Ecology of Panther a Leo (Lion)

Ecology of Panther a Leo (Lion) Introduction Understanding of the ecology of animals is very interesting. According to Humphreys (1997, p. 121), many of wildlife habitat encroachment has been reported worldwide. This has mainly happened due to the general increase in population. Increased population leads to high demand for food and other resources that led many to convert the animal habitats into poaching grounds and agricultural areas to feed the hungry population.Advertising We will write a custom essay sample on Ecology of Panther a Leo (Lion) specifically for you for only $16.05 $11/page Learn More Panther Leo or Lion species is predominantly found in Africa where they have faced tremendous interferences from poachers who have different interests (Firouz 2005, p. 91). Some hunt the animal for skin while others do it for revenge reasons when they attack humans. Lion belongs to the genus Panther with other animals like the Tiger, Jaguar and leopard also. Lions are referred as a ‘k ing of beasts’ in the wilderness. This research focuses on the analyzing the life of a lion. Geographic Distribution of the Species Triefeldt (2008, p. 56) noted that lions are largely found in Africa and in some parts of Asia. The species is reported to be endangered in these areas. Some of the remnants are known to reside in Indian National park, the Gil forest. From the historic perspective, some of the lion species are believed to have moved away from south west of Asia and North Africa. Until the recent past, lion was the most widespread mammal seconding humans. In India, the habitat of lions is in both the forests of dry savanna and the dry forests of deciduous scrub. In Africa, the lion species is found in grasslands of savanna where there are acacia trees. In the 480BC, lions were believed to be common in Greece. They attacked a Persian king during his reign and were reported to be rare by 300BC. Most of the lions were eradicated on the arrival of firearms during the 18th century. Later in the 19th and 20th century, lions started becoming extinct in Southwest of Asia and North Africa. In most parts like India, lions have become extinct. Generally, lions are known to live mostly in the shrubby and forested areas. The picture below shows a lion in its habitat Pattern of distribution of the species within its geographic range According to Lions (1996, p. 58), different lion species are found in different environments depending on the geographical region. However, Africa is commonly known to harbor many lion species, their distribution pattern vary from one location to another within the continent.Advertising Looking for essay on ecology? Let's see if we can help you! Get your first paper with 15% OFF Learn More In some parts of Africa, for example the Eastern part has a considerably high number of lion species compared to the number of the same species in other parts of Africa. In the Asian region, the most commonly found s pecies is the P.L persica. In Africa, researches show that there are five different sub-species found within different geographical regions. These lion species include, the Panther a Leo senegalensis that is found in the parts of Western Africa and P.I.azandica found in the Northern East of Congo. Followed by the P.I.bleyenberghi, a species that is found in Angola and southern parts of Congo, and the Panther a Leo krugeri also known as P.I. verneyi that include the lion species from Kalahari and P.I krugeri, which is found in southern Africa. In the Eastern Africa, there are the P.I nubica, the lion species that are categorized into Masai, Somali, Serengeti, and Congo lions. Individual distribution Lions are well organized. Based on their sexes, there is division of roles or duties. The animals due to their form of organization rarely live in isolation. Female lions giving birth at the same time have a shared responsibility of bringing up the cubs (Riley 2008, p. 79). A part from hu nting for these cubs, lioness would breastfeed them irrespective of the specific cub mothers. The male lions’ big responsibility is to protect the female lions and the young ones. Lions therefore live in groups or prides. A pride on average can comprise 13 lions, both males and females. They also do the hunting in a group and in very rare occasion, a lion will go hunting individually. Major habitats that the species occupies Hunter (2005, p. 46) says that the lion’s habitation varies. Their habitats include plains, forests, and grasslands. Quite a good population of lion species is known to reside even in the semi-arid and at high altitude areas except within the tropical rainforests and extremely desert areas. In fact, a lion species is known to live in Ethiopian Bale mountains that are 4,240 m. African lions are commonly found in savanna habitations or in plains. These areas are believed to have a high prey base. Lions in Asia found in Gir forest India. The lion prid es which constitute both sexes range from two to 40. Within the pride, male lions are usually more than their female counterparts are. In most instances, lions are found in groups, an adaptation that helps in increasing their efficiency when hunting and in guarding their territorial boundaries against other animals. Important habitat components According to Humphreys (1997, p. 127), lions inhibit a wide range of habitats. Mostly they prefer inhibiting in areas that are forestry and shrubby. As seen earlier, these animals like hunting in the darkness in order to hide from the prey. They also like a habitat with some kind valleys to make the hunting easier for them since such areas help them hide from the prey aimed.Advertising We will write a custom essay sample on Ecology of Panther a Leo (Lion) specifically for you for only $16.05 $11/page Learn More As discussed earlier, lions live not in isolation but in groups. The female do most of the hunting especial ly hunting the light prey like gazelles and wild beasts. On the hand, male like hunting huge animals like zebras and buffalos. Both male and female lions have different preferences for prey hunted. Most of this species as seen from the discussion above, in Africa they are mostly found in Kalahari. This place is full of scattered acacia trees. They like such a place because they shelter under these trees during sunny seasons. Female lions also give birth under trees or under shade. Foods eaten According to DeGraaf (2000, p. 28) lions are predatory and carnivorous animals. The lion’s prey range from the small sized to the large sized animals. Their diet is mainly comprised of birds, rodents, buffalos Zebras and many other small and big animals. The lion as said earlier has the dominion over almost all other animals in the wilderness. Lion, the king of the Jungle, is able to straggle and kill animals like Rhinos, Antelopes, Zebra, and many others to obtain food. The animal is ve ry cunning .After killing other animals; lions ensure that they do not share their kills and do chasing away other predators. The figure below shows a lion carrying away its prey. McGuire (1989, 40) says that in most of the occasions, the female lions do the hunting. Hunting activity is usually individually and in prides also. The prides just like female and male lions, differ in food preference. Female lions prefer hunting preys like antelopes while their male counterparts prefer large animals like buffalos (Mitra 2005, p.125). The hunting is normally done in groups and at night. Lions are much slower compared to the speed of most of their prey. Although they can also run fast, most of the preys they hunt are faster hence, hunting at night helps them in concealing their presence against the animals they hunt.Advertising Looking for essay on ecology? Let's see if we can help you! Get your first paper with 15% OFF Learn More Timing and pattern of reproduction Marshall (2010, p. 114) observes that lions are polygamous in their breeding. The gestation period of lions is around 110 days. Their breeding is throughout the year. By the age of four years, most lionesses are ready for reproduction. Mating takes place at specific times of the year among the lion, which can take several days (Mitra 2005, p.35). A female lion, when on heat can mate with several different males. When giving birth, the female lion isolates to a sheltered place away from the rest of the pride. Some researches show that lions breed well in protected area such as game parks. A lioness on average can give birth from two four cubs per each attempt. After birth the female does not immediately mate again, it takes some time, usually about two years. The cubs are usually blind at birth. Their eyes open roughly after a week. The diagram below shows lions mating. Olney (1994, p. 89) says that the mother lioness hunts for its young ones and p rotects them from predation until they are able to support themselves. In a situation where many lionesses have given birth at the same time, they share the responsibility of rising as well as feeding the young ones. Cubs’ mother isolates from the rest of the pride for a maximum period of 8 weeks. Weaning of the young lions can start from the seventh month. Normally, at the age of 3 years, a male lion riches maturity and at the age of 5 years, they are in a position to defend other pride members. The female lions mature so fast and from the age of 4 years, they are ready for procreation. The male lions rule the prides and always fight for their chances to take over the ruling position in a pride (Feldhamer 2003, p. 56). There is therefore a continuous competition between female lions and males over their social structure. Conservation or Pest Status According to Skinner and Chimimba (2005, p. 118) most lion species live in Southern and Eastern Africa. It is reported that desp ite the breeding ability of lions, their number is decreasing each day. Estimations indicates that about 23,500 lions are in African protected areas against the 100,000 lions present a century before (Olney 1994, p. 119). The main pest affecting the lion species are the humans. Poaching of lions and human encroaching the lion’s habitats, has been on rise. There increased cases of human-wildlife conflicts, a factor that is facilitated by loss of habitats for these animals hence migrating to human habitations. Due to habitats loss and poaching, the population of the remaining lion species lives in isolation, a factor that encourages inbreeding leading to decrease in genetic diversity. Interference of the lions habitats buy humans as posed a serious impact on species conservation (United Nations Environment Programme 2008, p. 113). There is need to create awareness to the public on the importance and need for conserving lions and wildlife in general. A part from humans, lions al so face predation from other animals. Although lions are serious carnivores, they are predated upon by animals such as cheetahs, hyenas and leopards which are commonly known in killing the lion young ones and the aged lions. Population Management According to Fleagle (1999, p. 81), after the realization that the population of lion species is decreasing every day, a number of coordinated measures has been put in place to manage the remaining population. This plan was started in 1982 for those lions in Asia, but since the lions in this region were discovered impure genetically, the plan was suspended (DeGraaf 2000, p. 78). The plan of lion population management in Africa started a year later focusing mainly on the subspecies in the southern Africa. This plan has been faced by a series of challenges. Most of the captive lions are from an unknown origin and diversity, a factor that makes population management based on their genetic diversity difficult. Amongst the pride, lions have a wa y in which they manage their population. Lions after giving birth always like staying with their young ones in the same pride so that they can continually watch over them. This process continues up to around 40 lions, which is the maximum number for a pride. After acquiring the maximum number, that a pride can support, the incoming extra lions split and shift to a different region for easy management and foraging. This avoids competition over resources like food, water, and shelter. List of References DeGraaf, R 2000, New England wildlife: Habitat, natural history, and distribution, University Press of New England, Hanover. Feldhamer, G 2003, Wild mammals of North America: Biology, management, and conservation, Johns Hopkins University Press, Baltimore. Firouz, E 2005, The complete fauna of Iran, Tauris, London. Fleagle, J 1999, Primate adaptation and evolution, Academic Press, San Diego. Humphreys, P 1997, The lion and the gazelle: The mammals and birds of Iran, I.B. Tauris, London . Hunter, L 2005, Cats of Africa: Behaviour, ecology, and conservation, Struik, Cape Town. Lions, J 1996, Lions commentary on Unix 6th edition: With source code, Peer-to-Peer Communications, San Jose. Marshall, C 2010, Mammal anatomy: An illustrated guide, Marshall Cavendish, New York. McGuire, L 1989, Lions, Aladdin Books, New York. Mitra, S. (2005). Gir Forest and the saga of the Asiatic lion. New Delhi: Indus. Olney, P 1994, Creative conservation: Interactive management of wild and captive animals, Chapman Hall, London. Riley, J 2008, African lions, Lerner, Minneapolis. Skinner, J Chimimba, C 2005, The mammals of the southern African subregion, Cambridge University Press, Cambridge. Triefeldt, L 2008, Plants animals: A special collection from the World of wonder series, Quill Driver Books/Word Dancer Press Sanger. United Nations Environment Programme 2008, Africa: Atlas of our changing environment, United Nations Environment Program Nairobi.

Response to Gran Torino Essay Example | Topics and Well Written Essays - 1000 words

Response to Gran Torino - Essay Example This is because it does not go as far as the extremes of racist language and that there is not a single character that takes offence to the language used. However, the language may be offensive to the audience watching the film as most of the terms, though witty, are in bad taste of conventional anti-racist terms, especially when used by Caucasians, as is the case with Walt. This makes the language to be in bad taste of the audience in addition to the presence of random Hmong chatter to make up of Asian language scenes in the film. The use of this language in the film is not entirely appropriate although it serves its purpose in creating realistic scenes of Asian language speech. There is also extensive use of dirty speech or language throughout the movie with swear words and cursing with words such as goddamnit, bitch, fuck and shit, which make the film a bit language unfriendly although it is common in most modern movies. Gran Torino also features aspects of racism that are incorpo rated in language and other activities depicted in the film. The first one is in the definition and names assigned to different ethnicities such as Asians, who are called chinks, African Americans who are called niggers and Polish Americans, who are called Polacks. This shows the degree of ethnic intolerance throughout the film, in addition to the dissatisfaction of Walt Kowalski in his hatred towards Asians. This is because he is a Korean War veteran and is intolerant attitude towards Asians.... d names assigned to different ethnicities such as Asians, who are called chinks, African Americans who are called niggers and Polish Americans, who are called Polacks. This shows the degree of ethnic intolerance throughout the film, in addition to the dissatisfaction of Walt Kowalski in his hatred towards Asians. This is because he is a Korean War veteran and is intolerant attitude towards Asians, until he starts mentoring Thao, the next-door teenage boy. Although there is this form of reconciliation in the film through mentoring the boy, it appears as if the racial tension between the Caucasian man and the Asians does not entirely go away. The above is due to the presence of Asian gangs who target the family of his mentee, which brings up the concept of revenge. In regard to portrayal of revenge in Gran Torino, Asian gangs are portrayed as largely unforgiving; in the same way that Walt Kowalski is, when one tries to mess with his family. Walter Kowalski holds the concept of family d early and carries his family with high regard in regard to the Hmongs who live in is neighborhood. Following the rescue of Thao from the influence of the Asian gang operating in his neighborhood by Walt, the Asians seek their revenge against Walt (Gran Torino). This is in addition to punishing Thao’s sister, Sue, for receiving Walt’s help and helping the two stands up against the gang to stop with their oppression. The Hmong gang beats up Walt and drives by Thao’s house shooting at it, and in the process wound Thao in the neck, while the revenge mission of the Hmong gang goes beyond this in that they abduct Sue, beat her up, rape her and then discard her at her house. Revenge in the film appears to be taken seriously through vicious actions by gangs and individuals, although Walt and

Safety community care plan Essay Example | Topics and Well Written Essays - 750 words

Safety community care plan - Essay Example They should be allowed to excel and strive to achieve their goals. Be able to reside and work in their chosen location and field as long as they are qualified for the job (Pamela J. Salsberry, 2003. Page Number: 39). They are usually part of a family belonging to a cultural group, living within a community or region of their choice. The environment can be open or closed. It can contribute to the building or endangering of the persons self esteem. One might adapt to the environment depending on one's personal preference. A person might be seen in the eyes of others as the product of their environment that might be interpreted as a negative or a positive statement. Depending on one's interpretation of the statement. Some environments have sub-cultures within the environment. Each group has different beliefs, such as religion, diet, attire, and dialects. The environment sometimes contributes to some medical problems, for example respiratory problems. Nurses unfamiliar with the laws and customs of the environment might need to familiarize themselves with cultural practices. What is appropriate and inappropriate for that culture for example male nurses not allowed to give care to female patients in that environment and vice versa. Nurses might need to observe the environment for safety precautions and life threatening situations. Which will contribute or cause an illness, or preventing recovery. The environment is considered home and that is were the person resides. It is a familiar surrounding for the individual. Health can be defined as freedom from either a mental or physical condition, which impedes one from performing activities of daily living or preventing the person from functioning at their optimum level, for that individual. The person is considered mentally or physically stable or unstable depending on the diagnosis he/she is assigned. Health is when a person is in a state of well-being. The individual has been free of pain and disease. The patient is always the focus; therefore it is called "patient focused care". Health is considered the quality of life, when an individual is independent and able to function without any obstacles of impedement (Jowett, S., 2004, 579-587). 3. Plan In nursing the nurse should be able to critical think, be caring, competent, compassionate and have a conscience according to Roach. Nursing would include, doing a nursing assessment, nursing diagnosis, nursing care plan, and a nursing interventions. Starting with short-term goals, and upon achieving short-term goals for the patient, then proceed to long-term goals. Goals should be realistic. Then evaluate and reassess if the needs arises. Problem solving and treating the patients as human, the same way you would like to be treated. 4. Evaluation The safety of a neighborhood is an important indicator of its overall economic and social health. Neighborhood crime prevention efforts are essential. Safe neighborhoods are necessary to foster common values and community quality of life. Neighborhood crime, on the other hand, creates fear and distrust among

The Learning Sciences Design Committee Essay Example for Free

The Learning Sciences Design Committee Essay PROJECT DESCRIPTION The Learning Sciences Design Committee at a local college is researching different factors that affect the design of a new student study lounge. Before making recommendations, members will present brief reports. As a member of the committee, your research is about the role music can play in various campus environments. You fine-tune your report in Word. GETTING STARTED Download the following file from the SAM website: IL_Word2013_UD_P1a_FirstLastName_1.docx Open the file you just downloaded and save it with the name: IL_Word2013_UD_P1a_FirstLastName_2. docx Hint: If you do not see the .docx file extension in the Save file dialog box, do not type it. Word will add the file extension for you automatically. With the file IL_Word2013_UD_P1a_FirstLastName_2.docx still open, ensure that your first and last name is displayed in the footer. If the footer does not display your name, delete the file and download a new copy from the SAM website. PROJECT STEPS 1. Change the document margins to Moderate. 2. Change the Citation Bibliography Style to MLA Seventh Edition. 3. Add a header to the document using the Blank format. Insert the text Music Behavior, insert a space, then insert a page number using the Plain Number format (1st option in the Current Position gallery). 4. Move the insertion point before the word â€Å"Retailers† in the paragraph that begins â€Å"Retailers, health care professionals, and educational institutions†¦Ã¢â‚¬ , then insert a continuous section break. 5. Format the section below the heading â€Å"How music affects behavior† into two columns. (Hint: The section containing the columns should end before the â€Å"Perception of Time Spent Shopping† heading at the top of the second page.) 6. At the top of the second column of text, move the insertion point after  the period in the sentence It is worth emphasizing that†¦could prove problematic., then insert the citation shown in Figure 1 below. Figure 1: Web Citation 7. Edit the citation to add the page number 2. 8. Move the insertion point after the period in the sentence â€Å"As the following table demonstratesin a variety of settings.†, then insert a footnote with the following text: 500 students surveyed. 9. Format the table beginning with â€Å"While cooking†¦Ã¢â‚¬  using the Grid Table 6 Colorful – Accent 6 table style. 10. Select the first column in the table and center-align the text. 11. Select the table and resize it using the AutoFit Window option. 12. On page two, move the insertion point to the blank line below the heading â€Å"Perception of Time Spent Shopping†. Insert a table with 3 columns and 5 rows. 13. Type the data from Table 1 below into the table you just created. Table 1: Perception of Time Spent Shopping 14. Format the table using the Grid Table 4 – Accent 6 table style. 15. Move the insertion point to the blank line below the table on page two and insert a page break to create a new page three. 16. Move the insertion point to the top of the new page three and insert a Bibliography using the built-in Works Cited style from the Bibliography gallery. 17. Check the Spelling Grammar in the document to identify and correct any spelling errors. (Hint: You should find and correct at least 1 spelling error.) Your document should look like the Final Figure on the following pages. Save your changes, close the document, and exit Word. Follow the directions on the SAM website to submit your completed project.

Personal Narrative - First Football Coach :: Personal Narrative Writing

Personal Narrative - First Football Coach One December morning, right before Christmas break, I was talking with a friend when our football coach came over to talk to us. I really respected and admired my coach and we always got along very well. My coach told us he was leaving Melbourne Central High School to go work in California. I had no idea what to say. I was in utter disbelief I was barely able to mutter a simple "Good Luck". One of my goals for the upcoming year was to have a good football season, just for my coach, because I really felt he deserved it. Most days I would have lunch with the coach where we would talk not only about football but also life and current events. When he left, I lost not only a coach but a friend and mentor. I knew I would always miss him. I did not believe that his departure, however, would threaten my football career or my love of playing. I was wrong. New coaches bring the winds of change. With the new coach came a new philosophy about the team. Everything was different from the color of our uniforms to our positions on the field. I think the best symbol of this is the change from green color helmets to gold. During pre-season conditioning, we got to know the new coaching staff. At the beginning of the season, the team was excited and ready to follow the new coach. But as the season progressed we all realized changes taking place with the new coach were heartbreaking. The new coach affected me as a football player and as a person. The football coach often lied and was very manipulative in his attempts to manage the team, its players and me. The entire season was a difficult one with this new coach and I would often come home upset. I turned to my father for advice and he would remind me to never forget the lessons my previous coach taught me about football and about life. My first coach was a great role-model. He taught me to have the courage to stand by my beliefs and to resist intimidation and manipulation.

Fred Stern & Company, Inc.

Fred Stern & Company, Inc. was a rubber importer based out of New York City during the 1920s. This capital-intensive business was in high demand for numerous industries at the time. As such, Fred Stern & Co. relied heavily on lenders to finance its daily operations. In 1924, Fred Stern & Co. approached a finance company named Ultramares Corporation for a loan of $100,000. Before accepting the terms, Ultramares Corp. requested an audited balance sheet to serve as support for the loan.A well-respected accounting firm named Touche, Niven & Co.  had provided assurance for their statement a few months earlier, which allowed the deal to go through. The following year, in January 1925, Fred Stern & Co. filed for bankruptcy and Ultramares Corporation found itself suing Touche, Niven & Co. for fraud & negligence to recover $165,000 lost in the agreement. When reviewing the case thoroughly, there are various red flags, overlooked by Touche Niven that should have been clear indicators of frau dulent reporting by Fred Stern Co. Firstly, when commencing the audit in February, Touches’ auditor Siess had to complete the general ledger & trial balance himself.It had not been posted since the prior April. This resulted in him reviewing some of his own work. Following this event, Stern’s accountant booked an additional entry debiting receivables and crediting sales in the amount of $700,000, more than doubling the accounts receivables account. As an explanation, he claimed that the entry represented December sales omitted from the accounting records. Additionally, while auditing inventory, Touches’ auditor discovered several errors, which caused the inventory record to be overstated by more than $300,000, an overstatement of 90%.Also, while auditing payables, more errors appeared and the auditor discovered that the company had improperly pledged the same assets as collateral for several bank loans. We should also consider the absence of a strong regulatory system at the time as well as the old acquaintance and good relationship between the firm and the client as red flags, which may have led the auditing firm to under-evaluate the risks of the audit. This case led to a long legal battle between the defendant Touche Niven & Co. , and the plaintiff Ultramares Corporation.In the first ruling, the jury found the audit to be negligent but not fraudulent; however, the judge set this finding aside based on the doctrine of privity, which protects auditors from third party suits. Essentially, this ruling states that in common law, only parties of the contract or relationship in place should be allowed to sue and claim damages. Other parties that used the information in the audit report to make decisions did not have an explicit contractual agreement with the auditors. Therefore, a third party could not sue the auditor for damages if the audit report was misleading and caused the third party to lose money.The SEC of 1933 did not hold auditors l egally responsible to these third parties. As we can see, auditing rules have changed quite substantially from the 1920s to today. Following this ruling, the plaintiff appealed the ruling where an intermediate appellate court reinstated the negligence verdict stating that by offering an unqualified report, Touche Niven & Co. had an obligation to Ultramares since they relied on this information to base their decision of lending money to Fred Stern & Co. Finally, Touche Niven appealed the ruling which as a result brought the case to the New York Court of Appeals where a final decision was established.In a unanimous decision, the court, led by Judge Benjamin Cardozo ruled the defendant not guilty based on the same conclusion from the first ruling. He stated that the law should not admit â€Å"to a liability in an indeterminate amount for an indeterminate time to an indeterminate class. † He believed that Touche, Niven was not guilty to third parties because its relationship was with Fred Stern & Co. period. It is important to mention that judge Cardozo went on to criticize the accounting firm for its audit of the Fred Stern Co.financials and that had they sued on basis of gross negligence, they would have been successful. Distinction being the fact that blindly giving assent is as bad as committing fraud. To reiterate, the difference between negligence (which they sued for) itself and gross negligence is in fact a relationship that exist between the parties in dealing. This case established that an auditor could be sued by a primary beneficiary for damages from negligence. A primary beneficiary is a party that has a direct benefit from the audit.Non-privity parties could also sue for gross negligence. This increased the auditor’s legal exposure to third parties. The SEC of 1934 reflected these changes and many others; one significant change was that auditor’s had a much higher litigation risk due to their new responsibility to third parties. The audit report in the 1920’s was very basic. The audit report was titled the â€Å"Certificate of Auditors† and said that the auditors had examined only the balance sheet accounts and these accounts were in line with the explanations and information given to the auditors.It then said that the statement presented a true and correct view of the financial condition of the company. This is very different from the audit report used today. Today, the audit report is much more detailed to help auditors avoid liability. Instead of simply examining the balance sheet, now we audited the balance sheet, income statement, statement of retained earnings and cash flows. Beyond just simply stating that the accounts are in line with the explanations and information received, auditors state that we conduct the audit in line with Generally Accepted Auditing Standards and explain what this means.In the 1920’s, where the audit report would have said that the statements present a t rue and correct view of the financial condition of the company, the report now state that the statements present fairly, in all material respects the financial position of the company, and that the operations and cash flows are in line with Generally Accepted Accounting Principles. Many changes in the auditing profession have required these changes to avoid confusion from financial statement users.The decision of extending the liability of auditors to third parties had impacts on all parties involved in an audit (accounting firms, audit clients and third-party financial statement users). The question of whether the auditors are responsible for â€Å"socializing investment losses† became important. â€Å"Socializing investment losses and privatizing profits† can be defined as † how businesses and individuals can successfully benefit from any and all profits related to their line of business, but avoid losses by having those losses paid for by society.Privatizing p rofits and socializing losses suggests that when large losses occur for speculators or businesses, they are able to successfully lobby government for aide rather than face the consequences of said losses. â€Å"1 In other words, when losses are occurred by the investors or creditors of an audit client, the auditors would be as liable to them as the audit client itself to compensate for the losses occurred due to misrepresentations on the financial statements or in case of fraud. This is basically what extending the liability of auditors did.The changes in the SEC of 1934 and the new laws that arrived after that, forced certain changes to the way the auditors had to approach their work. It is now their responsibility to ensure that the work being done is enough to provide a high level of assurance to all the users of financial statements. This means ensuring that they do their due diligence, in case that there is misrepresentations in the financial statements audited or fraud and th at they are being sued for gross negligence. The auditors would have to prove that they did the work necessary to provide that high level of assurance.The auditors would also have to be more careful when choosing their audit clients as they cannot chose anyone they are already doing consulting for (remain independent). However, the fact that the consulting firms and auditing firms are now separate for the same client eliminates the â€Å"lowballing† of audit fees. The change to the liability of auditors also impacted the audit clients because they are no longer the only one responsible in case of misrepresentations if the financial statements. However, since the auditing firms no longer â€Å"lowball† their fees, the clients will now have to pay more for the same audit.The change also impacted the third-party financial statement users. They now have more peace of mind when it comes to the information they are reading since they know the auditors know that they have to keep them in mind when doing their audit. This fact is enforced by the idea that the third-parties now have insurance from the auditors that if any misrepresentations occur in the financial statements that incurred losses for the investors or creditors of the audit client, they can now recover some (or all) of it by suing the auditors for gross negligence.The decision of extending the liability of auditors to third-parties was made by courts. This brought up the question: Who should have the authority to chose who should socialize the investment losses? Since the accounting profession is supposed to be self-governing, this question is valid. The Canadian Institute of Chartered Accountants (CICA) is the association responsible of their members when they break the code of conduct in Canada. It hands penalties to the members but also sets guidelines as to what is ethically expected of them. However, they do not have the authority to serve as a court because they are not considered impa rtial.An argument can be made to say that the government should protect the investments. The government can do such a thing by developing laws that will help the courts make their decisions. An example of the government making a law to help determine who is responsible in case of fraud would be Bill C198 (the equivalent of Sarbanes-Oxley for Canada). Since it is the courts' duty to â€Å"uphold the rule of law (†¦) and enforce laws in a fair and rational manner†2, it is their responsibilities as impartial party to determine who is responsible for the losses occurred in cases of fraud.When conducting an audit, auditors must ensure always ensure that any and all information influencing third party user’s decisions is included in the financial statements and/or attached notes. To ensure this, the auditor must determine these users. Knowing and understanding the third party users will inform the auditor of management’s desired results and will therefore enable the auditor to conduct the audit more efficiently.For example, a company who is looking to secure new loans will want to minimize the current debt on their balance sheet as well as show a high working capital ratio to ensure their creditors will loan them the desired financing. Contrary to this example would be companies entering the stock market. With the launch of an IPO, companies want to show profitable results as well as increasing growth to ensure a high stock price. This is especially true for companies whose loans are secured by their stock (i. e. Enron with its stock trigger).This stage of the audit planning must be completed/updated every year since management’s goals may vary from year to year. The auditor will then use management’s biases to organize the audit. More experienced auditors will work on the â€Å"riskier† accounts, whereas newer employees will work on the â€Å"less risky† accounts; thus explaining why the junior accountant will b e responsible for auditing the cash section while the senior auditor might work on deferred revenues for a company receiving all of its revenues through exterior funding.Knowing and understanding the third parties’ needs will ensure a more efficient audit. However, even with all improvements made to the accounting world, cases like these still happen today. In a recent case involving a very reputable accounting firm, Ernst & Young, audited fraudulent financial statements of Sino-Forest made their way to the public. Evidently, this led to many losses, specifically for Sino-Forest’s shareholders who investment decision was based on the company’s financial statements.During their audit, Ernst & Young failed to discover that management â€Å"materially overstated the size and value of its forestry assets†. 3 Ernst & Young had to pay a $117M settlement of a shareholder class-action lawsuit. 4 Due to cases like these, changes are continuingly made to auditing s tandards to adopt when new issues surface. The case brought up a possible change: the inclusion of the third party users in the audit report. Evidently, clients would be resistant to this change as it would limit their options.If a client discovers later on in the year a shortage of cash but did not mention a creditor in the audit report, creditors might not want to finance their activities solely on that basis. Furthermore, due to the importance and the quantity of users relying on the financial statements, enumerating all of them in the audit report would be impractical and unnecessary. Auditors need to remain diligent when conducting their work and limiting their responsibilities’ to a specific number of individuals would not benefit the public.We would not want another case like this one to enable an auditor to conduct a negligent audit without suffering the necessary repercussions. In conclusion, the accounting world is an ever evolving practice. New rules and regulation s are approved every year when loopholes are discovered and abused. The accounting profession has surely matured since the 1920s. Who knows what other changes will be made in the future. Maybe auditors will need to disclose a summary of all unadjusted misstatements or even need to create a different audit report for every different user.

Macbeth Essay - 856 Words

2012 MacBeth 5 Paragraph Essay A Tragic Tale of Ambition A Play By: William Shakespeare ENG-3UR As Shakespeare s tale of tragic ambition Macbeth progresses, Lady Macbeth undergoes a metamorphosis moving from a stable, loving wife, into a power hungry woman driven to madness by her own obsession for complete control. Although when the question who is ultimately responsible for Duncan s death is asked, many will point the finger at Lady Macbeth. While she played a role in manipulating and deceiving Macbeth into committing the first act of evil in the book, we are all given free will and with that it was ultimately his final decision to kill Duncan. In the beginning it started with Macbeth being given the†¦show more content†¦In Act 1 scene 5 when Lady Macbeth says Come, you spirits That tend on mortal thoughts, unsex me here and fill me, from the crown to the toe, top-full of direst cruelty (Shakespeare, I,V,41-44)! She was asking for them to make her strong, to take away her morality and in its place leave pure cruelty. When Macbeth finally returned home to his wife she already had a plan to kill Duncan so that Macbeth would be king and more importantly she would be queen. As much as Macbeth tried to plea with his wife not to kill the king, that they had what they needed and the king had just recently honoured him by giving him the title of Thane of Cawdor. However no words could change her mind. It was not until she questioned his manly hood by saying in Act 1 scene 7 What beast was t then that made you break this enterprise to me? When you durst do it, then you were a man; and, to be more than what you were, you would be so much more the man (Shakespeare I,VII,53-57). At this point Macbeth felt like he had no other choice but to please his wife, so he agreed to the plot to assassinate Duncan and with that threw away any morality he had left in him. While Lady Macbeth might have been the driving force behind the assassination, it was ultimately Macbeth who chose to kill Duncan. While it might not have been clear in the beginning he had a deeper thirst for power than his wife which is prominent inShow MoreRelatedMacbeth Essays : Macbeth 1064 Words   |  5 PagesMacbeth Analytical Essay In life, there are two types of people: those who do the right thing and those who don’t. In the play Macbeth, by Shakespeare, the main character Macbeth is given a prophecy by three witches that says he will become king; however, there is no descending line of kings of his own blood. With the knowledge of the Witches’ prophecy, Macbeth’s ambition, and manipulation from his wife, Lady Macbeth, Macbeth is quickly dragged into a never-ending, bloody murder rampage to obtainRead MoreMacbeth Essay819 Words   |  4 PagesMacbeth Essay In Shakespeare’s play Macbeth, Macbeth undergoes many psychological tribulations. There is no doubt that he is insane, but the specifics of his conditions help explain the peculiarities of the play. Macbeth’s character was perhaps the culmination of all the psychological disorders known at Shakespeare’s day. He experienced disorders such as split personality, schizophrenia, and post traumatic stress. These disorders could be caused by stress on the battlefield and a poor spousalRead MoreMacbeth Essay1706 Words   |  7 PagesCorradi ENG 3UE-01 Tuesday, May 19th, 2015 The Demise of Noble Macbeth Credited as one of William Shakespeare’s bloodiest and darkest works, The Tragedy of Macbeth is an emotionally tense, gripping play about loyalty, betrayal and ambition. Blinded by his vaulting ambition and encouraged by his wife, Macbeth attempted to remove the obstacles preventing him from being king; these obstacles happened to be other characters in the play. Macbeth accepted the prophecies of witches as a guide for what wouldRead More The Guilt of Macbeth and Lady Macbeth Essay814 Words   |  4 PagesThe Guilt of Macbeth and Lady Macbeth Guilt is a very strong and uncomfortable feeling that often results from one’s own actions. This strong emotion is one of the theme ideas in William Shakespeare, â€Å"Macbeth†. Both Macbeth and Lady Macbeth feel guilt, but they react in different ways. Guilt hardens Macbeth, but cause Lady Macbeth to commit suicide. As Macbeth shrives to success guilt overcome’s Macbeth where he can no longer think straight. Initially Macbeth planned was to kill Duncan but itRead More The Guilt of Macbeth and Lady Macbeth Essay1709 Words   |  7 Pages     Ã‚  Ã‚  Ã‚   Characters in the Shakespearean tragedy Macbeth scarcely feel guilt - with two exceptions: Macbeth and Lady Macbeth. In this essay lets consider their guilt-problem. In his book, On the Design of Shakespearean Tragedy, H. S. Wilson comments regarding the guilt of the protagonist: It is a subtler thing which constitutes the chief fascination that the play exercises upon us - this fear Macbeth feels, a fear not fully defined, for him or for us, a terrible anxiety that is a sense ofRead MoreComparing Macbeth and Lady Macbeth Essay1845 Words   |  8 PagesA Comparison of Macbeth and Lady Macbeth  Ã‚   To understand Shakespeare’s tragic play, Macbeth it is necessary to fully comprehend the characters of Macbeth and Lady Macbeth. The differences between Lady Macbeth and Macbeth are profound. Over the course of the play, Shakespeare skillfully changes the role of the two characters. Macbeth is frightened at the beginning then confident at the end while Lady Macbeth confident at the beginning and frightened at the end. At the beginning of theRead More Macbeth Essay3374 Words   |  14 Pages Macbeth is an epic tragedy inspiring pity and remorse because the hero, though flawed, is also shown to be human. The play portrays a journey of self-discovery and awareness as both Macbeth and Lady Macbeth pass from happiness to misery. Their punishment is well deserved but the retributive price is enormous. Evil, both internal and external corrupts their minds, distorting their positive traits and exaggerating their worst. Both fall victim to ‘vaulting ambition’, pride and greed, tempting themRead MoreEssay on The Character of Macbeth from Macbeth1960 Words   |  8 PagesMacbeth from Macbeth      Ã‚  Ã‚  Ã‚   In William Shakespeares tragedy Macbeth we find a guilt and fear-ridden usurper of the throne of Scotland. Let us study this character in this essay.    A.C. Bradley in Shakespearean Tragedy paints a portrait of Macbeth:    Macbeth, the cousin of a King mild, just, and beloved, but now too old to lead his army, is introduced to us as a general of extraordinary prowess, who has covered himself with glory in putting down a rebellion and repelling theRead MoreEssay about Macbeth1001 Words   |  5 PagesShakespeare’s ‘Macbeth’? The first time we hear the statement is very early in the play when the witches say the exact line quot;Fair is foul, and foul is fairquot; only for Macbeth himself to repeat it very closely two scenes later. This repetition of the lines shows me that the characters themselves believe that there are many foul events taking place. In this essay I will endeavour to prove that the above statement doesn’t express ‘Macbeth’ thoroughly. Firstly I will show the fair Macbeth himselfRead MoreEssay on Lady Macbeth1109 Words   |  5 PagesThroughout the tragedy of Macbeth we observe two people on their attempt to gain power and glory through various foul actions. It can be argued that Lady Macbeth is the one responsible for triggering a slippage into this inevitable situation that led to their descent. From the moment Macbeth became aware of his â€Å"fate† Lady Macbeth started forming her own imaginary world in which her evil plans seemed likely to be effective. The thought of she and her husband being royalty makes her dismiss rationality