How The Constitution Balance The Needs Of The Individual

How well does the Constitution balance the needs of the individual with the needs for an orderly society? The United States Constitution has been in place for more than 200 years. It provides both the rights for the people and the rules for the government. Our founding fathers made it so that the government does not have total control over the people, and vice versa, the people’s rights do not overpower the government. The constitution basically balances the rights and the rules evenly, but there are conflicts with having a balanced society. One thing that one might say about an American is how â€Å"free† they are. The people of America have the Bill of Rights to thank for that. The First Amendment in the Bill of Rights states that the†¦show more content†¦That was the good side of it, but on the downside, since everyone equally expresses their own personal opinions on matters, there could be some conflict. For instance, just recently there has been some debate in South Carolina about the confederate flag. In South Carolina, they had the confederate flag raised at monuments. Some people said that the flag symbolizes the support for racism, while others say that the flag shows the state s heritage. Under the first amendment, it is perfectly legal to raise and support the confederate flag even though it supports the idea of slavery. The flag was eventually taken down from the monument after the state legislature ordered its removal (Ellis). Another thing about the freedom of speech is since there is no censorship, people of the United States are allowed to view any website. Which is nice because it allows citizens to look up, upload, and stream whatever they want, unfortunately this leaves things open for predators and allows easy access to porn sites and places to buy drugs. If there was censorship, then we wouldn’t have to worry about these things, but we wouldn’t be able to have the same privilege to go to any website as before. It would basically be like how some websites are blocked on school computers even if the students we not looking up anything inappropriate. It balances out the pros and cons, but it is a little more lenient on the side of the individuals.

More Human Than Human - 2325 Words

Daylan T Boutte D. Compton English 101-A51 Essay 15 February 2011 More Human than Human Technology has advanced by leaps and bounds over the past twenty years. What was once considered science fiction is now yesterday’s headlines. In just a hundred and fifty years we have gone from the first combustion-powered motor vehicle to space exploration and now we are managing our lives from handheld mobile devices. So let’s face it, technology evolves at a faster rate than humans. In fact it moves at such a rapid pace that it may even surpass our moral compass in its application. In the essays, Cure or Quest for Perfection? by Goodman and Designer Genes by McKibben the authors present the possibility of genetic testing and cloning†¦show more content†¦A good example would be a highly respected religious leader or a highly accredited scientist. Both their reputations could affect their intended audiences depending on which end of the moral spectrum their views lie. McKibben approaches his audience with a little more humor than G oodman. He begins with some anecdotal words about his families’ view of botulism. Then he goes on to speak of the rampant use of Botox, which is a weaker strain of botulism, by affluent Americans. All together he is transitioning to a supporting point of his argument. That it is common in American culture to alter your appearance in the pursuit of perfection and perpetual youth on a whim. So common in fact that, â€Å"now you can get Botoxed in a strip mall and at cocktail parties† (McKibben pg. 501), says McKibben. He is building up to the thought that if body manipulation is so acceptable in our society, then what would be the difference between that and genetic manipulations. He takes it a step beyond self alteration into the manipulation of the genes of your unborn child. McKibben tells his audience about two different forms of genetic manipulation. The first, and less controversial, is called Somatic gene therapy which doesn’t necessarily involve c loning. It’s basically the injection of protein into a sick patient in hopes that it will rewrite itself onto their DNA via virus. We could call this the lighter side of genetic testing;Show MoreRelatedRobots Are A More Efficient Than Humans1577 Words   |  7 Pagesways, robots are a lot more efficient than humans for a variety of reasons. First of all, whenever robots are working they commit fewer errors in a different number of ways. They are very helpful to the community and environment for those who have physical disabilities. With the economic problems, we have in the country at this moment, having robots for workers will solve different world problems. It will also be less costly for the country to buy an intelligent robot than to hire an employee orRead MoreAudience Generated By Humans More Than Anything876 Words   |  4 Pagesthe later stages of Brown 1, they become more interactive with people. At that point, most infants have said their first word. They are be ginning to become more aware of their surroundings. Numerous infants will take it upon themselves into exploring their world by placing numerous objects in their mouth. By utilizing the sense of taste, infants become more connected to their surroundings rather than sight and smell. After a while, children begin to become more in-touch with their surroundings withRead MoreHuman Cloning Is Not More Difficult Than Cloning921 Words   |  4 PagesHuman cloning involves removing the nucleus of a human egg and replacing it with the nucleus of an existing person (Glannon, p. 89). It is the genetic duplication of an existing person (CGS). Identical twins are a naturally occurring cloning (Science Daily). Several countries worldwide have bans on human cloning (Kilner). The U.S. government has cut funding for cloning research (Kilner). Arguments in favor of human cloning point out the benefits of advancing technology, while those against questionRead MoreMore than Just Creatures that Coexist with Humans1475 Words   |  6 PagesThe Dalai Lama once said, â€Å"Love and compassion are necessities, not luxuries. Without them humanity cannot survive.† This goes for animals too. Animals are now much more than creatures we coexist with on Earth. They are companions within our homes and hearts. Any living species has rights. Just as you and I deserve respect, animals do also. When you think of animal farms, most of us resort to the image of animals and chickens on Old McDonald’s farm with a bright red barn in the background. HoweverRead MoreAliens Are More Intelligent And Advanced Than Humans791 Words   |  4 Pagesposition of human beings? As humans are the superiors of the earth and we are controlling our lives and the earth. We cannot think that the aliens are going to help us and we are going to be superiors to them. Aliens are more intelligent than humans, so if they landed on the earth, there will be a lot of changes in our lives. We cannot even expect how our destiny is going to be. To protect ourselves, we have to create a secret weapon to destroy aliens. But we can’t do that because aliens are more intelligentRead MoreHuman Behavior Is More Crucial Than Ever1919 Words   |  8 PagesIntroduction With social media being as prevalent as ever in everyday actions, the importance in the study of human behavior is more crucial than ever. With employers searching social media 51 percent of the time when they receive an application, and â€Å"every day over 500 million images are uploaded to Facebook, Snapchat, Instagram and Flickr† (pg1) it is important to not have anything on a social media page that may embarrass the potential employee. Now there are cameras everywhere, from a cellRead MoreHuman Change Implies More Than An Absence Of Problems†¦1011 Words   |  5 PagesHuman change implies more than an absence of problems†¦ life is more than an absence of suffering, said by Alphons Richert, the author of Integrating Existential and Narrative Therapy: A Theoretical Base for Eclectic Practice (p. 367). In a society that interprets psychological problems and distress in terms of a physical illness that is treated with a variety of pharmaceuticals, the combination of postmodern approaches and existential approaches could help define psychological problems for whatRead MoreEssay on Frankenstein Being More Human than Monster1347 Words   |  6 PagesFrankenstein Being More Human than Monster Society is inevitable. It will always be there as a pleasure and a burden. Society puts labels on everything such as good or bad, rich or poor, normal or aberrant. Although some of these stamps are accurate, most are misconceptions. In Mary Shelleys, Frankenstein, this act of erring by society is extremely evident. Two of the most inaccurate assumptions of society revolve around the central characters, Dr. Frankenstein and the monster. SocietysRead MoreNational Security Is More Important Than Human Rights2142 Words   |  9 PagesNational Security is More Important than Human Rights The conception of human rights and freedoms is the cornerstone of American traditions, law and the indicator of democracy. The approach of prevailing interest in personal privacy, property privacy and non-interference of state authorities in private affairs is the basic ground for modern organization of American society. For centuries the courts have been standing safeguards of protection of persons against unreasonable intrusion of the StateRead MoreHuman Inventions Have Brought more Harm than Good518 Words   |  2 PagesHuman invents tools in their life. Over the centuries, people had invented many tools throughout several eras which are dark ages, enlightenment period, industrial revolution, and the latest technology era in twenty-first century. Tools invented help out by saving times and energies. However, issue that is often debated is whether human inventions bring more harm than good. On one end, human invention may harm to human health and unethical to use human invention such as cloning but some promote that

Auditing and Inherent Risk Management

Question: Discuss about the Auditing and Inherent Risk Management. Answer: Factors leading high inherent risk at financial report level: Inherent risk refers to the risks in respect of omission or error in the financial statements because of factors other than weak control system. In this context, Lothe (2013) stated that the chances of inherent risk tends to be high in case of financial audit in case the nature of transactions are complex or if high level of estimates are required for reporting purpose. Companies operating in an environment having high level of regulation without any committee to oversee audit procedures in its organization. On the other hand, the level of inherent risk is also dependent on the financial exposure of an organization. Complex transactions, forecasting for provision requirements and others can lead to inherent risk. In current scenario, the following would have contributed to the high level of inherent risk for One Tel at the financial reporting level: Market competition: Market competition is mainly determined by the number of rival companies operating in the market. The competition in the Australian telecom industry has increased ever since the same was deregulated as currently 35 telecom operators are there in the Australian telecom industry. In this context, McNeil et al. (2015) stated that a high level of market competition raises inherent risk of a company pertaining to financial audit because it becomes tougher to estimate future sales and customer behavior. Availability of substitute services: Presence of a high level of substitute products could raise the chances of bad debt in the telecom industry for a company (Mironeasa and Codină, 2013). It is mainly because of the fact that availability of a large number of substitutes in the market often encourages customers to switch over to other telecom service providers even without clearing the dues to existing telecom operator. This increases the chances of bad debt for One Tel. Actual bad debts could be higher than the estimated one. Incorrect reporting of bad debts in the financial statement could also lower the profit level and impact the deferred tax amount as well. Revenue recognition issue: The nature of telecom services makes it difficult for One Tel in respect of revenue recognition. In other words, the problem is as to when a revenue needs to be recognized. As mentioned by Rust et al. (2011), presence of postpaid connection makes it difficult for a company to recognize its revenue. Here, a postpaid customer of One Tel enjoys telecom services for an entire bill cycle however the bill generated after the completion of a bill cycle is accepted by the customers after a week or week. So, the question arise as to when One Tel should recognize its revenue, at the time of providing services or once the customer accepts the bill. The problem becomes more severe during the close of an accounting period because on the date of the trial balance and income statement it has to be determined how much proportion of the services offered to customers be recognized and reported as revenue. Board autonomy: Autonomy refers to the independence of the directors of the board of a company, One Tel in present case. The autonomy of the board members is determined to a great extent by the number of non-executive directors in the board (Sadgrove, 2016). Higher the number of non-executive directors greater is the autonomy of a board and vice versa. In current scenario, the proportion of non-executive directors of One Tel is just above 50%. An almost equal proportion of non-executive and executive directors in the board of One Tel raises the level of inherent risk for the company. Background of the board members: The inherent risk level tends to be higher when maximum of the board members are from non-financial background or do not have much exposure to financial reporting standards (Sanderson, 2013). It is always a tendency of telecom companies to hire directors from technical background and experience in the telecom industry. However, this practice increases the inherent risk factor in relation to audit of the concerned organization. Lack of audit committee to oversee auditing function: Absence of a form audit committee further increases the inherent risk for One Tel. Audit committee is mainly responsible for monitoring and reviewing audit functions in an organization. It is also the responsibility of the audit committee to communicate and coordinate with external auditors in respect of auditing. Therefore, presence of an audit committee makes the auditing process easier for the external auditors. Similarly, absence of an audit committee might lead to intentional or unintentional omission of vital transactions in the financial statements. This again raises the inherent risk level of One Tel. Training facilities: In the view of Waldron (2016), presence of training facilities in organizations often reduces the degree of inherent risks for the organization. Put it differently, availability of training program makes accountant and internal auditors more competent towards making appropriate financial reporting. Such trainings are useful in clearing doubts and confusion of the staffs in matters of audit. On the contrary, absence of adequate training facilities could raise the inherent risk level for One Tel. State of the economy: The current state of economy is characterized by high level of growth which increases the inherent risk for One Tel. A highly growing economy offers various chances for business expansion and revenue generation for a company which leads to multiple investment and lending transactions (Bowling, 2014). This makes the nature of transactions more complicated than ever before. This further raises the level of inherent risk. Strategic level factors: Above all the factors so discussed, board autonomy, background of the board members, absence of training facilities, lack of audit committee could be viewed as part of strategic discussion and decision making for One Tel. The company can discuss these issues at the strategic level. The purpose of such discussions would be to lower the risks associated with these factors which further contributes to a higher level of inherent risk for the audit. It is the responsibility of the top management of One Tel to arrange for proper training facilities of the internal auditors and nominate board members from core financial background to lower the inherent risks of the company in respect of audit. Furthermore, decision as to formation and functioning of audit committee also falls under the purview of the top management (Beck and Mauldin, 2014). Factors contributing to inherent risk at account balance level: There are certain factors that influence the inherent risk at the account balance level of One Tel. Identification and consideration of these factors can help in reducing the inherent risk at the account balance level. These factors are discussed in detail below: Differential pricing system: The problem with One Tel is that it operates in the telecom sector in which there are no fixed selling price for the services being offered to the customers. There are a huge difference in the price charged by One Tel and other telecom operators from the customers. The difference in service rates is mainly due to the difference in usage of telecom services among the customers and the type of connection used by the customers. It is further observed that One Tel offers various types of telecom connections and various types of tariff packs, recharges and top ups to the customers. This creates problem in accounting for sales revenue. Sales is entered on the credit side of Trial balance and is also recognized in the profit or loss statement. However, undervaluation of sales account would lower the credit side of trial balance and overstatement of sales account can lead to increase of the debit side of trial balance in an incorrect manner (Zeff, 2016). As a result, the debit and credit sid e of the trial balance would not agree. Furthermore, in case both cash and sales are reduced or increased by same amounts even wrongly, then the trial balance would agree as cash is entered on the debit side and sales is entered on the credit side. However, the trial balance agrees in an incorrect way. This is known as compensating error in accounting terminology. Thus, the pricing system increases inherent risk at the account balance level. Prevalence of two modes of service offering: There are two major modes through which telecom services are offered to the customers. These are prepaid services and postpaid services (Zadek et al. 2013). This strategy is followed by One Tel and also by other telecom companies in Australia. Prepaid customers make payment prior to using services in the form of recharge and top ups. On the contrary, postpaid customers pay for telecom services after using the service. In other words, postpaid customers of One Tel are on a billing system and a bill is generated after the close of each billing period. Therefore, the prepaid customers pay in advance whereas postpaid customers pay post use of telecom services. This makes account balancing difficult for the accountants because it becomes hard to determine the amount of prepaid incomes, provision for bad debts and accounts receivables. The confusion becomes as to should the amount received from prepaid customers be treated as direct sales or like prepaid incomes until the services are used . Also, problem arises regarding the amount of provision for debtors and account receivables. It is often a tendency among a good number of postpaid customers to complaint of billing discrepancies after getting the bill and in many case such customers even switch over to other service provider without even paying the current dues. Therefore, accountants might make mistakes in relation to account receivables and provision for debtors. Here, the main issue is whether the billing usage of the postpaid customers needs to be considered as accounts receivable or provision for doubtful debts. In case, the amount is to be segregated into both the accounts then the question arises as to in what proportion the amount is to be segregated into accounts receivable and provision for doubtful debts. Accounts receivable is entered on the debit side of trial balance whereas provision for debtors is entered on the credit side of the trial balance and this increases chances of errors at the account ba lance level. Evaluation of going concern aspect of One Tel: Going concern concept refers to a popular accounting concept which assumes that an organization will stay in the business for a long period of time (William et al. 2016). In other words, it also means that the entity would not stop the business or liquidate its assets or resources all of a sudden. This assumption has a major impact on the accounting treatment of business transactions. For example, based on this going concern concept, intangible assets like patents and others are allocated over the entire useful life of the same. Similarly, the concept of prepaid income expenses and accrued income expenses have also been generated from this going concern concept. In current scenario, the going concern level of One Tel can be considered as moderate. This can be justified by both financial and non-financial factors. Financial factors include fast economic growth of the country. At present, the telecom sector of Australia is growing rapidly which reduces the chances for One Tel to go into liquidation. Also, the company has been able to get a strong market share in the telecom industry which is yet another major factor contributing towards stability of the company in coming future. On the other hand, there has been substantial increase in the cash level of One Tel from $172.6M in 1999 to $335.7M in 2000. The total current assets has risen from $296.2M in 1999 to $628.10M in 2000. Increased debt financing remains a concern. In addition, One Tel has also suffered a huge amount of financial loss in 2000 compared to 1999. On the other hand, cash flow from both operating and investing activities for the year have been $-168.9M and -614.9 respectively. Furthermore, the Australian telecom sector is expected to see the entry of more number of telecom operators in the coming years. Reference List: Beck, M.J. and Mauldin, E.G., 2014. Who's really in charge? Audit committee versus CFO power and audit fees.The Accounting Review,89(6), pp.2057-2085. Bowling, A., 2014.Research methods in health: investigating health and health services. McGraw-Hill Education (UK). Gunin-Paracini, H., Malsch, B. and Paill, A.M., 2014. Fear and risk in the audit process.Accounting, Organizations and Society,39(4), pp.264-288. Ihendinihu, J.U. and Robert, S.N., 2014. Role of Audit Education in Minimizing Audit Expectation Gap (AEG) in Nigeria.International Journal of Business and Management,9(2), p.203. Jang, J.Y. and Kim, C.N., 2016. An Analysis of the Effects of Knowledge Complementarities on the Performance of Information System Audit: A Perspective of the Resident Audit in the Project Office.Journal of the Korea society of IT services,15(1), pp.113-129. Kannan, Y.H., Skantz, T.R. and Higgs, J.L., 2014. The impact of CEO and CFO equity incentives on audit scope and perceived risks as revealed through audit fees.Auditing: A Journal of Practice Theory,33(2), pp.111-139. Lothe, R. 2013. Fish feed-research may help reduce world hunger, ScienceNordic, 17 Mar/13, Retrieved on 11, Jul/16 from: 20 https://sciencenordic.com/fish-feed-research-may-helpreduce-world-hunger. McNeil, A.J., Frey, R. and Embrechts, P., 2015.Quantitative risk management: Concepts, techniques and tools. Princeton university press. Mironeasa, C. and Codină, G.G., 2013. A new approach of audit functions and principles.Journal of Cleaner Production,43, pp.27-36. Rust, M., Barrows, F., Hardy, R., Lazur, A., Naughten, K., Silverstein, J. 2011. The Future of Aquafeeds, NOAA/USDA Alternative Feeds Initiative, NOAA Technical Memorandum NMFS F/SPO-124, Retrieved on 11 Jul/16 from: https://www.nmfs.noaa.gov/aquaculture/docs/feeds/the_future_of_aquafeeds_final.pdf. Sadgrove, K., 2016.The complete guide to business risk management. Routledge. Sanderson, I., 2013. Tools for IT governance assurance: using recent updates of ISACA's Information Systems Audit and Assurance Standards alongside COBIT 5 can help auditors evaluate their organization's information systems governance.Internal Auditor,70(5), pp.51-54. Waldron, M., 2016. The Future of Audit.CFA Institute Magazine,27(3), pp.55-55. William Jr, M., Glover, S. and Prawitt, D., 2016. Auditing and Assurance Services: A Systematic Approach.Auditing and Assurance Services: A Systematic Approach. Zadek, S., Evans, R. and Pruzan, P., 2013.Building corporate accountability: Emerging practice in social and ethical accounting and auditing. Routledge. Zeff, S.A., 2016.Forging accounting principles in five countries: A history and an analysis of trends. Routledge.

Thinking, Fast and Slow by Daniel Kahneman

Daniel Kahneman is one of the world’s most renowned thinkers. He won a Nobel Peace Prize in E.S for his work as a psychologist (Kahneman 3). The book is very long and hence not attractive for readers who prefer short-written books.Advertising We will write a custom essay sample on Thinking, Fast and Slow by Daniel Kahneman specifically for you for only $16.05 $11/page Learn More However, it creates awareness, informs, and educates readers on very important matters related to the mind. Readers can tell how and why their thoughts vary in different situations after reading the book. The book targets people who are interested in knowing how and why human beings behave differently in different situations. The author takes readers on a ground breaking tour about the mind. The book engages readers in a lively conversation on how they think before making judgments and decisions. The author informs readers when and where they should trust their intuition, and how they should switch to slow thinking. The author structured the book well hence enlightening the readers by providing them with insights on how to make decisions or choices. In other words, the book transforms the way people perceive about thinking. He uses two systems to describe and explain the way people think, and the way they judge and make decisions. These include intuitive and emotional systems, as well as deliberative and logical systems. This is the most interesting hypothesis that the author of this book builds up to make readers understand what the book entails. For instance, the book convinces readers why the first impressions matters a lot and why people should use formulas, and not listen to human judgment experts in low validity places. Kahneman expresses amazing capabilities as he explains the faults and biases of thinking fast. He also reveals the influence of impressions on an individual’s mind and behavior. The book is very important to societies bec ause it brings transparency in making judgments, choices, and decisions. For instance, it reveals how the minds of people get tripped up, leading them to make wrong judgments, choices, and decisions. The author makes it clear that even at times when people feel and think that they are logical, errors and prejudices trip their minds.Advertising Looking for essay on literature languages? Let's see if we can help you! Get your first paper with 15% OFF Learn More He also provides readers with the best remedy to curb the errors and prejudices while making critical decisions. For instance, he discusses the best practical techniques for thinking slow, which people need to adopt in order to get contented with their choices, decisions, or judgment. This shows that he does not leave his audience in suspense. The book satisfies readers in many ways. As earlier mentioned, it does not leave them in suspense with regard to what is next, or what should be done to curb certain situat ions. It is complete, identifies the problem, the causes and effects of the problem, and solutions to the problems. For instance, the author identifies the cognitive biases on how individuals view each other. It also includes the effects of the biases, the most relevant skills and how they should be developed, as well as the appropriate measures among other things. The book informs the readers how, when, and why they should think fast, or slow in different situations. The author also describes the duality in variations in relation to individuals’ minds (Kahneman 350). Here, the author discloses the cognitive bias of socialism and how human beings overestimate some aspects of life. The conclusion of this book is amazing. The author analyses the way human beings appreciate and judge their life quality, inclusive of cognitive biases. The readers can do away with worries about irrational social standards after reading this book. Works Cited Kahneman, Daniel. Thinking, Fast and Sl ow. London: Penguin, 2012. Print. This essay on Thinking, Fast and Slow by Daniel Kahneman was written and submitted by user Jacob H. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.