The European Commissions Proposal Essay Example | Topics and Well Written Essays - 1250 words

The European Commissions Proposal - Essay Example To alleviate the danger of any impending conflict of interest owing to an acquaintance risk, the European Commission in its report has proposed that all publicly listed companies will have to obligatorily alter their auditor after each six years in case they had employed one auditor to execute the audit process, and after each nine years when two auditors were employed to perform the audit (Berger, 2012).This proposed reform is said to have a number of advantages in context of dealing with issues like conflict of interest and in so doing enhancing the quality of audit. The major advantage expected from this reform is the reinforcement of professional skepticism. In cases where the auditors have a long standing association with the company, it is likely that there would be dilution of professional skepticism. In view of the close relationship with their clients, auditors might develop a tendency to overlook areas of concern owing to their depending association with the management, whi ch might hamper the actual independence of the auditors. Various researches have opined that the major rationale for the detrimental audit quality comprise of the personal long term association amid the company’s management and the auditor, the amalgamation of consulting as well as auditing services, in addition to the auditor’s objective of preserving the assignment (Myers, Myers & Omer, 2003). The mandatory rotation of audit would elevate the fear of public exposure in case of any discrepancy. and hence the quality of audit would consequently improve. Another potential advantage of the obligatory audit rotation is that the clashing dissimilarities of judgment amid management and the auditor are not hazardous to the auditor if a rotation is planned in the coming future anyway. Reviews have confirmed the widespread expectation that consequent to this new reform

Routine business message Essay Example | Topics and Well Written Essays - 250 words

Routine business message - Essay Example As you know, language services require a lot of commitment in terms quality and creativity. Our passion towards the work we do have gained us a lot of loyal customers in Memphis which makes us the largest player in terms of market share. Our market survey of the southeast region suggests that there is huge demand for language services in 10 other cities. There have been remarkable changes in the cultural diversity of the population and professional capacity of these cities and there is increasing demand for language support in these cities. Our feasibility studies suggest these cities as open market and it is predicted that within the first year of operation we will be able to gain more than ninety percent its market share. WorldConnect Language Services would like its promoters to align with its policy of ethical practice. We would like our investors to be individuals who are looking to be a part of a professional group that passionately looks out for quality. We believe that profits will automatically follow. We extend you the opportunity to be a part of our growth. As we expand to 10 other cities in the southeast, we have designed attractive investment options for selected individuals whom we feel can be a part of the ethics that we follow. We request to have an appointment with you at your convenience any time within the next four weeks so that we can give further details on the investment options. Please let us know a date and venue of your