Auditing,(True and Fair view and Independence) Essay

Auditing,(True and Fair view and Independence) - Essay Example However, Dean and Clarke (2007) have declared the truth, fairness and independence to be near impossibility due to â€Å"Faulty foundations of accounting†. An auditor’s selected procedures to conduct audit depends upon the auditor’s judgment including the assessment of risks of material misstatement. In making those risk assessments the auditor considers internal controls relevant to the entity’s preparation of financial statements that give a true and fair view of the accounts, he also evaluates the appropriateness of the accounting policies and procedures. Hence, an experienced auditor can even give opinion on the â€Å"faulty foundations of accounting† (Dean and Clarke, 2007) through careful selection of procedures of audit. The objective of accounting remains to present, statements not for accounting only, but also to satisfy the auditor’s judgment which stretches beyond the books, since accounting leads to accountability only when audito r goes through it. What constitutes â€Å"true and fair† by the auditor is being widely discussed criticized, and explored equally by the governments and the corporate sector. Auditors can never be sure that their opinion presents true and fair view of the financial statements( Christopher J. ... on (2010) have taken pure philosophical aspect of TFV and discussed the â€Å"ethical discretion† that gives him â€Å"dramatic ethical role† able to either build or completely ruin the â€Å"trust† of the company under audit. Their conclusion again leads into interlinking the pure morality to be guide through some laid down principles and procedures of accounting. To give â€Å"moral weight†, an auditor has to† show the desirable results† (Campbell and Houghton, 2010), desirable for the stakeholders in general, though the stakeholders may vary from the employees of the company to the shareholders. Thus, claiming the entire morality for TFV in auditing revolves around setting standards and developing systems to ensure TFV. The role of TFV in auditing thus becomes pivotal and the objective of the TFV should be to give an opinion about the assertion of the management, for the shareholders, the strength of the financial position, its standing in t he market so as to lure potential buyers to invest on â€Å"economically informed basis† (Campbell & Houghton, 2001). â€Å"The Immediate role of audit independence is to serve the audit† the prime objective of audit independence is to â€Å"improve the cost effectiveness of capital market† (Jacobson, Peter D, 1998). Independence is â€Å"fundamental to the reliability of auditor’s report† (Ramsay, 2001). An â€Å"objective and disinterested† (Ramsay,2001) assessment of the financial assertion is said to be the foundation of the independence of the auditors, for effective corporate governance, the cost effectiveness of a business, for investor’s confidence, and particularly in wake of recent corporate failures. There are some key ways an auditor can make sure that they are perceived to be independent. Ramsay identifies these as

Caribbean Essay Example | Topics and Well Written Essays - 1000 words

Caribbean - Essay Example Much like the Caribbean people who struggle with their national identities after enduring European brutality, West Indian poets found it difficult to find their own poetic voice (Breiner, 113). Instead of producing works that reflected their true feelings, West Indian poets found their poetry succumbing to the traditional British verse and subject matters. It was not until later that West Indian poets were permitted to liberally express themselves in the poetic form. When they ventured to write parallel to their true feelings and beliefs, West Indian poets often did so apologetically. Poets were left to question their poetic boundaries. Likely questions of the poets were whether or not they should engage in "social commentary, protests," or seek to find a balance between "protest poetry and high art" (Jennings 23). As a result, much of the West Indian poetry, including Eric Roach's, conveyed uncertainty and confusion. Known for Caribbean pastoral imagery in his writing (Jennings 4), Roach paints vivid pictures that show beauty of the land. In each stanza of the poem, the poet conveys his adoration of the land. The poem opens with sensual imagery which allows the reader to picture lush green vegetation and hear waves breaking amid the expansive blue waters. Roach further enjoys what the land has to offer by accompanying others on a jubilant banana boat tour. Roach's imaginative perception of the landscape serves a dual purpose; it captures the essence of Caribbean beauty and showcases the delight that the author takes in his land. Amid the beauty in each stanza, however, resides negativity and inner turmoil. Roach reveals that the internal conflict interrupts his ability to fully appreciate his surroundings. In the first stanza, the beauty and brilliance of the landscape intrudes upon his desires. Though pleasing to the eye, Roach's surroundings hold his dreams and aspirations hostage. From there, the poem digresses into an explanation of the role of restriction and how it ultimately tainted his view of the land. With songs in his heart, Roach once again optimistically attempts to enjoy what the land has to offer in the following stanza. However, the enjoyable excursion is short-lived as the sun turns to snow and they encounter "hostile and exploding zones." Thus, inner turmoil and confusion taints the joys and hopes presented in the poem. Each stanza of the poem conveys an absolute contrast between the land and the Roach's state of mind. In the beginning of the poem, the distant beautiful and crashing waves are empty, yet they engulf all of his dreams. It seems that the water represents a destructive force. Roach comments on the burial of his friend and his sister's beauty being tainted. Obviously, the vicious experiences take a toll on the people of the land. In spite of it all, however, the people remain steadfast in their desire to survive. Once again, hope is presented in the people's perseverance to regenerate their confidence. Moreover, the people's perseverance encourages Roach to proclaim that love (the pride in their heritage and nation) defeats the oppressive struggle. In the end, the Roach finally admits the struggle in coming to terms with the tainted precedence before him and the will to purify it