Tuesday, February 18, 2020

Change of Audit Regulations in the UK and the Republic of Ireland Research Paper

Change of Audit Regulations in the UK and the Republic of Ireland - Research Paper Example The primary objectives of APB are to establish high standards of financial auditing, assess & meet the continuously developing need of end users of the financial information and to achieve confidence of the public in the auditing process of the nation. The Financial Reporting Council (FRC) is established primarily to support the confidence of investors, the market and the general public in the financial & corporate governance of listed companies & such other entities. FRC is accountable to monitor, enforce & govern compliance to the auditing standards developed and published by APB. APB supports FRC by setting high-quality standards & guidelines to achieve high performance of external audits by external auditors by virtue of their independence, objectivity and integrity. APB is also accountable to enhance the public understanding of  the roles & responsibilities of external auditors. APB is also accountable for recommending essential changes in the audit regulations which are later communicated via their free newsletters published through their website. Looking back in the History, UK Auditing Standards were originally developed by the Accounting Practices Committee (APC) that were established in 1976 and were in operation till 1991. In 1991, the Consultative Committee of Accountancy Bodies (CCAB) established the Auditing Practices Board (APB) that took over the accountability to develop & publish the Auditing Standards of UK and Republic of Ireland. APB was taken over by the Financial Reporting Council (FRC) in 2004 such that it became a subsidiary board of the FRC. Since December 2004, after FRC has taken over APB, the audit standards in the UK & Republic of Ireland are being adopted from the consultation by the International Auditing and Assurance Standards Board (IAASB). The Standards thus published are the International Standards modified to be applied in UK & Ireland and hence are named as ISA (UK & Ireland).

Monday, February 3, 2020

Parental rage and violence in youth sports Research Paper

Parental rage and violence in youth sports - Research Paper Example Such type of violence is often seen through brawls and fistfights involving parents, children and coaches. These incidents have disrupted youth leagues. Moreover, these brawls and similar incidents end up being controlled by the police and forced into settlement and exchange of apologies among the opposing parties. However, other incidents end up with criminal prosecution. Nevertheless, regardless of how these brawls and other acts of sports rage and violence end up, what is sad is that they often disrupt schoolchildren especially preschoolers. There was even one incident where the umpire’s decision has left more than twenty parents and coaches swinging punches at each other in the field, much to the curiosity and amazement of the preschoolers who were watching and who thought that â€Å"the adults were [merely] entertaining them by staging a wrestling match† (Abrams 259). What is harmful about this is that children exposed to parental rage and violence will somehow ten d to learn that such fights are normal and that it is perfectly all right that people fight if they believe that they are right. What children should learn at an early age is humility and diplomacy in order for them to grow up into individuals who will foster peace. However, sports rage is teaching them otherwise. People who are involved in sports rage and violence usually end up with hurt feelings as well as physical problems like cuts, bruises, and other forms of physical injuries including split lips. However, some would end up in something much worse like the forty-year-old father of four who was beaten by another father of the opponent team in a hockey game. The attacker simply thought that the victim’s son had played against the former’s son too roughly during the game. After a series of punches, kicks and wrestles, the victim lapsed into a coma and immediately expired after removing life support (260). Moreover, what is even worse is that the victim’s chi ld was subpoenaed in order to testify in his father’s behalf (Fiore 114). One could therefore only imagine the amount of pressure that the child has to undergo after being exposed to testify against or in favor of his own violent father. The mental and emotional trauma that the child experiences will most likely remain with him for a long time, or even for the rest of his life. One can therefore only imagine its negative consequences on the child’s personality as he grows up. Another negative effect of parental rage is the consequent unavailability of good coaches. In fact, it is interesting to note that many youth sports programs do not have qualified referees and umpires because they cannot find any adult who is â€Å"willing to endure abuse from parents and coaches† (Abrams 261). This lack will most likely further the negative consequences of youth sports and violence as assigned coaches will not have the skill to handle conflicts that may arise. Ultimately, it is the children again who would be on the receiving end of the negative consequences of such problems. According to Abrams, a dozen states have already enacted laws against assaulting coaches and officials of youth sports groups and the purpose of this is to enforce the law in order to restrain parents and coaches from creating an outrage and from physically hurting each