Key Learning Outcomes of the Module Essay Example | Topics and Well Written Essays - 1250 words

Key Learning Outcomes of the Module - Essay Example It shall reflect on how the process of working on my assignment in the group improved my understanding of the issues that have been raised. Reflection on Key Outcomes It can be stated that reflection lies around the notion of learning. Reflection is referred as the process of working upon what has been already been known. It is essentially done in order to consider the acquired learning in greater details. It can be considered as a mental processing that can be utilised in order to fulfil the objectives or attain certain probable outcomes (Moon, 2001). The overall study was a learning experience for me. It helped me to identify the ways to work in a group. I recognised the fact that it is quite significant for the senior members of the audit team to review all the pertinent matters taking place from the audit and also to reconsider the financial statements. Furthermore, it came to my understanding that internal control system tends to comprise the control environment as well as contr ol procedures. Moreover, it further comprises all the procedures as well as policies in order to ensure that the business is conducted in an efficient and effective way. However, I also came to the conclusion that internal controls offer reasonable assertion due to the innate limitations such as human error taking place because of the mistakes in judgement and distractions (ICANIG, 2012). It came to my understanding that there are a few steps of the audit that need to be maintained by the auditors. The first step is the pre-engagement phase which is required for serving the client’s best interest with competence as well as professionalism. The auditor is also required to prepare letter of engagement whose chief purpose is to confirm terms of the engagement. The other step in the audit process is the planning phase where the auditor is required to obtain an understanding of the client. While undergoing the course, I was aware of the fact that the auditors undergo both legal as well as professional duties. The auditors are needed to carry out investigations that will permit them to create an opinion. They are further required to audit the accounts with adequate skills and care. I recognised the fact that the auditors are required to minimise the expectation-performance gaps in order to offer the firms with consistent financial statements and to minimise the frauds and errors in such statements (Hayes & Schilder, 2012). I came across the terms such as auditor’s independence and its significance for the auditors. It came to my understanding that the auditor independence is one of the most significant aspects of the auditing profession. It tends to add value to the audited financial statement. However, I was astonished by the fact that there are several threats to the auditor’s independence. One of the threats that I came across in the study was the intimidation threats that tend to take place while the auditor is prevented from acting objectiv ely in relation to actual threats from the customer. The other threat that I learnt from the study was the advocacy threats that are likely to occur when the auditor makes an attempt in order to promote the clients’ opinion. Familiarity threats take place when the auditor is found to become too concerned with the interests

Miss representat Assignment Example | Topics and Well Written Essays - 500 words

Miss representat - Assignment Example This was mainly due to the moral decadence and abuse of the marital sanctity. Furthermore, she was an advocate for women’s right to vote and made history as the first woman to run for president of the United States in 1870. The major themes in her story reflected on feminism, women suffrage and women leadership. Collins, in the book entitled, â€Å"When Everything Changed,† described the remarkable changes in the lives of women dating back from 1960. The book revolved around the themes of sex and gender roles, work, fashion, and politics that shaped the revolution of women. Furthermore, the book offered much insight from the contributing interviews by women who recounted tales of gender inequality and male chauvinism. For example the 7% quota restriction of female enrolment to medical school in the 1960’s (Collins 23). The cataclysm of changes highlighted the contemporary political dynamics that was marked by the historic presidential campaigns of Hillary Clinton. Foucault on his part engaged on an intellectual argument regarding the exercising of power over subjects (Dreyfus & Rabinow 2). He theorized that power can be viewed as positive when used as a tool for governing subjects towards a set standard of goals. Furthermore, power can only be applicable to free subjects that are governed by relationship of power. Consequently, slavery cannot be viewed as a power relationship when the subject is bound in chains. The notion put forth by Foucault was that slaves exhibited free will to work for their masters so long as they were not bound. Consequently, they enjoyed a power relationship. However one major critic of Foucault’s views is his claim that â€Å"freedom escapes everywhere power is exercised† (Dreyfus & Rabinow 4). This directly implied that there cannot be free exercise of freedom and power at concurrently! Pat Buchanan’s electoral campaign brochure highlighted key policy areas touching on gender equity and racial equality. One of