Generates Distributes Energy In Australia †Myassignmenthelp.Com

Question: Discuss About The Generates Distributes Energy In Australia? Answer: Introduction AGL Energy (AGL in the ASX), is a publicly listed Australian company that deals with services and products pertaining to energy. It has been audited for the past decade by a different audit firm and now wants to be audited by NY partners. It is involved in the generation and retailing of gas and electricity for commercial and residential use. It is in the energy and utilities industry where the Australian government has put a lot of measures and policies to encourage the liberalization of the sector and its growth (Chambers and Rand, 2011). For initial audit planning strategy, the company has to conduct preliminary investigations on the audited accounts prior to the companys transfer of auditors. In the planning phase of the company audit, the attention will be on key areas of the audit and ensuring that there is sufficient resources that are allocated for the audit engagement. The planning phase should ensure that the audit being carried out will be well directed, supervised and adequately affected to highly reduce the audit risk involved. This is well articulated in ISA300, planning and auditing of financial statements (Ridley, 2008). Initial audit planning Planning begins shortly or after the completion of the previous audited work. This begins with a review of discussed issues with AGL Energy management and the issues that were previously reviewed under the previous audited accounts such as deficiencies in control or the unadjusted errors. These matters are very essential to the audit of the current financial reports and should be considered when planning. AGL Energy is a very big company and therefore NY partners should consider the size of the company, the nature of business and the complexity of the company (Arens et al., n.d.). There is also other factor that may arise like previous engagements with the company if there was at all. The audit plan will also be revised in progress with the audit and should not be viewed as fixed in one constant phase. Clients business and Industry As earlier stated, the client is in the manufacturing and retailing of energy in Australia. It is a big energy company that is also listed in the Australian stock exchange and performs considerably very well. It operates in the gas and utilities industry. Key people in the management include the CEO, Andrew Vesey who also doubles up as the MD. The products that the company deals in include, wind power, Hydro electricity, natural gas, wind power and coal gas. This is generated, retailed and eventually distributed to retailers. Its revenue as at FY 2016 was $ 11.150 Billion while the income for the same period was $ 1.211 Billion. The number of employees as at 2016 was 3,358 and it owns a 25% stake in Actew AGL a subsidiary (Halpert, 2011). It is Australia largest and private owner of renewable assets and energy. Business risk- Risk assessment phase The objective of the risk assessment phase in the audit of financial statements is to identify sources of risk and then assess whether they could result in material misstatement in the financial statements. The auditor should then identify and assess the risks of material error at the level of the assertions included in the financial statements for the various types of transactions, balance sheet accounts and disclosures. This process provides the auditor with the information needed to focus auditing efforts on areas where the risk of material misstatement is highest. On the other hand, the auditor does not need to audit all control activities related to each type of transaction but must focus on significant risks; that is, in the risks of material error identified and evaluated that, in their opinion, require special audit attention. Subsequently, the auditor should clearly, timely and consistently document the identified risks and the material error evaluation at the level of the financial statements and assertions (Halpert, 2011). The risk assessment consists of two parts: the identification of risk, which consists of identifying possible weak points, and the risk assessment, which is to determine the relative importance of each risk. Identification of risks Business risk: Business risk is the result of events, circumstances, actions or inactions that adversely affect the entity, which impairs its ability to achieve its objectives. Business risk also includes events that arise from changes in the company, complexity in specific areas or lack of timely changes. A business risk can have immediate consequences and generate a risk of material error pertaining to transactions, balance sheet accounts and disclosures of assertions and financial statements (Rupert and Kern, 2016). For AGL Energy the business risks involved include change in foreign exchange currency where the currency falls resulting in losses that compounds the business. Energy is mostly affected by nature and lack of strong winds or rainy seasons will lead to little or no generation of wind and solar energy. Changes in the company management structure are also a business risk that can lead to business risk. Material error in transaction of business may also lead to business risk There are several firms of Public Accountants that, in carrying out their audit work, focus their study on financial statements, in particular on the documentary review, by means of detailed tests of the main items and elements that form the financial statements. This stems from the fiscal approach of some of these audits and, as the case may be, due to the staff's lack of knowledge of applicable auditing standards. This gives rise to several problems for these firms: Lack of identification and evaluation of the ri sks of material error, which causes failures in the design and implementation of responses to evaluated risks (non-compliance with the Auditing Standards [NA]). Incur significant time investments to achieve established audit objectives (operational inefficiency).In addition to the serious problem of noncompliance with NAs, the above drawbacks are reflected in the need to apply additional audit procedures once completed, resulting in a significant investment of time for the team. Comprehensive ration analysis in relation to the industry AGL Energy is doing better than its peers in the industry. This is a comprehensive ratio analysis for the company Ratios Formulae AGL Energy Industry Ratios Net profit margin Net Income * Net Sales 189.875/3197.62= 0.059 196.733/3289.813= 0.006 Asset turnover Sales/ total assets 3197.62/4302.23= 0.79 3289.813/4489.96= 0.74 Current ratio Current Assets Current Liabilities 1249.17/876.46= 1.42 1332.96/706.71= 1.89 Quick ratio Cash + Accounts Receivable Current Liabilities 335.32+462.67/876.46= 0.91 387.18+504.77/706.71= 1.26 Debt ratio Total debt/ total assets 1701.6/4302.2= 0.395 1792.3/4489.9= 0.399 Reflection on this matter How often do you notice that audit work programs are defined, without having made an identification and evaluation of risks of material error? Even without having done the audit planning? The use of analytical procedures allows the auditor to efficiently identify potential risks of error, but not only this, but also allows him to know about the entity audited, its financial development and the industry trends of the entity (Performance audit, 2005). Substantive analytical procedures According to their nature, analytical procedures provide different levels of security; to the extent that the level of security decreases may require the incorporation of another type of procedure or, where appropriate, non-application of that procedure. Likewise, it is necessary to evaluate the possibility of applying together with substantive analytical procedures, details. For example, for the validation of the client balance, it is possible for the auditor to perform substantive analytical tests (evaluation of the seniority of balances) and to apply detailed tests (check of subsequent collections). When evaluating the reliability of the information, the auditor should take the following into account for the information available: the source, comparability, nature and relevance and the controls established in the preparation. Information obtained from independent sources of the entity is more reliable; and when it has been audited or reviewed by independent external parties (Ridle y, 2008). It is advisable to be careful in the reliability of the information used for substantive analytical tests; therefore, the auditor should make sure that you can trust it. Not every report provided by the revised entity may have been prepared with diligence. Types of analytical procedures 1.It refers to the procedures performed by the auditor in order to compare financial and / or non-financial information with information from the industry in which the client develops its object and / or with similar companies. Example: The auditor can compare key customer performance indicators (liquidity, indebtedness, performance and activity) with customer industry indicators. 2. Customer Expectation It refers to the comparison of the accounting information with the expectations that the client prepares (budget). Example: The auditor can make a comparison of the budgeted expenses against the actual expenses to a certain date. Significant variations may indicate errors and irregularities in the financial statements (Ridley, 2008).Before the auditor makes the decision to carry out this type of analysis, it is necessary to evaluate the budget preparation and approval process. 3. Auditor's Expectation These are calculations performed by the auditor in order to determine the reason ableness of an account of the financial statements. For these calculations, the auditor may use operational or financial information. 4. Expectation of financial statements It refers to analyzing the changes that occur in the balance sheet accounts and / or results between two or more periods. Likewise, the trends of key performance indicators (Liquidity, yield, indebtedness, activity) of the current period with previous periods can be analyzed References Arens, A., Elder, R., Beasley, M. and Hogan, C. (n.d.). Auditing and assurance services. Chambers, A. and Rand, G. (2011). The Operational Auditing Handbook. New York, NY: John Wiley Sons. Efficient auditing of private companies. (2012). London: Wolters Kluwer. Halpert, B. (2011). Auditing cloud computing. Hoboken, NJ: Wiley. Performance audit. (2005). Sydney: Audit Office of N.S.W. Ridley, J. (2008). Cutting edge internal auditing. Chichester, England: Wiley. Rupert, T. and Kern, B. (2016). Advances in accounting education. Bingley, U.K.: Emerald. Vona, L. (n.d.). Fraud data analytics methodology.

Surprising Details Regarding Research Essay Topics College Abnormal Psych Unveiled

Surprising Details Regarding Research Essay Topics College Abnormal Psych Unveiled The Lost Secret of Research Essay Topics College Abnormal Psych You are able to place an order on the service at no cost and watch for the writers to place bids. If you are feeling unsure at any stage, you should decide on low-cost essay writing services readily available online instead of risking for any error. Locating a topic for your study can be tough, but there are lots of great tactics to think of intriguing ideas. Luckily, there are tons of great places to seek out inspiration and the subsequent list contains just a couple of suggestions to help get you started. The Meaning of Research Essay Topics College Abnormal Psych Cognitive psychologists concentrate on the inner workings of somebody's mind. Cognitive psychology tackles the various mental processes happening in an individual's mind. Many students have a tendency to encounter the writing issues due to the dearth of appropriate com prehension. Introducing Research Essay Topics College Abnormal Psych The precise sort of research an experimental psychologist performs may depend on quite a few factors, including their educational background, interests and region of employment. An extensive assessment approach guarantees that psychologists apply the most powerful and appropriate psychological treatments and interventions. When creating a diagnosis, clinicians must evaluate a patient's condition on five unique axes. To be reliable, many diverse clinicians have to be able to agree and come to the exact same diagnosis for exactly the same patient. Whenever your assignment is a literature review, you're usually indicated with the maximum studies you are able to have in your work. Another strategy that could be quite useful is to tell them a story that could be made up or real one depending the way you prefer. Social psychological work was applied to an amazing many real-world settings. For example, you could tackle any present issue in psychology like equality in mental wellbeing. The bulk of the psychology sub-fields are rather broad, making researching on it extremely problematic. The intent of a psychology research paper, just enjoy any sort of scientific writing, is to find the audience current about developments in the psychology field. In the last year of college, research paper topics need to be more specific and the research ought to be in-depth. If you are bewildered about selecting a topic for research paper, you have to first seek advice from your college faculty members. Sometimes you only need some concrete topic advice to help you begin. To settle on a topic from general psychology, you should choose any topic you enjoy and then begin narrowing it down. The first thing you are going to want to do once you've chosen your topic is to start with writing an outline. Finding the most suitable topic is vital to your psychology research writing. Research Essay Topics College Abnormal Psych: the Ultimate Convenience! Droz If the money doesn't serve you, it is going to rule over you. What's more, the topic itself includes a whole lot of statistics and can be ideal for practically any business, statistics, marketing or other majors. F. Bacon The main intention of the capital isn't to get as much money as possible, yet to guarantee that money results in a better life. To guarantee that you will see a complete answer to every question, we've got a support team that is always online. The Chronicles of Research Essay Topics College Abnormal Psych So you should be concerned about your Online Psychology Assignment Writing. Our Psychology Assignment writing service experts that are assigned to provide Psychology Assignment Help are quite confident in supplying you with the very best assignment. It's possible to buy argumentative essay from a specialist writer. If you're a student of psychology, you'd be asked to pick a specific topic for the last research paper. Inside this post, you're find psychology research paper topics you may utilize to practice or to compose your papers in the event the professor allowed you to select the subject all on your own. Following are a few of the advised sociology essay topic for those students that are unable to pick a great topic for their assignment.

Research Paper Topic: Comparison-And-Contrast

Research Paper Topic: Comparison-And-ContrastHave you ever heard the terms found in a research paper titled 'Comparison-and-Contrast' and wondered what they meant? When you read a research paper, what do you see? Do you see a list of words? If so, this is not a research paper.A research paper that is labeled as 'Comparison-and-Contrast' actually describes a way to organize a research paper, and it is a method for doing that which gives the most attention to the data. It is simply an organization technique used to organize a research paper with a comparison-and-contrast approach to take data from the findings and make it more readable and easier to organize.Most of the great research papers in the history of the field have been this way. Many times you will see those short research papers from the 1920s to the 1970s that are categorized this way. When a research paper has a Comparison-and-Contrast approach, then it is organizing the research in a way that makes finding the data easy t o find and then making the data easier to work with.In order to do this, you must first know why you need to use this organization method, and then you must learn how it is done. There are four main reasons that a research paper should be structured this way.First, Comparison-and-Contrast is an organization method that uses a systematic approach to organize your research paper. It divides the data into sections that are then summarized and organized. You have a natural structure that makes the data easy to find and to organize.Second, the Comparison-and-Contrast organization method forces you to look at your data with different perspectives. It forces you to do the same analysis of the same data, but with varying methods. With the method, you will be forced to get better at your data analysis, which will help you make better decisions about your research.Third, the Comparison-and-Contrast organization method forces you to see the data differently. When you are creating a research pa per, when you are reading a research paper, or when you are writing a research paper, you should see the data differently. By seeing the data in a different perspective, then you will be forced to make better decisions about the data.Fourth, the Comparison-and-Contrast method does not place your conclusions in the end. It forces you to create the conclusion on the fly. This is a skill that you must acquire over time. If you do not develop this skill, then you will always jump to a conclusion or refuse to explore alternative conclusions.

Writing Custom Code For Strategy Wizard

Writing Custom Code For Strategy WizardWriting custom code for Strategy Wizard is not rocket science but it does require that you have some time and expertise in that field. The most common way to do it is to simply copy and paste a few lines from one of the templates found on the website. If you do not want to copy and paste, you can use the built in macros to accomplish all of your strategy wizard job without needing to write anything. In this article I will explain a couple of ways to make it easier to write custom code for Strategy Wizard.There are two sections to the strategy wizard. One area has all of the pre-defined macros and the other section is where you can write your own macro. There are six pre-defined macros in total that are required when using this method.These three area macros are the currency, indicators, and ratios. You can also customize these to suit your needs. Most people choose to utilize all three area macros as they work very well.The third area macro is t he buy and sell ratio. This macro will allow you to place the bid price for a trade at any point in time in order to determine whether it is profitable or not. This is an important macro because it can help you keep an eye on a currency's fluctuations as well as its trends and predict whether it will continue or change direction.The fourth macro is the currency indicator. This allows you to see the movement of a currency's major currencies over time. It is basically a bar graph that allows you to determine a currency's growth. It is very useful if you are hedging currencies and want to see how much they are worth at any point in time.Forex scalping is another way to use the strategy wizard to write your own macros. The most common way to do this is to use the multiple orders option found in the trading interface. Using this you can place multiple orders at once or split them up into more frequent orders.When writing custom code for Strategy Wizard, you need to remember that every pa rt of your business goal is being measured. You want to design a system that will give you the information you need while having it be easy to use.

Where Can I Find Free Custom Essay Samples?

Where Can I Find Free Custom Essay Samples?There are many different sources of free custom essay samples on the internet. While most of them are good enough to get you started, not all of them are actually applicable to your career, personal situation, or needs. What's more, there are many free websites that will just give you samples and send you to the paid websites that ask for a fee.It can be confusing, but it's often good to be thorough in your research. You need to make sure that you're getting all the info you need about the companies you're considering working with. You want to know if they're really reputable or not, and how they are able to offer you the samples that they do.The best way to find these free online sources is to go through the big search engines and type in your question, 'where can I find free online essay samples?' Just keep in mind the words 'free'essay samples' in their titles. Keep an eye out for phrases like 'personal brand,' 'publication samples,' 'sch olarly writing,' 'paid search site,' 'research tools,' 'associate writers,' 'journal articles,' and others. These words will show up time again on the search results pages, and there's no way to be certain that you're not missing some information.You also want to know if the site you're reading is affiliated with any universities or colleges. You don't want to pay for a custom essay sample, only to have the employer pull their essay samples from their own website. They may have some, but they may also have many which are free.The final part of your search should be looking for a site that specializes in teaching a specific type of writing and resources specific to your field. For example, if you're a software writer, you might be interested in a site that offers writing software, specifically.If you are finding that you can't find a website that gives you all the answers you need, check your local library and look through their stacks for free custom essay samples. Even though they might only give you a couple or sometimes none at all, they can help you narrow down your search considerably.By making this small bit of extra effort, you'll find tons of free essay samples that will really help you in the long run. So if you're struggling to find the information you need, start looking around.

Othello Essays (953 words) - Othello, Iago, Michael Cassio, Roderigo

Othello Othello - A Racist Play? Although there are lots of things to suggest this is a racist play I don't think that racism actually dominates the play, even though it has a racist theme. There is a romantic union between black and white which gets destroyed because most people think the relationship is wrong. At the time the play was written, 1604, even the Queen of England was racist so there must have been a strong hatred of blacks around that time. Most racist comments in the play are said by people that are angry or upset. For example, when Emilia found out that Othello had killed Desdemona she was extremely mad and she called Othello a Blacker devil, this was the only time in the play that she had said anything racist about Othello. The main characters that have racist attitudes are Iago, Brabantio, Roderigo and Emilia, with the hatred of Othello as the basis for their racist actions and comments towards him. Iago is the most racist character in the book as he has it in for Othello right from the start. What sparks off Iago's hate towards him is the fact that when Othello chose his lieutenant , it was Cassio who was chosen instead of Iago. What made Iago angry was the fact that Cassio had no experience in war when he did and Cassio was chosen instead of him. Iago does not say anything racist to Othello's face but he has a lot to say against him behind his back. He schemes to destroy Othello and anything in his way including Cassio and Desdemona. The first time we hear one of his racist comments is when he's talking to Brabantio about Othello and Desdemona, Even now, very now, an old black ram is tupping your white ewe. Iago says this to try and turn Brabantio against Othello. Iago uses racist comments all the way through the play, as he tries to turn people against Othello, for example calling him a Barbary Horse. He never says anything racist to Othello's face because in his plot he had to be his best friend, so as not to make him suspicious that Iago was causing all the trouble for him. Iago is jealous of Othello for many reasons, one being that Othello has higher ranking in the army than him, and also he has a good marriage with Desdemona which Iago does not have himself with Emilia. These are the main causes of his hatred for Othello and the reason he adopts such a racist attitude. Roderigo is another one of the racist characters in the play, being so right from the start. He is Iago's accomplice and will do anything that Iago wants him to. I think he does this because of the way Iago can twist a situation to make it sound as if Roderigo would get something good from it but in the end he doesn't. One of the racist names he calls Othello behind his back is Thick-lips . He hates Othello because he's jealous of him as he also loves Desdemona but cannot have her. I don't think he views Othello in a very bad, racist way but uses the racism against Othello because he's jealous of him. Neither Roderigo or Iago would say anything racist to Othello's face as he is the general of the army. Brabantio is also a racist character, and is enraged when he finds out that his daughter, Desdemona, has been seeing the moor behind his back. Brabantio is so mad he sends out his guards to catch Othello and put him in prison. Brabantio views Othello as a foul and dirty no good black, I think this racist view of his is because he's angry when he finds out that his daughter has been seeing this moor. Unlike Iago and Roderigo, Brabantio will openly make racist comments about Othello to his face such as, lascivious moor, Wheeling stranger. Brabantio can do this because he is the Senator of Venice and is higher in rank than Othello. The other character who is racist towards Othello is Emilia, the lady in waiting to Desdemona. Emilia is disgusted with Othello when she finds out that Othello had killed Desdemona this is the

Improve Business Writing Skills with the Right Measurements

Improve Business Writing Skills with the Right Measurements Improving Business Writing Skills Requires Attention to Both SubstanceandSyntax Of the many challenges a business faces when it comes to improving the business writing skills of its employees, the biggest challenge is selecting a yardstick for comparison. Since writing is a subjective skill, deciding the appropriate standard to differentiate â€Å"good† business writing from â€Å"bad† business writing is difficult. Similarly, â€Å"good business writing† appears to be a fuzzy concept thatis difficult to measure. How then,can one define and measure good business writing skills? What should be measured and what tools can help? Improving Business Writing Skills Requires Attention to Both SubstanceandSyntax Luckily, there are two important criteria to determine the effectiveness of business writing: Substance Syntax Substance refers to the content of the document. Substance includes the information contained – the facts, the findings, the requests. It’s the â€Å"meat† of the document. Syntax, on the other hand, refers to the language of the document. This includes the words, sentences, and tenses used. Syntax carries the presentation of the documentand its readability. Syntax will shape the tone of the document. In essence, syntaxcarriesthe substance. Together, substanceand syntaxare two ways to judge a business document and decide whether it is good or bad. The substance of a document is more important than the syntax. If the basic idea and information for a specificaudience for a report are unclear, for example, the report won't carry the right information the reader needs, regardless of how grammatically correct it is. If you don’t get the substance right, syntax alone cannot fix content errors or omissions. As my grandmother used to say, â€Å"You’re just putting lipstick on a pig.† Nonetheless, syntax is also important. Honing good substance in business documents should always be a primary focus in business writing training, but syntax (the language and grammar) carries the meaning. Poor syntax is very unprofessional. With the advent of new tools and technologies, measuring and improving syntax has become easier than before. Here are the two ways syntax in business writing can be measured: 1) MeasureSyntax withMicrosoft's Readability Index Most writing software (including the very popularMicrosoft Word) offers areadability tool to measure syntax. It will measureactive voice and passive voice and the simplicity orcomplexity of sentence structure throughout the business document. This tool is also useful in assessing clarity. If passive voice is high and sentence structures are complex, it's a clear indication that clarity is lacking. Readability tools provide reporting on the words per sentence used, the percentage of passive sentences, and assign a readability score and grade to the overall document. When combined with the overall document content, this score helps you determine whether the appropriate message has been communicated in the document or not. As a rule of thumb, remember these three tips: The lower the passive voice used, the better the readability score. Flesh Reading Ease score should be just above standard for a well-written business document. Flesh-Kincaid grade level tends to vary with the complexity of the document, but lower is always better in business writing. We want to express, not impress. 2) Assess Grammar withGrammar Check Another easy-to-use tool to both measure and improve syntax is to check the grammar in the document. Thanks to Microsoft Word’s grammar check, some of the proofreading requirements have been reduced. It'sineffective and boring to teach your staff how to avoid spelling mistakes when as a single red or green dotted line on the Word file highlights potential errors. Spellcheck is far from infallible, but it will flag typos. Tip: watch for grammar error patterns in your own writing, or your employee’s writing. This will diagnose individual grammar errors, allowing you to focus on improving the issues that truly need attention. Remember to focus first on substance in business writing training. Once the substance is verified, then use syntax rating tools, such as Microsoft’s Readability Index and simple grammar check to verify syntax. To learn more on how to improve business writing skills for yourself and your employees, download the guideâ€Å"Four Steps to improve your Team’s Business Writing Skills† today!