Bank of America - 951 Words

Organizing Paper ï ¿ ½ PAGE ï ¿ ½1ï ¿ ½ BANK OF AMERICA Bank of America is one of the biggest companies with a lot of employees. Bank of America was founded in 1874 known as the Nations Bank till its acquisition of a San Francisco-based Bank of America in which it assumed its current name. Bank of America is one of the leading financial companies in the world. When dealing with assets, it is the second largest. Bank of America has a profit of 31.61%. The factors that hurt the bank would be due to customers closing accounts without making the bank aware and making sure that they have a system in place for when they received checks written in large sums to be cleared. Another weakness would be holding on to the customers direct deposit to cover†¦show more content†¦They are there to support their employees with family and personal responsibilities. Among the common policies adopted to support and recognize the evolving needs of employees in relation to their personal and familial life are counseling programs that assist employees on matters regarding personal life and provision of child and eldercare services so that employees can attend their familial obligations while at work. The company also employs flexible work arrangements as telecommuting, compressed workweeks, flextime, so that employees can further balance their responsibilities. Because the bank s employees are themselves similar to the people or customers that the bank serves, they are furthermore entitled to certain discounts in case they want to avail of company s products and services including Housing loans, Commuter benefits, disability loans, and educational partnerships, among many others. The human resource department is an integral part of any organization. This is especially in the case of Bank of America where the human resource is at the core of its mission. Taking care of the human resource is of utmost important because it is the people who make up the organization and it is the people who actually bridge the objectives of the organization into action. The people are an important resource in any organization because they are the major source of ideas and active executers of service of any organization. The Bank ofShow MoreRelatedThe Purchase of MBNA by the Bank of America736 Words   |  3 PagesAs headlined in the media each day, society has seen many company mergers because of the bad economy. Many of the mergers lead to culture clashes and in the end fail. However, in 2005, Bank of America announced its $35 billion purchase of MBNA a credit card giant, many believed this merger would join with the pile up of those done in by cultural differences (Robbins Ju dge, 2009). Although these two companies were different in many ways and the cultural differences were a recipe for disaster, theRead MoreBank of America and Merrill Lynch1177 Words   |  5 PagesBank of America and Merrill Lynch Business Combinations: Dissolution of all but one of the separate legal entities is not necessary in order to have a business combination. A business combination is created when a number of separate organizations are tied together through common control, or an acquirer obtains control over one or more businesses. Statutory merger: any business combination in which only one of the companies remains as a â€Å"survivor† or â€Å"parent†. Statutory consolidation:Read MoreService Marketing On Bank Of America1115 Words   |  5 PagesJaquelle, Silam, Silas, and Trang Service Marketing on Bank of America Based on service Intangibility Unlike goods, services are typically produced and consumed simultaneously. The service and provider are always linked together. Banking is one of industries need much more services. Employees, Email, ATM, Online banking are the vehicles that the bank uses to deliver their services to the customers. â€Å"Products are tangible while services are intangible in nature. Intangibility of services is derivedRead MoreBank of America- Case Study1138 Words   |  5 PagesCase Study Brief Introduction: The Bank of America was formed in 1998 after the merger of California based Bank of America and the Nations Bank of North Carolina. At the end of the 20th century the bank stood as the second largest bank in the American market with close to 4500 branches operating in 21 states. Most of these branches were located in high growth markets of the south and west coast. Globally, it employed 1, 40,000 employees across 190 nations, over $8 billon in revenues, $360Read MoreEssay on Bank of America Case Analysis1705 Words   |  7 PagesBank of America – Case Analysis Prepared By Kesha S Mitchell April 30, 2013 AMBA 650-1134 Marketing Management and Innovation Professor Philemon Oyewole In 2007, Bank of America (BofA) Corporation launched the largest secure mobile banking service in the United States and has over four million mobile banking customers. BofA mobile banking service gives the customers access to their checking accounts for balance, transfers funds and to pay bills through a mobile application (app)Read MoreSwot Analysis for Bank of America Essay1553 Words   |  7 PagesIn the SWOT analysis for Bank of America one I performed a SWOT analysis for the Bank of America. I assumed the role of a mutual fund manager work for First Investment Inc Investment Inc. With the information I gathered in part one of my paper I made the decision to invest in Bank of America. In part two of these papers I will further explain why I chose to invest in Bank of America. This paper will address the financial health of Bank of America by reviewing the banks income statement, balanceRead MoreBank Of America s Financial Crisis1744 Words   |  7 PagesBank of America in t he 2008 Financial Crisis – An Even Bigger Financial Giant Suffered Losses and Lawsuits from Risky Behavior Summary of Bank of America in the Financial Crisis As one of the largest banking holding companies, Bank of America has taken a significant role during the whole process of the financial crisis. Compared with financial institutions whose business focused on specific fields, like investment banks or mortgage companies, Bank of Along got involved in activitiesRead MoreWells Fargo vs Bank of America2683 Words   |  11 PagesThe Perfect Match: Wells Fargo vs. Bank of America The banking industry is highly competitive. The financial services industry has been around for hundreds of years. Wells Fargo has many competitors itself. In this paper, I will be doing a comparison of Wells Fargo amp; Company (WFC) and one of its biggest competitors, Bank of America Corporation (BAC). By analyzing looking at the financial ratios, one can see whether the company is successful or not. In the following, I will try to analyze andRead MoreBank of America Analysis Paper2217 Words   |  9 PagesBank of America Corporation Analysis Thomas L. Lowther III MGT /521 May 16, 2011 Chuck Andre Bank of America Corporation Analysis Banking is an important industry that not only serves people on a personal level, but the United States in a global economy as well. First I will conduct a SWOT analysis for the company I chose which is Bank of America Corporation. Second, I will also identify the company’s internal and external stakeholders. Next, I will describe their wants and needsRead MoreBank of America3692 Words   |  15 PagesBank of America IS enhances business strategy: The world is a rapidly changing canvas that visits a dynamic and turbulent environment on senior managers changing how Information Systems (IS) are used and needed in each organization. The power to collect, assess, and disseminate information is a valuable strategic resource that any organization can use to improve its competitive advantage. At the same time, technological advances are changing rapidly, thus requiring frequent updates in hardware

Essay about The United States Homeless Population - 879 Words

Introduction In the United States the homeless population continues to grow rapidly. Homelessness has been a public health issue for many decades. Often times these individuals feel as though society has turned a blind eye to them. This at risk population is seen by society as lazy or chose to live a life on the streets, but if one would examine this population closely would see that there is more to this at risk population than what society has labeled them as. The forces, which affect homelessness, are multifaceted. Social forces such as family breakdown, addictions, and mental illnesses are in combined with structural forces such as lack of low-cost housing, insufficient health services, and poor economic conditions. Many would†¦show more content†¦Homelessness is often accompanied by many other problems such as mental disorders, substance abuse issues, isolation from family and friends, and poor general health. Often time’s people that suffer from homelessness experience a lower quality of life than those who have a place to call home. While there are many reasons why the homeless population continues to increase social and economic factors have contributed to this epidemic. The global financial crisis has contributed to the prevalence of homelessness in the United States. The social factors that contribute to homelessness include living in poverty and not enough affordable housing. The widespread of the crack cocaine in the 1980 also increased homelessness. Many individuals suffering from homelessness also suffer from many different type of drug addictions. It is estimated that 40 % of homeless people are dependent on alcohol and 25% on other drugs. Alcoholism is increasingly being recognized as the most pervasive health problem for homeless. In addition homeless alcohol dependent individuals have a higher prevalence of other psychiatric disorders and more impaired in their social and vocational functioning. Alcoholism and the behaviors cou pled with it have a huge influence on physical health. Majority of studies conducted on homelessness and drugsShow MoreRelatedThe Homeless Population Of The United States1393 Words   |  6 Pages The homeless populations are among the most vulnerable populations in the United States. In today’s society, the homeless population consists of every age group, sex, religion, family type, and ethnic group. Families, children, and adults who are homeless suffer many adverse effects from living in shelters and on the streets, and approximately twenty six percent of homeless individuals suffer from severe mental illness (Stanhope, 2014). This paper focuses on the homeless population of all ageRead MoreVeterans : The Homeless Veterans1245 Words   |  5 PagesVeterans Homelessness United States veterans have risked their lives in order to give us all the freedom we have today, yet they are struggling in the society we have today and are forced to live on the streets. One major issue in our world today is the increasing number of how many veterans are homeless. After researching I have found the five most commonly discussed topics in this subject are; the number of homeless veterans in the whole United States, the different causes of veterans homelessnessRead MoreThe United Way Of Champaign County1427 Words   |  6 PagesChampaign and Urbana we see homeless people on the streets II. Relate topic: When we think of the homeless we often think of the corner of Green Sixth, the viaduct on Springfield Avenue, or the entrance to any of the three local Wal-marts. III. Thesis: The United Way of Champaign County utilizes their resources to provide aid to the local homeless population. IV. Preview: To begin we will see how homelessness is a local issue, then I will talk about the homeless programs that were eliminatedRead MoreThe Epidemic Of Homelessness Essay1053 Words   |  5 Pagesï » ¿ The Epidemic Of Homelessness And The Impact It Has On The United States Jeff Damitz One of the sociologic problems that have always faced society is the presence of homelessness population in a percentage of societies’ citizens. The National Health Care of the Homeless Council (2014) describes the official definition of homeless at â€Å"an individual without permanent housing who may live on the streets; stay in a shelter, mission, single room occupancy facilities, abandoned buildingRead MoreVulnerable Populations1503 Words   |  7 PagesVulnerable Populations BSHS/320 The United States of America is the place known to many as the land of the free, home of the brave, and the place to start a better life. With any place that has good qualities, some have not so good qualities. The homeless population in the United States is at a staggering high, and many individuals are suffering because many lack employment/financial resources, housing resources, support from family and friends, and others negligence; such as natural disastersRead MoreSociological Perspective on Homelessness1248 Words   |  5 Pagesperspective. The paper will additionally reference sociological theory as a means of explanation for homelessness, such its causes, the demographics/populations, and other prominent known characteristics of homeless people. There are individuals and groups who choose to be, from a normative societal perspective, homeless, but for a great deal of the homeless population, it can be a treacherous and tragic lifestyle that is a result of a distinct set of social, societal, and individual factors. Due to theRead MoreHomeless Veterans Are Becoming More Prevalent Of The United States886 Words   |  4 PagesINTRODUCTION American homeless veterans are becoming more prevalent in the United States. Research will show that American veterans are an overrepresented population among the homeless in the U.S. A homeless veteran is an individual who lives on the streets, in abandoned buildings, vehicles, encampments, shelters, or transitional housing (Veterans Today, 2013). As a matter of fact, homeless veterans do not have a permanent residence under their control. Homelessness in general includes thoseRead MoreThe McKinney-Vento as amended by S. 896 the Homeless Emergency Assistance and Rapid Transition to1500 Words   |  6 Pages896 the Homeless Emergency Assistance and Rapid Transition to Housing (HEARTH) Act of 2009 also known as McKinney-Vento Homeless Assistance Act, signed into law in 1987, covers many aspects of homelessness. The National Coalition for the Homeless states that the â€Å"McKinney-Vento Homeless Assistance Act was the first—and remains the only—major federal legis lative response to homelessness† (NCH). Originally, this act contained fifteen different programs that were included to aid the homeless populationRead MoreHomelessness Intervention Paper : Homelessness1134 Words   |  5 Pagespublic assistance† (nationalcoalitionforthehomeless.org). The United States official definition of homelessness is: A homeless individual is defined as â€Å"an individual who lacks housing, including an individual whose primary residence during the night is a supervised public or private facility (e.g., shelters) that provides temporary living accommodations, and an individual who is a resident in transitional housing.† A homeless person is an individual without permanent housing who may live onRead MoreVulnerable Population and Self Awareness Paper1620 Words   |  7 PagesRunning head: VULNERABLE POPULATION AND SELF Vulnerable Population and Self-Awareness Paper: Substance Abuse Lesley Pyron University of Phoenix Vulnerable Population and Self-Awareness Paper Effective healthcare is dependent on understanding vulnerable individuals and populations with respect to biases and prejudices of healthcare providers. According to de Chesnay (2008), â€Å"Vulnerability is a general concept meaning susceptibility, and its specific connotation in terms of healthcare is at risk

Abu Bakr - the First Muslim Caliph

Born to a wealthy family, Abu Bakr was a successful merchant with a reputation for honesty and kindness. Tradition has it that, having long been a friend to Muhammad, Abu Bakr immediately accepted him as a prophet and became the first adult male to convert to Islam. Muhammad married Abu Bakrs daughter Aishah and chose him to accompany him to Medina. Shortly before his death, Muhammad asked Abu Bakr to offer up a prayer for the people. This was taken as a sign that the Prophet had chosen Abu Bakr to succeed him. After Muhammads death, Abu Bakr was accepted as the first deputy of the Prophet of God, or caliph. Another faction preferred Muhammads son-in-law Ali as caliph, but Ali eventually submitted, and Abu Bakr took over governance of all Muslim Arabs. As Caliph, Abu Bakr brought all of central Arabia under Muslim control and was successful in spreading Islam further through conquest. He also saw to it that the Prophets sayings were preserved in written form. The collection of sayings would be compiled into the Quran (or Quran or Koran). Abu Bakr died in his sixties, possibly from poison but just as likely from natural causes. Before his death he named a successor, establishing a tradition of government by chosen successors. Several generations later, after rivalries led to murder and war, Islam would be split into two factions: the Sunni, who followed the Caliphs, and the Shiite, who believed that Ali was the proper heir of Muhammad and would only follow leaders descended from him. Also Known As El Siddik or Al-Siddiq (The Upright) Noted For Abu Bakr was the closest friend and companion of  Muhammad  and the first Muslim caliph. He was one of the first men to convert to Islam and was chosen by the Prophet as his companion on the  Hijrah  to Medina. Places of Residence and Influence Asia: Arabia Important Dates Born:  c. 573 Completed  Hijrah  to Medina:  Sept. 24, 622​ Died:  Aug. 23, 634 Quotation Attributed to Abu Bakr Our abode in this world is transitory, our life therein is but a loan, our breaths are numbered and our indolence is manifest.

The Greatest Composer Of All Time - 1393 Words

Composer and Pianist, Ludwig Van Beethoven, who is universally considered the greatest composer of all time was born in December of 1770 into a modest family in a small German town called Bonn. Beethoven got his name from his late Flemish grandfather who was a bass player at court and then in 1761 he became maestro of the chapel (Iulian Munteanu, Onesti, Romania). During his short years of living in his hometown Bonn, he studied a wide variety of compositions and played the piano and viola. Beethoven withdrew from school at the young age of ten to study music full time with Christian Gottlob Neefe who was the musical director of the national theatre in Bonn. Neefe was not only Beethoven’s first real teacher but he also became Beethoven’s mentor by showing him new advances of his century (Iulian Munteanu, Onesti, Romania). In his twenties, he moved to Vienna where he would live until his death in 1827. There, he studied Mozart and Haydn and quickly became famous by maki ng a reputation by not only being a pianist but also a teacher. Beethoven was a crucial figure throughout the transitioning of the Classical and Romanic era in western art music. Beethoven is known to be one of the greatest composers of all time because he had ferocious individualism and determination during an age where it was not considered the norm, he continued to compose while gradually becoming fully deaf, and he embraced the expansion of his symphonies such as one of his most famous compositions,Show MoreRelatedThe Greatest Composer Of All Time1281 Words   |  6 PagesHayden are great composer, but Beethoven is the greatest composer of all time. Everyone has heard the name Beethoven before. Why is he one of the greatest composer of all time? The answer is easy. He influenced so many composer after he died. Just like how Michael Jackson influenced other artistes when he passed away. He made a huge impacted during the classical period and to world. His music were influenced into the next centuries, and he’s considered the best composer of all time. Ludwig Van BeethovenRead MoreThe Greatest Composer Of All Time1386 Words   |  6 Pageswell-known composers, but Beethoven is the greatest composer of all time. Everyone has heard the name Beethoven before. Why is he one of the greatest composer of all time? The answer is easy. He influenced so many composers after he died. Just like how Michael Jackson influenced other artists when he passed away. He made a huge impacted during the classical period and to the world. His music was influenced into the next centuries, and he is considered to be the best composer of all time. Ludwig VanRead MoreBeethoven: the Greatest Composer of All Time.1267 Words   |  6 Pagesâ€Å"The instrumental music of the German composer Ludwig van Beethoven forms a peak in the development of tonal music and is one of the crucial evolutionary developments in the history of music as a whole.† ~ Unknown Mozart aside, Ludwig van Beethoven is the most famous classical composer of the western world. Beethoven is remembered for his powerful and stormy compositions, and for continuing to compose and conduct even after he began to go deaf at age 28. The ominous four-note beginning toRead MoreJohann Van Beethoven And The Greatest Composer Of All Time955 Words   |  4 Pagesfeel less important. Beethoven went through struggle after struggle making a name for himself. But despite all of the heartache and despair in his life his music overcame it all. Beethoven used his musical abilities to overcome his sadness and unknowingly helping others overcome theirs as well. Composer and pianist Ludwig Van Beethoven, widely considered as the greatest composer of all time was born around December 16, 1770 ( nobody knows for sure) in the city of Bonn, Germany. Beethoven hadRead MoreInformative Speech On Movie Music919 Words   |  4 PagesSpeech Title: Making Movie Music Specific Purpose: To inform you of three of the greatest movie score composers of our time and the significance they hold. Central Idea: Three of the greatest composers of our time are John Williams, Hans Zimmer, and Alan Menken and they all hold great significance in the world of moving scoring. Introduction I. AG: When you think of Disney movies, what comes to mind? Of course, the fun melodies twinkled throughout the movies. What about your favorite heroesRead MoreFlamenco and the Spanish Culture619 Words   |  3 Pagespopular all over the world and is taught in many countries (Flamenco - History.). One of the largest cultural differences that set the Galicians apart from the other inhabitants of Spain is the traditional music and dancing that are predominantly featured at their festivals and celebrations. Galician music has a very strong Celtic connection. Their music is played on gaita galega.† Gaita galega can be traced back as far back as the 13th and 14th centuries, and is a staple instrument in all of theRead MoreBaroque Music764 Words   |  4 PagesBaroque Music Period ​â€Å"Baroque music expresses order, the fundamental order of the universe. Yet it is always lively and tuneful. Follow the development of music through this brief outline, from the earliest times to the present day, with baroque music set in historical context.† The style of polyphonic music containing elaborate ornamentation and contrasting elements, that is how Baroque music is defined. The Baroque era in music is not a set style in music but many diverse styles which may beRead MoreThe Concert Of The Packed Recital Hall1676 Words   |  7 Pagessilence. One of the greatest composers had left his mark on this audience. The piece was the Concerto No.1 in D minor by Johann Sebastian Bach. He was the greatest composer not just because of that piece but also considering music history, his personal story, his popularity during lifetime, the volume of his compositions, the make-up of his music, and familiarity today. Music history is divided four main time periods. Famous musicians lived and composed masterpieces throughout all four eras. The BaroqueRead MoreGeorge Frideric Handel was the Greatest Composer772 Words   |  4 PagesFrideric Handel was the greatest composer during the Baroque period, one of his famous works was â€Å"Julius Caesar† the opera seria. George Frideric Handel was born on February 23, 1685 in Halle, Germany. Handel was known as the greatest composer during the Baroque era. Handel was most famous for the Messiah a English Ontario. This great composer also wrote the great opera seria known as â€Å"Julius Caesar† which was performed first in London, England in 1724. The opera seria quickly became popular andRead MoreEssay Tchaikovsky1429 Words   |  6 Pagesof Russian musical society and world music . . . It is at the same time a creative and technical encyclopedia to which every Russian composer has reference in the course of his own work,@ commented Dimitri Shostakovich.1 This was a typical view held by Tchaikovsky=s contemporaries. He was well known and well respected, especially in his later years. In addition, Tchaikovsky was recognized as the most expressive Romantic composer in Russia.2 He was often idolized and put on a pedestal, particularly

Claude Monet Free Essays

Art History 9 November 2012 Claude Monet: The Impressionist Claude Monet was a French Impressionist painter born on November 14th, 1840. Monet was born in Paris and was the second son to Claude Adolphe Monet and Louise Justine Aubree. On May 20th 1841, Claude Monet was baptized in the local parish church under the name of Oscar-Claude. We will write a custom essay sample on Claude Monet or any similar topic only for you Order Now Shortly after his birth and baptism, Claude Monet and his family moved to Le Havre in Normandy. The mid-forties brought with it a serious economic crisis and apparently a fall in trade for Monet’s father. Monet’s father was in the grocery business and he expected Monet to follow in his footsteps and carry out the family business. Monet grew up in a commercially-oriented household. Only his mother showed an interest in the arts. Her early death in 1857 was a severe blow to the seventeen year old Monet. He found sympathy for his artistic leanings with his aunt, Marie-Jeanne Lecadre. Madame Lecadre was not only in contact with the Parisian painter Armand Gautier, but had her own studio where she painted for pleasure and in which Monet was a welcome visitor. Monet’s relationship with his father deteriorated with time and was not improved when he decided to leave school in 1857; not to mention Monet left school shortly before his final exams. Not helping his case much. At school he received his first drawing lesson from Francois-Charles Ochard. These lessons appear to have had no profound influence on Monet, however. His memories of the period refer exclusively to the witty drawings and caricatures of his teachers and other things. Monet’s caricatures of the citizens of Le Havre, which rapidly earned him 2000 Francs, brought him a degree of local celebrity. In fig. 2, is an example of one of Monet’s caricature drawing, (Caricature of a Man with a Large Nose graphite on paper 25 x 15 cm. ) Monet was introduced to Boudin who praised Monet for his drawings. It was a turning point. Boudin took the young man with him on painting excursions into the surrounding countryside. He convinced Monet that objects painted directly in front of the motif possessed a greater vitality that those created in the studio. Monet later ascribed his decision to become a painter to his encounter with Boudin, with whom he remained in close contact with for the rest of his life. The fact that I’ve become a painter I owe to Boudin. In his infinite kindness, Boudin undertook my instruction. My eyes were slowly opened and I finally understood nature. I learned at the same time to love it. I analyzed its forms, I studied its colours. Six months later†¦I announced to my father that I wanted to become a painter and went off to Paris to study art. † So Monet wanted to become a painter. It was an idea his father eventually accepted but not without difficulty and after much persuasion from Monet’s aunt. Monet’s first oil painting was, â€Å"View of Rouelles† (seen in fig. 3. This painting was also known as, â€Å"Vue des bords de la Lezarde† because it showed a valley and streams either the Rouelles or the Lezarde, which the Rouelles flowed into. Presumed lost, the painting was discovered after hundred years and positively identified. He joined the studio of the Swiss-born painter Charles Gleyre in Paris, in 1862, where he had been for approximately two years. There he met Pierre-Auguste Renoir, Frederic Bazille and Alfred Sisley. All four of them had new approaches to art and they all painted the effects of light â€Å"en plain air† with broken color and rapid brushstrokes. That’s exactly what became known as Impressionism. This period was very important; it was the culmination point of the movement Impressionism and some of Monet’s best works had been painted in Argenteuil. One of the most famous Monet’s paintings is â€Å"Impression: The Sunrise† (seen in fig. 4) painted in 1872 or 1873, from whose title the entire movement had got name. It was art critic Louis Leroy, who coined the term Impressionism, and it had been derogatory, but, Impressionists had liked it and had found it very appropriate for them. The painting â€Å"Impression: The Sunrise† was exhibited 1874 at the first Impressionist exhibition in the studio of Nadar. Today, it is displayed in the Musee Marmottan-Monet in Paris. Monet continued to revise his craft until his death in 1926. With his eyesight deteriorating, one of his final and greatest feats included his creation of â€Å"The Water Lilies† paintings. (Seen in fig. 5) He worked on twelve large canvases and donated them to France. Monet is a household name that lives on in the hearts and minds of the artistic individuals and the lovers of art and its creators everywhere. When looking at Claude Monet’s life, I came to a realization, that he blazed a trail in the art world and he never looked back. Never took no for an answer. Inspired others to find their voice, and created a movement that challenged the status quo in the painting world. The question shouldn’t be, â€Å"what did Monet contribute to the art world? No. In this case it should be â€Å"what didn’t Monet contribute to the art world? Monet’s extraordinarily long life and large artistic output befit the enormity of his contemporary popularity. Impressionism, for which he is a pillar, continues to be one of the most reproduced styles of art for popular consumption in the form of calendars, postcards, and posters. Additionally, his paintings command top prices at auctions. Monet’s work is in every major museum worldwide and continues to be sought after. While there have been major internationally touring retrospectives of his work, even the presence of one Monet painting can anchor an entire exhibition for the audience. The impact of his experiments with changing mood and light on static surfaces can be seen in most major artistic movements of the early twentieth century. When reading books about Monet’s life and his life work, I started to make a list of what made up the â€Å"Impressionist† style. Some elements I found talked about were, absence of light and shade and local tone, division of color and systematic use of complimentary colors and finally, plein-airism which is to try and recreate the outdoor light and air while painting in daylight. Monet was able to gather these elements and use them to help express his style in a unique way artistically, and allowed others to follow him. Through Impressionism, Monet was allowed freedom and a zest for life. Not staying in the lines or playing it safe. Monet shed some light on following your true calling and doing what you feel truly called to do. Monet runs the risk of shattering the traditional image of things as he pushes on towards his dream of the Impressionistic movement. For example, Monet isn’t afraid to give his canvases that chalky appearance which is indicated by the subject under contemplation. His craftsmanship is never systematic, whether he is showing fields of grass, or rocks and the sea. He has long strokes as well as fragmented ones. Then sometimes there’s a lot of what is called â€Å"brisk fluttering† which moves about the painting much like a butterfly would fly around. From far away his work can feel like a mash up of colors. But when you get closer you begin to see what he saw. What he was trying to portray through his works. I think what really stands out to me are the â€Å"Water Lilies† ( see figure 6) from a distance all you see is color and you don’t see the distinct shapes. But I guess that’s the thing, the shapes aren’t distinct. They are up for interpretation. That’s sort of the whole point of Impressionism, or that’s what I think anyways. Monet brought spontaneity to the art world. He brought rhythm and harmony but in an unconventional way. Monet brought freedom of expression back to art and took it to new heights. Monet breathed hope back into the arts, bringing â€Å"poetry back to science. † Monet taught us a new way to see the world, perceive it, and recreate it in a way we see fit. Growing up we had one of Monet’s infamous â€Å"Water Lilies† paintings hanging on our wall. It was called, â€Å"Bridge over a Pool of Water Lilies. † (See fig. ) I was young, but I remember it hanging around, literally, in our old house and for a while in the house we live in now. Truthfully, I thought it was a painting of turtles in water. The way the water lilies sat next to each other I could clearly make out eyes and the body of turtles. Oh how I laugh when I think of that. It’s funny. But that’ s what I got out of Monet’s paintings when I was little. In fact when I glance at it now, that’s still what I see. I wonder what Monet would think if he were alive today and I told him that. Maybe he would laugh. Maybe he would say it was okay I got it wrong. But it was my own interpretation, so was it wrong? I appreciate Impressionistic art; a lot. I appreciate Monet and what he stood for and worked for. I appreciate the fact that it is an impression of what the world looks like but if they colors aren’t perfect or the lines are straight, it’s still okay. One picture that I really enjoyed was, â€Å"Woman with a Parasol – Madame Monet and Her Son. † (See fig. 8) When looking at this picture you can feel the wind on her face, in her hair, around her dress. All you have to do is look at this painting and you can really feel it. I can also see the chalky or abrupt strokes he used in the sky. The whites are not mixed in with the blues and its sticks out and I like that. It’s not formal. I love all the colors in the blades of grass. I don’t know about you but when I think of grass one color comes to mind, yep, green. But when Monet thinks of grass he sees greens, browns, yellows, red, gray†¦I could keep going. But it all works so well together. All those stokes of color. One stroke, that’s all it takes. Monet doesn’t mix his colors together. They stand by themselves, proud and ready to be seen. I enjoy that. The mystery he conveys in the woman’s face is also intriguing. The picture makes you think, your mind doesn’t get bored quickly when you look at this painting. The details in the young boy’s hat are nice. The pop of red on the ribbon that goes around the hat, it stands out the eye and you catch it right away. It also helps bring out the reds in the blades of grass. Some other works that fascinated me while I was reading about Monet was his little series on boats. I enjoyed, â€Å"Boating on the Epte† and â€Å"In the Rowing Boat. † (See fig. 9 and 10). When looking at these paintings I was quickly reminded of the movie The Notebook. Specifically because in the movie the main characters are in a boat much like the ones in the pictures, and they have a sort of romance about them. They just look so romantic, the paintings. I don’t know if that was the intention behind these but its how I have interpreted them. It just amazes me, how Monet has such a loose stroke or a loose way of painting and yet it still turns out looking so good with great accuracy. He was a pretty good drawer before he started to paint so I’m sure that helps, but just looking at the details in these paintings I have grown such a respect for the Impressionists of the world. I respect them and their craft. I couldn’t do it, and they do it with what looks like ease. Monet makes me believe that if I put my mind to it, anything is possible. I know that sounds a bit cliche, but it’s true. Monet started a movement, and it opened a whole new way of thinking for artists. I think if I were to seriously pursue painting or something of that sort, Monet would definitely be role model. I’m really into fashion, and in a way, Monet’s style of painting could inspire a clothing line. The colors of his paintings surely would do the trick. His earthy tones would do great in the fall, and the whites and cool blues for winter. So I guess, Monet didn’t only have an impact on the art world, he kind of has an impact on the whole world. His styles could be used for more than painting. I’ve learned nothing is too big to chase. Monet is a classic get knocked down seven times, stand up eight kind of stories. Life changes every day. Nothing stays the same. It is always up for interpretation. I think Monet captured that idea and thought through a brush and paint. Monet is telling us we call all do the same, in our own way. 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Auditor Independence and Possible Remedies †Myassignmenthelp.com

Question: Discuss about the Auditor Independence and Possible Remedies. Answer: S.NO. ISSUES ASSERTIONS TO AUDITORS INDEPENDENCE AUDIT OBJECTIVES AUDIT PROCEDURES FOLLOWED TO SAFE THE INDEPENDENCE 1 Promotion of LTH Company Business in a travel industry seminar Affirmation of Advocacy in relation to independence of the audit firm is present in the given issue under consideration. (Edwin, 2015). The audit objective as defined in the given situation is that the auditor has to do endorsement of the business of the company at a public platform apart from the stakeholders of the company. The Chief Executive Officer Chris made a board statement to the auditor that if does not advertise the company then the companys board has to think for his engagement in the next year. This statement puts the pressure on the auditor mind about losing financial revenue if does not do such act which hampers the objectivity of the auditor in accomplishments of the fair audit and reporting in true spirit. The basis of audit object of making fair representation about the affairs of the company is violated if auditor promotes the company at the public platform. The assertions can be assessed in the given situation by the level misstatement not reported by the auditor in fair manner. While doing the audit of the client in this type issue the following procedures need to follow by the auditor: i. The implementation of due professional care and judgment while analyzing the financial information of the client ii. The standard operating procedures in relation to ethical principles as laid down in Australian Auditing standardard needs to follow by the auditor. iii. The auditor should maintain its objectivity while performing his duties and responsibilities during audit tenure (Livine, 2005). 2 Free Vouchers given to Auditor for himself and his family member by LTH Company Contention of Self Interest has been present in the case under study in order of providing any extra benefit of auditor. (Barizah, 2016). The primary audit objective in respect of presentation of the trading results in form Profit and Loss account and financial position in form of Balance sheet is violated with the assertions given under the situation. The Chief Executive Officer Chris wants give extra benefit to main audit team member Geoff for having even audit of the next year. The Client thinks that if they provide the extra benefit to the audit team member then the audit team member will over look any errors frauds and misstatements comes under his notice while reporting about the affairs of the company to give favor in return of free gift availed by the auditor. The assertions in this situation can be assessed by the level of financial and non financial interest of the auditor by not providing true and fair reporting on the operating results of the company and on financial performance of the company. Audit procedures that the auditor should follow during the audit in Self interest threat are as follows: i. The rotation of audit staff is major audit procedures which are to be followed by the auditor as per the provisions of the Australian Auditing and Ethical Standards 110. ii. The audit team member should refuse to accept the extra benefit if given by the client to main its integrity in order to have independence in reporting. iii. The auditor should inform to the regulatory board if the client puts pressure on the auditor to resign from audit engagement because the audit member is not accepting the extra benefit (Livine, 2005). 3 Finance Controller of LTH Company is associate party with the team member Micheal Question of trust and Affirmation of the familiarity is involved in the given situation of LTH Company (UK, 2013) The secondary audit objective of detection of frauds and error by the auditor is avoided here in by the audit team member. Since the Finance Controller of the company who responsible for preparation of the financial accounts of the company is associated with Michael audit team member, the auditor may not apply all the compliance and substantive procedures in finding frauds and errors done by the accounting staff of the company. Also, if the audit team member is able to find any frauds and error then this can rectified at the accounting level before reporting the same in the audit report by the audit team member as he may hide the mistakes of his father due his personal and long lasting relationship. Further, the finance head of the company can also create the dominance on his son Michael (audit team member) to tell me the audit findings before reporting and he can rectify the same before reporting leading the work of audit team as futile. The affirmation in this situation can be meas ure by the level of leakage in the information both from the auditor and the company staff. Following audit practices need to be followed by the auditor in case of family relationship and lose of trust by the audit team member: i. The disclosure of personal interest at the time engagement by the audit team member to his audit partner before joining the audit team. ii. The continuous change of audit staff during the period of the audit is requiring remaining safe from this type of assertion. iii. The peer review of the work of related audit staff by the senior audit partner (Livine, 2005). 4 Providing Audit and Non Audit Services by the same member Annette in LTH Company Self review and self interest assertions are present in the situation under consideration of LTH Company (Parker, 2015). The primary objective of verification and vouching is violated in the given situation where the same person from audit team has to do audit and non audit services like accounting and taxation services. The audit team member has done one month ago the accounting entries and tax calculation for LTH company and the same person has to check the same accounting entries and taxation calculations by applying the vouching and verification methods. The person might think of not applying all the substantive procedures as he thinks the work done by him just few weeks ago is free from errors. The risks in this situation can evaluate by the level of assumptions made in relation to the correctness of the work done by the audit team member. The auditor has to follow the following methods to make himself and his reporting clean from the assertions present in the situation: i. The auditor should take the advice from the independent third party with the audit firm or outside the firm relation to consultancy services provided by the audit team members. ii. The audit team member and accounting team member are different personnel. iii. Discussion with board members of the company about the scope of audit and non audit services and their fees structure at the time of initial engagement. a) The auditor should gain knowledge about the basis source data for accounting by the client so that he can identified the lag in the procedures followed and can reduce the risk of the self review (Livine, 2005). S. No. ISSUES ASSERTIONS BUSINESS RISK AND AUDIT RISK AUDIT OBJECTIVES AUDIT PROCEDURE AFFECTED ACCOUNT BALANCES 1 Purchases made by MSL Mining Supply Limited from the supplier from different counties of the world The Foreign Currency Fluctuation Risk derived as the business risk in the given situation along with Inherent Risk that the auditor has to take into consideration while planning the audit in this situation. The inherent risk is the risk which present in any company due to the mistake at the financial statement level by the accounting personnel of the company. These risks occurred when the nature of transactions are very complex like foreign currency transactions and involves high level of accounting estimates and accounting judgments. (Imrie, 2011). The audit objective involved in the particular situations are: i. Verification and validation of the foreign currency transactions ii. Checking the calculation of the foreign currency and their conversion per the transitional provisions iii. Compliance of all statutory requirements of different countries iv. Detection of errors in taking the wrong exchange rate by the auditor. The audit practices involve in this situation are: i. Understanding the business the procedures adopted by the company while doing the purchase transaction. The purchases are done by the company from the suppliers from United States, United Kingdom and China. The payments made to them according to their respective country currency but the company has booked all this transactions in Australian dollar to show them in its financial statements. ii. Reassessment of exchange rate at the particular date of transaction by auditor iii. Compliance Procedures in relation to the checking of the transitional provisions as defined by the Australian regularity bodies and adopted by the company. i. Overseas Purchases ii. Overseas Creditors iii. Foreign Current Fluctuation Account iv. Foreign Exchange Reserve 2. Transportation of Raw Material from purchased from supplier located in different parts of the world and supply the same to customers located other different parts of the parts of the world by MSL Mining Supply Limited The loss of goods in transit is the major assertion in relation to the business is present in the given situation. Also, the auditor as consider the level of the of detection risk present in the given situation of the MSL company in respect of transportation of goods. The detection risk is defined as situation of danger present in an organization due to the inherent limitations of the company. These risks are generally present as default in the business practices of the company from its inception as non clear agreement with the supplier and customers about loss of goods is goods example of high degree of the detection risk .(Long, 2015) . The audit objectives involved in this type of the issue of the company are: i. Valuation of inventory by applying the principles of valuation of inventory that is cost or net market price whichever is lower ii. Calculation of the loss of value of inventory if inventory is value at net realizable value. iii. Assessment of internal control system of the company in handling of inventory and minimizing the loss of inventory iv. Detection of frauds in relation to valuation of inventory and its loss. v. True and fair value of inventory is reflected in the operating results and financial position of the company. The auditor has to follow the following audit procedures in terms of the issue related loss of goods in transit: i. Gaining the knowledge about the price of equipments and spare parts which are imported from the suppliers is on FOB basis and CIF basis. If the clear instruction about the this not given by the supplier then the procedures of booking the inventory has to be understand by the auditor. ii. Substantive procedures in relation to valuation of inventory have to follow by the auditor. iii. Recalculation of Abnormal loss by the auditor is required to be done in this situation. iv. Professional due and care in assuming the correctness of the judgment made by the accounting personnel of the company about the percentage of inventory lost in transit. i. Inventory ii. Accounts Payables iii. Purchases iv. Sales v. Accounts Receivables vi. Abnormal Loss vii. General Reserve References Barizah N, (2016), Threats to Auditor Independence, available at https://www.academia.edu/260449/Threats_to_Auditor_Independence accessed on 02/05/2017 Edwin M, (2015), Analysis of Threats to Auditor Independence and Available Safeguards against those threats, available at https://www.academia.edu/9406967/THREATS_TO_AUDITORS_INDEPENDENCE accessed on 02/05/2017 EY, (2016), Top 10 Business Risks, available at https://www.ey.com/Publication/vwLUAssets/EY-business-risks-in-mining-and metals-2016-2017/%24FILE/EY-business-risks-in-mining-and-metals-2016-2017.pdf accessed on 02/05/2017 Imrie B, (2011), Business Risks facing the Mining Industry, available at https://www.in.kpmg.com/SecureData/ACI/Files/Top_20_Risks_the_Mining_Industry.pdf accessed at 02/05/2017 Livine G, (2015), Threats to Auditor Independence and Possible Remedies, available on https://www.financepractitioner.com/auditing-best-practice/threats-to-auditor-independence-and-possible-remedies?full accessed on 02/05/2017 Long G, (2015), Audit Risk and Business Risk, available at https://www.cpaireland.ie/docs/default-source/Students/Study Support/P2-Audit-Practice-Assurance-Services/audit-risk-and-business-risk.pdf?sfvrsn=0 accessed on 02/05/2017 Parker A, (2015), 6 Key Threat to Auditor Independence, available on https://www.intheblack.com/articles/2015/01/06/6-key Threats-to-auditor-independence accessed on 02/05/2017 UK Essays, (2013), Threat To Auditor Independence Accounting Essay. Available at https://www.uniassignment.com/essay samples/accounting/threat-to-auditor-independence-accounting-essay.php?cref=1 Accessed on 02/05/2017