Management Essay Example | Topics and Well Written Essays - 2250 words - 2

The board - Essay Example These understudies need a proper spot for finishing their assignments and schoolwork ventures. What's more, requirement for neighborly contemplating condition increments during assessment period. Subsequently, understudies stay in desperate need of a suitable ecological setting to lead their learning exercises. College of Colorado at Denver generally has study rooms and library offices. In any case, these rooms open their entryways for a predetermined number of hours. Studies demonstrates that lesser understudies would utilize around 15 hours, while senior understudies utilize 20 hours consistently in class work arrangements (Seung 89). In this specific circumstance, it is proper to consider improvement of an office that gives an every minute of every day study room benefits around the grounds. The principle targets of this venture incorporate arrangement of an easy to use learning condition for the understudy populace. The primary point is to encourage accessibility of a 350-underst udy limit study room inside the office. This space will oblige a noteworthy number of understudies all nonstop. Aside from singular examination segments, the office will have lounges implied for useful conversations identifying with learning forms. The task likewise thinks about the way that advanced learning forms requires use of electronic information sources from the web (Seung 46). Along these lines, included partners will guarantee that the UCD office has completely prepared and operational PC research centers. Aside from destinations of advancing scholastic learning, the task will upgrade arrangement of a reasonable social environment for the understudies. This part of socialization will be tended to by establishment of TV live with diversion highlights. Furthermore, understudies will procure work openings through different administration related opportunities inside the office. Expansion of a nibble seller booth will encourage age of assets that can be utilized to improve adm inistration conveyance inside the office. When all is said in done, combination of every one of these angles inside the task will effectively provide a good and practical condition for considering. Understudies who might like to direct their learning exercises at capricious hours will profit by this undertaking. In such manner, office the board will guarantee advancement of a manageable secure environment that will considerably build reading time for the college understudies. So as to guarantee target advancement of an achievable task proposition, the concerned group will apply natural endeavors in including applicable experts in their particular jobs. Important specialists inside the project’s work structure would incorporate the university’s organization. Significant data needs to arrive at the grounds the board in an opportune way. For this situation, opportune arrangement of applicable information expands odds of undertaking endorsement from the organization. Aside from the grounds directorate, various calculated grants will be essential during development work out. For this situation, city specialists will assume a noteworthy job in empowering initiation of development plans usage. Opportune arrangement of sane data should arrive at city authorities so as to assess the quality and legitimacy of the venture in meeting its destinations. This implies reasonable correspondence procedures and channels will encourage securing of important licenses from city

Week 5 posts 8000 Essay Example | Topics and Well Written Essays - 250 words

Week 5 posts 8000 - Essay Example Nursing is an extremely far reaching field and considering they are paramedics, your master’s information outperforms their degrees of accreditation. On your subsequent issue, you have expounded on the significant expense of nursing programs. You have contrasted a few projects and those of comparative if not lesser quality and the term and cost that you may discover pointless. My suggestion would be, keep your certainty on achievement of better expectations as it increments on your data on nursing. A debt of gratitude is in order for your educational post on this week’s conversation subject. I concur that morals help with recognizing what's going on and what is correct. In medicinal services, since you are managing patients and their prosperity respectability is a fundamental issue. As indicated by Hamric, Spross, and Hanson, (2009) a medical attendant ought to figure out how to keep mysteries, endure and battle. This is all to the generosity of the patient. You have additionally included that moral clashes in the medicinal services area can emerge from proficient associations, explore, sexual orientation, torment, or even life issues. This is apparent as the nurse’s advance in their vocations. An answer for this difficult you have included would be a medical attendant achieving a DNP. This outfits them with abilities to deal with clinical predicament. Nonetheless, you have said that they are likewise in a predicament with torment the executives and end life emergency. You have given a case of a dialysis understanding with a stroke and how the emergency clinic went about it. The incorporation of the different experts to disclose to the family on steps to take, expound on morals in the clinic. Additionally in the diabetic patient, it is well

Holohoax Essay Topics - Free Stuff to Get You Started

Holohoax Essay Topics - Free Stuff to Get You StartedHolocaust essay topics have become extremely popular over the past few years. These essays are used in college classrooms, workbooks, professional journals, and personal writings. They are used in all forms of education - not just in the Holocaust. Students, teachers, and adults who read essays on this topic will find them to be fascinating, because they are relatively easy to write and make the reader think about their own reaction to the Holocaust.What is special about these essay topics is that they touch on many different aspects of the Holocaust. They show how students, teachers, and readers can explore the many things they could think about - but not write about - during this period of time. In other words, this essay series is multi-dimensional.Part of the appeal of this type of essay is that many of the Holocaust essay topics cover both the actions of the Nazis and those of those they murdered. For example, in one of the Ho locaust essay topics, a student asks: 'How can one understand the Holocaust when they only know about the slaughtering of Jews?' The student writes, 'I wonder how much the Holocaust has changed me.'Another Holocaust essay topic asks, 'How much impact did the Holocaust have on my view of life and humanity? Because of the Holocaust, I am more aware of the risks and opportunities involved in the choices we make. The lessons we learn are valuable, but perhaps even more valuable is the lesson we learn from the Holocaust. I would like to know more about the Holocaust in order to use it as a teaching tool for my class.'In addition to the essay on the Holocaust, one of the other essays deals with the Holocaust's influence on the American population. One reader questions the 'primacy of the Holocaust' in the US. As another wrote, 'We don't hear a lot about the Holocaust when we talk about the Holocaust. How does the Holocaust figure into our personal and social development?'The Holocaust ess ay topics ask, 'What can one say about the Holocaust without making it seem as though he or she is diminishing its terrible impact? What does the Holocaust teach us about human nature?' The Holocaust writer challenges the reader to ask, 'What do you think the Holocaust taught us about humanity?' And 'What lesson do we learn from the Holocaust?'This topic was used in a college class on the Holocaust by a student named Steven. He wrote, 'The Holocaust taught me a very important lesson: Whether one chooses to accept the Holocaust or reject its validity is irrelevant. I did not learn that many years ago, nor should I have to be reminded of this lesson. It was one of the worst tragedies of the 20th century, and it must never be forgotten.'This essay series is truly an educational opportunity to explore what the Holocaust did to humans. Students learn what motivated Hitler, what he feared most, and what he became so obsessed with.

Unlike Fisher, John Yoo Believes That The Intention Of

Unlike Fisher, John Yoo believes that the intention of the framer was to lay out a Constitution that would evolve with time. He is not stating that the Constitution does not hold true but rather that because of different circumstances during these times that the Constitution should not be followed word for word. This is why Yoo’s believes that the President can hold power to declare and terminate war and has because Congress has allowed the President to make these decisions. He acknowledges that his approach is different. He feels that without strict limitations to the Constitution it provides more flexibility when it comes to war making decisions (pg. 293). He argues that the Constitution does not explain a single process when it†¦show more content†¦12). WPR was written poorly stating that they only consult congress and not making it mandatory. They also mistakenly stated that the President must report any decisions within forty-eight hours of sending military forces into hostilities, which only demands the President communicates with Congress after they have initiated (pg. 13). This is a failure on the behalf of Congress because they did not take control and stop the initiating of military usage from the President. The various times the military has been use by the President to initiate war the action itself was not him declaring war but due to his initiation of military power it has cause for this be a sign of initiating war. Yoo s could argue that the use of military power is part of his duties as the Commander in Chief as stated in the Constitution. If after these attacks they turn into war he did not perform any duties that are out of the scope of his position. One of the main goals of the framers was to divide power between the President and Congress to prevent the President from having sole power on making decision about war. Zoo’s states that there is a flaws to this theory because the frames allowed Congress to have sole power to make war making decisions (pg. 155). If the framers were trying to avoid giving the President sole power to dictate such important decisions, they did not consider the fact that they have now given the sole power toShow MoreRelatedBranding in Clothing Industry22425 Words   |  90 Pagesassociating it with the product class. Advertising and celebrity endorsement could be some useful tools for raising brand awareness. It is found that advertisement attitude is attributable to the influence on brand attitudes, affecting consumer’s intention to purchase (Mackenzie et al., 1986; Tsai et al., 2007). In recent decades, there is an increasing number of advertising campaigns around the world. Consumers are hence well-equipped with comparative elements to judge which product or service to

A Realistic Assessment of a Marine Biologists Earning Potential

Do you think you want to be a marine biologist? An important consideration might be what amount youll earn. It is a tricky question, as marine biologists perform a variety of jobs, and what they are paid depends on what they do, who employs them, their level of education, and experience. What Does a Marine Biologist's Job Entail? The term marine biologist is a very general term for someone who studies or works with animals or plants that live in salt water. There are thousands of species of marine life, so while some marine biologists do well-recognized jobs like training marine mammals, the vast majority of marine biologists do other things. This includes studying the deep sea, working in aquariums, teaching at a college or university, or even studying the tiny microbes in the ocean. Some jobs may involve tasks as odd as studying whale poop  or whale breath. What Is a Marine Biologist's Salary? Because the jobs of a marine biologist are so wide-ranging, their salary is also. A person that has focused on marine biology in college may first get an entry-level technician job helping a researcher in a lab or in the field (or rather, out in the ocean). These jobs may pay an hourly wage (sometimes minimum wage) and may or may not come with benefits. Jobs in marine biology are competitive, so often a potential marine biologist will need to get experience through a volunteer position or internship before they can get a paying job. To get additional experience, marine biology majors may want to get a job on a boat (e.g., as a crew member or naturalist) or even at a veterinarians office where they can learn more about anatomy and working with animals. More established marine biologists may earn from about $35,000 to about $80,000 annually. According to the Bureau of Labor Statistics, the median pay in 2017 was $62,290, but they lump the marine biologists in with all zoologists and wildlife biologists. In many organizations and universities, a marine biologist will have to write grants to supply funding for their salaries.  Those working in non-profit organizations may need to assist with other types of fundraising in addition to grants, such as meeting with donors or running fundraising events. Should You Become a Marine Biologist? Most marine biologists  do their jobs because they love the work. It is a benefit in itself, even though compared to some other jobs, they dont make a lot of money, and the work is not always steady. So you should weigh the benefits of a job as a marine biologist (e.g., often working outside, travel opportunities, trips to exotic locations, working with marine life) with the fact that jobs in marine biology generally pay fairly modestly. The job outlook for 2016-2026 showed positions for wildlife biologists were expected to grow at a rate of eight percent, which is approximately as fast as for all jobs in general. Many positions are funded from government sources, so they are limited by ever-changing governmental budgets. You will need to be good at science and biology to complete the education necessary to become a marine biologist.  You need at least a bachelors degree, and for many positions, they will prefer a person with a masters degree or doctorate. That will entail many years of advanced study and tuition expenses. Even if you dont choose marine biology as a career, you still may get to work with marine life. Many aquariums, zoos, rescue and rehabilitation organizations, and conservation organizations look for volunteers, and some positions may involve working directly with, or at least on behalf of, marine life.

Welfare Is A Program For Unemployed Or Poor People

Welfare is a program for unemployed or poor people in which the government helps pay for their housing, medical costs, food and more. It is government benefits that are distributed to people or families that are not financially stable. It enables them to maintain and keep a minimum or amount of well-being. There are programs that include the Women, Medicaid, Infants, and Children (WIC) Program, and Aid to Families with Dependent Children (AFDC) that give help to poor families. Back in the earlier days of America, the colonies imported the British Poor Laws. They made a distinction between the people who were not able to work because of their physical health or age and the people who are able to work, but are unemployed. Welfare history continued throughout the 1800’s when attempts were made to reform how the government dealt with the poor. Some of the changes were made to try to help the poor get to work instead of continuing to need assistance financially. Social workers wou ld visit the poor and train them in morals. A work ethic was advocated by those reformers in the 1880s and 1890s. Before the Great Depression, congress supported multiple programs to help and assist the poor. A Civil War Pension ,one of the programs, was passed in 1862. It provided aid to Civil War Veterans along with their families. Many families suffered poverty during the Great Depression and about one-fourth of the working people were left unemployed. This is when the government stepped in to helpShow MoreRelatedWelfare Is A Government Program1111 Words   |  5 PagesWelfare is a government program that provides financial aid to families or individuals who cannot provide for themselves. Welfare helps pay for poor people’s necessities such as food, housing, and medical care. Welfare is a program that is needed in the world, because some people don’t know how to be independent and take care of themselves. Social Welfare began after the Great Depression occurred. The Great Depression caused several families to become unemployed during and following this timeRead MoreWelfare Policy And The American Government1162 Words   |  5 Pages Welfare Policy Lana Eliot Sociology 320 Professor Mentor March 26, 2016 When a person first hears the word welfare, they think of free money, food and lazy people. This is such a stereotyped opinion of all that the welfare system is and what it does for millions of individuals and families in the United States. To socially define welfare one could view it as a: social effort designed to promote the basic physical and material well-being of people in need† (dictionary.com). BecauseRead MoreWelfare Reform Essay1040 Words   |  5 PagesWelfare has been around for than six decades. Since the beginning of its creation people have question whether the programs offered is helping the community. As American taxpayers, your funds contribute to welfare for others. Due to the large number of members who receives government assistants, it is not that simple to monitor every individual. But, I propose that welfare should be reformed. Society is abusing the access to social welfare and to change the downfall sure to come, the governmentRead MoreSocial We lfare : The United States978 Words   |  4 PagesSocial welfare programs are when society organizes efforts to meet some human needs. In the United States social welfare philosophies have changed throughout the years, and support for social welfare has gone both ways. English Poor Laws During 1601, England was experiencing a severe economic depression, with large scale unemployment and widespread famine. Queen Elizabeth created a set of laws designed to maintain order of the kingdom: the English Poor Laws. †¯These laws remained in force forRead MoreWelfare Of The United States998 Words   |  4 PagesWelfare is a subject of debate in the United States because everyone has a different point of view when it comes to the Social Security Act. On one side the rich may feel that the government takes from the rich, and gives to the poor. The poor on the other hand may believe that they are being forgotten and not helped enough by the government. Are the government financial assistance programs really working and helping people climb out of poverty or are they creating lazy people who depend on governmentRead MorePoverty Is The State Of Not For Poor, Single Parent Households And The Disabled1153 Words   |  5 Pageshousing, and clothing) to survive. The government programs that are designed to alleviate poverty and help the poor are called â€Å"public welfare† or antipoverty programs. There is not just one public welfare program that exists, there are many. Each system is designed to benefit low-income groups and have their own targeted populace, characteristic, and/or need that it addresses. The most important programs are those that provide income support to poor, single-parent households and the disabled.4 OnRead MoreWelfare Reform Essay1456 Words   |  6 Pagesand debated about a systematical program called welfare. Some perceive it as dead weight to our nation and they question whether the programs offered are helping the community. As taxpayers, the American populous funds contribute to welfare for others. Due to the large number of people who receive government assistance, it is not that simple to monitor every individual. However, I propose that welfare should be reformed. Society is abusing the access to social welfare and to prevent the downfall sureRead MoreHow Did Poverty Represent The Problems Of An Expanding Nation During The Early Republic Period?1298 Words   |  6 Pagesbeginning in 1837, saw poverty as the most significant social pressure in the United States. There were many unanswered questions regarding society’s role in helping the poor and underprivileged during this time in the early Republic. It was debated whether or not society was responsible for h elping find jobs for the unemployed, providing food and substance for starving families, and creating homes for those who were homeless. As the Republic matured, these circumstances brought about frequentRead MoreI Am Writing About The Social Welfare System Essay1432 Words   |  6 PagesI am writing about the Social Welfare System. How a system that was created for the purpose of helping the needy, has now become a highway for people to abuse of it. This public policy program has come to be a very controversial subject on both sides of the political arena. Originally created during the Great Depression, where the majority of households, through no fault of their own were living in poverty. Although many changes to the system have been made, the original focus is the same. ToRead MoreEssay Welfare-To-Work: Welfare Programming1070 Words   |  5 Pagesa horse to water but, if you don’t teach him to read, he won’t know its poison. This is exactly how the current welfare programs in the United States are run. The current Welfare Reform is failing due to Political indulgence in statistics, focusing on the percentage of individuals attaining employment instead of the quality of employee and employment. In order to be successful Welfare Reform must contain vocational education with proper job placement and fair sanctions on recipients. The numbers

Analysis Of Lehman Brothers Collapse And Key Audit †Free Samples

Question: Discuss about the Analysis Of Lehman Brothers Collapse And Key Audit Matters As Per Asa 701. Answer: Introduction In this report, the collapse of the Lehman Brothers has been detailed. The collapse faced by the company has led to the emergence and immediate application of the Auditing standard 701 on communicating the key audit matters in the independent audit report. At first the historical background of the company Lehman Brothers has been given and for the last how many years the company is into banking business and how they have made profit. Thereafter the collapse occurred in the year of two thousand and eight will be detailed along with the reasons why the same has happened. Thereafter the reasons will be cited as to why the auditors have not given the qualified opinion in their audit report while authenticating the financial statements of the company. Then the auditing standard number 701 issued by the Auditing standard board in United States will be discussed and how the collapse had led to the emergence and application of this auditing standard. It has also detailed the key audit matte rs that the auditor must have mentioned while auditing the books of accountings compiled in the form of financial statements of the company. At the last, the report has been ended up with the appropriate conclusion and the adequate recommendation. The main aim of the report is to identify the key audit matters that would have been reported in Lehman Brothers audit report before happening of the historical event and what key matters are required to be mentioned as per the new and relevant auditing standard. With this aim the report has been prepared and the date has been collected from the reliable sources. Lehman Brothers Historical Background In the year of eighteen thousand and forty four, Mr Henry Lehman was settled in United States of America and he there opens a general store which is engaged in the business of selling the dry goods to the customers. Customers are mainly the cotton farmers. The name of the company was H Lehman. After the arrival of the brothers of Henry Lehman, the name of company was changed to Lehman Brothers. In the year of eighteen hundred and fifty, cotton has been considered as the most important crop in the United States of America and keeping this in view the three brothers have started to have raw cotton in lieu of the items purchased from their general store. Thus, in this way they have started the second business operation of trading in cotton. With the passage of time the company has engaged itself in the purchase and selling of commodities as the brokerage company and opened its first office in Liberty Street, United States where there is the home of factoring agents and commissioning age nts. After the civil war that has happened in the year 1862, the company has merged with another company and has started financing for reconstruction of the affected parts of the country. Thereafter the company has converted its business operation from trading in commodities to the investment banking including the areas of underwriting the issue of shares and debentures and financing the big and huge projects of the different companies across the world. Almost twenty six thousands were employed by the company across the World. The company has financed many projects including the Chicago railroad project, the north western railroad project, Pennsylvania railroad project, etc. The company has been the way of having funds from various big companies like the company has financed the Paramount pictures and Century fox in year of 1930s and has been the helping hand for developing the circuits for more than 700 theatres (HBS, 2014). The companys profit since its inception has been ever gro wing and increasing at the increased rate. Reasons for Collapse With this background, certain conditions were there and circumstances have happened which have led to the collapse of company on the day of fifteen of year of two thousand and eight is of big concern. The reasons for the collapse are given below: No Buyer The major cause of the collapse of the Lehman Brothers is non availability of the buyer at the time before the company has filed for bankruptcy. If the company would have found the buyer then the situation of filing the bankruptcy protection would not have arisen. In the case of other companies like Merrill Lynch and Bear Sterns, etc who have faced the same financial crisis but have not applied for the bankruptcy protection as they have got the buyers at an early stage (Azadinamin, 2013). Massive Accounting Fraud The Company has used the accounting treatment which has led to the total transformation of financial statements. The company has used the technique which is named by Repo 105. The term repo is referred to as the Repurchase agreement. By this technique the company sells its short term securities in lieu of cash to the counterparty for short duration and via agreement the company will repurchase the securities so converted in cash after the completion of duration. In case the company fails to repurchase the same then the counterparty can get it exchanged from other the market. The company records the transaction so entered as sales and receives the amount in cash. Through the amount so received in cash, the company goes on paying its liabilities and thus managing their profitability and liquidity ratios and major balance sheet ratios (Johnson, 2012). The company has been engaged in this practice for the last eight years before the date of collapse and has been successful in writing off $50 billion liabilities out of the balance sheet (Maux and Morin, 2011). As per the American accounting standards, the securities so given shall be shown as the loan in the books of accounts and when the same is repurchased the amount shall be set off from the loan. But the company is showing the transaction as sales in the books of accounts which are the clear cut violation of American Accounting standard. Though Repo 105 is permissible by the American accounting standards but the way the company has followed is not permissible (Chadha, 2016). In this way, the company has created the blunder mistakes in the books of account and has done window dressing through violation of the standards. Risk of Credit Default Swaps Lehman brothers was actively involved in this market. The company has massively engaged in the business of granting loans for the sub prime property areas. Subprime areas are considered as the inferior area and banks usually charged higher rate of interest on the amount of loan sanctioned and granted. Due to increase in the demand for the property the probability and chances of having the defaults in payment of loans have become higher which in turn have led the wave of failure of companies and various securitization vehicles in the market (Dutta, 2010). Government Restriction for Purchase by Barclay Lehman Brothers would also have not filed the bankruptcy protection had the Government would have allowed the acquisition of Lehman Brothers by Barclays. Government has totally restricted the acquisition following which the company was forced to file the bankruptcy protection application (Farndale, 2008). Independent Auditors Report Meaning and Why it is Issued The audit report is the report issued by the auditor of the company which states that the financial statements so prepared by the company from the books of accounts are reliable and relevant and represents the true and fair view of the financial health of the organization. Financial health includes the financial position of the company as well as the financial performance of the company. The independent word has been used simultaneously with the Auditors report. It is because the auditor has to be impartial and free from any bias and his each and every opinion that he forms on the financial statements of the company after full and complete verification shall be objective and shall not be under any pressure or any form of self interest or any other factor. The opinion so formed may be qualified, adverse, disclaimer or unqualified. The audit of books of accounts of the company is required by the corporation act of the respective country in which the company is operating. The independent auditors report is important and mandatory for all the companies and to be annexed with the financial statements of the company and shall form part of the annual report of the company. The independent auditors report helps the users of the financial statements including the stakeholders of the company to know the depths of the company in terms of its functioning, its performance and more importantly how much wealth the shareholder will earn by investing in the company. Without the independent auditors report no person can judge whether the company is operating within the limits of the applicable laws or not. For instance, in case of banking company whether the company is following the guidelines of Federal Reserve Bank and other similar regulatory authorities. Reasons for Unqualified Opinion The auditors of the company Ernst and Young have closed their eyes and signed the financial statements of the company in misbelieve that the Repo 105 that company is applying is accurate and in accordance with the American accounting standard. But in actual the auditors are very well aware of the fact that the company is in the technique of getting the books of accounts window dressed in such a manner that the liabilities of the companies are totally set off (Chatterjee, 2015, Mc 2010 and Inman, 2014). It has also been detailed that the managers of the company, in their financial statements, have not mentioned about these type of transaction in their notes to the accounts and the same fact has not been qualified by the auditor in his auditors report and also not made the stakeholders of the company aware of the fact that the financial statements of the company does not represent the true and fair view (Coenen, 2010). The major reason for issuing unqualified opinion is that the company has given $150 million as fees to the audit firm for auditing the books of accounts for the last eight years starting from the year 2000. The amount of fees is less than one percent of the revenue of the company earned globally (Goldstien, 2014). Therefore, the audit firm has the financial interest on the basis of which fraud has been committed. Meaning and Purpose The new auditing standard is effective from the 1st of January 2016 and will apply for the financial reporting periods ending in or after 15th of December 2016. The Standard is concerned with defining the responsibilities of the auditor while issuing the audit report to their clients. As per the new standard the auditor has to disclose the key audit matters in its audit report. In the standard it is mentioned as what will be the key audit matters and what key audit matters the auditor will report in his auditor report (AASB, 2015). The main purpose of the standard is to provide the users of the financial statements with sufficient and appropriate information through which they will be able to make corrective action with proper decision. Key Audit Matters Specified in the Auditing Standard As per the new auditing standard, key audit matters are those matters which are considered to be most important and significant to be mentioned in the audit report. The key audit matters are selected from the matters with those charged with governance. In identifying the key audit matters the auditor needs to apply his professional knowledge and judgment. The standards has specified that the auditor shall take into account the following while determining whether the matters observed during the audit are required to be disclosed as key audit matters: Areas which are defined as high risky areas or areas having the significant risks. These are to be determined in accordance with the Auditing Standard 315 on risks control systems. Areas where it is probable that the management of the company might have used unethical practices like wrong estimation of useful lives of an asset or impairment of an asset or booking of advance revenue or deferment of revenue, etc. The effect that the matters will have on the financial statements of the company if reported and how the users of the financial statements will deal with such disclosures. Thus, the responsibility of the auditor has been increased with the introduction of the new accounting standard and he has to apply his professional judgment with due care. Key Audit Matters that Auditor would have Disclosed As per the new auditing standard, the auditor shall disclose the key audit matters that he has observed while performing the audit of the company. Had this new accounting standard made applicable from the year of 2000 or in between anytime ranging from the year 2000 to 2008, the collapse of Lehman Brothers would not have occurred and the history in the banking industry of United States would not have created. If the auditing standard would have made applicable in those earlier then the auditor shall have disclosed the following key audit matters: The companys cash flow position has been deteriorating from the last three years resulting in total decrease of cash and cash equivalents amounting to $167 million. If this fact would have been disclosed then the collapse would not have occurred. The company cash flow also depicts that the company is paying dividend to its shareholders every year and the payment is mainly from the long term funds which the company keeps on borrowing on daily basis. Thirdly, being aware of the fact that the company is in the process of window dressing of the financial statements by wrongly applying the Repo 105 process, the auditor would have disclosed that the transactions will result the bad position in the future as the same or even worst position will happen when they will go for repurchasing the securities. Thus, as per auditing standard 570, the effect on going concern assumption for the preparation of financial statements shall also be mentioned (Masytoh, 2010). Conclusion And Recommendation Lehman Brothers, renowned company has collapse suddenly due to the accounting fraud that the company has been doing for the last eight years. The management of the company along with the auditors of the company has tried to cheat the users of the financial statements of the company along with the different stakeholders. The company has ended up with the filing of bankruptcy protection application. It is recommended for the auditors and companies to follow the very nature and purpose of auditing and accounting standard and shall not violate their terms and conditions in any manner. References AASB, (2015), ASA 701, Communicating Key Audit Matters in the Independents Auditors report, available on https://www.auasb.gov.au/admin/file/content102/c3/ASA_701_2015.pdf accessed on 16/05/2017. Azadinamin A, (2013), The bankruptcy of Lehman Brothers: Causes of Failure and Recommendations Going Forward available on https://www.researchgate.net/publication/230687440_The_Bankruptcy_of_Lehman_Brothers_Causes_of_Failure_Recommendations_Going_Forward accessed on 15/05/2017. Chatterjee P, (2015), Ernst and Young pays $10 million to settle Lehman Brothers Audit failure Lawsuit, available on https://www.corpwatch.org/article.php?id=16019 accessed on 15/05/2017. Chadha P, (2016), What caused the failure of Lehman Brothers, available on https://www.omicsonline.com/open-access/what-caused-the-failure-of-lehman-brothers-could-it-have-beenprevented-how-recommendations-for-going-forward-2472-114X-S1-002.php?aid=77283 accessed on 15/05/2017. Coenen T, (2010), Is Ernst and Young to blame in Lehman Brothers Fraud? available on https://www.aol.com/article/2010/12/23/fraud-files-is-ernst-and-young-to-blame-in-lehman-bros-fraud/19774486/ accessed on 15/05/2017. Dutta, (2010), Lehman Shell Game, Strategic Finance, Vol 92(2), pp 21-29 Farndale N, (2008), Lehman Brothers Collapse : How the worst economic crisis in living memory began available on https://www.telegraph.co.uk/finance/recession/3917584/Lehman-Brothers-collapse-How-the-worst-economic-crisis-in-living-memory-began.html accessed on 15/05/2017. Goldstien M, (2014), Arbitrators Ease Blame on Ernst and Young for Audits of Lehman Brothers, available on https://dealbook.nytimes.com/2014/08/11/arbitrators-ease-blame-on-auditors-of-lehman/?_r=0 accessed on 15/05/2017. HBS, (2014), History of Lehman Brothers, available on https://www.library.hbs.edu/hc/lehman/history.html accessed on 15/05/2017. Inman P, (2010), Auditors Role in Lehman Collapse Unites Opposition in calls for reform, available on https://www.theguardian.com/business/2010/mar/15/auditors-role-lehman-collapse-critics accessed on 15/05/2017. Johnson M, (2012), The failure of Lehman Brothers and its impact on other Financial Institutions, Applied Financial Economics, Vol 22(5), pp 377-383 Masytoh O, (2010), The analysis of determinants of Going Concern Audit Report, Journal of Modern Accounting and Auditing, Vol 6(4), pp 27-36. Maux J and Morin D,(2011), Black and White Red All over : Lehman Brothers inevitable bankruptcy splashed across its financial statements , International Journal of Business and Social Science, Vol 2(20), pp 42-61 Mc G, (2010), Ernst and Young accused of hiding Lehman Troubles available on https://www.reuters.com/article/us-ernstandyoung-lehman-lawsuit-idUSTRE6BJ1FP20101221 accessed on 15/05/2017.