SEC Accounting and Auditing Enforcement - Essay ExampleIn this regard, The Securities and Exchange Commission announced charges against three auditors who violated federal security laws. They failed to comply with the U.S. auditing standards in conducting their audits. Among the three audit failures and in their SEC enforcement efforts, the one on WOWJOINT Audits is the most shocking. Wowjoint is a company with its headquarters and operations in and around Beijing, China. Its ordinary shares, warrants, and units are registered with the commission pursuant to Section 12(b) of the Exchange act. The manner in which its audits are conducted makes it the most shocking given the series of the failures and the magnitude of the same. The facts around these audit starts by stating that there was no adequate planning and supervision of the audits as required by the PCAOB Standards. This means that in the first instance the Auditors did not possess adequate knowledge of the firm they were auditing as required by the standards.

Price-Elastic Products - Essay ExampleThe key is whether revenue is greater than costs. (Investopedia, 2003)I would select price elastic products mainly to increase market share and increase the sales of the product. As the price of a product rises, consumers will usually demand a lower quantity of that good, perhaps by consuming less, substituting other goods, and so on. Conversely, as the price of a good falls, consumers will usually demand a greater quantity of that good, by consuming more, dropping substitutes, and so forth.Consider the example of cell phone market. It is one of the best examples of price elastic products. We can see lots and lots of new cell phone models flooding the markets from different makers. There is no possibility of increasing the price of cell phone due to high competition. On the other hand, more advanced cell phone models with significantly advanced features come at a very low cost. In fact, the cost of the cell phones is a constant decreasing curve. A slight increase in the cell phone leads to a great decline in the market demand.

Understanding values - Assignment ExampleAn evidence of this is the fact that although people differ on their opinions on a subject, their understanding of what is right or wrong is mostly the same. For example, some people are in favor of legalization of drugs while others are against it, though people on both sides of the argument mutually think that drugs and their influence on the society should be reduced. Even the argument for the legalization of drugs is made with a view to suppressing the frustration and the development and functioning of illegal channels that happens when the drugs are illegalized.The in-born ability, conscience is the word used for which, is guided or influenced by a range of external influences, typically culture and religion. Of all such factors, religion is the most powerful factor that confirms or denies an idea that is considered righteous by our inherent conscience.

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