Confucianism - 735 Words

What is the ideal person supposed to be or do? In any religious system, this is always the paramount question. Confucianism itself is not a religion, per se, but a set of first principles of social organization and behavior, so there are no larger otherworldly implications to the Confucian plan for humanity. For Confucius, life consists of ethical principles: the central problem with humanity is anything which exacerbates human tendencies towards social disharmony. The Confucian system is one in which social order is paramount: Douglas Soccio defines Confucius not as a religious figure or philosopher per se, but as the social sage (Soccio 33). Confucius offers no prescriptions about deities or the afterlife, but instead gives rules of conduct in essence a manual of etiquette, which manages to raise etiquette to the level of a Kantian moral imperative which results in the larger set of ethical precepts that comprise the teachings of Confucius. For Confucius, the goal for every human b eing is to live in greatest harmony within society, which means adhering to specifically-defined social roles. In some sense, Confucianism is not a religion but it places its most reverent attitudes towards the idea of education Confucius himself is presented as no more than a teacher (of right behavior, of rules of conduct, more than a teacher of moral inquiry) and good education is central to the Confucian concept of good behavior and for its fairly circumscribed sense of any the largerShow MoreRelatedConfucianism : Taoism, Confucianism, And Confucianism1156 Words   |  5 PagesRaymond Cho EALC 350 October 29, 2014 Professor Birge Which philosophy: Taoism, Confucianism, or Legalism would be best in your opinion for maintaining a peaceful society? Why? Perhaps there is no single philosophy that can create a truly peaceful society. The conundrum of choosing a philosophy to embody a peaceful society is rather complicated, as the ideologies of the philosophies often differ greatly from their real world application. Debates over ideologies can create global scale problemsRead MoreChristianity And Confucianism : Confucianism2203 Words   |  9 PagesChristianity and Confucianism Christianity and Confucianism are important religions today at least according to the Chinese. As a result, the rising influence brought about by Confucianism in China tends to trigger conflicts between the two religions. The Chinese society is greatly influenced by Confucianism, which has a considerable impact on Christianity as a religion in China. The modes of thinking associated with Confucianism are evident in the Chinese Christianity, but Confucianism ideas are deeplyRead MoreConfucianism, Taoism, And Confucianism1277 Words   |  6 Pagesmain philosophies: Confucianism, Taoism, and Legalism. These beliefs helped shape Chinese culture as well as Chinese history. Not only did people believe in these ideas, but the three helped to govern the mighty Chinese dynasties. These dynasties all provided an impact to each doctrine; the philosophy that had the greatest impact was legalism because it ended the Warring States Period, provided structure, and strengthened agriculture, and the military of China. Although Confucianism, Taoism and LegalismRead MoreA Short History Of Confucianism And Confucianism1196 Words   |  5 PagesProfessor Dimick 23 November 2014 A Short History of Confucianism Confucianism is a way of life propagated by the Chinese philosopher Confucius in the 6th–5th century BCE, and it has been followed by the Chinese for more than 2000 years. Although Confucianism as changed over time, at its core, it is still places the same emphasis on the substance of learning, the source of values, and the social code of the Chinese. Additionally, the influence of Confucianism has extended to other countries such as KoreaRead MoreDifferences Between Confucianism And Confucianism1084 Words   |  5 Pagesphilosophies were similar, like their beliefs about man and society; their ideas were a little bit different and each had their own focus. The difference in focus between Confucianism and Taoism is that Confucianism was focused on having a structured society. It held as a principle the brotherhood of humanity. The opinion of Confucianism in humans was that for humans to live in harmony with each other there needed to be a type of hierarchy in place. That†™s why he had the five Confucian relationships inRead MoreEssay on Confucianism1052 Words   |  5 PagesConfucianism What is Confucianism? Confucianism was the single most important thing in Chinese life. It affected everything in China; education, government, and attitudes toward behavior in public and private life. Confucianism is not a religion, but it is more a philosophy and a guide to morality and good government. The Laozian and Mohist critiques of the Confucianism are both in an accurate fashion. Most significant value from Lazi is The Tao Te Jing. It is true that, while ConfucianismRead MoreEssay on Confucianism2000 Words   |  8 PagesConfucianism A philosopher named Confucius founded Confucianism in China 2,500 years ago. Confucianism is a system of ethical behavior and social responsibility that became the great traditions of the East.1 It played an important role in the evolution in Chinese culture over the centuries. It has influenced near-by countries and had made a mark in the history of religion. There are today over six million people who call themselves Confucianists. Most Confucianists live in East Asia whereRead More Confucianism Essay2049 Words   |  9 Pages Confucianism Mencius vs Hsun Tzu nbsp;nbsp;nbsp;nbsp;nbsp;Is man naturally good or is he evil? This question has not only been pondered by countless philosophers, but also by religious leaders around the world. Most often a single religious faith believes in either one or the other, and often these beliefs tend to create a certain world-view which dictates much of the faith. However, in some cases such as the one I will be discussing, two religious dignitaries do not agree and the repercussionsRead MoreContributions Of Confucianism1034 Words   |  5 PagesConfucius was a great Chinese philosopher, but he was also a teacher, editor, and politician. He was born on September 28, 551 BC, and died in 479 BC. He was most well known as Confucius, but his real name is Kong Qiu. After his death, Confucianism became the official imperial philosophy of China. Later after his death, he was regarded as a sage who deserved greater recognition, and his teachings became more popular. He accomplished many great things in his life, and died a successful man. Read MoreIs Confucianism A Religion?1595 Words   |  7 PagesIs Confucianism A Religion? Without a doubt, Confucius is regarded as one of the greatest sages of China history. Some people even refer to him as a deity. There have even been attempts to make Confucianism into a religion. However, present day people regard Confucius as an ethical teacher rather than a man of religious faith, and they refuse to believe that Confucianism is a religion. However, in order to determine whether Confucianism is a religion, the most important Confucian text, The Analects

BTEC Unit 1 Assignment 2 - 6164 Words

BTEC Unit 1 Assignment 2 Cardiovascular System and Respi ratory System Ho Wai Chin (Jasmine) The Cardiovascular system The cardiovascular system is also known as the circulatory s ystem. It is made up of the heart, blood vessels and blood ce lls. is a network of blood vessels supplying the body with o xygen and nutrients, while removing carbon dioxide and wa ste. Our skin, bones, muscles, lungs, digestive tract, and nervous , endocrine, lymphatic, urinary, and reproductive systems us e the cardiovascular system as a transportation route for dist ribution of nutrients, oxygen, waste products, hormones, dr ugs, etc. (Adams et al, 2010)(Boundless, 2014) Heart The heart is situated in the left-hand side of the chest below the sternum. The†¦show more content†¦The superior vena cava and inferior vena cava are veins t hat receive deoxygenated blood from the body to empty the m into the right atrium of the heart. The superior vena cava receives blood from the upper body while the inferior vena cava receives blood from the lower body. (Adams et al., pg. 22) Pulmonary Artery and Vein The pulmonary artery carries deoxygenated blood from th e right ventricle of the heart to the lungs. It is the only artery in the body that carries deoxygenated blood. The pulmonary vein carries oxygenated blood from the lun gs to the left atrium of the heart. It is the only vein in the bo dy that carries oxygenated blood. (Adams et al., pg. 22) Blood Vessels There are around 96,000km of arteries, arterioles, capillaries , venules and veins in the body that maintains blood circulati on in the body. These blood vessels have different structures due to their functions and the pressure of blood within them. Blood flowing through the arteries appear bright red due to i ts oxygenation. The blood drops off oxygen and takes up car bon dioxide at the capillaries. When it has reached the veins it is much bluer due to its low concentration of oxygen. (Adams et al., pg. 22) Vein Arteries Venuoles Towards the heart Arterioles Capillaries From the heart Image: http:// www.bbc.co.uk/schools/gcsebitesize/pe/images/capillaries.gif Arteries Arteries carry blood from the heart and they carryShow MoreRelatedResearch: Scientific Method and Social Care1464 Words   |  6 PagesAssignment front sheet Qualification Unit number and title BTEC L3 : Health and social care Year 1 Unit 22: Research Methodology for Health and Social Care Learner name Assessor name Nadia Anderson, Shauna Silvera Date issued Deadline Submitted on September 2013 (Individual issue dates set throughout the year) July 2014 (Individual deadline dates set throughout the year) Assignment title Research Methodology for Health and Social Care In this assessment you will have opportunities to provideRead MoreStrategic Management and Leadership Skills1089 Words   |  5 PagesBTEC assignments 2011  ©LAHE This assignment is a part/whole unit assessment activity BTEC – Level 7 Advanced Professional Diploma in Management Studies Assignment Brief UNIT TITLE: Developing Strategic Management and Leadership skills Assignment: Tutor: Date Set: Date of Submission: Instructions: Mr Tayo Tewogbade March 2011 17th April, 2011 Answer all questions Learning outcomes and criteria covered by this assignment 1. Understand the relationship between strategic management and leadershipRead MoreUnit 13 – Investigating Recruitment and Selection1655 Words   |  7 PagesBTEC National Business Management Unit 13 – Investigating Recruitment and Selection Assignment 1 (P1):- Recruitment planning You are an administration assistant at Ashton Consultants. You have been asked to prepare a report (using the correct format) outlining how Alton Towers and Ashton 6th Form College plan recruitment using internal and external sources. You should structure your report as outlined below in task 1. This assignment assesses: P1 Identify how two organisations planRead MoreUnit 8 P1 and M11566 Words   |  7 Pagesï » ¿Assignment brief – QCF BTEC Assignment front sheet Qualification Unit number and title Level 3 BTEC National Diploma in Health and Social Care (QCF) Unit 8 – Psychological Perspectives for Health and Social care. Learner name Assessor name Kamila Patrycja Zgadzaj Kwame Attikpoe Date issued Hand in deadline Submitted on 5th December, 2014 15th December, 2014 15/12/14 Assignment title Explain the principal psychological perspectives and assess different psychological approaches to study. InRead MoreIntroduction to Marketing890 Words   |  4 PagesAssignment brief – QCF BTECAssignment front sheet | Qualification | Unit number and title | BTEC Level 3 90 credit Diploma in Business | 3 Introduction to Marketing | Learner name | Assessor name | | Julie Flavell | Date issued | Hand in deadline | Submitted on | | | | | | Assignment title | Market Segmentation | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be foundRead MoreAssignment for Pgd1041 Words   |  5 PagesDetails Course Name Unit number Unit Name Credit Value Lecturer Hand Out Date Hand In Date 11/03/2011 BTEC Advanced Professional Diploma in Strategic Management Leadership (Level7) 9 Managing Corporate Responsibility In The Wider Business Environment 10 A.Ismail ï‚ · This assignment must be completed by all the candidates undertaking Edexcel BTEC Level-7 Advanced Professional Diploma in Management. Reasonable consideration will be given in the case of failure to submit the assignments on time due toRead MoreMr Bashir1338 Words   |  6 PagesBTEC National Certificate in Business Management Unit 18 – Managing a Business Event Assignment 1 (P1 M1): - Role of an event organiser / Organisational and legal requirements You are part of the ASFC student council. The council wants to organise an event for the students and you have been asked to research how events are run by other organisations. You must present your findings in a report format, which needs to be addressed to the Principle. You should structure your report as outlinedRead MoreINDIVIDUAL RIGHTS TO SERVICE USERS Essay971 Words   |  4 Pagesï » ¿FORM 1: Assignment brief – BTEC (NQF) Assignment title Individual Rights in Health and Social Care Assessor Tracey Simpson Date issued 16/09/14 Hand in deadline Duration (approx) 6 hours Qualification covered BTEC First Diploma in Health and Social Care Units covered Unit 8: Individual Rights in Health and Social Care Learning aims covered Learning Aim A: Investigate the rights of individuals using health and social care services Learning Aim B: Examine the responsibilitiesRead MoreStrategic Marketing844 Words   |  4 Pages Final Grade ICBT CAMPUS STUDENT NAME: ___________________________________________________ BTEC REGISTRATION:____________________________________________________ PROGRAMME: Edexcel BTEC Level 7 Professional Diploma in Strategic Management and Leadership UNIT NO/TITLE: Unit 07 / Strategic Marketing Management ASSIGNMENT NO: 1 of 2 Individual Credit Value: 10 Learning Outcomes: * Understand the principles of strategic marketing management Read MoreUnit 2 Assignment P2 P3 M11036 Words   |  5 Pagesï » ¿BTEC Level 3 90 Credit Diploma in Health Social Care Student Name: Date Submitted: Unit: 2.2 Equality, diversity and rights in health and social care I certify that the attached work is original and my own: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Student Signature Assessment Title: Concepts and discriminatory and discriminatory practices Lecturer: Nicky Edwards, Patricia Britto Issue Date: w/c 6th October 2014 Hand in date: 24th October 2014 Criteria 1st Referral Hand in Date

William Shakespeares Hamlet - 1284 Words

Seeking revenge can cause a person to turn insane and blindly seek retaliation. Shakespeare’s Hamlet contemplates revenge throughout the story. Madness and revenge are similar themes in the movie, The Lion King, where the main character, Simba, is faced with the death of his father, leading him to do whatever it takes to seek revenge. This is where madness usually is introduced as a problem within a character, and this problem leads to the character doing things that they don’t usually do, sometimes dangerous things. The fathers of both Hamlet and Simba die, and the only one to blame is someone trusted amongst them. They seek revenge for their father’s unjust deaths. Betrayal, love and loss drive both characters to seek revenge. The death of their fathers leads them to go mad, and this mental state leads to them questioning the motives of close people in their lives. As both stories deal with loss, betrayal and anger, one can easily notice how these stori es share a light and dark side. There’s tragedy in the lives of everyone, even people of high status and royalty. Grief and tragedy can cause even a king to go mad and fill their heart with sadness and anger. There is a dark side within the families of Hamlet and Simba. Hamlet’s father is the king. However, the dark theme is portrayed through his brother, Claudius. Claudius shows his darkness through committing one of the worst crimes, murder. Not only that, but he kills his own brother so he can becomeShow MoreRelatedWilliam Shakespeares Hamlet981 Words   |  4 PagesWilliam Shakespeare is a historic writer that is well known and wrote many plays in his lifetime. In most of his plays, if not all, he has incorporated hidden meanings and messages. The majority of his hidden meanings are controversial topics of his time period. In Shakespeare’s play, Hamlet, the controversial topic that is throughout the play is religion and the afterlife. Afterlife plays a big role in Hamlet and is discussed throughout the play. Multiple authors have written on the topic of afterlifeRead MoreWilliam Shakespeares Hamlet964 Words   |  4 Pagesunsatisfactory situation. In William Shakespeares Hamlet, a characters inability to overcome their weakness due to it being emphasized by their unfortunate circumstance results in their tragic downfall. This is illustrated through Hamlets over thinking, Claudiuss ambition, and Gertrudes naive persona. Hamlets character is one that is very thoughtful and conscious, however some view these qualities as procrastination and over thinking. Even Hamlet himself acknowledges this inRead MoreWilliam Shakespeares Hamlet745 Words   |  3 PagesIn William Shakespeare’s Hamlet, Hamlet is a unique character due to his unpredictability. He is attempting to discover the truth in a way that no other character of Shakespeare’s has done. We find Hamlet in a state of deep melancholy due to the death of his father, as well as the very sudden and lewd marriage of his uncle and his mother. Hamlet is inspired by the player giving the speech about Hecuba witnessing the massacre of her husband, Priam. He goes off on his own, and he is bewilderedRead MoreWilliam Shakespeares Hamlet1482 Words   |  6 PagesIn one of William Shakespeare’s most notorious plays, Hamlet, Shakespeare uses multiple scenes filled with drama to add a certain extreme dimension to the play. In a story filled with drama, such as Hamlet, an author attempts to use intense dialogue and actions in order to invoke personal emotions and feelings in the hearts of the audience. Shakespeare attempted to have the audience feel the pain that Hamlet experienced, sense the feelings of revenge that were deep in the heart of the prince, andRead MoreWilliam Shakespeares Hamlet1308 Words   |  6 PagesWilliam Shakespeare’s play, Hamlet, has deep meaning and sorrow to its story. It has one of the most famous soliloquies ever to be written in theater art, â€Å"To be, or not to be.† At first, reading Shakespeare’s writing seems difficult to understand and be interested in, but as the reader reads on and digs into the roots of the play, it truly grabs the reader’s attention and makes him/her want to know more of the thoughts behind Hamlet. Thus, the story of Hamlet begins and his personality shows throughoutRead MoreWilliam Shakespeares Hamlet 2214 Words   |   9 PagesMadness within: Bipolar William Shakespeare had the uncanny ability to read people then put into words how individuals reacted with one another. His most known playwright is â€Å"Hamlet†. Hamlet leads the opening of the play with grandeur; but, when his father’s ghost of comes to visit him telling of Hamlet’s uncle Claudius killed him. Hamlet schemes a plan pursuing revenge. Hamlet demonstrates depression exceptionally, in the presence of his mother and Uncle Claudius. Shakespeare’s character likely labeledRead MoreWilliam Shakespeares Hamlet Essay751 Words   |  4 PagesWilliam Shakespeares Hamlet Hamlet might well claim to be Shakespeares most famous play because of its language and the charm of its central character. Shakespeare wrote some thirty-eight plays. Taken individuallyRead More William Shakespeares Hamlet Essay1277 Words   |  6 PagesWilliam Shakespeares Hamlet Hamlet has been praised and revered for centuries as one of William Shakespeares best known and most popular tragedies. Based on its popularity, critics alike have taken various viewpoints and theories in order to explain Hamlets actions throughout the play. The psychoanalytic point of view is one of the most famous positions taken on Hamlet.   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Psychoanalytic criticism is a type of literary criticism that analyzes and classifies many of the forms ofRead MoreWilliam Shakespeares Hamlet1172 Words   |  5 PagesHamlet is a complex story that uses many literary devices to help develop the characters in Hamlet. One dominant device is irony. The main plot of the story revolves around irony. Hamlet is a witty character and loves to use irony. Hamlet’s use of irony displays how he insults people, discovers useful information, and reveals his true character. The use of irony in this story helps to add depth to each character, which is why Hamlet is one of Shakespeare’s most complex stories. There are three typesRead MoreWilliam Shakespeares Hamlet Essay2474 Words   |  10 PagesWilliam Shakespeares Hamlet When first introduced to Hamlet he is a character full of pain and confusion, still mourning his father’s death, ‘But two months dead-nay, not so much, not two’.[1] The punctuation here highlights Hamlet’s anguish. Significantly, Hamlet is already portrayed as a misfit, as no one else within the court but Hamlet is wearing mourning clothes; in Shakespeare’s time it would have been worn for at least a year following the death of a king.

Procedures Financial Report Information DIPL †Free Samples

Question: Application Of Analytical Procedures To The Financial Report Information Of DIPL? Answer: Introducation Analytical processes to the financial report information of DIPL can help in developing the plan of audit. This plan of audit can be considered to be a particular guideline that need to be followed at the time of undertaking the audit. In particular, this assists the assessor in maintaining costs of audit at a reasonable level and assists in averting misunderstanding with the clientele. Analytical approach to the financial declarations of the firm DIPL refers to the process of dissemination of the information from the financial declaration of the firm. This process of evaluation can be carried out by utilizing a variety of mechanisms. However, by using an analytical approach of analysing financial declarations, different accountants as well as financial analysts can decipher information in order to help in arriving at vital business decisions. Analytical approach of common sizing helps in analysing the financial declarations to a common reference point. This in turn help in comparing the financial statements in terms of different period of time or else in terms of different corporations. Assessors can take into consideration the different line of items mentioned in the financial report, check their way of reporting. For example, the way of registering items such as net assets or else net liabilities along with owners equity in the financial reporting of the firm and the examine the digression from the normal. Benchmarking that is regarded as an analytical procedure can be utilized for analysing audit plan. Variance of actual financial declaration from the benchmark helps in recognizing the deviation and assists in analysing the cause of the detected variance in order to determine the root cause. In addition to this, ratio analysis can be considered as an appropriate analytical approach that can be used for comparing financial declarations and assessing plan of audit. Explanation of the way the results influence planning decisions for the audit The results of the planning decisions for the audit planning is necessarily influenced by the results of the analytical approach adopted for disseminating information from the financial statements. For example, outcomes of the ratio analysis namely, current ratio of the firm DIPL is calculated to be 1.42 in 2013, 1.46 in 2014 and 1.5 in 2015. Again, profitability ratio that is the profit margin calculated to be 0.068 in 2013, 0.60 in 2014 and 0.06 in 2015. This profitability ratio can reveal the condition of the net income earned by the firm as compared to the net sales of the firm DIPL (Duncan and Whittington 2014). However, this too can help the assessor to understand whether expenses are low or else high and whether the management of the firm have the requirement to curtail budget and at the same time expends of the firm. The favourable or else unfavourable changes in the ratio can be used as a factor of reference for assessment /audit of the soundness of the financial health and overall financial condition of the firm DIPL. Again, for instance, the use of solvency ratio calculated to be 0.62 in 2013, 0.44 in 2014 and 0.21 in 2015 helps in understanding the desirable as well as undesirable trends in the financial condition of the firm. Similarly, comparison of the ratio over the three year period can help in understanding whether the overall flow of cash of the corporation is adequate enough to meet both the short as well as long term liabilities of the corporation DIPL. The assessors can understand the relative position of the firm over the three year period and analyse the factor that led to the undesirable or else unfavourable condition of the corporation (Nalewaik and Mills 2016). Identification of inherent risk factors that arise from nature of business operations of DIPL As such, there are several important factors in auditing that comprises of incidence of material misstatements in the financial announcements of a specific concern. However, it can be hereby make certain that there are different forms of systematic along with unsystematic risks that reflect the way towards financial misstatements in the financial declarations of corporations. However, the detected risks might possibly be due to both financial as well as non-financial factors that eventually can avert a specific corporation for reflecting a true as well as fair view of pertinent financial declarations. Nevertheless, an evaluator might perhaps find it demanding to detect certain risks. William Jr et al. (2016) opines that identified risks may well be linked to different risks correlated to omission along with risks of diverse errors that is unthinkable for a specific bookkeeper. In essence, this can be regarded as the inherent risk that might arise from nature of business operations of DIPL. According to the given study, it can be hereby made certain that there are numerous transactions that are particularly omitted by the accountants otherwise the management of the corporation DIPL. However, this can sequentially direct lead towards inconsistencies particularly owing to the ineffectual planning of essentially the marketing along with sales activities. Furthermore, evaluation of the financial declarations of the firm also reveals the fact that the firm has failed to accomplish the preferred profit level from the revenue from sales (Hayes 2014). Particularly, this might be due to the management failure of the firm in identification of specific requirements and consequent adjustment of the functionalities of the corporation. Thus, it can be hereby concluded that the business organization has failed to analyse different micro as well as macro-economic facets that might perhaps be in existence in the form of economic, political along with social factors. This is subsequently reflected in the poor sales figure of the firm and led to diverse inherent risks (Arens et al. 2016). Apart from this, the workers of the firm DIPL have also escalated the overall inherent risks. Due to lack of experience and proficiency of employees in the corporation, the inherent risks of the corporation have escalated substantially. This is because accomplishment of a specific business concern depends on the competency of the members of the staff. The non-proficient workforces can enhance the inherent risks since they are bound to commit mistakes for instance, the errors of exclusion that further leads the way towards the misstated pecuniary announcements (DeFond and Zhang 2014) Again, other significant facets that contribute towards the inherent risks can be categorised into different sections specifically, environmental along with external facets, material misstatements in previous periods along with falsified exercises. Different environmental facets that direct the way towards inherent risk comprises of swift alterations in which there might be issues associated to valuation of inventory, stiff competition in the generic market along with shortage of adequate capital (Knechel and Salterio 2016). In addition to this, the corporation also undertake material misstatements that might perhaps direct towards inherent risk in the upcoming period. Evaluation of the current case of DIPL reflects the fact that the complexities as well as difficulties involved in the process of succession of CEO also involves inherent risk. Essentially, succession of CEO can be considered to be different and the candidates are extremely individual (Louwers et al. 2015). However, there are several risks that are inherent in the process of succession of CEO, quality of procedure of selection together with ease of transition as process is handled. So, commencement of the process without complying with the strategy, initiating the process late, inadequate involvement of the CEO and departure of candidates leaving the company might possibly lead to inherent risks. Analysis of the given case reveals that the process of implementation of the novel IT system generated certain issues. DIPL did not enough number of staff to handle the process of execution and installation and carry out the reconciliation as well as testing essentially before the new arrangement prior to the end of the year. Again, initial testing revealed that certain transactions undertaken were not accurately apportioned to the correct time period. Thus, this led to the material misstatement owing to inherent factors that is necessarily error or else omission in a specific financial declaration (Eilifsen et al. 2013). Furthermore, the recording of the cash receipts by the finance professionals of the company might perhaps lead to inherent risks if not properly handled. The members of the staff need to follow a proper sequence so that accounts receivables are properly registered and accounts receivable ledger need to be properly maintained. In addition to this, the bank reconciliation also needs to be properly recorded thereon (Cannon and Bedard 2016). Again, registering the revenue generated from the e-book, taking account of reprint of textbooks if required in the upcoming period can lead to diverse inherent risks due to complexity involved in the process. In addition to this, process of valuation of different raw material inventory at particularly average cost was not suitable since the present cost of paper was considerably above the average cost. Risk and way it might affect the risk of material misstatement in the financial report The identified inherent risks can be considered as the susceptibility of a particular assertion in association to material misstatement. Excessive pressure on employees and management: - Excessive workload on members of the staff of the corporation leads to poor bookkeeping. This leads to certain attributes namely propensity to encounter cash flow issues, poor operating outcomes along with poor liquidity (Barton and Bruder 2014). Risks of errors or else incorrect misrepresentation: - There remains reliability and intricacy owing to risks of errors as well as misrepresentation simultaneously. Integrity of the entire management: - Management of DIPL essentially lacks requisite integrity and thereafter they are also expected to be prepared for reputation loss in the entire business community (Beasley 2015). Unusual pressure on management: - Sometimes it happens that there exists incentives for management that leads to misstatement in the pecuniary declarations (Barton and Bruder 2014). Nature of entity business: - DIPL also leads to growth to major economic along with competitive circumstances. Again, these facets might affect the overall inherent risk of business entity for analysing audit planning structure in an effective way (Beasley 2015). Identification and explanation of two key fraud risk factors relating to misstatements arising from fraudulent financial reporting Identification as well as explanation of fraud risk related to material misstatement As rightly indicated by (), fraud risk leads to considerable losses of assets owing to fraud. The dissatisfaction of the workforce owing to excessive workload of the employees can induce them to involve in fraud. In addition to this, expectations from different investors to report specific financial outcomes or particularly by management to attain specific performance targets leads to high fraud risk. There also remains strong pressure to declare specific financial outcomes in a bid to avert generating the guarantees. The major fraud risks that might occur owing to the operations of the firm DIPL include workforce engages in fraudulent actions due to higher level of dissatisfaction of employees. The given case study on the operations of DIPL mentions that there remains huge pressure from particularly the board to acquire a novel accounting system. This excessive pressure on the employees to carry out the process of installation of the new IT system for accounting might lead to fraud. This implies that the employees might engage in fraudulent activities and handle the procedure of reconciliation in an improper manner and subsequently material misstatement. The case study also illustrates that the improper handling of the process of execution of the implementation of the information technology for the accounting system led to improper allocation of certain transactions around the end of the year. This in turn might lead to loss due to material misstatement and fraud risk. Another fraud risk that might occur include the risk of financial reporting fraud. At the time when there is excessive expectation from outside financiers to declare specific financial announcements or else from management to meet specific performance targets or else to meet certain goals to qualify for acquiring debt, there remains high risk of improper financial announcements. The statement of financial position of the company DIPL shows that the revenue of the company has increased over the period 2013 to 2015. In addition to this, the gross profit as well as the net profit has also increased. Furthermore, the current assets and total assets of the corporation DIPL has also escalated. However, the case study reveals that during the year 2015, the company has acquired a loan amounting to 7.5 million particularly from BDO Finance. Besides this, the case study also reflects the fact that this particular loan has a specific loan agreement that requires DIPL to maintain a present a cur rent ratio of around 1.5 along with a debt equity of approximately lower than 1. This shows that this requirement might pressurize the company to maintain the financial ratio so that they can acquire the credit. Therefore, this might lead to fraudulent actions and lead to improper reflection of financial position. In essence, failure of the company to maintain the definite benchmarks can again make the company non-eligible to acquire finance from BDO Finance. Explanation of the way the risk factors identified According to the given case, it can be hereby stated that process of valuation of different raw material inventory at particularly average cost was not suitable since the present cost of paper was considerably above the average cost. Risk of identifying fraudulent actions involved in implementation of the new IT system can be carried out by monitoring different activities at different phases. The risk of financial reporting can be detected by carrying out evaluation of financial statements by assessors, monitoring control mechanisms from time to time. References Arens, A.A., Elder, R.J., Beasley, M.S. and Hogan, C.E., 2016.Auditing and assurance services. Pearson. Barton, H. and Bruder, N., 2014.A guide to local environmental auditing. Routledge. Beasley, M.S., 2015.Auditing cases: An interactive learning approach. Prentice Hall. Cannon, N. and Bedard, J.C., 2016. Auditing challenging fair value measurements: Evidence from the field.The Accounting Review. DeFond, M. and Zhang, J., 2014. A review of archival auditing research.Journal of Accounting and Economics,58(2), pp.275-326. Duncan, B. and Whittington, M., 2014, September. Compliance with standards, assurance and audit: Does this equal security?. InProceedings of the 7th International Conference on Security of Information and Networks(p. 77). ACM. Eilifsen, A., Messier, W.F., Glover, S.M. and Prawitt, D.F., 2013.Auditing and assurance services. McGraw-Hill. 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