Discussing the factors of success to organisations - Free Essay Example

Sample details Pages: 8 Words: 2435 Downloads: 2 Date added: 2017/06/26 Category Management Essay Type Research paper Did you like this example? The success of any organization, and in our case we will discussing that of a company, is the result of a healthy work environment which is based firstly on how motivated the employees are and to which extent they associate their own values and beliefs with the ones of the company. Being able to motivate workers is a key skill that anyone attempting to have a leading position must acquire. The word motivation itself is derived from the Latin word movere, which means to move. Don’t waste time! Our writers will create an original "Discussing the factors of success to organisations" essay for you Create order It means how the leader manages to channel the energy of the employees by moving them in the same direction as the companys target. There are many ways to define motivation, all pointing to the same end and one comprehensive definition we came across is from BusinessDictionary.com which states that motivation is represented by Internal and external factors that stimulate desire and energy in people to be continually interested in and committed to a job, role, or subject, and to exert persistent effort in attaining a goal. (https://www.businessdictionary.com/definition/motivation.html) Internal factors or motivators determine the employees to act out of pleasure, importance or desire, while external factors depend on how the leaders manage to inspire us, through work conditions, safety, benefits, affiliation, recognition of merits and other reward systems, including salary and promotions. These external factors give the employees a feeling of approval and satisfaction with their wo rk, while meeting their personal needs. In order to analyze various motivation theories, the literature of this field is primarily concerned with (1) what energizes human behavior, (2) what directs or channels such behavior, and (3) how this behavior is maintained or sustained. (Porter, Bigley Steers, 2003:1) In time we have seen a shift in motivational theories, from motivation seen as a form of fear of punishment (physical, financial or social) to an inner desire that is not engineered by salary, but by feeling oneself useful, important, by getting satisfaction from the work done, and this has been achieved mainly through empowerment of the employee in a positive and creative work environment. 3. Motivational Theories There are several different motivational theories and techniques that people and organizations should be aware of. There are so many that it would be impossible to list them all and explain how they relate. So we are going to use Maslows pyramid as an example and explain a motivational theories that match each level of the pyramid. Starting at the bottom of the pyramid is Physiological needs. This is considered the most basic of needs such as food, water and sleep. The person advances to the next level only after the lower level need is at least minimally satisfied. The next is safety; this refers to security, employment, family and health. Extrinsic motivation can be used for the first step of the pyramid. Even though most people think of this as getting rewards for a good job, there is another category that falls under this. Self-determination theory proposes that extrinsic motivation can be internalized by the individual if the task fits with their values and beliefs and t herefore helps fulfill their basic psychological needs. (psychology.wikia.com) Both intrinsic/extrinsic motivations also apply for the Safety step of the pyramid. Using Fredrick Herzbergs two-factory theory we are able to divide this into two separate categories, motivators and hygiene factors. Motivators include achievement, recognition, the work itself, responsibility, advancement and growth while hygiene factors include company policies, salary, coworker relations (Porter, Bigley, Steers, 2003: 9) and fringe benefits that do not motivate if present, but if absent, results in demotivation. Love/Belonging is the third step of Maslows pyramid. Everyone is motivated to feel loved or to belong. It is difficult to focus on self-motivation if you are out of sorts with friends, family, or feel isolated. Consequently, peer pressure and family discouragement against set goals or dreams can lessen motivation. Self-motivation is understood best as emotional intelligence. There are four categories of emotional intelligence (https://en.wikipedia.org/wiki/Emotional_intelligence): Self-awareness the ability to read ones emotions and recognize their impact while using gHYPERLINK #Gut_feelingut feelings to guide decisions. Self-management involves controlling ones emotions and impulses and adapting to changing circumstances. Social awareness the ability to sense, understand, and react to others emotions while comprehending social networks. Relationship management the ability to inspire, influence, and develop others while managing conflict. Esteem is the next step on the ladder or pyramid. It is based on the premise that performance motivation results from the way broad components of personality are directed towards performance. As a result, it includes a range of dimensions that are relevant to success at work and feelings of accomplishment. Self-Actualization is the top of the pyramid. This is often stated as the goal-setting theory of motivatio n. This is based on the notion that individuals sometimes have a drive to reach a clearly defined end state. Goal setting theory is one of the most popular theories adopted in organizational psychology. 4. Motivation Myths Because motivation is a complex phenomenon and its boundaries are often blurred, there are misconceptions as to what motivates employees in their work. We call them motivation myths and in this paper we wish to approach and destroy some of them, as follows: Money as a motivator A pay rise or a promotion is an acknowledgement of work well done, but they are not motivators to further performance. Sometimes it can even be the opposite, meaning a safer position might de-motivate on the long run. Fear as a motivator An employee cannot experience motivation if he/she is on constant alert that he/she is being observed or if he/she is being threatened to lose the job, in case of poor performance. What motivates the leader motivates the employees We are all individuals, have different needs and therefore are motivated by different things. While some are motivated by recognition of a job well done, others are by spending more time with the family, others by salary or benefits and job security, and so on. Increased job satisfaction means increased job performance This statement is correct if the goals of the organization are aligned with the goals of the employees, otherwise an employee can get satisfaction from a job that does not benefit the company, because it does not relate to the end target of that company. Some people just dont have motivation Everyone has motivation, some towards things they like and others away from things they do not like. The task of a leader is to find out what motivates each of the employees and to channel their energy in a positive direction. (https://managementhelp.org/guiding/motivate/basics.htm) 5. Basic techniques of Employee Motivation Motivation is a behavior that you can influence but not create. Even highly motivated individuals can get frustrated, discouraged, or tired on a project. Team members need to know they are valued, their efforts are noticed, and their good work is appreciated. Remember that each employee is different and motivated or rewarded by different things. There are 5 basic steps to remember: Motivating employees starts with motivating yourself. Always work to align goals of the organization with the goals of the employees. Understand what motivates your employees. Recognize that supporting employee motivation is a process. Support employee motivation by using organizational structures. Have some fun in your workplace 1/2 page Jake Plan for fun and having fun at work are two different things as everyone has his own understanding of the term fun at work. Having fun at work brings benefits for both employers and group leaders. This will motivate yours employees and create a positive work environment for everyone and in this environment relationships are built among management/employee and customer/employee. Having your employees happy improves team work and at the end of the day your employees are satisfied with their work which will keep high the loyalty to the company and retain the best of the best on your team. This team will keep your customers satisfied and have your companys productivity and performance over the roof. As we will see in this project Google is one of the most innovative companies in this area. They make sure their employees are happy, motivated and helped by the company in there every-day needs.   Ãƒâ€šÃ‚   b. Adjust to personality difference One of the secrets to understand what motivates your employees is to understand who your employees are, what are their values and beliefs. In the globalized world of today, we cannot ignore the importance of different backgrounds and cultures. What motivates a Western employee, like career development and more challenging tasks may differ significantly from an Eastern employee, who could be motivated by spending more time with family and a work environment based on personal relationships rather than cold and strict procedures. One important tool in realizing these differences is the research conducted by Geert Hofstede (https://www.geert-hofstede.com/) on employee value scores collected by IBM from over 70 countries, between 1967 and 1973, and grouped in 5 Value Dimensions: Power Distance Index (PDI), Individualism (IDV), Masculinity (MAS), Uncertainty Avoidance Index (UAI) and Long-Term Orientation (LTO). By analyzing each of the value dimension scores for a particular culture one gets a proper image of how the employees would react in a certain work situation, but then again we always have to keep in mind that even within one culture there are significant differences between individuals.   Ãƒâ€šÃ‚   c. Giving rewards/employee of the week/month, etc 1/2 page Jerry   Ãƒâ€šÃ‚   d. Have room for mistakes 1/2 page Jake   Ãƒâ€šÃ‚   e. Empower your employees Empowering employees means delegating responsibilities and giving freedom to the employees to participate in the decision-making process. It can be in the form of self-administrating projects individually or as teamwork, where the only pressuring factor is the deadline. Successful empowerment is also the result of a smaller social distance between the leader and the employees (Stewart, 1994), where the employees are more relaxed and encouraged to express their opinion. When delegating or empowering, the leader needs to inform the employees if he/she thinks they are on a wrong track, but this should not happen under a threat of taking back the power. The leader must be viewed as the coordinator but not the coercive force. Other sources suggest that the leader should calibrate the authority (Galford Drapeau, 2002, p. 120), by being able to decide what he/she must do, find and train the right people to help with that and then delegate the rest. 6. Case Study Google Google is a public and profitable company that focuses mainly on Internet search engine services. Today Google is definitely one of the most popular search engines and is also one of the top 5 most powerful companies in the world. Google was founded back in 1998 by Larry Page and Sergey Brin, two graduates of Stanford University as search engineers. (https://google.about.com/od/googlebasics/p/whatisgoogle.htm). Googles breakthrough technology and continued innovation serve the companys mission of organizing the worlds information and making it universally accessible and useful. (https://www.google.com/corporate). Googles competitive edge in its market is the fact that they have more resources compared to all the existing competitors. Google cares for all their employees by creating a positive environment, by attracting talented employees, people who are team workers, creative and want to have an amazing time doing it. Google motivates their employees, and they, the googlers believe in the ability of technology to change the world, and are as passionate about their lives as they are about their work. (https://www.google.com/intl/en/jobs/lifeatgoogle/index.html). How do they manage to achieve this? As explained in the text above by keeping the employees motivated. When researching for the Google-case study we found on their company site a list that explains the Top 10 Reasons to Work at Google (https://www.google.com/intl/en/jobs/lifeatgoogle/toptenreasons/index.html) and we want to share it with you because we think those are perfect examples of motivation in a workplace. Lend a helping hand teamwork is important and so is trying to help each other, Google promises that the company is close to the googlers and, also as a team company Google helps the rest of the world to have an easier life. Life is beautiful gives employees an opportunity to work for this company and also respect them, having as goal to make their life beautiful. Appreciation is the best motivation by appreciating the work that the googlers do the leaders acknowledge their efforts and give satisfaction, which will have a great positive impact on future motivation. Work and play are not mutually exclusive by offering fun activities that fit to all personalities for example gym, game rooms, pc games, relax rooms, laundry room, and others. Google have created all that the employees want in their life in order to be motivated and extra creative. We love our employees, and we want them to know it Google does not just love their employees but their families also helping them by financial boost, medical benefits, stock opportunities and many more. If googlers want something that Google doesnot offer, the leaders will get it for them. Innovation is our bloodline new ideas can make the company improve and give faster results to the billions of users worldwide and this is achieved through employees efforts and motivation. Good Company everywhere you look for Google all employees are equal and they appreciate each individual as being very important. Uniting the world, one user at a time worldwide users use Google, meaning that the company has access to the whole world and offers help to more people each day. Boldly go where no one has gone before new ideas, teamwork, improvement, creativity, opportunities and so on. That is what made Google one of the top 5 companies worldwide in less than 13 years. There is such a thing as a free lunch after all Google offers 24/7 free meals with best quality, delicious and made with care for all their employees. Google is one of the top companies in less than 13 years and they achieve this by motivation of their employees, the high quality standards that they have, the teamwork, they are open for new ideas, creativity, improvement, etc. In our opinion Google is an example for companies worldwide to learn that motivating the employees is so important that it has the power to chan ge the world. 7. Conclusions 1/2 page Oana

How Technology Is Constantly Evolving And We Are Too With It

Technology is constantly evolving and we are too with it. We incorporate technology into our everyday lives to make them easier, provide entertain or be able to connect with one another. Arguably, no creation has made this more possible than Cyberspace. Prior to the twenty first century cyberspace was thought to be in the realm of science fiction, until a couple decades later technological breakthroughs brought it to existence. From that point on it has become essential to personal and global infrastructure. Storing our identity, personal information, wealth and for some our whole lives. Which makes it dangerous as well if abused. Cyberspace is a new frontier and we still don’t completely understand it. So how do we prosecute those who do harm to one another by means of cyberspace and cybercrime? Generally cybercrime branches of in to three major groups. Against a person, property or the government. A cybercrime against a person includes harassment and stalking a person through the internet/cyberspace. This is possible through the aids of email, social media and other sites or similar sorts. The types of harassment possible through cyberspace is sexual, racial, religious and others. Cybercrime against someone’s property include transmission of harmful programs and viruses. Also hacking corporate databases to steal information and money and email scams used to trick people to transfer money are all forms of cybercrime against property. The last and third major form ofShow MoreRelatedCause/Effect How Technology Influences Personal Relationships1095 Words   |  5 Pagesimpacts of digital technology on society. Technology has been evolving for hundreds of years. As it has become more advanced, the more it has taken a hold of the community. Digital technology is universal and there is no way to avoid it, but people need to start using it more responsibly. Everything gets taken for granted now that there are so many technological sources. Although there are a moderate amount of positive effects, the negative aspects outweigh them substantially. Technology use affects theRead MoreCan Technology Affect Your Mind?1607 Words   |  7 Pages1105 Emily Gilliam February 19, 2011 Can Technology affect your mind? iPod+ iPhone+ iPad= iBroke†Ã¢â‚¬ ¦and dysfunctional† Has your life begun to revolve around your cell phone? Are you checking your email, texting or tweeting more often than you speak to an actual human? Are you making life and death decisions at the computer. â€Å"Should I buy new iTunes or have gas for the rest of the week?† This is a growing problem. People have begun to let technology control their lives. They don’t have theRead MoreEssay on Nursing Informatics And Nursing889 Words   |  4 Pagesseen it in action many times. Are we as nurses changing with the times? What is nursing informatics? Why is it important to me? How do I rate on the nursing informatics knowledge scale? What is my plan to increase my knowledge base? These questions should be at the forefront of every nurse’s thoughts. The information age has come crashing down on us from every possible angle in our lives, it affects how we communicate, how we educate, how we socialize and how we raise our children. Thus, why wouldRead MorePositiv e And Negative Aspects Of Advertising1695 Words   |  7 Pagesconstant give and take from consumers. Furthermore, I have investigated certain technological benefits associated with advertising that improve effectiveness, and how advertising benefits consumers. On the contrary, I have evaluated some of the associated ethical issues, the promotion of unnecessary consumerism, psychological effects on learning, how younger generations are becoming less receptive, and the adverse affects on society as a whole. Regardless of the conflicting viewpoints it is best to be knowledgeableRead MoreAutomation In The Workforce. The Advancement Of Automation1435 Words   |  6 Pagesworkforce The advancement of automation has affected our everyday lives since the industrial revolution. Over the years we saw a drastic increase in unemployment due to the fact that machines and robots can now do the job more efficiently. Today we have adopted the idea of automation that we sometimes are unaware of the subtlety. We only become aware of the change when old technology advances or when there is a system malfunction while using the product. This monopoly is spreading through the workforceRead MoreGlobalization And The Global World1669 Words   |  7 PagesGlobalization is something that we see happening all around us. When we walk down the street it is impossible not to have an advertisement for major corporations like Nike, McDonalds, or Coca Cola flashing in front of your face. Everywhere our head turns, commercialism is there. It is unavoidable. The world around us is constantly developing, and that development begins with us. As the world keeps evolving, globalization is co nsidered inevitable. As humans, we naturally strive for success, seekingRead MoreMass Media Essay739 Words   |  3 Pagesduring the last century have literally changed our world and the way we get our information. These developments range from the telegraph, telephone, radio, television, and the Internet. All of which played a major role in not the way we receive information but also communicate. Instead of waiting days to get messages, we can now get them as they are happening. The following will discuss how each one has helped change the way that we receive our media and benefitted the American culture. The telegraphRead MorePrivacy Lost By David Holtzman1620 Words   |  7 Pagesnot be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized (US 1). It is important to understand the protection we do have under this law- even if it is very limited. This law was created to ensure that the government has limitations on its powers, and that it cannot gather any information from people without first asking the court for a warrant. Does this meanRead MoreA Battle Between Minds1064 Words   |  4 Pagesâ€Å"Right† and â€Å"wrong† are such ambiguous terms and can only be personally defined by an individual’s beliefs and values. It is said that our values are defined predominately by our upbringing, but what if it is more neurologically ingrained than we had perceived? Doctor Roger Wolcott Sperry, neurophysiologist, won the Nobel Pri ze in 1981 for his discoveries concerning the functional specialization of the cerebral hemispheres, in which he studied the cognitive effects caused by severing the longitudinalRead MorePrivacy Lost By David Holtzman1386 Words   |  6 Pagesnot be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized (US 1). It is important to understand the protection we do have under this law-even if it is very limited. This law was created to insure its citizens that the government has limitations on its powers, and that it cannot gather any information from people without first asking the court for a warrant. Does

The Inflation Definition And Influences - 1646 Words

1.1 The inflation definition and influences Inflation is general defined as the devaluation of the currency with the comprehensive and continued rising price level, which means the purchase of money is persistent declining (James and Charles 1975). And this is generally considered as the result of the amount of money in circulation more than the actual needs of the economy. It will directly leads to the devaluation of paper money. If the income of residents do not change, then the living standard of citizens will dropped, which might result in the social and economic disorder and can negatively impact the development of the economy. However, within a certain period of time, moderate inflation can stimulate consumption, expand domestic†¦show more content†¦1.2 The main properties of New Keynesian Phillips Curve Economists have done a lot of work on the study of inflation. The Phillips curve has been the focus and the main line of the macroeconomic debate since the Second World War. The Phillips curve describes the trade-off relationship between inflation and unemployment. According to the rule of substitution between them, the government can implement flexible fiscal and monetary policy to realize the effective intervention and regulation of macroeconomics, i.e. raise the unemployment rate to reduce inflation rate or increase the rate of inflation to reduce the unemployment rate (Trevithick and Mulvey 1975). The Phillips curve has made outstanding contributions to the stable development of the capitalist economy. The traditional Phillips curve model is back-ward looking type model, using output gap and inflation lag to explain current inflation. It shows the relationship between the output gap and inflation, however, it is difficult to be consistent with empirical facts. Taylor (1980) and Calvo (1983) started from the pricing behavior of monopolistic competitors, and then derived New Keynesian Phillips curve (NKPC) based on the dynamic general equilibrium model or the staggered pricing theory of firms. Both of them indicated that the inflation rate at each current period is largely determined by the

Auditing and Assurance Services Integrated Approach Method

Question: Discuss about the Auditing and Assurance Services for Integrated Approach Method. Answer: Introduction: The case study mentions that Impulse Pty Limited, also known as Impulse, established in the year 2005 operates as a manufacturer of entertainment systems. The case study also reflects the fact that the accounting firm King Queen that acts as an independent accounting firm is associated to the company Impulse Pty Limited since the time of inception of the company. As stated in the case study, Impulse faced severe crisis owing to poor liquidity positions as well as levels of inventory recorded during 30th June in the year 2012. In addition to this, the case study on Impulse put forward the fact that the financial announcements of the firm did not incorporate different crucial business incidents for the corporation Impulse Pty Limited. This too referred to the manner in which different unadjusted financial events were not reflected in the financial declarations of the firm. In addition to this, the current case study also asserts the fact Easy Finance Limited also referred to as EFL si mply necessarily operates as a financing business entity. This company that disburses credits to different firms for carrying out their feasible operation is also a financier of the company Impulse Limited. The decision for disbursements of loans by the firm EFL mainly depends on the financial health of the firm that are analysed by proper evaluation of the financial reports produced by different companies. The main intention of the management of Impulse Pty Limited is to detect and to counter different business issues that directed towards the down gradation of the financial condition of the firm (William Jr et al. 2016). The analysis of case study also helps in recognizing the fact that the company Impulse faced liquidation during the year 2012 as a consequence of combines effect of several associated to the liquidity condition as well as inventory levels of the business concern. Consequently, EFL also suffered as a result of the adverse business events of Impulse Pty Limited. As per the definite roles and accountabilities of the self-governed auditors, it can be hereby mentioned that assessors have the liability to prepare as well as arrange the financial declarations. The financial announcements also need to replicate the financial conditions of the firms accurately for a particular course of time by explicitly indicating the chart of accounts (Stuart 2012).However, in case if a particular situation crops up after the declaration of the financial statements of a company, then it is imperative to incorporate the impacts of these occurrences in the reports that will be published in the upcoming period. Thus, it is vital to undertake necessary amendments for divulging severe incidents that can in turn affect the entire trustworthiness of the business concern for a specified duration of time (Spears et al. 2013). As per the case study, it can be mentioned that EFL had to bear enormous amount of losses because of indebtedness and bankruptcy of the organizatio n Impulse Pty Limited. In addition to this, it can also be inferred that the loss of EFL occurs due to the non-revelation of precise financial suggestions of the company Impulse. Consequently, it can be inferred that the actions guided by the accounting firm King Queen was immensely unethical according the notions as well as codes of the practices of auditing (Simnett et al. 2016). Thus, auditing firm King Queen is accountable to the financing company EFL for the losses due to the distribution of credits to the company Impulse based on the financial announcements of the company. An exhaustive analysis of the case study on the operations of Impulse Pty Limited reflects the fact that the auditing company King Queen might probably not run into legal proceedings. The autonomous auditing firm might not face legal charges if the company delivered exact financial information as regards the monetary state of affairs of the company to the financing firm EFL on requisition of written explanation from EFL as regards the advice on economic situation of the corporation Impulse. In addition to this, the auditing firm King Queen also had to offer reliable as well as trustworthiness of financial evidences to the EFL. This is because the decision of disbursement of loans by EFL to the company Impulse is primarily based on the financial reports presented by the accounting firm King Queen. In case if EFL decided to disburse credits to the company Impulse after being aware of the actual financial condition of the firm, then EFL cannot hold the accounting firm King Queen acc ountable for the displeasing consequences. However, based on the analysis of the present case, it can be hereby stated that the accounting firm have the need to undertake an integrated process of evaluation of the financial results of the entire business of Impulse as per the stipulations of the auditing standard (Auditing Standard 5) of particularly the PCAOB (Messier Jr 2016). In addition to this, there is need for preservation of internal control that in turn can help in the course of assessment and review of the financial results of the firm. As such, it is imperative for the auditing firm to maintain adherence to different regulations as well as directives for undertaking the audit activities (Louwers et al. 2013). In fact, it is very important for the auditing firm to comply with the stipulations declared by the Australian Accounting Standard Board (AASB) as well as The Corporation Act declared during 2001. The accounting firm needs to abide by the rules mentioned under sectio n 336 of the Corporation Act for carrying out a proper process of financial assessment of the results declared by the company. The appraisals of the financial announcements also has be consistent with the directives mentioned under the ASQC 1. Together with this, the accounting firm also needs to undertake the reviewing activity as per the guidelines mentioned under the ASA 102 that talks about the ethical accountabilities of audit process as well as diverse audit engagements (Auasb.gov.au 2016). Furthermore, the King Queen needs to follow diverse regulations cited under the section ASA 220 that refers to the directives for preservation of quality control of a particular audit procedure for correct appraisal of financial statement supplemented by other historical information chiefly the financial suggestions (Auasb.gov.au 2016). Besides this, the auditors also have to adhere to different rules as well as directives publicised under ASA240 for understanding the answerabilities of th e assessors associated to recognition of diverse fraudulent actions in a specific review process (Dai and Vasarhelyi 2016). In addition to this, the entire procedure of assessment of auditing also need to take into account varied regulations as presented under the section Australian Auditing Standard 250 for assessment of financial statements (Auasb.gov.au 2016). The independence of auditing essentially indicates towards the independence of the internal assessor or else the external assessors of the financial declarations of the firm who might have financial interest in the business that is being assessed. However, the independence of the assessors also have the need for maintenance of integrity as well as an objective tactic for conduction of the audit procedure. Glover et al. (2014) opines that independence of audit involves two different features namely the perceived independence of auditing and the actual independence of auditing. However, there are several distinctions between principles of perceived independence of auditing and actual independence of auditing in terms of appearance. In addition to this, the attainment of objectives as well as aims of auditing have the necessity for understanding the concepts of both the perceived as well as the actual independence of the entire process of auditing. In addition to this, Cohen and Simnett (2014) asserts that actual independence refers to different activities of assessors that get necessarily swayed by the thinking capacities of the respective assessors of the financial reporting. Again, the actual impendence of auditing also considers the procedure of dependence of emotional state of mind of the assessors conducting the audit. In addition to this, the mental condition of the auditors also exert enormous effect on the overall exercises as well as the way of handling the process of auditing of financial declarations of firms (Carson et al. 2013). Thus, independence in the course of arriving at business decisions can be viewed once directors of diverse corporation intends to talk over situations of specific auditors. Nevertheless, the actual independence of auditing in the course of reviewing inevitably relies on emotive mental condition of assessors. However, it is very difficult to determine the state of mind of the auditors and determine the effect of their mental condition on their task (Butcher et al. 2013) Hence, this can be very confusing to enumerate the neutrality of diverse evaluators. Nevertheless, perceived independence of auditing in the course of review as well as auditing can be observed as an explicit grey zone that subsists between the typical black and white area of assessing and is instituted mainly on views (Brown and Kohlbeck 2016) The first independent situation refers to the activities of Bob, a self-regulated audit assistant who carries out university studies. The scenario mentions that Bob unethically reproduced important financial information of Club Casino for completing his own university task. While duplicating the important pecuniary information from the book of accounts of Club Casino, Bob also purposely erased the references to the Club Casino in a bid to maintain secrecy of the client. The analysis of this independent situation can help in ascertainment of the fact that the activities undertaken by Bob leads to prospective desecration of audit processes since Bob did not apprise Clun Casino regarding his activities. Thus, it can be mentioned that Bob being a self-governed auditor needed approval from the authorities of Club Casino regarding the implementation of different pecuniary evidences for meeting his own educational requirements and for completing his own university task. In addition to this, Bob also had to comply with specific ethical obligations mentioned under the auditing standard ASA 102 that mentions about ethical requirements before conducting the audit processes (Bell et al. 2015). As mentioned in the case study, the second independent situation refers to the engagement partnership of Wendy with the business concern Ace Limited. As per the scenario, Wendy has been the engagement partner of audit for the company Ace Limited for quite a period of time. Meanwhile, the long-time company secretary of Ace Limited retired and the management of Ace required almost 6 months to get a replacement. However, on request of Ace, Wendy undertook all the secretarial duties for the particular period of time. This independent situation expounds the contribution of Wendy towards the company Ace Limited. The scenario also helps in understanding that the company Ace Limited also had the system of auditor rotation and the management of the company adhered by the principles of ASIC as regards the rotation of auditor and replacements. Thus, it can be said that it is crucial for auditor to comply with the stipulations stated under the section ASA 220 particularly AusA6.1 for preservatio n as well as maintenance of quality control as regards the auditor rotation requirements (Arens et al. 2012). Besides this, the company also had to conform to different obligatory requirements as per Corporation 2001 for rotation of auditors. This too can help in the process of solving different requirements of the auditors. Furthermore, as per the regulations and directives stipulated under the ASIC, the reviewers are also accountable for adhering to different regulations for preparation of financial announcements for diverse segments of business as well as different functionalities of the business functioning for over and above 5 years (Auasb.gov.au 2016). The third independent situation refers to the task of Leo throughout the course of auditing of the financial declaration of the company Precision Machinery Limited. As mentioned in the case scenario, it can be hereby ascertained that Leo is the eldest son of a particular factory foreman of the company Precision Machinery Limited. Leo was assigned the task of performance of audit for the firm Precision Machinery and he was accountable for examining the entire internal control of the overall cash disbursement system of the firm. The analysis of the case study divulges the fact that there exists different factors in the process of appointment that needs to be fulfilled in order to meet the regulatory obligations and to attain a certain level of efficiency simultaneously. The third scenario can also be connected to diverse punitive processes that needs to be maintained as per the guidelines of different professional accounting entities. In addition to this, it is also very crucial to com ply with different rules as well as regulations stipulated under the auditing standard ASA 220 that mentions about different directives for preservation as well as maintenance of quality control of the overall procedure of assessment of financial reports (Auasb.gov.au 2016). Moreover, the regulations under ASA also helps in assessment of the overall quality of different audit substantiation that can be used for carrying out the process. In addition to this, the regulations and directives mentioned under ASA 510 also helps in comprehending the guidelines for audit engagement in the firm Precision machinery and analyse their accurateness of the actions (A. Vasarhelyi and Romero 2014). The last independent situation refers to the events that occurred between the auditing firm Chan Associates and its client company corporation Classic Reproduction Pty Limited. As mentioned in the case scenario, Classic Reproduction Pty Limited have not disbursed the audit fee to the company Chan Associates. Subsequently, the audit partner also threatened to resign for the last three years. However, the audit partner also threatened to quit in case of the non-payment of the audit fees. To avert the situation, the company Classic Reproduction Pty Limited decided to present new office furniture to the auditing firm Chan Associates as a consideration. However, the partner consented to accept the offer of furniture in place of different outstanding fees that accounted for around 50% of the entire balance amount. Thus, the procedures also required the planning of the entire settlement process for the definite claim related to the audit fees of the accounting firm Chan Associates. More over, the present case also states about the nature of connection with the company Classic Reproductions and the actions that needs to be undertaken for not fulfilling specific auditing requirements. References Vasarhelyi, M. and Romero, S., 2014. Technology in audit engagements: a case study. Managerial Auditing Journal, 29(4), pp.350-365. Arens, A.A., Elder, R.J. and Beasley, M.S., 2012. Auditing and assurance services: an integrated approach. Prentice Hall. Auasb.gov.au. 2016. Auditing and Assurance Standards Board (AUASB) - Home. [online] Available at: https://www.auasb.gov.au/ [Accessed 15 Dec. 2016]. Bell, T.B., Causholli, M. and Knechel, W.R., 2015. Audit Firm Tenure, Non?Audit Services, and Internal Assessments of Audit Quality. Journal of Accounting Research, 53(3), pp.461-509. Brown, V.L. and Kohlbeck, M., 2016. Providing Assurance for Sustainability Reports-An Instructional Case. Issues in Accounting Education. Butcher, K., Harrison, G. and Ross, P., 2013. Perceptions of audit service quality and auditor retention. International Journal of Auditing, 17(1), pp.54-74. Carson, E., Simnett, R. and Vanstraelen, A., 2013, September. Auditing the auditors: An international analysis of the effectiveness of national inspection regimes on audit quality. In The University of Auckland Business School Seminar. Cohen, J.R. and Simnett, R., 2014. CSR and assurance services: A research agenda. Auditing: A Journal of Practice Theory, 34(1), pp.59-74. Dai, J. and Vasarhelyi, M.A., 2016. Imagineering Audit 4.0. Journal of Emerging Technologies in Accounting, 13(1), pp.1-15. Glover, S.M., Prawitt, D.F. and Messier, W.F., 2014. Auditing assurance services: a systematic approach. McGraw-Hill Education. Louwers, T.J., Ramsay, R.J., Sinason, D.H., Strawser, J.R. and Thibodeau, J.C., 2013. Auditing and assurance services. New York, NY: McGraw-Hill/Irwin. Messier Jr, W., 2016. Auditing assurance services: A systematic approach. McGraw-Hill Higher Education. Simnett, R., Carson, E. and Vanstraelen, A., 2016. International Archival Auditing and Assurance Research: Trends, Methodological Issues and Opportunities. Auditing: A Journal of Practice and Theory. Spears, J.L., Barki, H. and Barton, R.R., 2013. Theorizing the concept and role of assurance in Information Systems Security. Information management, 50(7), pp.598-605. Stuart, I., 2012. Auditing and assurance services: an applied approach. McGraw-Hill/Irwin. William Jr, M., Glover, S. and Prawitt, D., 2016. Auditing and Assurance Services: A Systematic Approach. Auditing and Assurance Services: A Systematic Approach.