Tuesday, May 26, 2020
Techniques for Argumentative Essay Topics Blue Collar Vs White Collar That Only the Pros Know
Techniques for Argumentative Essay Topics Blue Collar Vs White Collar That Only the Pros Know These are the types of things you'll be exploring when you compose a parenting argumentative essay. As we begin to think about that idea, here are some suggestions to get you started on your own essay. That which we're searching for in an argumentative essay topic is something that may expand people's minds and permit them to have a look at a topic in a new light. Argumentative essay topics are so important since they are debatableand it's critical to at all times be critically contemplating the world around us. There are several people needed in the world to do a few jobs that which most individuals would not do. Complex sites can be produced this way, and a person doing only building websites is very likely to go broke unless they chance to be exceptional designers. There is an increasing problem with Third World women and how they're used. Communities such as these are referring to a new sort of financial revolution, a huge shift in the economy. Serious small business decisions will rely on humans for quite a while yet. You must make your choices. It's just so nice once you find good people which take pride the service they supply! So, make certain to take off the blinders and provide the situation an honest look prior to making any decisions. Definitions of Argumentative Essay Topics Blue Collar Vs White Collar Essays might be lightly modified for readability or to defend the anonymity of contributors, but we don't edit essay examples ahead of publication. Reading example essays works precisely the same way! Making is frequently the ideal bridge you'll find. Problems wouldn't stay problems in the event that you might easily solve them. Argumentative Essay Topics Blue Collar Vs White Collar White collar jobs need high educational qualification, mental sharpness, superior wisdom and expertise in a specific area. White collar crime remains very hard to detect. Generally, white collar crimes are committed by busines s people that are in a position to access considerable amounts of money, though the expression may be applied to others who pilfer monies in different conditions. The expression white collar crime covers a wide selection of crimes, but all of them involve crimes committed through deceit with the intention of gaining money or other assets. By way of example, in the USA there's a ban on using the info received for industrial purposes. The historical foundation for both terms might not have changed radically from their origins. No appropriate respect is supplied to the people who form the very foundation of society. Employing electronic payment rather than using check is a great process to cut back white collar crime. Or it may be more pessimistic, on the grounds that the surplus productivity machines will generate will earn a significant area of the workforce redundant and not needed. In Connecticut, for instance, you will need a yearly income of $659,979 to be in the 1 percent. They're also not as expensive to deploy than humans who want offices and wellness benefits. When it may make for good headlines, the fact remains, what will actually happen can't truly be predicted in any way. The barrier to entry for the majority of companies drops dramatically in that scenario, as you will need a lot smaller capital investment to supply a good or support. Earnings within this sector are safeguarded from taxation by unsaid rules. As everyone probably knows, we frequently criticize local officials who don't implement and don't understand today's changes and reforms. Economists, specifically, disagree with this outcome. So keep looking until you discover it. One, corporate writing jobs need an English level. The blue collar worker may not make a salary in any way, he may be working for hourly wages, or he can get paid for each and every product produced or assembled. Reasonable prices and terrific support. Much like physical wellness, creativity demands constant exercising. Blue-collar work is often paid hourly wage-labor, even though some professionals might be covered by the undertaking or salaried. Secondly, a few of the skills that workers have today isn't going to be useful following this revolution', which may indeed cause short-term unemployment. Whenever you get standardization, you lower the demand for programmers and decrease the complexity of that code.
Friday, May 15, 2020
Henry Ford Influential Entrepreneur Project - 1053 Words
Rishi Verma H-Economics Carver Notable Entrepreneur Project Henry Ford The name ââ¬Å"Henry Fordâ⬠is familiar to almost everyone in the country. Certainly those who drive regularly will have seen, if not owned, at least one Ford Automobile. Thereââ¬â¢s a simple reason for that. Henry Ford was a visionary. Innovative and efficient, he became the model for a competitive business enterprise in his revolution of the automobile industry. Through his implementation of an assembly line and the concept of mass production, Ford changed the very face of how companies manufactured and distributed goods throughout the world. Although Ford was born on a small farm, by age 16 he had developed a dislike of the practice. His first attempt at joining the auto industry came when he formed the Detroit Automobile Company. The initial goal of this company was to produce 2 cars per day by assembling the frame and chassis on top of a workbench. However, the labor-intensive nature of the work, as well as the extremely precise tolerance under which individu al parts had to fall caused the prices of each car to go up to $1000. Like most automobile startups, the Detroit Automobile Company failed within two years of its creation in 1899. However, Ford learned from his mistakes and kept pursuing the internal combustion engine as his dream for industry. In 1903, Ford secured new partners and shareholders to start the Ford Motor Co. With the goal to produce a light, strong car that could be sold at aShow MoreRelatedInfluential Entrepreneurs That Helped Shape The World Of Today1196 Words à |à 5 Pages There are many influential entrepreneurs that helped shape the world of today. I say, one that stands out is Henry Ford. He was one of the few men to make mainstream automobiles a reality. The automobile industry has surely come a long way since it once started. Nowadays, seems like people cannot travel without transportation. Thanks to the innovation of automobiles and Henry Ford, we have advanced in the world. When we look outside, we see the many types of cars driven, and one car company thatRead MoreCollege Is Not For Everyone2051 Words à |à 9 Pagesengineers, receptionists, ironworkers, jewelers, and more which people became successful in their lives. Here are some of the people who became rich via hard work, talent and skills, and experience: â⬠¢ Mary Kay Ash is one of the most successful female entrepreneurs that ever spun a tube of lipstick that became the founder of multi-million dollar company of cosmetic business. â⬠¢ Michael Dell, the CEO of Dell computer who dropped out college at the age of nineteen and began his computer company that estimatedRead MoreEssay about Recognizing and Shaping Opportunities19389 Words à |à 78 Pages....................................................................................................... 5 2.1 The Path to Entrepreneurship: A Tale of Three Ventures ................................ 5 Leo Fernandez: From Corporate Executive to Entrepreneur ......................... 5 Robin Chase and Antje Danielson: From Playground Conversation to High-Growth Business ............................................................................................ 6 Evan Williams: From Farm Boy to SocialRead MoreManagement Theory14588 Words à |à 59 Pagestime and effort; and workers could produce only a few cars in a day. To reduce costs and sell more cars, managers of early car companies needed better techniques to increase efï ¬ ciency. Henry Ford revolutionized the car industry. In 1913, Ford opened the Highland Park car plant in Detroit to produce the Model T. Ford and his team of manufacturing managers pioneered the development of mass-production manufacturing, a system that made the small-batch system almost obsolete overnight. In mass productionRead MoreSteve Jobs: A Leader Who Defied the Rule Book6762 Words à |à 28 Pagescomputer, music and publishing industries in his lifetime, Steve Jobsââ¬â¢ death has pointed out that he may have transformed just one more ââ¬â the leadership industry. Hereââ¬â¢s one way of looking at the scope of his achievement: It is the dream of any entrepreneur to effect change in an industry. We ll, Jobs transformed half a dozen of them forever, from personal computers to phones, animation, music, publishing and video games. He was a great negotiator, a skilled motivator, a decisive judge, a farsightedRead MoreAmerican Civil Rights Movement Essay15820 Words à |à 64 Pagescondemnation of slavery. The signing of the Constitution- 17th September, 1787. New York and Virginia had to approve the constitution. two groups. Federalists (led by Hamilton and Madison) - strong national government. Anti federalists (Patrick Henry). As a result a compromise was achieved. Madison gave the freedom of speech and other legal rights in exchange of Virginia and New York to ratify the Constitution. Condition: Madison would start working on the Bill of Rights after the new governmentRead MoreStrategy Safari by Mintzberg71628 Words à |à 287 PagesSTRATEGY SAFARI A GUIDED TOURTHROUGH THE WILDS OF STRATEGIC MANAGEMENT HENRY MINTZBERG BRUCE AHLSTRAND JOSEPH LAMPEL T H E FREE PRESS NEW YORK aJaiz. u.frmiu/i à «...* ââ¬Å¾.;iâ⬠¢Ã¢â¬ ¢/ . â⬠¢ . . â⬠¢.à »Ã¢â¬ ¢.. . .. â⬠¢..â⬠¢Ã¢â¬ ¢Ã¢â¬ ¢.-.â⬠¢Ã¢â¬ ¢a/itiktSii^i THE FREE PRESS A Division of Simon Schuster Inc. 1230 Avenue of the Americas New York, NY 10020 Copyright à © 1998 by Henry Mintzberg, Ltd., Bruce Ahlstrand, and Joseph Lampel All rights reserved, including the right of reproduction in whole or in part in any form. THERead MoreTheoretical Framework on- Non Governmental Organisations and International Non Governmental Organisations (Support Base, Funding Pattern and Relation with State)9266 Words à |à 38 Pages The Wilsonian traditions (named after President Woodrow Wilson of USA) have a practical, operational bent, and practitioners have crossed back and forth into governmental positions. Whereas Dunantists Organisations (named after Red Cross founder Henry Dunant) seek to position themselves outside of State Interests. WILSONIAN -More dependent on and cooperative with governments -Short time horizon -Service delivery emphasis DUNANTIST -More independent and oppositional towardsRead MoreInnovators Dna84615 Words à |à 339 Pagesmove progressively from idea to impact. By identifying behaviors of the worldââ¬â¢s best innovatorsââ¬âfrom leaders at Amazon and Apple to those at Google, Skype, and Virgin Groupââ¬âthe authors outline ve discovery skills that distinguish innovative entrepreneurs and executives from ordinary managers: Associating, Questioning, Observing, Networking, and Experimenting. Once you master these competencies (the authors provide a self assessment for rating your own innovatorââ¬â¢s DNA), the authors explainRead MoreMarketing Mistakes and Successes175322 Words à |à 702 Pagesdecades. I hope you will find this new edition a worthy successor to earlier editions. I think this may even be my best book. The new Google and Starbucks cases should arouse keen student interest, and may even inspire another generation of entrepreneurs. A fair number of the older cases have faced significant changes in the last few years, for better or for worse, and these we have captured to add to learning insights. After so many years of investigating mistakes, and more recently successes
Wednesday, May 6, 2020
Case Analysis Schenck V. United States - 852 Words
Shivani Patel Case Brief Schenck V. United States 1. Case Title: The title of the case is Schenck V. United States; it took place in 1919. The plaintiff is the United States and the defendant is Charles Schenck. 2. The law: This case involves the Espionage Act and the first amendment. United States convicted Schenck on the basis of violating the Espionage Act, specifically Section 3, which states when the United States is at war, people can not willingly cause or attempt to cause disloyalty and refusal of duty in the military or naval forces of the United States. On the defendant side, Schenck argued that his First Amendment right, specifically the freedom of speech provision, was being violated. 3. The Facts of the Case: The Espionage Act was passed in 1917 as a result of the United States involvement in World War I. In the name of national security, the American government passed different statutes that restricted provisions of the First Amendment. During this time Congress also passed the War Revenue Act, which increased income taxes to help fund the war. The Selective Service Act of 1917 also made it mandatory for men ages 21 to 30 (18 to 45 by 1918) to enlist in the war. In response to these laws and regulations, Schenck, a member of the Executive Committee of the Socialist Party, mailed leaflets to draftees urging resistance of the draft. Schenck, however did not actually get in the way of the military draft, although Justice Oliver Wendell Holmes claims that heShow MoreRelatedCivil Liberties During World War II1665 Words à |à 7 Pagesthe rights of the individual. While some may say that the no exception stance may put our national security at risk during war time, No exception is the only stance that is constitutionally acceptable as proven through the analysis of the different stances by examining related cases, text, and the constitution. There are five main positions on how the courts should view civil liberties during war time: success, no exception, maybe, dilemma, and living constitution. ââ¬Å"Successâ⬠is the ââ¬Å"whatever it takesRead MoreThe Debate Over The Legalization Of Abortions1172 Words à |à 5 PagesThis is not a fictional story, but instead an illustration of Hill v. Colorado, one of the many anti-abortion protest cases that would make itââ¬â¢s way to the Supreme Courtââ¬â¢s attention from 1990s to the early 2000. The legalization of abortions has long been a controversial subject since it was found to be constitutional in Roe v. Wade legalizing abortions on Jan 22, 1973. Several court cases including: McCullen v. Coakley and Hill v. Colorado to name a couple, have challenged the laws concerning protestingRead MoreThe Writ of Habeas Corpus and War on Terror in the United States2183 Words à |à 9 Pagescelebrated and venerated of the English law. The US constitution therefore carried this important aspect and thus federal courts were authorized to issue writs of habeas corpus in all cases where a person may be restrained of his or her liberty in violation of the constitution, or any treaty or law of the United States. Chemerinsky (1987) in a detailed study of the operation of the writ of Habeas Corpus says that there are four major considerations in the issue related to the writ. There is the needRead MoreEssay on free speech2862 Words à |à 12 Pagesalert one to the difficulties latent in such spare language. Insofar as there is likely to have been a consensus, it was no doubt the common law view as expressed by Blackstone. The liberty of the press is indeed essential to the nature of a free state; but this consists in laying no previous restraints upon publications, and not in freedom from censure for criminal matter when published. Every freeman has an undoubted right to lay what sentiments he pleases before the public; to forbid this, isRead MoreEssay abo ut History: World War I and Bold Experiments7600 Words à |à 31 Pagesquestions: 1. Why and how did American society industrialize during the late nineteenth century? 2. What were the causes and consequences of urbanization? 3. How did political change and progressive reform gain momentum after 1900? 4. How did the United States emerge as a world power by 1918? 5. What tensions between the old and new existed in the 1920s? The 1920 Census revealed that a majority of Americans (51 percent) lived in urban areas for the first time. Part 5 covers the accelerating trends thatRead MoreThe Uniform Code of Military Justice Limits Speech Rights of American Military Service2600 Words à |à 11 Pagesspecifically criticized articles. These are Article 134; Article 133, Conduct Unbecoming an Officer and a Gentleman; Article 92, Failure to Obey Order or Regulation; and Article 88, Contempt Toward Officials. [8] I. Free speech court cases that have resulting UCMJ Regulations. U.S. v. Howe â⬠¨In 1967, 2nd Lt. Henry H. Howe was convicted in a court martial for using contemptuous words towards the president and behavior inappropriate for an officer and a gentleman. This resulting from his participation duringRead MoreEssay on World War One1910 Words à |à 8 Pagesacts came with the sinking of several American ships in February and March 1917. At about the same time, newspapers published an intercepted telegram from German foreign minister Arthur Zimmermann, proposing a German-Mexican alliance against the United States. Mexicos reward would be the recovery of territory it had lost in Texas, New Mexico, and Arizona. Wilson, though reelected in November 1916 on the slogan He kept us out of war, asked Congress on April 2 for a declaration of war. Four days laterRead MoreAmerican School of Thought5349 Words à |à 22 Pagesand she lives more than three years and more , she use to harm ââ¬ËAââ¬â¢ then ââ¬ËAââ¬â¢ can divorce ââ¬ËBââ¬â¢ and we said it is law , but according to realist school it is not law but it is only law. It is the pre assumption of court decision about the fact based case with out consent of court; it is the source of law. All the aspect which influences the judge decision should be studied by the jurisprudence. The decision mad e by judge is the result of influencing aspects and judge may be influence by the psychological
Tuesday, May 5, 2020
Planning Of Audit And Risk Analysis Pharma-Myassignmenthelp.Com
Question: Discuss About The Planning Of Audit And Risk Analysis Pharma? Answer: Introducation Accounting is the activity which records the transaction of businesses on daily basis and results are reported to the management of the company at the regular intervals. Auditing is an activity through which the books of accounts are checked and verified by the independent third parties appointed by the company and is known by the name of auditors of the company. Auditors are required to plan their audit first depending upon the nature of the business of the company and the size of the company. For the purpose of this report, Company Mayne Pharma Limited has been selected for the study. In this report, at first the understanding of the business of the client has been discussed and how they are performing their functions. In the second section, regulations and the rules that the pharmaceutical companies are required to comply with have been detailed. In the third section, annual report of the company for the financial year ending two thousand sixteen has been discussed in relation to the changes made in each item of the balance sheet and profit and loss account. After that the risk associated with the business identified and the going concern assumptions are verified. At the last the reference has been made to the concept of social responsibility as to how the company has been performing the same. With this the study has ended up with the conclusions. Understanding Of Clients Buisness The beginning of every audit starts with the understanding of the business of the company as to how the companys main business activities and how does it functions. As per the recent introduction of the auditing standard number 315 which states through the paragraph number eleven that the auditor shall have the understanding of the nature of business of the prospective client before proceeding to the conduct of an audit. In the given case following are the understandings that has been obtained from the Mayne Pharma group limited annual report (AASB, 2006). Business Operations The company is the public limited company and listed in the Australian Stock Exchange. The main focus on the companys business is for supplying or transporting the medicines or the drugs at the place where it is required. In other words, the main business of the company is to deliver the medicines from the place of the manufacture to the place where it will be consumed. The company delivers not only the branded medicines but also the non - branded or the generic medicines across the globe. The second major business activity is to provide the development of contract thereby manufacturing the drugs or the medicines for others. The company has the distributors across different parts of the World including Asia, Europe, North America and Australia. Therefore, the company is into the process of developing, manufacturing, marketing and distributing the products in United States of America. In case of the specialty brands, the company is engaged into the business of the marketing and distri buting only of the products in the United States of America. The company has the record of the last thirty years for the development of the innovative ideas and new technologies which had helped the patients to have the affordable medicines and also have developed the new oral drug delivery system. Thus, the company is engaged in developing, manufacturing, marketing and distribution of the medicines across the World (Singh, 2017 Ullah, 2014). Industry In Which It Operates The company is operating in the pharmaceutical sector. In this sector, all the companies which manufacture the drugs, medicines and thereby marketing and selling will be covered. Whenever any comparison is made, then for the purpose of the benchmarking the strong performer will be selected from the same industry and then comparison is made. The need for determining the industry is correct in the sense that the industry data will provide whether the functions as performed by the particular company is as per the industry current market conditions and the norms. In this way industry defining is very essential and the company is engaged in the pharmaceuticals sector. Regulations For Pharmaceutical Goods The pharmaceutical companies are managed by the department of health, Therapeutic Goods Administration of Australia. From time to time they are bringing the arrangements as to how the pharmaceutical goods are required to be controlled and managed. Following are the regulations as prescribed by the Australian Government for pharmaceutical goods: Labeling and Packing - The Therapeutic Goods Administration of Australia has defined the labeling and packaging guidelines as to how the pharmaceuticals shall be labeled and packed. The department has issued two orders for labeling and packing which is required to be fulfilled by the companies. One is for the prescription medicines issued under order number 91 and the other is for the non prescription medicines issued under order number 90. Some of the common rules and regulations includes like the labels should be clearly pasted in order to enhance the safety of the consumers, providing the dial dispense packing wherever required so as to enable the customer to identify the number of the dosages available in the pack, etc. Efficacy It means that the medicine of the drug that will be given to the patients will be effective for them rather than being an ineffective medicine. The companies have to mention while licensing the new product as to how the medicine will be effective and up to what percentage the same will be effective. It is because as per the common parlance no medicine will provide hundred percent results but the medicine should be like that which will in definite terms meets the criteria of the disease. Safety Norms The companies are required to satisfy the safety norms as defined by the Therapeutic Goods Administration of Australia. It states that the company shall produce the medicine which will be effective and that will not in any case carries the side effects or any other type of risks which can be harmful to the patients. The safety norms are tested clinically and then only approval for listing of the medicine for further manufacture and sale will be made available (DOI Australia, 2016; TGA, 2017). Advertising and Business Promotion The companies though in other countries are allowed to do the advertising and marketing of their medicines to health professionals and to the patients but in actual the Therapeutic Goods Administration of Australia has specified that the company shall not be allowed to do the advertising in the following cases: The advertisement so decided to be made is misleading Will create negative impact in the future in case the medicine works out as non effectives The advertising is totally unreliable where the company is making unnecessary claims like if by having this medicine the headache will be gone definitely with hundred percent otherwise the whole amount will be refunded. Wrong advertising will always lead to the material risks to the life of the public and therefore the company is required to follow all the rules and regulations as defined by the Therapeutic Goods Administration of Australia. Financial Statements Analysis The financial statement consists of the three statements. One is the statement of the balance sheet which helps in determining the financial position of the company as on that date. Second is the statement of the Profit and Loss which provides the financial performance that the company has gained over the years and lastly is the statement of cash flows which provides the detail of the cash inflows and cash outflows that the company has made during the year and helps in determining as to how much has been cash and cash equivalents increased or decreased during the year. In the following table, the changes in the major items of the financial statements of the company for the last two years have been mentioned. Balance Sheet Balance sheet is statement which shows how much the company owes from another person or how much the company owes to the particular liabilities (Company Official Website, 2017). BALANCE SHEET (In '000 dollars) S. No. Particulars 2016 2015 Increase / (Decrease) 1 Trade and Other Receivables 123716 64657 59059 2 Other Current Assets 887653 5333 882320 3 Trade and Other Payables 1020553 59980 960573 4 Interest bearing loans 76331 61756 14575 From the above table, the following has been inferred: Trade and other receivables have been considerably increased by $59059 thousands which represent approximately 95 percent of the value of the trade and other receivable for the year 2015. The other current assets have been increased by $882320 thousand which is basically increased by the recognition of contracts rights that has been arisen in relation to the transaction made with Teva Pharmaceuticals Limited. Reason for selecting the trade payables is that it has been considerably increased by $960573 thousand. The interest bearing loan has been increased by $14575 thousand and it depicts that the company has been using the banking facilities. Profit And Loss Profit and loss statement provided the details as how the company has performed over the last two years. PROFIT AND LOSS ACCOUNT (In '000 dollars) S. No. Particulars 2016 2015 Increase / (Decrease) 1 SALE OF GOODS 206629 96316 110313 2 RD Expense 8731 5588 3143 3 Marketing and Distribution 38029 17549 20480 4 Finance Expense 2494 5945 (3451) From the above table, the following has been inferred: At first the revenue has been selected. It is because it has been remarkably increased from 96316 in the year 2015 to 206629 in the year 2016. The company has expended more in the research and development head which means that the company might have undertaking the manufacturing or any other research process. The marketing and the distribution expense have been incurred at the rate of more than hundred percent increases as compared to the earlier year. The company has paid the finance expense with the high amount which shows that the companys liquidity position is strong. Cash Flows Cash flow statement provides the detail of the cash movement made under the three heads operating, financing and the investing activities and as to how the cash has been flowed. CASH FLOWS (In '000 dollars) S. No. Particulars 2016 2015 Increase / (Decrease) 1 Operating activities 53504 22420 31084 2 Investing Activities (83798) (95504) 11706 3 Financing Activities 17990 115109 (97119) From the above table, the following has been inferred: Higher cash flow from operating activities has been welcomed because of the fact that the higher cash flows is due to the high receipt of the value from the customers. Increase in investing activities has been mainly due to the fact that the intangible approximately twenty percent of the previous years have been purchased. Decrease in financing activities have been encountered because of the fact that the company has repaid approximately 70% of his term loan and other borrowings which are running in the balance sheet and obtained from the banks or any other financial institutions. From the above analysis, it is very well established that both the financial years have drastic change in the value of items reported in the balance sheet, profit and loss account and cash flows of the company. Identification Of Risks As pet the nature of the business of the company and the complexity of the case within which the company is working, the following has been estimated as risks which are associated with the revenue: Increase in the Revenue - One of the major risks that has been encountered by the company is the increase in the value of revenue. It has created the shocking news for the company in the market. On the one hand the companys revenue has been increased considerably over the last years and on the other hand the company has paid the maximum of the amount of the loan outstanding in the books of accounts. If this is the practice adopted by the company then there would have been the risk of utilizing the short term funds against the payment of the long term funds. As per the generally accepted accounting policies the company is not required to do so and in case it has been done then it shall be mentioned in the auditor report. Thus, if the same practice is followed then there will be the risk of liquidation in the future. Increase in the Expectation of the customer - In this current scenario, there is great pressure from the customers regarding the new products that will be launch and when it will get started to be available at the shops. The customers are ready to pay for their better health but the company does not have sufficient knowledge and worth and thus will bring down the reputation of the company. Poor Productivity As per the industry norms, the level of output of the Pharma companies is stable and stagnant. But the company have generated higher revenue which details that the there might be some chances of the manipulative practices and has thus increased the risk of having the material misstatements (AASB, 2013). Poor Management - In the current scenario, the nature of the work and the official climate which the company has belongs to that of the traditional one which has increased the chances of having the violation of the accounting principle which in turn will be regarded as the material misstatements (MSH, 2017). Thus, in this manner the risks have been identified. Going Concern Assumption As per the going concern assumption of the accounting principles, it has been mentioned that the financial statements of the company shall be prepared and presented on the basis of the going concern assumption. In other words it means the financial statements are prepared so as to give impression that the company will exists and work for future years. There will not be any case which leads to the closure of the operations of the company (Boyce, 2005). In the given case, the company has recalled some of its major brand products and removed them from sale. Although the company is having the major business of brand products but the company will not be affected as the companys main line of activity or the main line of business would not stopped rater it will keep going. If the major brand products have been discontinued then the company will still in the business of selling the products which are generic in nature and are not branded. Thus, in this way the going concern assumption will not be affected. Social Responsibility And Reporting Social responsibility plays the very important role in the success of ever organization whether it is big or small, whether it is effective or non effective. Social responsibility is defined as the responsibility of the company towards the society of the country within which the company is operating. The corporations Act, 2001 along with the accounting standards, has prescribed that the company is required to report the companys policies and procedures in the report to ensure that the company is not affecting the rights and the privileges of the society and also takes care of the society. The report which is prepared is known as the corporate social responsibility (Shaw, 2008). The company has issued the first sustainability reporting for the year ending 2016. Thus, in this the first report will be analysed. The report has been prepared in accordance with the Global Reporting Initiative standards. The report has contained the thirty eight clauses and each clause has been detailed. The report has contained the bifurcation of the stakeholder detailing the mechanism to be appointed for the engagement and the examples of the different key interest that the stakeholders have in the business of the company. For instance customers are the main stakeholders of the company. Their engagement with the business of the company has been entered through the visits at the office or separate meetings. Their key interest in the working of the company would be to have the good quality of product; the supply of the products shall be timely delivered to the customers of the company and also the pricing strategy adopted by the company. The bifurcation of other stakeholders has a lso been mentioned. In this manner the social responsibility statement have been prepared. As it is the first time of issuing the corporate social responsibility, the certificate of assurance may be obtained from the external parties. Conclusion An auditing plays the significant role in the success of every company. The auditing helps in verifying each and every function of the business of the company and reporting the discrepancies if any to the management of the company. In the report the analysis have been made of the financial statements of the company Mayne Pharma Limited and how each item of the financial statements of the company is important for the stakeholders of the company. Audit plan has been detailed with the clear understanding of the business of the company and has been ended up with the social responsibility of the company. Each item of the financial statements has been detailed and the interpretation thereon has been made. In order to conclude, each and every company shall represent the true and fair view of the state of affairs of the company and the financial performance of the company and along with that the auditor shall report any material misstatement to the management of the company and if requires shall be reported to stakeholders as the key audit matters specified in New Auditing standard 701. . References AASB, (2006), ASA 300 Planning and Audit of a Financial Report available athttps://www.auasb.gov.au/admin/file/content102/c3/ASA_300_28-04-06.pdf accessed on16/09/2017. AASB, (2013), ASA 315 Identifying and Assessing the Material Misstatements through understanding the entity and its Environment available at https://www.auasb.gov.au/admin/file/content102/c3/Nov13_Compiled_Auditing_Standard_ASA_315.pdfaccessed on 13/09/2017. Boyce J, (2015), PWC Pharma Industry Surveys Highlights available at https://medicinesaustralia.com.au/media-release/2015-pwc-pharma-industry-survey-highlights-challenges-for-innovative-medicines-sector/ accessed on 16/09/2017. Company Official Website, (2017), Annual Report available at https://www.maynepharma.com/about-us/about-mayne-pharma/ accessed on 17/09/2017. DOI Australia, (2016), Australian Industry Report 2016, available at https://industry.gov.au/Office-of-the-Chief-Economist/Publications/AustralianIndustryReport/assets/Australian-Industry-Report-2016.pdf accessed on 16/09/2017. MSH, (2017), Pharmaceutical Legislation and Regulation available at https://www.msh.org/sites/msh.org/files/mds3-ch06-legislation-mar2012.pdf accessed on 16/09/2017. Shaw B, (2008), Australian Pharmaceutical Industry at a Crossroad? available at https://medicinesaustralia.com.au/files/2009/12/Australian-Pharmaceutical-Industry-Report-2007.pdf accessed on 16/09/2017 Singh R, (2017), Financial Management in Pharmaceutical Industry, available at https://www.slideshare.net/dentobizz/drricha-project-cfm accessed on 16/09/2017. TGA, (2017), TGA Regulatory Framework available at https://www.tga.gov.au/tga-labelling-and-packaging-regulatory-framework accessed on 17/09/2017. Ullah A, (2014), Planning and Audit of Financial Statements available onhttps://leaccountant.com/2014/12/08/asa-300-summary-planning-an-audit-of-financial -statements/ accessed on 16/09/2
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