was lucky enough to have been educated in one of the best schools (Presentation Convent High School) which promoted a healthy, competitive and challenging learning environment. It offered a good equilibrium of academic and extra-curricular opportunities. Getting involved in suchRead MoreAward In Education Training 650231182 Words   |  105 PagesPedagogy (teacher centred); b) The 4 learning styles and being able to provide a variety of activities within your lesson to address the four Learning Styles (where appropriate) – i.e. andragogic rather than pedagogic teaching methods involving student centred learning strategies with pair and group work - where appropriate; c) Blooms Taxonomy of Learning Designing a logical progression in the work you make the students undertake, i.e. Bloom’s ‘steps’ in the Learning Domains (Cognitive – head, knowledgeRead MoreSMSC12647 Words   |  51 Pagesin the teaching and learning process. The following are some examples: to develop the pupils’ capacity for critical and independent thought to foster the emotional life of individual pupils, particularly with regard to the experience and expression of their own feelings to provide opportunities for the expression of imagination, inspiration, insight, empathy and understanding to promote opportunities for moments of stillness, silence and reflection to prepare learning materials and activitiesRead MoreRelationship Between Personality and Achievement in Nursing Student6955 Words   |  28 PagesI S S U E S A N D IN N O V A T I O N S I N N U R S I N G E D U C A T I O N A path model of factors inï ¬â€šuencing the academic performance of nursing students Richard Ofori BEd MSc RNT RMN Lecturer, School of Nursing, University of Salford, Manchester, UK and John P. Charlton BSc PhD Research Fellow, Psychology and Life Sciences Subject Group, Bolton Institute, Bolton, UK Submitted for publication 30 March 2001 Accepted for publication 13 February 2002 Correspondence: Richard Ofori, SchoolRead MorePtlls Level 311404 Words   |  46 Pagespractice that directly impact on your teaching. c. Identify the legislative requirements and codes of practice that directly impact on your learning environment. ANSWERS 1.1. †¢ Explain what your actual or perceived role, responsibilities and boundaries are as a teacher in terms of the teaching/training cycle. I intend to continue to be a trainer in management and in the security sector. The role, responsibilities and boundaries of a trainer are ever changingRead MoreSantrock Edpsych Ch0218723 Words   |  75 Pagescognitive development. These are some of the questions we will explore: †¢ Do children develop in distinct stages, or is their development smoother and more continuous? †¢ How do children develop physically, and how does this affect their behaviour and learning? †¢ What is the best way to characterize students’ cognitive development? How might knowledge of students’ cognitive development influence the way you teach? †¢ How does language develop? What is the best way to teach students to communicate verbally

Through it All, Richard Nixon was a Great American

Richard Milhous Nixon was the 37th President of the United States of America. He was born in Yorba Linda, California. He was born to Francis Anthony Nixon and Hannah Milhous Nixon. He also was the second of five children, all boys. His brothers Harold and Arthur, died at an early age for him, when Harold died at 24. he was 20, and when Arthur died at 7 years old, Richard was only 12 years old. He was born on a ranch, living in a home his father had built. When the ranch didn’t prosper, the Nixon family moved to Whittier, California, to be closer to Hannah’s family. In 1930, he became enrolled in Whittier College, studying interests such as, drama, football, and student government. He then later graduated 7 years later, in June of 1937. In January of 1938, a mere year after he graduated, he enrolled himself in Whittier College once again, but this time, to pursue his new interest of law firm. Whilst continuing studying he met a Schoolteacher whose name was Thelma Catheri ne Ryan, who went by â€Å"Pat† for short. They married on June 21st, 1940. In January 19742, they moved to Washington D.C. After quitting his job, at the Office of Price Administration, he joined the Navy, where he served in Combat Air Transport Command. In 1946, at the end of the war, Republicans encouraged Nixon to run for congress, and in November of 1946, he won over the seat by more than 15,00 votes. In order to become the Senator of California, in 1950 Richard Nixon defeated Helen Gahagan Douglas, aShow MoreRelatedBiography of Richard Milhous Nixon Essay1194 Words   |  5 Pages Richard Milhous Nixon, a US President, resigned from office. Richard Nixon went through a lot of hard troubles to get to presidency to have to resign before he could finish his second term, even though he did some great deeds as president. Nixon despite his mistakes, made a great impact on the United States. Nixon’s childhood wasn’t the childhood one dreams of having. Nixon was born on January 9, 1913 on a lemon ranch in Yorba Linda, California. His parents were not wealthy which meant NixonRead MoreThe Watergate Scandal Of The United States1172 Words   |  5 PagesNegligent Nixon: The Watergate Scandal The President of the United States is one of the most coveted, but difficult positions to obtain in the world. Every four years a new leader is elected to uphold the supreme laws of the land that make up our constitution. The president is sworn into office on their inaugural day in January where they are sworn to faithfully execute and support all laws in the constitution, delegate international matters, and be an advocate for the people. As the new leader ofRead MoreSpeech : An Analysis Of Richard Nixons Speech1441 Words   |  6 Pagesthe 1952 presidential election, vice-presidential candidate Richard Nixon confronted a selective political persecution. He was targeted, possibly by those within his own party, by the drudging up and the exposing of a slush fund, in which Nixon used to pay for extra governmental expenses. Instead by heeding to the political pressure and removing himself from the ticket, like those who created the scandal would have wanted, Richard Nixon delivered a n impeccable thirty-minute speech, in which he notRead MoreThe Watergate Scandal Essay example1189 Words   |  5 Pagesconstitutional crisis which broke out in 1972 during the presidential reign of Richard Nixon, remains a mysterious happening even today. Some details, people, events, degrees of involvement, and reasons are still unresolved. But what began as a third-rate burglary on June 17, 1972 escalated into a full- blown scandal that had a resounding effect on how many Americans viewed the government of their country. nbsp;nbsp;nbsp;nbsp;nbsp;Richard Nixon’s presidency and Watergate triggered a first-rate national scandalRead MoreAmerican History: The Vietnam War1670 Words   |  7 Pagesâ€Å"Nixon Wins By Thin Margin† read the front page of the New York Times on Thursday November 7th, 1968, two days after Election Day. Richard Nixon won about 4 times the margin he lost to John F. Kennedy in 1960. The craziness that occurred during the election went hand in hand with the chaos of 1968. In this election, there were three candidates: Richard Nixon of the Republican Party, Hubert Humphrey of the Democratic Party, and George Wallace of the American Independent Party. The candidates did notRead MoreRichard Milhouse Nixon Essay1060 Words   |  5 PagesRichard Milhouse Nixon Richard Milhous Nixon was born to Frank and Hannah Nixon on January 9, 1913. He was the second eldest son of five sons and was born and raised in Yorba Linda, California. His father worked as a jack of all trades until buying a family operated store where Richard worked as a child. Hannah Nixon taught Richard to read young, and by age five he was solidly progressing in the three Rs. Throughout school Richard was always among the top of his class and upon graduationRead MoreAmerica s War On Drugs1539 Words   |  7 Pages On June 17th, 1971, President Richard Nixon declared drug abuse to be â€Å"America’s Public Enemy #1† in a press conference in which he called for an â€Å"all out offensive† against this enemy, an initiative that would later be known as America’s War on Drugs. By giving this speech, thus starting â€Å"The War on Drugs,† President Nixon created what would eventually become one of the most catastrophic failures in United State s political history. Analysis of the historical events surrounding Nixon’s declarationRead MoreRichard Nixon Essay628 Words   |  3 PagesRichard Nixon History will inevitably forgive Richard Nixon. Despite his obvious unlawful mistakes, he made a good president. Until 1968, most Americans saw Richard Nixon as a political has-been, a dour pre-McCarthy hunter of Communists. In 1968, however, Nixon won the Presidency by presenting himself as a healer of divisions. He demonstrated that he had greater ability to reinvent himself than any other modern politician. More than any other figure between the death of Franklin D. RooseveltRead MorePlan of Investigation 1501631 Words   |  7 PagesKissinger’s, and in a broader range, Richard Nixon administration’s diplomacy with China. Summary of Evidence 695 In the first two decades of the postwar period, U.S-Soviet relations were characterized by many fits and starts. The relationship between the three nations of the US, the SU, and the PRC were tepid, with no real inclination in establishing amity among themselves. Prior to the Nixon administration, direct communication with the People’s Republic of China was very limited, with closed meetingsRead MoreThe American Role During The Vietnam War Still Sparks Much Debate Today1390 Words   |  6 PagesThe American role in the Vietnam War still sparks much debate today. There is a sharp focus on the Americans role in the Vietnam War because of the tragic end for the South Vietnamese. The United States faced much criticism world wide through literature during the war that continued after the war ended in 1975. The American governments reasoning for getting involved was to prevent the spread of communism in South Vietnam and to essentially prevent the domino effect. South Vietnam ha d no hope of winning

Foxconn’s Labor Condition Free Essays

string(122) " suggest Foxconn to increase the basic salary, hire more employees and provide more training to solve the above problems\." Introduction (A)Background of Foxconn Foxconn is the subsidiary of the Hon Hai Precision Industry Co. , Ltd. , which is a Taiwanese multinational electronics manufacturing company headquartered in Taiwan. We will write a custom essay sample on Foxconn’s Labor Condition or any similar topic only for you Order Now It is the world’s largest maker of electronic components. Foxconn is primarily an original design manufacturer and its clients include major American, European and Japanese electronics and information technology companies. Notable products manufactured by the company include iPad, iPhone, iPod, PlayStation, etc. Foxconn has factories in many different countries, which together assemble around 40 percent of consumer electronic products in the world. The reason why Foxconn become famous is that it helps Apple to assemble iPhones. In recent year, demand for Apple’s products increase dramatically. Foxconn thus mainly focus on assemble its products and receiving fewer orders from other company. However, Foxconn has been involved in several controversies, most relating to how it manages employees in China since it is the largest private-sector employer. The employees’ suicide cases are reflecting on this problem. Therefore, Apple hired the Fair Labour Association to conduct an audit of working conditions at Foxconn in 2012. (B)Issue of the news Strike was happened in Zhengzhou factory of Foxconn in 5 October this year. Three to four thousands of employees stop working. This may affect the progress of the production line for assembling the iPhone 5. The poor working conditions are the main reason lead to the strike as Foxconn did not concern about the physical and mental health of employees. The long working hours make employees feel tired. Their effort put into the work did not have reasonable return as they only earn a very low wages for such a long working hour. Employees therefore cannot concentrate on their works. Moreover, Employees face high pressure working at Foxconn. Recent news had pointed out that Foxconn workers were fail to meet the high product quality standard of Apple, because the structure of Iphone 5 is more complicated and workers have not been given enough training before they start their work, so high failure rate is obtained. The long working hour and the unsatisfactory in the production of the iPhone 5 make employees therefore face tremendous psychological pressure. Although the spokesperson explains it is only the employee dispute and will not affect the factory production. We disagreed that the strike did not bring any negative impact to Foxconn. In this report, we will examine the consequences of the strike and recommend suitable methods to solve the problem in order to minimize those negative impacts bring to the Foxconn. Causes FLA has investigated that Foxconn was fail to provide reasonable work time, compensation as well as working condition for the workers. For instance, more than 40 percent of workers had experienced or witnessed an industrial accident in the factory. (A)Long working hour with low wages The long working hour is unreasonable to the workers. In Foxconn, workers have to work for twelve hours per day excluding overtime working but they only have two to three holidays per month. Thus, they need to work over seventy hours per week and they can only get one holiday after working for ten to fourteen days. The average number of hours worked per week at Foxconn is found to be exceeded both the Fair Labor Association (FLA) Code Standard of sixty hours per week and the Chinese legal limits of forty hours per week. The wages of the workers are also relatively low. After raising the wage in 2010, the basis wage of a worker is about two thousand dollars per month. It is not reasonable for such a long working hour but the wages is so low. If the workers want to earn more, they need to work over time so that they can earn about four thousand dollars in which over 70% of the wage are overtime pay, reward and allowance. B)High pressure Leadership had high demand requirement for the quality of iPhone 5, for example the appearance of effect can only within 0. 02 millimeters. But Foxconn did not provide any training course for employees, employee faced difficulties in producing such perfect iPhone 5 under the strict requirement. Supervisor blamed the assembly workers every day not only because of t he failure in producing the perfect product but also because of receiving so many complaints about the appearance of iPhone 5 from all over the world. In Foxconn, worker is like a machine. Workers are specialized to maximize the productivity of the factory. They are required to complete each action in two seconds. Furthermore, workers who go to toilet more than ten minutes, talk or fail to meet the product targets will receive warning or even dismiss. The workers therefore are under pressure due to the tight schedule and the dissatisfaction of the products’ quality from the ultimate users, the supervisor and themselves. Consequemces Employee is a very important asset of a company as it can’t function well without enough manpower. It is very obvious in the manufacturing company that without enough workers it cannot produce the goods on time which may affect their profit as well as their reputation. Foxconn may need to delay or even fail in delivering the iPhone 5 to Apple on time due to the strike. It may need to compensate the loss that Apple incurred due to the insufficient supplies of iPhone 5 which may decrease the profit estimated by Foxconn. Also, the complexity in producing the iPhone 5 may increase the cost of production as the raw materials used may be more than expected while the imperfect iPhone 5 provided for Apple may affect the reputation of Foxconn. Besides, Foxconn’s bargaining power may decrease due to the failure in providing the products that the customers wanted. Recommedations We are confident that Foxconn may suffer loss due to the strike and we are going to give some recommendations to Foxconn in order to minimize the potential loss that may incur. We suggest Foxconn to increase the basic salary, hire more employees and provide more training to solve the above problems. You read "Foxconn’s Labor Condition" in category "Essay examples" (A)Increase basisc salary Employees in Foxconn receive low basic salary and they have to work overtime in order to earn enough money for maintain their living standard. According to the National Bureau of Statistics of China, the consumer price index of food, clothes and necessity increased by 5%, 3. 1% and 2. 2% respectively in October (compared to same period last year). ( http://www. stats. gov. cn/tjsj/jdsj/t20121112_402850686. htm). The inflation further increases workers’ burden of living. If Foxconn increase workers’ basic salary then they do not need to work overtime which may shorten their working hour. (B)Hire more employees Employing more workers can also shorten working hours. Foxconn is now using two-shift system, so workers need to work for twelve hours per day. If more workers are employed and three-shift system is used, workers only need to work for eight hours per day. Under this system, the factory can still maintain 24-hours operation while workers have shorter working hours. Besides, employing more workers can release workers’ great pressure. Workers are required to maintain high efficiency, so they are not allowed to do unnecessary things even talking and smiling. Based on the investigation, nearly half of the employees feel stressed while working (http://cn. nytimes. com/article/business/2012/11/06/cc06foxconn/zh-hk/? pagemode=print). If Foxconn employ more workers to share the heavy work load, workers do not need to work with the unreasonable high efficiency. Then, their high pressure can be released. (C)Provide more training By providing training resource to frontline workers, the workers are able to much more familiar with the technical knowledge of the products, and lower failure rate which may also reduce their pressure. For example, Foxconn can invite a specialist from Apple Incorporation, in order to introduce or demonstrate the technical knowledge about product manufacturing in front of the frontline workers. Therefore, the probability of making mistakes decrease, workers will not be punished and they can be more relaxed. Although the above practice will raise the operating cost of the factory, the potential benefits can resolve the existing problems of the company that is the settlement of the worker’s strike. How can the recommendation be beneficial to Foxconn The suggestion we recommended not only minimize the potential losses that may incur. It can also improve the overall situation of Foxconn in management accounting perspective. (A)Higher fixed cost structure Hiring additional employees lead to an increase in fixed cost, while increase in overtime pay rate lead to an increase on variable cost. Since the specialist salary and training materials are usually a fixed amount, the overall training cost is regarded as fixed cost in general. With the assumption that China has great growth potential, and the global economic atmosphere will be improved in the coming future, a low variable cost tructure and higher contribution margin ratio are most preferred. The reason is that Foxconn’s profit will increase more rapidly as sales increase, in other words, greater profit can be resulted in good years. In addition, our recommendation helps workers are able to take enough rest, so that higher efficiency can be achieved. (B)Ethical concern – CSR Apart from amending the cost structure of Foxconn, we suggest the managemen t should take account of corporate social responsibility in decision making process. With reference to the article of Foxconn worker condition, they received low paid relative to excessive worktime and they suffer in high working pressure, especially in assembling the Iphone 5. By introducing corporate social responsibility, Foxconn should consider the needs of all stakeholders including employees when making decisions. In details, it should provide safe and humane working conditions for workers. Also, it should pay fair compensation and provide opportunities for training, promotion and personal development. According to KPMG International Survey of Corporate Responsibility Reporting 2011, reputation on brand, ethical considerations and employees’ motivation are top 3 businesses imperative that drive companies into corporate social responsibility. It indicates how companies enjoy the result of corporate responsibility. Except voluntarily fulfilling the moral obligation, a company can develop a good image in society which enables them to attract loyal customers. With the positive reputation, the company will be distinguished from the others and become the customers’ preference. Besides, employees tend to stay in the company with goodwill and work hard with the enjoyment of being ethic. Thus, corporate responsibility increases employees’ loyalty and productivity. The potential benefits of corporate social responsibility will be the incentive of Foxconn to take their employees into consideration and provide better support for them in decision making process. Conclusion To sum up, we think that the strike may bring negative impacts to Foxconn and it should find ways to prevent it and solve it as soon as possible in order to minimize the loss which may incur. Our recommendations of hiring additional employees and providing training resources will lead to an increase in fixed cost, and net income will decrease consequently with the assumption that the variable cost keep constant. However, we believed that the decrease in profit can be compensated by the overall benefit bring to Foxconn by increasing the workers’ morale, production efficiency and higher product quality. More importantly, it helps Foxconn to create a positive public image. Since our recommendation will lead to a significant increase in fixed cost, Foxconn should pay attention to its sales volume. It is because increase in fixed cost will lead to an increase in break-even sales volume, so margin of safety will be dropped consequently. It means that the risk of incurring a loss will become higher. Therefore, Foxconn should ensure that current sales level should above or equal the break-even sales volume, and prevent from emerging loss. However, it is expected that Foxconn can still have a steady growth in sales volume in the coming future, because there is still huge demand in Apple products. How to cite Foxconn’s Labor Condition, Essay examples

Auditing Accomplish Objective Of Concluding-Myassignmenthelp.Com

Question: Discuss About The Auditing Accomplish Objective Of Concluding? Answer: Introducation: Analytical Procedure and Risk Assessment are two main activities performed by an auditor while auditing to accomplish the objective of concluding appropriate conclusion (DeFond and Lennox, 2017.). Analytical procedures are asignificant factor of the financial audit which assists an auditor to understand and identify its clients business and changes to determine possible risks in order to plan audit procedures. On the other hand, the Inherent risk is evaluated in each area with an objective of reducing it to an acceptable level (Cannon and Bedard, 2016). The present study is based on the application of analytical procedures, and risk assessment has been done for Double Ink Printers Ltd as an auditor. Further explanation relating to existing key fraud risk factors and inherent risk factors has been provided in the report. ASA 520 deals with therequirement and other explanatory details relating to theapplication of analytical procedures as substantive analytical procedures. In accordance with views of Griffith, Hammersley and Kadous, (2015) analytical procedures play an important role as an attention-directing device in the process of audit planning, used by auditors to identify the timing, nature and degree of their procedural. In accordance with the provision available in the standard the main purpose of using analytical procedures in this process is to make an increment in auditors plan for the better understanding of client business and determination of particular risks of anaudit by observing abnormal or unforeseen relationships or balances in data. In present scenario in case of audit planning of DIPL Ltd, the analytical procedures used might be inclusive of the following: Comparison of Accounting balance: make a comparison of the amounts of unadjusted trial balance with the amounts of adjusted tried balance of the preceding year balances available in balance sheet of DIPL Ltd.. Receivables and sales must be equal unless there is achange in the base of thecustomer, organizations credit policy or its practices of thecollection. Calculation of significant ratios: assessment of current ratio above various reporting periods of DIPL Ltd. This computing of current assets with current liabilities must be similar unless the business has changed its procedures regarding debtors and creditors. Estimate of ratios with the help of non-financial and financial data (Hayes, Wallage, and Gortemaker, 2014.). Regression analysis: Analyzing the amount relating to expenses of previous years and assessing the same for a present year along with adjustment of inflation of DIPL Ltd. The days sales outstanding metric of DIPL Ltd will be compared to the balance outstanding of previous years. This correlation between receivables and sales should remain about the same over time, unless some change in variant i.e. customer base exists, the manner in which credit is allowed to customers or its collection period. This procedure is part of ratio analysis. The balance which is carried to next year should be assessed and trend analysis of same should be analysed. This expense increase to a certain extent every year, thus inflation in same should also be assessed. If it is not assessed in appropriate manner than chances of fraudulent payments are more such as payment of fake employees etc. The four elements which are included as distinct stepsin the procedure of substantial analytical procedure have been specified below. They have been applied in context with data available regarding Double Ink Printers Ltd: Development of independent expectation:In thepresent scenario, accounts which are required to be analysed in detail are Purchases and Inventory, Revenue and Receivables, Cash, Inventory. The changes in method of inventory should be assessed in appropriate manner that whether the same represent books of accounts in more appropriate manner (Arens, Elder, Beasley and Hogan, 2016). The above-specified accounts are the most significant; thus the same should be assessed in detail Evaluating and ascertaining significant differences: A variety of substantive procedure is available and the same is chosen by the auditor in accordance with his objectives of theprocedure. In present case ratio analysis and trend analysis has been applied for accomplishing the objective. Ratio Analysis Trend Analysis: The three groups of ratios have been assessed in anappropriate manner: Profitability ratios (Amount in $) Profitability Ratios Formula 2013 2014 2015 Sales 34212000 37699500 43459500 Gross Profit Gross Profit / Sales *100 17.5509 16.1262 15.1969 Net Profit Net Profit / Sales *100 6.8958 6.07796 6.83897 As per the analysis, it has been concluded that even though, sales of DIPL Ltd. have been increased each year but gross profit net profit is not having increasing trend in that accordance. The reason for decreasing gross profit might be an increase in the cost of goods. It is necessarily required to be assessed in detail. However net profit does not have that much change even after a major change in interest expenses on loan taking during thecurrent year. The reason behind same can be an allowance for inventory obsolesce written back and amajor increase in revenue from operations and e-book storage fees. It should be checked in anappropriate manner. Liquidity Ratio Formula 2013 2014 2015 Current Ratio C A /CL 1.42485 1.46656 1.50073 Quick asset ratio (CA - Inventory) / CL (Khan, Serafeim and Yoon, 2016) 0.82798 0.94483 0.84727 Note: CA = Current Assets , CL = Current Liabilities An increase in trend of the current ratio of DIPL Ltd. can be assessed which means the liquidity of company has increased in comparison to previous years. As current ratio is more than 1 existsin the entire scenario which indicates that no issues regarding going concern assumption are present.However, the condition in case of quick asset ratio is not the same as it comparatively fluctuates. The reason for the change required to be assessed by asking the management about the reasons behind it and the same required to be resolved. Risk ratio Formula 2013 2014 2015 Gearing Ratio Long term loan finance / Equity Financials - - 0.61222 Interest coverage ratio Operating Profit Before Interest / Interest 40.9421 40.1257 2.78608 Indebtedness of a company can be analysed in anappropriate manner with theapplication of risk ratios. The increase in gearing ratio specifies that risk relating to increasing in non-payment of interest increases (Jiao, 2015). From above calculations, it can be assessed that a major change has occurred in interest coverage ratio and the same is due to theloan of $7500000 in thecurrent year. Even after taking aloan, thecompany is having thecapability of earning profits more than twice of its interest expenses which mean interest can be paid during lean times. Calculations relating to interest need to be verified with loan statement and other available documents. Investing significant difference and making conclusions If the results are significantly different as desired, the auditor must do discussion regarding this with management. A definite degree of uncertainty is required while discussing, as management might not research into anintellectual explanation, ormight befalse or hiding. The response of management must be looked and considered as valuable while conducting asimilaranalysis in the next year. Involvement of auditors is essential in analytical procedures. As per the provisions available in ISA 320, it is vital to document the applied analytical procedures for understanding the work done in more appropriate manner. Inherent risk can be specified as the receptiveness of an assertion regarding a group of transaction, balance or revelation relating to misstatement which might be material either on an individual basis or in aggregate with another misstatement before consideration of any related control (Knechel and Salterio, 2016). The same has been specified in ASA 200 Overall Objectives of Independent Auditor and conduct an audit in accordance with Auditing Standards. In present scenario in case of DIPL two inherent risk factors which arise from the nature of DIPLs business operations nature have been explained below along with reason behind same and the manner in which it will affect the possibility of material misstatement available in the financial statement: Inappropriate evaluation of allowance relating to obsolescence of Inventory: As per the study of Krahel and Titera, (2015) inherent risk result due to the failure of control or misleading information in the accounting system. In thepresentcase, as thecompany was following valuation of raw material at average cost and providing allowance relating to obsolescence of Inventory; but in present year they have decided to write back the same in books of account. As it will affect the profit, as well as the valuation of inventory and any error in this calculation, might lead to risk relating to incorrect valuation of inventory. This risk can be reduced through assessing in detail manner that what is the reason for changing the policy regarding valuation of Inventory and whether the same provide a more fairer view of books of accounts or not (Ruhnke and Schmidt, 2014). In case it does not provide afair view of books of account than the policy should be reassessed and alterationsare required to be done accordingly. Reconciliation and testing issue relating to New IT System: DIPL has decided to adopt a new IT system which is fully computerized and integrate the whole existing accounting process of organization. However, the system has been installed with theapplication of great pressure of the management and reconciliation and testing procedures continued until year end. Thus, the reports and calculation made by the system cannot be accepted without assessing the same in detail. The risk comprises the nature of inherent risk. Thus the same is treated as aninherentrisk. As the reports, calculations and account balances which are part of thefinancial report might be misstated. In accordance with views of Simunic, Ye and Zhang, (2017) thus, the overall impact of small errors due to this new IT system might increase the risk relating to a material misstatement in the financial statement. The same risk can be reduced by the auditor by applying test procedure on the new IT system to ascertain to what extent the report, account balances and other information pr ovided by the same can be relied on or not. ASA 240 Auditors Responsibilities Relating to Fraud in an Audit of Financial Report deals with issues relating to risk fraud factors existing in an organization. Fraud can be referred as abroad concept for the purpose of Australian Accounting Standard; though auditor is concerned with the fraud which results in amisstatement of the financial report whether intentional or unintentional (Toy and Hay, 2014.). It has been specified in ASA 240 that fraud risk factors mean situations or conditions which encourage committing of fraud or provide an opportunity of committing fraud. It case of DIPL following key fraud risk factors have been specified below along with the manner in which they will affect the conduct of audit: Pressure on management for theadoption of New IT system: In the present scenario, management of DIPL has been pressurized for adopting the new IT system to a major extent. Even though it had been complained by many times by the IT manager regarding the manner, it has been installed. Thus, as whole management is having various issues, thus same can result in opportunity available for fraud and gain undue advantage. The manner in which they will affect the conduct of audit: The same will affect the auditing procedure applied by the auditor for assessing the effectiveness of the system.The auditor can apply CAAT tools for analysing the transparency of the system (Van and et.al. 2014). Further for ascertaining whether all entered transactions have been included while preparing afinancial statement of the company; few dummy transactions can be entered into the system, and the impact of same on the financial statement can be evaluated. Internal Control system is deficient due to inadequate monitoring of control: No appropriate internal control system is present in DIPL for evaluating whether the provided obligations have been appropriately applied by the management or not. The same might result into revenue recognition higher in comparison to actual revenue. The manner in which they will affect the conduct of audit: This fraud factor will also have aneffect on the audit procedure applied by the auditor in acase like reports provided by management relating to various operations and activities of thebusiness. In accordance with views of William, Glover and Prawitt, (2016) the auditor will require increased recognition for corroborate management explanations or representing concerned matters. These risk factors will affect the audit procedures to be applied for providing anappropriate opinion relating to the financial statement of DIPL. References Abraham, S. and Shrives, P.J. 2014. 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