Gender Discrimination - a Statistical Analysis - 1179 Words

Gender Discrimination: A Statistical Analysis Gender discrimination, or sex discrimination, may be characterized as the unequal treatment of a person based solely on that person s sex. . It is apparent that gender discrimination is pervasive in the modern workplace, however, its presence and effects are often misrepresented and misunderstood. Statistical testing plays an important role in cases where the existence of discrimination is a disputed issue and has been used extensively to compare expected numbers of members of a protected group, to the actual number of members of that protected group that have been involved in a significant employment action. This paper will use statistical testing and analysis, including a multiple†¦show more content†¦In addition to t values, the R-Square and F values are additional ways to measure the overall predictive accuracy of a multiple regression model. R Squared is the proportion of variance in the dependent variable (salary), which can be predicted from the independent variable. F Values and their associated P Values (Sig) are used to determine whether the independent variables reliably predict the dependent variab le. For purposes of this analysis, we will assert that P Values great than 0.05 imply that the independent variable does not show a significant relationship to with the dependent variable, or that that the independent variable does not reliably predict the dependent variable. The initial regression model included all of the independent variables. This model produced the following descriptive statistics: R2 of 0.664, SE of 56.47, F of 15.422 and Sig of 0.00. This indicates that 66.4% of the variance in salary can be predicted from the independent variables. In that the P Value was less than 0.05, we can assume that the independent variables included in the model show a significant relationship with salary. With regard to each of the variables, both gender and age had P Values greater than 0.05 and t values greater than 2.021. These statistics necessitate additional regression models that control for and isolate theseShow MoreRelatedGender Discrimination1008 Words   |  5 Pages Gender-bias within the workplace has existed as long as both males and females have worked together, and even now, it is a prevalent issue in modern society. Discrimination classified as gender-bias is the unequal treatment or employment due to the gender of an individual. W hile U.S. Code Title 42, Chapter 21, 2000e-2 prohibits discrimination based on gender, religion, age, disability, race, and national origin (Cornell), illegal and unfair employment practices still affect many people. DespiteRead MoreCancer Survivors1298 Words   |  6 Pagesdifferences including the cost of treatment, organizational barriers, and lack of transportation. Age, insurance and perceived health also affected the probability that a cancer patient would seek treatment regardless of race. The authors use statistical evidence and authoritative evidence and knowledge of the subject to back their argument as well as logos to persuade the audience with reason and facts. The authors claim that understanding entitlements and benefits of the Affordable Care Act,Read MoreWomen During World War I1202 Words   |  5 Pagesgovernment and the law enforcement authorities have ensured gender equality through the ‘Equal pay act (1963)â€Å" and civil rights to protect minorities from discrimination. The statistical data outlining the growth of the women in the workplace in the United States indicates that 50% of the workforce in the US comprises of women. Even though the data might be correct in terms of the raw numbers, it is evident from an in-depth analysis that the distribution is not the same in all fields of workRead MoreGender And Education : Comparative Education937 Words   |  4 PagesCritical Memo 2 Gender and Education – Kara Janigan and Vandra Lea Masemann Gender and Education in Comparative Education In the field of comparative education, studies surrounding girl’s schooling in the developing world, specifically in sub-Saharan Africa, raises questions about the relevant of gender parity as a means to obtain educational equality. The number of out-of-school children consisted of disproportionately of girls in many countries in sub-Saharan Africa. Thus, comparativists oftenRead MoreHarrassment Is an Example of Discrinimation in Employment Essay example821 Words   |  4 PagesJob Discrimination by definition is the practice of using an individuals race, color, national origin, sex, or religion to make employment decisions related to hiring, firing, compensation, evaluations, promotions, and training. There is a lot of discrimination in employment and the example of discrimination that occur is Harassment. Harassment Sexual harassment is one of the most heard in the workplace and usually it occur when employees are subjected to unwanted and unwelcome treatment due toRead MoreGender And Education : Comparative Education953 Words   |  4 PagesGender and Education – Kara Janigan and Vandra Lea Masemann Gender and Education in Comparative Education In the field of comparative education, analysing the ways in which teaching and learning can be gendered is an important topic of discussion. Recent studies surrounding girl’s schooling in the developing world, specifically in sub-Saharan Africa, raise questions about the relevant of gender parity as a means to obtain educational equality. The number of out-of-school children consisted ofRead MoreThe Role Of Women During World War I1545 Words   |  7 Pagesnumber of women in the work force. However, this does not discount the fact that women are still subject to gender discrimination, lower salaries, and lack of respect in the professional industry. Improvements to the equality system have been made, but the problem is far from being fixed. Though the number of women joining the work force is increasing, the level equality between the two genders in the workplace seems to be far from perfect in many different ways. There are many different reasons asRead MoreSociological Th eories Of Prejudice And Racism1645 Words   |  7 Pagesexistence and extent of racial discrimination of a particular kind in a particular social or economic domain, it is necessary to have a theory (or concept or model) of how such discrimination might occur and what its effects might be. The theory or model, in turn, specifies the data that are needed to test the theory, appropriate methods for analyzing the data, and the assumptions that the data and analysis must satisfy in order to support a finding of discrimination. Without such a theory, analystsRead MoreGender Differences In Communication Are A Set Of Rules1298 Words   |  6 PagesGender differences in communication are a set of rules based off what society perceives as accurate for a male or female in situations. This literature review investigates gender differences in communication, particularly differences in conversational style, body politics and attractiveness, work and education, in relation to learning the roles of gender. Results of the literature review suggest that gender differences exist in various ways. Communication for females indicate women are indirect andRead MoreHow Law Enforcement Affects Minorities1392 Words   |  6 Pageschange in the justice system such as Jasmine Twitty 25 years old the youngest african american sworn in judge, racial discrimination still exist. By racial discrimination it does not mean a strict black vs white but the judgment of a criminal by his ethnicity or background. Racial discrimination can take place by both law enforcement and judicial authorities. Racial discrimination in sentencing today is kept a secret and frowned upon, usually it is covered up in connections to other evidence that

Database Comparison of SQL Server 2000, Access, MySQL,...

Introduction This paper will compare and contrast five different database management systems on six criteria. The database management systems (DBMS) that will be discussed are SQL Server 2000, Access, MySQL, DB2, and Oracle. The criteria that will be compared are the systems’ functionality, the requirements that must be met to run the DBMS, the expansion capabilities – if it is able to expand to handle more data over time, the types of companies that typically use each one, the normal usage of the DBMS, and the costs associated with implementing the DBMS. System functionality Microsoft Access is a database engine and development environment in one package. It is typically workstation-based, and designed to be easy to use, even for users†¦show more content†¦Expansion Capabilities nbsp;nbsp;nbsp;nbsp;nbsp;Access is considered to be a small DBMS, with a maximum database size of 1 GB; therefore, it has very limited expansion capabilities. MySQL does offer expansion, including clustering capability. MySQL also offers an enterprise-class DBMS through a joint venture with SAP. SQL Server, DB2, and Oracle, since they are all considered to be enterprise-class DBMS, are highly expandable, with maximum database size into the terabytes (TB). Truly, these databases are at a point where the limit is actually in the operating system, not the DBMS. Types of Companies nbsp;nbsp;nbsp;nbsp;nbsp;There are different markets for the different classes of DBMS. Access databases and applications will be used company-wide in very small companies. These databases can be found in different departments of larger companies, but would not be used at a company level. MySQL, according to their website http://www.mysql.com, has over 6 million installations, including companies like Yahoo and the Associated Press. I think MySQL would be a good fit for a mid-sized company that cannot afford the price of the higher-end DBMS, but need more functionality, security, and robustness than is offered by Access. Finally, the large DBMS systems like SQL Server, Oracle, and DB2 are typically only utilized in large companies, because of the investment required to install and maintain these databases. Database Use nbsp;nbsp;nbsp;nbsp;nbsp;Each ofShow MoreRelatedDatabase Comparison of Sql Server 2000, Access, Mysql, Db2, and Oracle1164 Words   |  5 PagesIntroduction This paper will compare and contrast five different database management systems on six criteria. The database management systems (DBMS) that will be discussed are SQL Server 2000, Access, MySQL, DB2, and Oracle. The criteria that will be compared are the systems functionality, the requirements that must be met to run the DBMS, the expansion capabilities Ââ€" if it is able to expand to handle more data over time, the types of companies that typically use each one, the normal usage ofRead MoreDbms Comparison2517 Words   |  11 PagesTOTAL NUMBER OF WORDS FOUND IN DOCUMENT = 1,891 DBMS Comparisons DBM502 Week 2 Individual Assignment Abstract This paper will discuss and make comparisons on the markets top Database Management Systems (DBMS) currently available. The paper includes a table for side-by-side comparisons of feature sets and other factors required when making decisions on which DBMS to purchase and implement in a business. While this may not be a complete list of all available DBMS systems it will includeRead MoreEssay about Will Linux replace Windows NT as the server OS of choice?3210 Words   |  13 PagesLinux VS NT / Will Linux replace Windows NT as the server OS of choice? Linux is ready, or at least poised, to take on Windows NT for market dominance of server operating systems, said T. W. Burger Owner, Thomas Wolfgang Burger Consulting June 2000. It is the competitive choice for the user wanting a cheap, versatile, scalable, and reliable server solution. This article examines how Linux is ready to meet or exceed all user requirements that NT provides and why Linux should be the preferredRead MorePharmacy Management6676 Words   |  27 PagesContents 1. INTRODUCTION Pharmacy Database Management System 2. PROJECT PLAN Feasibility study Operation Technical Cost/Benefit Analysis System Analysis System Requirement Data-Flow-Diagram Context DFD First Level DFD Second Level DFD System Design Coding details / Application System Testing 3. WHY? Visual Basic Microsoft Access CONCLUSION AND FUTURE SCOPE BIBLIOGRAPHY AND REFERENCES Chapter 1 INTRODUCTION Pharmacy Database Management System Introduction: TheRead MoreSurvey On Graph Databases : Graph Database3635 Words   |  15 PagesSurvey on graph databases XIAOTONG FU Informatics, University of Edinburgh Abstract. Graph databases, also called graph-oriented database, is a type of not only SQL (NoSQL) database based on graph theory that can store, map and query data relationships. Because this kind of database ensures its robust performance in processing graph-like data, it has been widely used in industry, for instance, Facebook and Twitter are using graph databases to store and analyze their user proles. This paper re- viewedRead MoreOnline Auction System8956 Words   |  36 Pagesthe construction of an auction website. The system has been designed to be highly-scalable and capable of supporting large numbers of bidders in an active auction. The online auction system lets you easily browse lots and place bids using a secure server. All cost of mailing lots will be paid by the buyer. The objective is to develop a user-friendly auctioning site where any kind of product can be auctioned and provide valueadded services to the bidders and the sellers. The products will be authenticatedRead MoreManaging Information Technology (7th Edition)239873 Words   |  960 PagesWeb Applications Database Management Systems CASE Tools 51 52 54 Communications Interface Software Utility Programs 54 54 The Changing Nature of Software 55 The Information Technology Industry 55 Review Questions 56 †¢ Discussion Questions 57 †¢ Bibliography 58 Chapter 3 Telecommunications and Networking The Need for Networking 61 Sharing of Technology Resources Sharing of Data 60 61 61 Distributed Data Processing and Client/Server Systems Enhanced Communications

I’m Going! a Comedy in One Act Free Essays

I’m Going! A Comedy in One Act Keshalla Mabry ENG 125 : Introduction to Literature Andrea Moak February 25, 2013 Literature can be expressive. It can be expressed in many different ways. Some use writing, some use pictures and print, or even dramatic and musical works of art. We will write a custom essay sample on I’m Going! a Comedy in One Act or any similar topic only for you Order Now In this essay I will be using the Reader-Response Approach to analyze a piece of literature. I have chosen the short play I’m Going! A Comedy in One Act, by dramatist Tristan Bernard. I will include why the literary work captured my interest, how it made me feel, and how it has formed or change my connection with literature. Firstly, let me describe the approach I will be taking towards this piece of literature. The Reader-Response approach I can’t just rely on feelings and opinions, I must read and make connections and respond on those connections. With that being said I will start with what captured my interest. While going through the first couple of lines in the dialogue I began to paint a picture of Henri and Jeanne. Henri came across to me as a stubborn old scrooge who wants things his way or no way. He is very persistent about the races and his wife not attending. As they continue to converse he brings up all the reasons why she shouldn’t accompany him to the races. He complains about having to get a special carriage if she goes, and how he would have to buy her a ladies ticket. Basically, he is trying to think of anything possible to keep his wife at home. He would rather be alone at the races so he can â€Å"have a good time†, because according the dialogue he can only accomplish this goal if he goes alone. The wife on the other hand tries to reason with him and let him know that she is willing to have a good time and she would rather be out with him than to be home alone and neglected. I for one can sympathize with Jeanne. She is a woman who has a regular Sunday routine and it goes on unchanged. I too have a Sunday routine that is consistent. She would like to get out of the house for once and attend the races with her husband, who feels as if she present it will spoil his goodtime. My fiance is the same way. Every other Friday he and his friends go out to the bar. Sometimes the friends bring a date and other times they don’t. Well, one Friday I decided I wanted to go with. He (my fiance) kept making excuses for me not to go. He would say, â€Å"Oh love, the boys and I are just going to have some beers†. Or he would let me know ahead of time they were just going to hang out and watch ESPN. He made sure that I knew there was no room for me in his boys’ night out. So I can definitely feel Jeanne’s pain. A little farther in the conversation Henri tells Jeanne that he is off to the races, as he does she says that she will be alone and neglected. He insists that the weather was too bad for her to attend and that she should stay home. After some debate about changing clothes and some sulking from both parties Jeanne eventually decided that she will allow her husband to leave and amuse himself with the races because she wants to go visit with a friend of hers. Once Henri hears this and at first all he can think about is the fact that he can go to the races alone. Once he sees that Jeanne is content and easy going about him leaving he begins to have second thoughts about going. He sees that Jeanne is not acting mad or sad and he thinks that something must be fishy and he asks to see the telegram that she is sending to her friend. This seems to me as if Henri may have a trust issue with Jeanne. She shows him the telegram and he insists that this was a signal so that Jeanne could meet some other man. After reading this far, I came to the conclusion that Henri must have had some kind of infidelity and he was afraid that his wife was taking his decision to go to the races as an opportunity to get even so to speak. This is just insecurities and guilt catching up with him. He doesn’t want her at the races, he doesn’t want her visiting friends, he wants her at home alone and neglected. This way he knows where she is and can pop up on her at any time. Eventually Jeanne decided to stay at home while Henri attended the races. After reading this short play I began to wonder if this type of trickery goes on in other relationships. It seems to me that Henri has some trust issues, possibly from something he has done in the past and he is scared that it may catch up to him. But should the man or woman in the relationship be made to feel unhappy, sad, mad, alone, and neglected while the other party does as he or she pleases? Henri had no sympathy for his wife’s feelings or concerns. The only thing on his mind was him going to the races while she stayed at home alone and social deprived. Relationships take two people to give and take considerably and evenly, no one person should dictate the relationship or benefit more than the other. I have also run across other work of literature that shows the female as the subordinate to the husband or vice versa. I’m beginning to enjoy this course now more than ever, I can see the connections and feel where the characters and authors are coming from so to speak. With all the literary terms and works or literature that I’ve covered so far, they have me expressing my thoughts, feelings, and interpretations already and we are just scratching the surface. Bibliography Clugston, R. W. (2010). Journey into literature. San Diego, California: Bridgepoint Education, Inc Litlang Ltda. (2007). Types of literary criticism. Retrieved from http://www. textetc. com/criticism. html How to cite I’m Going! a Comedy in One Act, Papers I’m Going! a Comedy in One Act Free Essays I’m Going! A Comedy in One Act Keshalla Mabry ENG 125 : Introduction to Literature Andrea Moak February 25, 2013 Literature can be expressive. It can be expressed in many different ways. Some use writing, some use pictures and print, or even dramatic and musical works of art. We will write a custom essay sample on I’m Going! a Comedy in One Act or any similar topic only for you Order Now In this essay I will be using the Reader-Response Approach to analyze a piece of literature. I have chosen the short play I’m Going! A Comedy in One Act, by dramatist Tristan Bernard. I will include why the literary work captured my interest, how it made me feel, and how it has formed or change my connection with literature. Firstly, let me describe the approach I will be taking towards this piece of literature. The Reader-Response approach I can’t just rely on feelings and opinions, I must read and make connections and respond on those connections. With that being said I will start with what captured my interest. While going through the first couple of lines in the dialogue I began to paint a picture of Henri and Jeanne. Henri came across to me as a stubborn old scrooge who wants things his way or no way. He is very persistent about the races and his wife not attending. As they continue to converse he brings up all the reasons why she shouldn’t accompany him to the races. He complains about having to get a special carriage if she goes, and how he would have to buy her a ladies ticket. Basically, he is trying to think of anything possible to keep his wife at home. He would rather be alone at the races so he can â€Å"have a good time†, because according the dialogue he can only accomplish this goal if he goes alone. The wife on the other hand tries to reason with him and let him know that she is willing to have a good time and she would rather be out with him than to be home alone and neglected. I for one can sympathize with Jeanne. She is a woman who has a regular Sunday routine and it goes on unchanged. I too have a Sunday routine that is consistent. She would like to get out of the house for once and attend the races with her husband, who feels as if she present it will spoil his goodtime. My fiance is the same way. Every other Friday he and his friends go out to the bar. Sometimes the friends bring a date and other times they don’t. Well, one Friday I decided I wanted to go with. He (my fiance) kept making excuses for me not to go. He would say, â€Å"Oh love, the boys and I are just going to have some beers†. Or he would let me know ahead of time they were just going to hang out and watch ESPN. He made sure that I knew there was no room for me in his boys’ night out. So I can definitely feel Jeanne’s pain. A little farther in the conversation Henri tells Jeanne that he is off to the races, as he does she says that she will be alone and neglected. He insists that the weather was too bad for her to attend and that she should stay home. After some debate about changing clothes and some sulking from both parties Jeanne eventually decided that she will allow her husband to leave and amuse himself with the races because she wants to go visit with a friend of hers. Once Henri hears this and at first all he can think about is the fact that he can go to the races alone. Once he sees that Jeanne is content and easy going about him leaving he begins to have second thoughts about going. He sees that Jeanne is not acting mad or sad and he thinks that something must be fishy and he asks to see the telegram that she is sending to her friend. This seems to me as if Henri may have a trust issue with Jeanne. She shows him the telegram and he insists that this was a signal so that Jeanne could meet some other man. After reading this far, I came to the conclusion that Henri must have had some kind of infidelity and he was afraid that his wife was taking his decision to go to the races as an opportunity to get even so to speak. This is just insecurities and guilt catching up with him. He doesn’t want her at the races, he doesn’t want her visiting friends, he wants her at home alone and neglected. This way he knows where she is and can pop up on her at any time. Eventually Jeanne decided to stay at home while Henri attended the races. After reading this short play I began to wonder if this type of trickery goes on in other relationships. It seems to me that Henri has some trust issues, possibly from something he has done in the past and he is scared that it may catch up to him. But should the man or woman in the relationship be made to feel unhappy, sad, mad, alone, and neglected while the other party does as he or she pleases? Henri had no sympathy for his wife’s feelings or concerns. The only thing on his mind was him going to the races while she stayed at home alone and social deprived. Relationships take two people to give and take considerably and evenly, no one person should dictate the relationship or benefit more than the other. I have also run across other work of literature that shows the female as the subordinate to the husband or vice versa. I’m beginning to enjoy this course now more than ever, I can see the connections and feel where the characters and authors are coming from so to speak. With all the literary terms and works or literature that I’ve covered so far, they have me expressing my thoughts, feelings, and interpretations already and we are just scratching the surface. Bibliography Clugston, R. W. (2010). Journey into literature. San Diego, California: Bridgepoint Education, Inc Litlang Ltda. (2007). Types of literary criticism. Retrieved from http://www. textetc. com/criticism. html How to cite I’m Going! a Comedy in One Act, Essay examples

Auditing Waterco Limited

Question: Identify various audit risk prevailing in the business enterprise of Waterco Limited? Answer: Executive Summary The main purpose of the assignment is to identify various audit risk prevailing in the business enterprise. Waterco Limited is a public listed company in Australian Stock Exchange. Key findings of the particular assignment include audit risk assessment and planned materiality in an overall manner. In this study, audit risk model is explained with proper justification. It includes control, inherent as well as detection risk for the same. Product offerings of Waterco Limited include water treatment, spa and swimming pool. Introduction This particular study deals with company named Waterco Limited. This particular deals its business operations in steel and mining sector. This company has its listings in Australian Stock Exchange. In this study, key information on Waterco Limited is stated with proper justification. Nature and products offerings of Waterco Limited include water treatment, spa treatment, swimming pool and many more (Brigham and Daves 2012). Waterco Limited faces stiff competition from Middlesex Water Company and Ostara. They operate in the same sector and contributes large market share for the same. Audit plan will help the company for understanding various audit risk and make materiality plan for the misstated accounts in an overall manner. Key Information Our understanding of the client Nature of the business Waterco is an Australian-based public listed company. This particular company operates its business operations in manufacturing as well as distribution: Offerings of Waterco Pool and spa treatment Commercial water treatment equipment Pool and spa chemicals Domestic water filters Softeners Purifiers Industry Competition Waterco Limited Company faces stiff competition from the nearest competitors. Some of main competitors are as follows: Middlesex Water Company Ostara Cyber-Rain Avantech APT water Major customers and suppliers Waterco Limited Company believes in manufacturing as well as distributing wide range of products especially for the International swimming pool, water treatment as well as spa treatment. Franchisor of Waterco Limited Company includes Swimart, New Zealand and Australia. It has the largest distribution channels for pool of spa retail outlets for providing heating solution in the Australian Dealerships (Cammack 2014). This particular company deals and maintain network with the Watershoppes. This particular store sells extensive range of Waterco products that includes water filters as well as drinking water purifiers for the same. Waterco Limited Company has achieved success from the pioneering fibreglasses as well as various plastic moulding techniques. These techniques help in the final manufacturing process in an overall manner. This company believes in delivering high quality as well as innovative products at affordable value for 40 countries worldwide (Cummins 2015). Various products of Waterco Limited Company include water treatment equipment and range of swimming pool and chemicals for the same. Regulations Waterco Limited Company believes in indulging in appropriate corporate governance for ensuring creation, protection as well as protection of values of shareholders. It maintains as well as ensuring of Waterco management for enhancing highest level of corporate ethics (Guthrie and Pang 2012). It relates with Australian Securities Exchange Limited and corporate governance principles as well as recommendations. This company discloses the corporate governance principles and recommendations for laying the solid foundations in the management system in an overall manner. Industry risk and entity risks Waterco Limited Company faces various industry and entity risk that needs urgent attention by the management of the business enterprise. Management design ways in risk management internal control system for managing the business risk in an effective manner (Guthrie and Pang 2013). Audit Committee should engage in viewing at the effectiveness of the risk management system of the company. Identification of risk and reporting to the audit committee will help in immediate course of action. Risk management framework ensures meeting the operational requirements of Waterco Limited Company (He, He and Evans 2012). Our assessment of significant accounts Financial Highlights of Waterco Limited Particulars 2012 (in US Dollars ) 2013 (in US Dollars) 2014 (in US Dollars) Property, Plant and Equipment $ 64450702 $63822131 $65559078 Net Income $9315514 $8594519 $ 9315514 Trade Receivables $6928181 $ 7661576 $ 6461059 Trade Payables $150449086 $ 165364854 $ 160459831 Equity $ 136118380 $ 141498373 $ 144082664 Basic earnings Per share 0.64 0.58 0.43 Diluted earnings per share 0.64 0.58 0.41 Net Income Net Income was distributed among the shareholders in the year 2014. It helps in project development expenses for the proposed plan in Mexico. Waterco Limited needs to exceed in recurring legal expenses for conduction of negotiation for enhancing the retail license in the near future. It needs to check on the net impairment charge for recording of further investment and various earnings on investment in an overall manner. Retail segment of Waterco Limited needs proper attention and recording of further income from operations for the year 2013 and 2014. Trade Receivables Waterco Limited needs to keep check on the trade receivables for smooth functioning of business activities. Sundry debtors help in addressing the current assets and short-term obligations in an overall manner. It fails to address significant matters from the audit report of Waterco Limited Company. Trade Payables Waterco Limited should identify the significant accounts like account payables. It is necessary to reduce in the trade payables for smooth functioning of business organization. Trade payables increased considerably. Equity is the ownership capital of Waterco Limited. Prepayment and acquisition of equity shares will help the business for attaining future goals as well as objectives. It is identified that issuing unqualified audit report leads to misleading of information from the financial statements of Waterco Limited Company (Laing and Perrin 2014). Property, Plant and Equipment These fixed assets need acquisition by the Waterco Limited for smooth functioning of business activities. Waterco Limited deals its business operations in steel and mining industry. This company needs assistance from the auditors for identifying various risks pertaining in the business enterprise (Kober, Lee and Ng 2013). Some of the issues prevailing in Waterco Limited and inappropriate audit opinions that need urgent consideration. As far as inherent risk is concerned, it reveals the material misstated especially in the financial statements for the error omission and various factors governing failure to controls. It requires various lapse controls and separation from the related control risk in an overall manner (Lion 2012). Higher inherent risk implies high degree of judgement for estimating in the transactions of Waterco Limited Company. For Instance, Waterco Limited Company involves inherent risk in the significant trade as well as exposure for the various complex derivative instruments in an overall manner. The main objective of auditors is to compare between the operating terms and established manufacturing concern for sustainable competitive environment in an overall manner (Madura 2012). In case of control risk, Waterco Limited Company needs to evaluate the material misstated reports especially in the financial statements. It mainly arises because of absence as well as failure for the operational activity of an entity in an overall manner. Waterco Limited Company needs sufficient level of internal controls for preventing the detected instances like fraud and error for the same (Malone, Tarca and Wee 2015). High control risk affects the audit entity for proper adequate internal controls for detection of various errors in the financial statements in an overall manner. Control risk assessment helps in preventing segregation of duties prevailing in small sized entity in the most appropriate way (McKinney 2015). It ensures preparation of individuals and necessary technical knowledge for the concept on accounting as well as finance in an overall manner. Detection risk is one of the audit risks for detecting in the material misstatement especially in the financial statements. It is important to understand the fact that auditors should apply various audit procedures in detecting in the material misstatements for viewing at the errors as well as fraud in Waterco Limited Company (Michalski 2012). Reduction in the detection risk involves increasing in the number of available sampled transactions especially for detailed testing in an overall manner. Our planning materiality Financial Reporting Frameworks will discuss the concept on materiality and provides fair presentation for the financial statements. Calculation on materiality level 0.25% of total revenue Operating Revenue = $77.97 million*0.0025 = $ 194,928 Audit Fee= $170000 It is important to consider the fact audit fees are given to the auditor for the financial services. It includes preparation of audit report and maintains the authenticity of financial information of Waterco Limited Company (Stevenson 2012). From the annual report of Waterco Limited Company, It is revealed that various audit risk are identified and needs immediate attention by an external auditors. Auditors easily proceed with the aspect on inherent as well as control risks pertaining in the audit engagement. It helps in understanding the entity as well as environment of Waterco Limited Company. Detection risk helps in assessing the residual risk prevailing in Waterco Limited Company (Bebbington, Unerman and O'Dwyer 2014.). It is important to understand the fact that assessment of auditors needs urgent attention on inherent as well as control risk prevailing in the business enterprise. It is advisable for keeping low level of detection risk for achieving in the increased sample size in case of audit testing in an overall manner (Brown 2014). Auditors need to show engagement in the inherent and control risks for assessing higher level of risk deduction in the near future. From the above calculation, it is easy to assess the planning for materiality for misstatements. Discussion materiality concepts include: Misstatements mainly include omissions and the various economic decisions for undertaking the financial statements in an overall manner. Entire judgement of materiality concepts varies in the surrounding circumstances in affecting in the size of the misstated financial statements in an overall manner. Matters are purely based for the users of financial statements for considering the information especially on individual basis and make necessary recommendations for the same. Application of financial reporting framework provides reference to the auditors for determining in the audit materiality in an overall manner. Materiality relates with the professional judgement and affects perception of an auditor (Datar et al. 2014). Auditor required reasonable knowledge of business as well as economic activities. It implies willingness of an auditor for providing information in the financial statement. Auditors require understanding the financial statements for preparation for the audited levels of materiality in an overall manner (Deegan 2012). Audit Risk Model helps auditors for managing in the overall risk as well as various audit engagement for the same. Planning of material misstated performance requires establishment of audit strategy by the external auditors. Auditors should determine in the materiality concepts in the financial statements for execution of various transactions in an overall manner (DRURY 2013). Specific circumstances include account balances for the disclosure activities especially in the financial statement of Waterco Limited Company. It includes various economic decisions undertaken by the auditors in dealing the financial information of Waterco Limited Company. Addition to that, auditor needs to evaluate in the level of performance of materiality in assessment of risk and determination of various audit procedures for the same (Edwards 2013). The main objective of auditors is to revise in the audit statement from time to time. It includes revision of materiality aspect especially in the financial statements of Waterco Limited Company (Kaplan and Atkinson 2015). In order to conduct the audit report, various documentation are required by the auditor. This includes: Materiality for the financial statements of Waterco Limited Company Application of materiality for particular transactions that includes account balances as well as disclosures for the same Performance materiality Audit Progress Our assessment of what can go wrong Auditors of Waterco Limited Company fails to consider various audit procedures. Assessment of risk misstatement is necessary in the financial statement level in an overall manner. Assertion level needs proper consideration by all classes of transactions including account balances and the related procedures for the same (Scott 2014). In order to mitigate the risk prevailing in Waterco Limited Company, it is necessary for the auditors for identification of risk in the near future (Brigham and Daves 2012). Auditors need to obtain brief understanding of the entity as well as environment for enhancing in the internal controls. It mainly includes various account balances as well as various disclosures in the financial statements in an overall manner (Moyer, McGuigan and Rao 2014). This is in the form of trade receivables and trade payables. There is a significant amount of differences in the given amount. Assertion level risk went wrong while main implication on operational activities of Waterco Limited Company (Brigham and Ehrhardt 2013). It relates with potential misstatements in relation with the sense of magnitude in the financial statements in an overall manner. Risks that requires Special Audit Consideration for Waterco Limited Company Auditors should identify the risk and determine in the judgement of an auditors in responding with the significant risk in an overall manner. Auditors needs to differentiate between risk and fraud activities prevailing in the business activities It is required to ascertain risk associated with accounting, economic as well as other developmental activities enquiring special attention by an auditors Auditors needs to evaluate with the complexity in the level of transactions It is essential to ascertain enhancing various transactions with the relevant parties in an overall manner. As far as degree of subjectivity is concerned, it is essential for measuring in the financial information in respect with risk association (. It helps in measuring the uncertainty prevailing in the business enterprise in an overall manner. Auditors need to evaluate the audit evidence in response with the substantive procedures prevailing in the business enterprise in an overall manner (Cammack 2014). It should permit automated processing for manual intervention and understand the perspective of management of Waterco Limited Company. In preparing an audit report on the financial statements, it is required to understand the overall objectives of Waterco Limited Company (Michalski 2012). It includes reasonable assurance especially in the financial statements and acts free from the material misstatements in an overall manner. Auditors need to express appropriate opinion and prepare financial reporting framework (Cummins 2015). This will help in communicating the required GAAD and the findings by the auditors in the near future. Audit risk is one of the functions in the material misstatement as well as detection of overall risk prevailing in Waterco Limited (McKinney 2015). Analytical procedures help in ascertaining in the risk assessment for the material misstated statements. It relates in designing in the assessed risks and including the financial as well as non-financial information of Waterco Limited Company (Guthrie and Pang 2012). It mainly builds cordial relationship between sales as well as selling space in respect to volume of goods sold in an overall manner. It includes identification of unusual transactions and indicating in the audit implications in an overall manner. Unexpected relationships assist an auditor for identification of risks and material misstatements in an overall manner (Guthrie and Pang 2013). Observation as well as Inspection mainly support the inquiries of management activities and provide information on financial position of Waterco Limited Company. It involves operations f an entity as well as business plans and strategies in an overall manner (Huang and Vlady 2012). Preparation of reports by the management involves meetings with the Board of Directors in the most appropriate way. Auditors identify information from the prior periods in the final decision-making process. It enhances in the previous experience and various audit procedures. It involves past misstatements and correction on timely manner (Laing and Perrin 2014). Nature of the entity involves various internal control measures and deficiencies prevailing in Waterco Limited Company. It is necessary to conduct discussion among the engagement team for viewing at the financial statements of Waterco Limited Company. It mainly provides an opportunity for experienced engagement team members (Lasher, 2013). It engages in engagement partner and various insights on knowledge on equity in an overall manner. It helps in allowing the engagement team members for exchange of information especially on business risks pertaining in Waterco Limited Company. It helps in assisting engagement team members and gain better understanding of potential material misstatement especially in the financial statements of Waterco Lim ited Company (Lion 2012). Audit results involve decisions on nature and extent of timing for the audit procedures in an overall manner. Most of the small audits and carries out engagement collaborate in case of sole proprietorships. It considers the financial statements of entity for the material misstatement. Communication plan will help in understanding proper discussion on engagement team members and various factors for the same (Madura, 2012). It requires brief understanding on the entity and its environment. It mainly includes internal control of an entity. Various industry factors of Waterco Limited Company help in understanding the competitive environment, building supplier, and customer relationships in an overall manner. Technological developments help in maintaining regulatory as well as external factors in the most appropriate way (Malone, Tarca and Wee 2015). Market and competition includes demand, price competition as well as capacity for the same. Conclusion At the end of the study, it is noticed that Waterco Limited Company faces various audit risk. It is essential for conducting audit report for the next financial year. Audit report will give brief introduction on the financial information of Waterco Limited. This particular company deals with the steel and mining industry in the most appropriate way. This company offers various products and this includes water treatment, pool and spa treatment in an overall manner. This study covers the significant accounts and the planed materiality for the rest of the operational activities of Waterco Limited Company. Reference List Bebbington, J., Unerman, J. and O'Dwyer, B., 2014.Sustainability accounting and accountability. Routledge. Brigham, E., and Daves, P. (2012).Intermediate financial management. Cengage Learning. Brigham, E., and Ehrhardt, M. (2013).Financial management: theory practice. Cengage Learning. Brown, R., 2014.A history of accounting and accountants. Routledge. Cammack, J. (2014).Building Financial Management Capacity for NGOs and Community Organizations. Practical Action Publishing. Cummins, C. (2015). The gold standard.Superfunds Magazine, (408), 42. Datar, S.M., Rajan, M.V., Wynder, M., Maguire, W. and Tan, R., 2013.Cost accounting: a managerial emphasis. Pearson Higher Education AU. Deegan, C., 2012.Australian financial accounting. McGraw-Hill Education Australia. DRURY, C.M., 2013.Management and cost accounting. Springer. Edwards, J.R., 2013.A History of Financial Accounting (RLE Accounting)(Vol. 29). Routledge. Guthrie, J., and Pang, T. T. (2012). Goodwill impairment disclosure under AASB 136 from 2005-2010: disclosure requirements. Guthrie, J., and Pang, T. T. (2013). Disclosure of Goodwill Impairment under AASB 136 from 20052010.Australian Accounting Review,23(3), 216-231. He, R., He, L., and Evans, E. (2012).The impact of AASB 8 on segment disclosure practices and analysts information environment. Working paper (Macquarie University, North Ryde, Australia, 2012). Huang, A., and Vlady, S. (2012). The Accounting and Economic Effects of Currency Translation Standards: AASB 1012 vs. AASB 121.Journal of Modern Accounting and Auditing,8(11), 1601. Kaplan, R.S. and Atkinson, A.A., 2015.Advanced management accounting. PHI Learning. Kober, R., Lee, J., and Ng, J. (2013). GAAP, GFS and AASB 1049: perceptions of public sector stakeholders.Accounting Finance,53(2), 471-496. Laing, G. K., and Perrin, R. W. (2014). Deconstructing an accounting paradigm shift: AASB 116 noncurrent asset measurement models.International Journal of Critical Accounting,6(5-6), 509-519. Lasher, W. R. (2013).Practical financial management. Cengage Learning. Lion, J. (2012). How the IASB Interacts with Domestic Standard SettersA Network of Standard Setters.Australian Accounting Review,22(3), 244-245. Madura, J. (2012).International financial management. Cengage Learning. Malone, L., Tarca, A., and Wee, M. (2015). Non-GAAP earnings disclosures and IFRS.Available at SSRN 2626972. McKinney, J. B. (2015).Effective financial management in public and nonprofit agencies. ABC-CLIO. Michalski, G. (2012). Accounts receivable management in nonprofit organizations.Zeszyty Teoretyczne Rachunkowoņºci, (68), 83-96. Moyer, R. C., McGuigan, J., and Rao, R. (2014).Contemporary financial management. Cengage Learning. Scott, W.R., 2014.Financial accounting theory. Pearson Education Canada. Stevenson, K. M. (2012). The changing IASB and AASB relationship.Australian Accounting Review,22(3), 239-243.