Assessing Materiality and Risk Simulation Essay Example for Free

Assessing Materiality and Risk Simulation Essay Certain accounts, such as cash, long term debt and short term borrowings, and intangibles, are audited 100% because they are very important to the audit process and/or industry, or simply because they are easily verifiable. Unlike auditing inventory, accounts receivable, accounts payable, capital assets; which can be time-consuming to audit fully, auditing 100% of cash or long term debt is fairly easy (e.g. by obtaining cash and debt confirmations from banks). â€Å"According to the financial accounting standards board, materiality symbolized the importance of something forgotten or a misstatement of an entry in an economic report that, the encircling assets make it believable that the awareness of a sensible individual depending on the facts would have been replaced, altered by the involvement or repair of an article† (Boynton, Johnson). All in all when an auditor create an agreeable materiality level that discover both the quantity (amount) and the (quality) nature of misstatements needed to be examined. The auditor will also with given time will assign materiality to everything that is sampled, this way no report is omitted or avoids a looked. Audit risk is the possibility of a material misstatement, remaining undetected even after the audit is completed and as a result the audit statement fails to provide true and fair view of the company financial statements. Of the three components of audit risk, only detection risk is a result of failure on the part of the auditor to notice a misstatement. As noted above, audit risk is a function of inherent risk, control risk and detection risk. Inherent risk and control risk make up the risk of material misstatement. RMM = IR x CR AR = RMM x DR If we assume that the auditor does not have impact on control risk (control risk is usually assessed as High, unless test of controls is performed) and no impact on inherent risk, the auditor needs to manipulate detection risk to reduce the level of audit risk. The higher the risk of material misstatement, the more thorough substantive procedures the auditor needs to apply to support the account balance.

English Vs Math Essay example -- essays research papers

English Vs. Math   Ã‚  Ã‚  Ã‚  Ã‚  To most people English or Language Arts is a creative course and math is just a logical, you get it or you don’t class. My purpose writing this paper is to change your mind. I believe that Math is just as, or more creative than English. I will demonstrate this through a couple of examples.   Ã‚  Ã‚  Ã‚  Ã‚  First, we must understand what is behind the creative aspect in English. Most people consider that English is the, ‘creative,’ subject because of titles such as ‘creative writing’ and ‘creative thinking’ and in contrast there is no creative something in math. In English when we are, let’s say, going to write a creative short story we use our imaginations and there are no limits. Now on the other hand in math when faced with a problem such as; if you have 300 meters of fence and have to enclose a rectangular field. What would be the dimensions of the field that would yield the largest area? When mathematicians go to solve one of these they have to be creative in their problem solving.   Ã‚  Ã‚  Ã‚  Ã‚  Perhaps, one of the best ways to demonstrate creativity in math is through an identity question. An identity question is where you have an equation and you try to manipulate each side individually without touching the other side and get them to be equal. We start off with something like sin squared theta over cos theta plus cos and the objective here is to prove that it is identical to sec theta. At...

Brothers Grimm

Intro: Fairy tales are things we know to be true. We are believed that if we have a hard life to grow into, a â€Å"prince† one day will come and give us a kiss and make it all better. â€Å"bring us back to life† if you will, as we grow up we open our eyes to the possibility of landing flat on our face and throwing up a poisonous apple and dealing with life on our own before our â€Å"prince† comes to save us. Thesis: Betrayal and Jealousy may throw a pity party for the step-mother. The betrayal of a husband and insecurities in yourself will bring out the worst in you.Meaning of the poem: The poem â€Å"The Envious Heart† was written by Helane Levine Keating, was written in inspiration by the quote portraying the tale of Snow White, by the Brothers Grimm, â€Å"Then her envious heart had rest, so far as an envious heart can have rest. † written by the Brothers Grimm. This poem is how negativity ruins us all. How broken promises and wanting to be en ough of something or perfect at anything will destroy our once kind hearts. As betrayal was showed in the quote â€Å"He said he rarely saw her, although she was his daughter. Giving a fair meaning of how she thought it would just be her king and her and no one would interfere, her jealousy was shown when she stated â€Å"When they're together she's his queen, the black-eyed slut, calling him daddy. † letting the worse of her become her words. The mirror held great representation throughout the poem, she said that the mirror made her feel invincible; all she sees in the mirror is â€Å"her sneering face, her wide lips mimicking mine. † No matter how pretty the step mother may have been she never acknowledged herself but rather the step daughter.She felt disrespected and less then what the king had promised her. She was a step mother coming into a new family and her insecurities ate at her until it became her. To better understand where she is coming from, I’ll tell you about the Brothers Grimm version of Snow White. The Brothers Grimm story of â€Å"Snow White† tells a tale about a queen’s wish for blood red lips, black as ebony hair and white as snow skin. Sadly after her wish was granted, the Queen and newly mother passed away. Her kind married a new queen after a year of her death. The new queen who could not tolerate anyone else who might rival her beauty†. The story shows a mirror which claimed to be magical. â€Å"Mirror, mirror on the wall, who in this realm is the fairest of them all. † which would make her so happy when the mirror replied with â€Å"You, my queen are the fairest of them all. † The Brothers Grimm, Snow White's step mother grew so much hate towards her step daughter and the envy in her heart â€Å"grew so dense that she no longer had any peace, day or night†, she hired a huntsman to kill her, and that huntsman who didn't want to kill, let Snow White go as she promised to nev er go home.That's where in the tale the seven dwarfs come in. Snow White found their home and stayed in the seventh dwarf’s bed. When they found her they were stunned by her beauty, Snow White told them about the huntsman trying to kill her and of her step mother. So the dwarfs told her to be their house lady, doing all their chores (Cooking and cleaning) the secrets of her life was kept. Until her step mother asked her â€Å"Magical mirror†, if she was pretty and it replied â€Å"†¦ eyond the mountains, where the seven dwarfs swell, Snow White is thriving, and this I must tell: Within this realm, she's still a thousand times more fair† leading the step mother to set out to kill Snow White once and for all. She disguised herself and sold a lace to Snow White, and then tied the lace around Snow White; she tied it so tight Snow White fell down as if dead. When the dwarfs found her later on, they untied her lace and Snow White began to breathe again.The queen found out from her â€Å"Magical mirror† that Snow White recovered and thought of another plan to rid of her. She got a combed and made it poisonous. She went out to the house once more and set out to comb Snow White's hair. Snow White fell unconscious. When the dwarfs came back and saw her they removed the comb from her hair and Snow White lived. Once again the queen asked her mirror and once again Snow White was the fairest. Finally, leading to the famous poisonous apple.Leading to Snow White's death and her Magical Mirror finally said â€Å"You, my queen are the fairest of them all. † The dwarfs set up a grave above the ground. Clear so, that everyone could see and her name in gold with â€Å"princess† written on it, the placed it at the top of the mountain. Many years passed and it looked like Snow White was only sleeping. Later a prince found her, saw her beauty and had to have her. While his servants were transporting her back to his kingdom the piece of a pple stuck in her throat fell out and she was unpoisioned, and alive.The prince rushed by her side and told her his love for her. They got married and at their wedding, the step mother put on these shoes that made her dance until she fell down dead. The Brothers Grimm's version of Snow White starts off so similar in comparison to Snow White the Walt Disney adaptation. I mean it sounds familiar right? Snow White and the 7 dwarfs, step mother obsessed with being the â€Å"fairest of them all†, there's a difference between the â€Å"love will solve everything† we were all told to believe in and the story written by the Brothers Grimm.In Disney, the prince kisses her and they all live happily ever after. This poem is a representation on the story, but in a different point of view, see; the story that has always been told weather it's the Grimm Brothers or the Walt Disney story the step mother is the villain. Yet in this poem you see more than the one sentence of â€Å"a y ear later, the king married a new queen†. You see the jealousy for Snow White in a different light and betrayal from the king.

Biography of Spartacus, a Slave Who Led a Revolt

Spartacus (approximately 100–71 BCE), was a gladiator from Thrace who led a major revolt against Rome. Little is known about this fighting slave from Thrace beyond his role in the spectacular revolt that became known as the Third Servile War (73–71 BCE). Sources agree, however, that Spartacus had once fought for Rome as a legionnaire and was enslaved and sold to become a gladiator. In 73 BCE, he and a group of fellow gladiators rioted and escaped. The 78 men who followed him swelled to an army of more than 70,000, which terrified the citizens of Rome as it plundered Italy from Rome to Thurii in present-day Calabria. Fast Facts: Spartacus Known For: Leading a slave revolt against the Roman governmentBorn: Exact date unknown but believed around 100 BCE in ThraceEducation: Gladiatorial school in Capua, north of NaplesDied: Believed in 71 BCE at Rhenium Early Life While little is known about Spartacuss early life, it is believed that he was born in Thrace (in the Balkans). It is likely that he actually served in the Roman Army, though it is unclear why he left. Spartacus, perhaps a captive of a Roman legion and perhaps a former auxiliary himself, was sold in 73 BCE into the service of Lentulus Batiates, a man who taught at a ludus for gladiators in Capua, 20 miles from Mount Vesuvius in Campania. Spartacus trained at the gladiatorial school in Capua. Spartacus the Gladiator In the same year that he was sold, Spartacus and two Gallic gladiators led a riot at the school. Of the 200 slaves at the ludus, 78 men escaped, using kitchen tools as weapons. In the streets, they found wagons of gladiatorial weapons and confiscated them. Now armed, they easily defeated the soldiers who tried stopping them. Stealing military-grade weapons, they set out south to Mount Vesuvius. Three Gallic slaves—Crixus, Oenomaus, and Castus—became, along with Spartacus, the leaders of the band. Seizing a defensive position in the mountains near Vesuvius, they attracted thousands of slaves from the countryside—70,000 men, with another 50,000 women and children in tow. Early Success The slave rebellion happened at a moment when Romes legions were abroad. Her greatest generals, the consuls Lucius Licinius Lucullus and Marcus Aurelius Cotta, were attending to the subjugation of the Eastern kingdom of Bithynia, a recent addition to the republic. The raids carried out in the Campanian countryside by Spartacus men fell to local officials to mediate. These praetors, including Gaius Claudius Glaber and Publius Varinius, underestimated the training and ingenuity of the slave fighters. Glaber thought he could lay siege to the slave redoubt at Vesuvius, but the slaves dramatically rappelled down the mountainside with ropes fashioned from vines, outflanked Glabers force, and destroyed it. By the winter of 72 BCE, the successes of the slave army alarmed Rome to the degree that consular armies were raised to deal with the threat. Crassus Assumes Control Marcus Licinius Crassus was elected praetor and headed to Picenum to put an end to the Spartacan revolt with 10 legions, some 32,000 to 48,000 trained Roman fighters, plus auxiliary units. Crassus correctly assumed the slaves would head north to the Alps and positioned most of his men to block this escape. Meanwhile, he sent his lieutenant Mummius and two new legions south to pressure the slaves to move north. Mummius had been explicitly instructed not to fight a pitched battle. He had ideas of his own, however, and when he engaged the slaves in battle, he suffered defeat. Spartacus routed Mummius and his legions. They lost not only men and their arms, but later, when they returned to their commander, the survivors suffered the ultimate Roman military punishment—decimation, by order of Crassus. The men were divided into groups of 10 and then drew lots. The unlucky one in 10 was then killed. Meanwhile, Spartacus turned around and headed toward Sicily, planning to escape on pirate ships, not knowing that the pirates had already sailed away. At the Isthmus of Bruttium, Crassus built a wall to block Spartacus escape. When the slaves tried to break through, the Romans fought back and killed about 12,000 of the slaves. Death Spartacus learned that Crassus troops were to be reinforced by another Roman army under Pompey, brought back from Spain. In desperation, he and his slaves fled north, with Crassus at their heels. Spartacus escape route was blocked at Brundisium by a third Roman force recalled from Macedonia. There was nothing left for Spartacus to do but to try to beat Crassus army in battle. The Spartacans were quickly surrounded and butchered, although many men escaped into the mountains. Only 1,000 Romans died. Six thousand of the fleeing slaves were captured by Crassus troops and crucified along the Appian Way, from Capua to Rome. Spartacus body was not found. Because Pompey performed the mopping-up operations, he, and not Crassus, got credit for suppressing the rebellion. The Third Servile War would become a chapter in the struggle between these two great Romans. Both returned to Rome and refused to disband their armies; the two were elected consul in 70 BCE. Legacy Popular culture, including the 1960 film by Stanley Kubrick, has cast the revolt led by Spartacus in political tones as a rebuke to slavery in the Roman republic. There is no historical material to support this interpretation, nor is it known whether Spartacus intended for his force to escape Italy for freedom in their homelands, as Plutarch maintains. The historians Appian and Florian wrote that Spartacus intended to march on the capital itself. Despite the atrocities committed by Spartacus forces and the splintering of his host after disagreements among the leaders, the Third Servile War inspired revolutions successful and unsuccessful throughout history, including Toussaint Louvertures march for Haitian independence. Sources Britannica, The Editors of Encyclopaedia. â€Å"Spartacus.† Encyclopà ¦dia Britannica, Encyclopà ¦dia Britannica, Inc., 22 Mar. 2018. Britannica, The Editors of Encyclopaedia. â€Å"Third Servile War.† Encyclopà ¦dia Britannica, Encyclopà ¦dia Britannica, Inc., 7 Dec. 2017. â€Å"History - Spartacus.† BBC.