Auditing and Accounting Ethics Essay Example | Topics and Well Written Essays - 4250 words

Auditing and Accounting Ethics - Essay Example The act suggests undertaking continuous rotation of audit partners. It also emphasises increased financial reporting and imposes limits on certain non-audit services. The Sarbanes-Oxley act suggests reducing the economic interdependence of auditor and client. The economic rent provided to the auditors can only be gained as a result of long lasting relation ship between the auditor and the client, this condition in turn acts as a hindrance in the way of auditor to act independently. The threat of lawsuits often act as a motivator for the auditors to act independently as inefficient or unfair performance can result in shape of judicial action against auditors. In most of the studies undertaken it has been observed that the higher degree of threat to the auditors independence leads to authentic opinion. Its also found that auditor does not tend to change their decision with the varying degree of independence but change the decision process. i) Difference in the social and cultural value s: Standard setting is a crucial process, which includes change. Some societies have open and flexible culture, which keeps on transforming with the time. But on the other hand closed societies have relatively rigid culture. The acceptance level of change in these societies is very low. In the case of the global harmonisation of standards a country adopting the International standards cannot complete the picture. In most of the studies undertaken it has been observed that the higher degree of threat to the auditors independence.

Auditing and Accounting Ethics Essay Example | Topics and Well Written Essays - 4250 words

Auditing and Accounting Ethics - Essay Example The act suggests undertaking continuous rotation of audit partners. It also emphasises increased financial reporting and imposes limits on certain non-audit services. The Sarbanes-Oxley act suggests reducing the economic interdependence of auditor and client. The economic rent provided to the auditors can only be gained as a result of long lasting relation ship between the auditor and the client, this condition in turn acts as a hindrance in the way of auditor to act independently. The threat of lawsuits often act as a motivator for the auditors to act independently as inefficient or unfair performance can result in shape of judicial action against auditors. In most of the studies undertaken it has been observed that the higher degree of threat to the auditors independence leads to authentic opinion. Its also found that auditor does not tend to change their decision with the varying degree of independence but change the decision process. i) Difference in the social and cultural value s: Standard setting is a crucial process, which includes change. Some societies have open and flexible culture, which keeps on transforming with the time. But on the other hand closed societies have relatively rigid culture. The acceptance level of change in these societies is very low. In the case of the global harmonisation of standards a country adopting the International standards cannot complete the picture. In most of the studies undertaken it has been observed that the higher degree of threat to the auditors independence.

Auditing and Accounting Ethics Essay Example | Topics and Well Written Essays - 4250 words

Auditing and Accounting Ethics - Essay Example The act suggests undertaking continuous rotation of audit partners. It also emphasises increased financial reporting and imposes limits on certain non-audit services. The Sarbanes-Oxley act suggests reducing the economic interdependence of auditor and client. The economic rent provided to the auditors can only be gained as a result of long lasting relation ship between the auditor and the client, this condition in turn acts as a hindrance in the way of auditor to act independently. The threat of lawsuits often act as a motivator for the auditors to act independently as inefficient or unfair performance can result in shape of judicial action against auditors. In most of the studies undertaken it has been observed that the higher degree of threat to the auditors independence leads to authentic opinion. Its also found that auditor does not tend to change their decision with the varying degree of independence but change the decision process. i) Difference in the social and cultural value s: Standard setting is a crucial process, which includes change. Some societies have open and flexible culture, which keeps on transforming with the time. But on the other hand closed societies have relatively rigid culture. The acceptance level of change in these societies is very low. In the case of the global harmonisation of standards a country adopting the International standards cannot complete the picture. In most of the studies undertaken it has been observed that the higher degree of threat to the auditors independence.

Performance and Reward Management Assignment Example | Topics and Well Written Essays - 3000 words

Performance and Reward Management - Assignment Example The above issue is critically discussed in this paper. Reference is made particularly to the potential decrease of the payroll costs without the corporate plans to be affected. The reward practices, as a tool for supporting employee motivation, are analytically explained because of their high contribution in the increase of payroll costs. Particular emphasis is given on the problematic relations between the reward policies and practices since the above problems can negatively affect the payroll costs of organizations. A series of studies related to the issues under discussion have been studied. It is made clear that the limitation of payroll costs, as a strategic target of firms in different industries, is feasible; however, it is not clear whether the above finding involves in all organizations or whether there are organizations where the limitation of payroll costs is more difficult – especially when the need for increased profits, even in the short term is high and the limi tation of payroll costs would negatively affect such effort. In any case, the decrease of payroll costs should be adopted by all organizations, which are interested in establishing a long-term growth. The use of specific strategies, as indicatively suggested below, could help these firms to be protected from failures in their plans, as a potential consequence of the limitation of payroll costs across their departments. 2. Reward policies – role and forms In everyday business practice, the term ‘reward’ is used instead of the terms ‘salary’ and ‘wages’ (Cowling et al. 1998, p.173). In other words, the particular term is used in order to show all the potential benefits of an employee from his work in a specific organization. Moreover, the term reward can include both the monetary and the non-monetary benefits of employee in the workplace (Cowling et al. 1998, p.173). It should be noted that reward, as described previously, is part of a gre ater framework, the reward system, which has specific structure and rules as explained below. Moreover, in the context described above, reward can affect the payroll system of each organization (which under these terms is considered equal to the reward system). For this reason, the evaluation of the potential limitation of the payroll costs of a particular organization requires the reference to the reward system of the specific organization. The reward system of each organization can be differentiated, in accordance with the organizational culture and goals but also with the resources available for the realization of the relevant plans. In accordance with Armstrong (2007) the reward system established in modern organizations is likely to include a series of policies and practices, as for example: a) a reward strategy including the future plans of the organization regarding the payroll of employees, b) a reward strategy that refers to the terms on which the payment of employees in va rious organizational departments is based – compared to the average salary of employments within the same industrial sector; the particular strategy needs to be based on the relevant provisions of the law – referring both to the type of the reward given to each employee but also to the level of the reward, c) a reward practice referring to the techniques used for estimating the effectiveness of job evaluation techniques – as developed within the local or the international