White Collar Crime Essay Example | Topics and Well Written Essays - 250 words

White Collar Crime - Essay Example Additionally, the law enforcement agencies do not focus their attention on the rich as they have the money to go to the law. This is the reason there are many poor in prisoners. While the poor fill the prisons, the rich are making more money. The other reason the rich want to get more than they already have is solely that they want to have more power over the powerless. In the sense that, the poor do not have an ability to measure up to the poor; because there is power inequality that is mostly caused by the rich having more than the poor. In additional, the poor do not have the ability or the resources to commit sophisticated crimes making them susceptible to jail, as they do not plan. This is because crimes committed by white-collar criminals compared to those committed by blue-collar criminals are sophisticated in nature because of the resources required to commit such crimes (Siegel, 2013). In the case of Ponzi scheme, the rich use the poor to make money because the scheme uses new users to pay the old investors and the new investors are mostly the poor. Therefore, it is correct to state the rich want to be richer because of power and maintenance of social

Generally Accepted Auditing Standards Paper Essay

Generally Accepted Auditing Standards Paper - Essay Example The audit opinion resulting from verification of financial statements provides a reasonable assurance that the statements give a true and fair value in accordance with the frameworks of financial reporting; therefore, Mobitech Accessories Ltd. does not expect auditors to produce absolute assurance by detecting all aspects of errors and fraud. Types of audits that organizations can perform include statutory, internal, external, and compulsory audits. Various standards, Acts, and boards have been initiated to guide the auditing function. Generally Accepted Auditing Standards provides a basis for performing and judging the quality of audits (Catty, 2012). The general requirements of GAAS include maintenance of independence in audit matters, adequate technical training, and proficiency for audit performance, and exercising professional care during audit performance and report preparation. Mobitech Accessories Ltd enables auditors to obtain sufficient understanding of the enterprise and allows auditors to access sufficient evidence by performing audit procedures in accordance with GAAS. GAAS also require the auditor to express an opinion regarding the financial statements; an opinion can be qualified, unqualified or disclaimer (Huault & Richard, 2012). Mobitech Accessories Ltd auditors usually state reasons in the report where they cannot express an overall opinion. GAAS provide assumptions, principles, and constraints to achieve basic objectives and implement fundamental qualities (Huault & Richard, 2012). The accounting entity assumption assumes that the business entity is a being and separate and distinct from its owners and managers. The going concern assumption assumes that the business will remain in operation indefinitely. The historical cost principle requires companies to report their liabilities and assets based on costs of acquisition rather than fair market value. The principle of revenue

Students should be allowed to pray in schools Research Paper

Students should be allowed to pray in schools - Research Paper Example This void in emotional satisfaction is filled in by the prayers. â€Å"Students have the right to engage in voluntary individual prayer that is not coercive and does not substantially disrupt the schools educational mission and activities† (Anti-Defamation League, 2013). In many families, parents teach their children to regularly pray. They describe the physical, psychological, emotional, and sociological benefits of praying to their children in their attempt to make the experience of praying all the more enlightening and emotionally fulfilling for the children. Children build a very positive image of praying using the lessons taught to them by their parents. â€Å"Ninety percent of Americas youngsters attend public schools. These students come from homes that espouse a variety of religious and philosophical beliefs† (Americans United, 2014). In such circumstances, when they see prayers being banned in school, they are bound to think negatively about at least their parents, prayers, and/or school. They cannot think positively about prayers and school and yet see the latter denying access to the former. â€Å"Students in school as well as out of school are ‘persons’ under our Constitution† (ACLJ, n.d.) and so they must be g ranted the right to pray in school. Critics might say that prayers should be banned in schools because they take a lot of time. However, this is not reality. Prayers in most religions hardly take five to ten minutes at the maximum to be made. This time can be allowed either in the lunch break, or in the ten to fifteen minutes of break between consecutive periods. In fact, it takes no more than two minutes for many children to pray. Critics might also say that prayers should be disallowed in schools because they impact other students. If that is so, there is no harm in that. The purpose of schools is education. If students see their peers and class-fellows belonging to different