The Differences Between Homeland Security And Homeland...

In the first half of this paper, I will be discussing the difference between Homeland Security and Homeland Defense. I will be discussing the different roles that each department handles, which include each departments missions, tasks, duties, responsibilities, operations and other various issues that separate the two. I will also address the responsibilities of both homeland security and Homeland Defense that are shared between the two. Then I will use this information to provide my own description of Homeland Security. In the second half of this paper, I will be assessing the Critical Infrastructure protection programs of the United States. National Infrastructure Protection Plan as â€Å"Systems and assets, whether physical or virtual, so vital that the incapacity or destruction of such may have a debilitating impact on the security, economy, public health or safety, environment, or any combination of these matters, across any Federal, State, regional, territorial, or local jurisdiction† (DHS 2009, 109). From this definition, one can reasonably presume that protection of these assets is vital to the well being of the United States and as such is an essential element of homeland security. (U.S. Department of Homeland Security, 2009) I will then provide my assessment on what I feel is working and what could be improved in our Critical Infrastructure. I will finish this paper by giving conclusions and my final opinion on both Homeland Security versus Homeland Defense, and howShow MoreRelatedHomeland Security And The Security1435 Words   |  6 PagesDifferences The idea of securing the nation’s borders and securing the safety of the citizens has been a major topic since the beginning of the nation’s existence. There have always been means and procedures for it but it was never defined to the point it is today. The Homeland Security Department is a fairly new program which is constantly improving and adjusting in accordance to the threats that may arise. In the attempt to secure the United States, homeland security has become paramount and aRead MoreThe Preservation Of Life And The Right1557 Words   |  7 Pagestyranny, a voice that shouts through oppression and a sense of order through the cloud dysfunction and discombobulation. It is essential to understand what the essence of freedom encompasses as the nation drives forward in its examples of both security and defense for the world to emulate. The United States continues to become the focal point of attacks by an enemy who sees America as a â€Å"cesspool of evil† that needs to be eradicated. This hatred is not limited to one region or area of the world or itsRead MoreU.s. National Security Strategies And Policies1231 Words   |  5 PagesFor this progress assignment I would like to describe homeland security as it is defined in the various U.S. national security strategies and policies. In addition I would like to speak to the difference between Homeland Security and Homeland Defense to include mission areas, task, operational responsibilities, and coordinating efforts. Homeland Security The establishment of the Department of Homeland security is, undoubtedly, a result of the lessons learned and identification of the need to protectRead MoreHomeland Security And Homeland Defense1068 Words   |  5 PagesHomeland security/Homeland Defense is something that we as Americans needed to have established to keep us safe from enemies foreign and domestic. The homeland security came into the light after the horrible attacks that happened here in the United states on September 11th 2001, when the world trade centers were viciously attacked by terrorist that hijacked planes. These attacks not only made the US government establish a type of security that we needed, it made it establish a type of program thatRead MoreFour Types of Research646 Words   |  3 PagesStates are the U.S Department of Homeland Securities and the National Guard. The purpose of the U.S. Department of Homeland Securities is to protect the country the various threats. In response to the 9/11 attacks on U.S. soil, this department was created to respond to terrorist attack, human attacks and natural disasters. Some of the department jobs include aviation, border security, emergency response, cybersecurity and chemical inspections (Homeland Security, 2011). It main is to provide safetyRead MoreSecurity Of The Nation And The Protection Of Life, Liberty And Happiness2288 Words   |  10 PagesThe security of the nation and the protection of life, liberty and happiness is paramount in the eyes of all that call America home. America relies on the constant vigilance of organizations that develop intelligence to foresee and thwart the enemies who want to do harm on the innocent and tarnish an image of both prosperity and tranquility. Intelligence and Homeland Security play vital roles in ensuring plans are in place to act in case a situation arises. Without the required intelligence, HomelandRead MoreHomeland Security : The United States And Law Enforcement3125 Words   |  13 Pagesmuch detail information about Homeland Security in the United States and law enforcement and how they are integrated. I hope after reading this paper you will be well informed on the duties and responsibilities of these agencies. People have always lived in fear but with the help of these agencies we will no longer have to live in fear. I will try to give as much detail information as possible to help with any problems or situation that might come up. Homeland Security in the United States and lawRead MoreThe First Article Argues That We Should Not Increase Our1298 Words   |  6 PagesThe first article argues that we should not increase our defense spending. Jake Novak, is a senior columnist for CNBC.com and is the author of the article. Novak says that President Trump could buy more jets, ships and military technology like he plans to do withou t raising the budget. He says that the United States spends over $155 billion per year to maintain our overseas military bases. He doesn t propose that we should eliminate all of the approximately 800 military installations we have inRead MorePaper984 Words   |  4 Pages History of Law Enforcement When discussing the history of law enforcement, it is best we start with the invasion of England in 1066 by the Duke of Normandy, William the Conqueror. William bought with him some ideas of policing, where security was considered far more important than freedom. William divided England into five areas, with five separate militaries. An officer was placed in each area. Thus, he created marshal law (Barefoots World, 1997). In 1116, Henry I, son ofRead MoreDepartment of Homeland Security: Protecting American Security3557 Words   |  15 PagesIntroduction The security of the United States and living without being under a constant threat should be very important to all citizens and those who visit this country. The research revealed some interesting facts, it is impossible to secure every commercial building, airport, bridge, bypass, and government building. One element of the security is that terrorists will not have the ability to attack every place in the United States. However, everything is a possible target and terrorists want

The Real Monster in Frankestein by Mary Shelley - 1000 Words

In most readers’ minds, there seems to be no doubt as to who the real monster is in Frankenstein. The definition of the word â€Å"monster† is â€Å"any fictional creature, usually found in legends or horror fiction that is often hideous and may produce fear or physical harm by either its appearance or its actions† (Powell, 182). The creature that Frankenstein created was not only physically hideous but also murdered many innocent human beings. However, when we look beyond his physical appearance and start understanding the reasons behind his actions, we begin to realize that the monster is not the real monster in the story, his creator is. Although Victor Frankenstein creates a monster in the novel, he himself becomes the real monster throughout the process. Frankenstein was written in a time when romanticism and realism were two competing styles of cultural thought and practice. Realism was intended to convey the real experience of other people or cultures, whereas romanticism focused on the heroic power of an individual. Romantics’ work focused on nature, mysticism, and magic. Romantics were also quite suspicious of the science industry and technology, which is something we can clearly observe in Mary Shelley’s Frankenstein. This novel is filled with the heroic power of an individual but also filled with troubling questions about science. After Luigi Galvani, professor of Medicine and Anatomy at the University of Bologna, published his research on animal electricity in 1791,

One Country, Two Systems Free Essays

string(48) " system of accountability for senior officials\." One country, two systems â€Å"One country, two systems† is an idea originally proposed by Deng Xiaoping, then Paramount Leader of the People’s Republic of China (PRC), for the reunification of China during the early 1980s. He suggested that there would be only one China, but areas such as Hong Kong, Macau and Taiwan could have their own capitalist economic and political systems, while the rest of China uses the â€Å"socialist† system. However, Deng rejected the proposed use of such a system for territories that are already under de facto PRC rule, such as Tibet. We will write a custom essay sample on One Country, Two Systems or any similar topic only for you Order Now In the following research paper, the topic will be discussed in two different perspectives, both Hong Kong and Macau. Hong Kong Hong Kong’s stability and continued development as an international city since reunification in July 1997 have depended upon the successful implementation of the principle of ‘One Country, Two Systems’. This framework ensures that Hong Kong retains its distinct identity and strengths as an international business, financial, shipping and aviation centre. The ‘four pillars’ of Hong Kong’s success remain as relevant and important today as they did five, 10 or 15 years ago. These are: the common law system upheld by an independent judiciary; the free and unfettered flow of information; a level playing field for business; and, a clean, respected civil service. The Basic Law, Hong Kong’s constitutional document, has provided the constitutional basis upon which the Hong Kong Special Administrative Region has continued to protect its capitalist system, as well as the way of life, the rights and freedoms of its residents. These include: equality before the law, private ownership of property, freedom of assembly, freedom of movement, freedom of religious belief, freedom of academic research and freedom to join trade unions. The courts continue to administer justice independently, while Hong Kong’s own police, immigration, customs and excise and anti-corruption officers have remained responsible for maintaining law and order in the SAR. Hong Kong continues to maintain its previous economic system. It has maintained its renowned, business-friendly, low-tax system and its own currency, which has been linked to the US Dollar at a rate of US$1 to HK$7. 0 since October 1983. Mainland leaders have scrupulously adhered to a ‘hands off’ approach, allowing Hong Kong people to administer their own affairs (except defense and foreign affairs) with the promised high degree of autonomy. As always, Hong Kong people have been quick to speak up if they have perceived that their rights and freedoms, or the systems underpinning Hong Kong society, are in any way being compromised or undermined. Hong Kong people have taken very seriously their role in shaping the SAR and the society in which they live. This has resulted in greater demands from the public and the legislature for an open, accountable and more efficient government. Hong Kong has continued to play an important role in international affairs. It remains an active member, in its own right using the name ‘Hong Kong, China’, of the World Trade Organization, the World Customs Organization, the Asia-Pacific Economic Co-operation (APEC) forum and the Asian Development Bank and as an associate member of the Economic and Social Commission for Asia and the Pacific (ESCAP) of the United Nations. Hong Kong’s presidency of the Financial Action Task Force (FATF) on Money Laundering in 2001-02 allowed the SAR to take a leading role in the international fight against terrorist financing in the wake of the September 11 terrorists attacks in the United States. At an Extraordinary Plenary Meeting, chaired by Hong Kong in Washington D. C. in late October 2001, the FATF’s remit was expanded beyond money laundering to focus expertise on a world-wide effort to combat terrorist financing. A wide range of special recommendations adopted at the meeting will deny terrorists and their supporters’ access to the international financial system. Representatives of the HKSAR Government have also continued to participate, as members of delegations of the People’s Republic of China, in international organizations and conferences limited to states, such as the International Monetary Fund, the World Intellectual Property Organization, the International Civil Aviation Organization and the International Telecommunications Union. There are more than 130 binding bilateral agreements between the HKSAR and over 50 countries throughout the world. Areas covered in these agreements include air services, visa abolition, investment promotion and protection, surrender of fugitive offenders, mutual legal assistance in criminal matters, transfer of sentenced persons, customs co-operation, and co-operation on information technology and avoidance of double taxation. Hong Kong has also entered into non-binding arrangements with other foreign states, regions and international organizations. These arrangements are often in the form of a memorandum of understanding and cover a spectrum of topics from co-operation in information and communication technology, environmental protection to cultural exchanges. More than 200 multi-lateral treaties apply to the Hong Kong SAR (of which more than 80 do not apply to the Mainland). They cover many areas such as international crimes, private international law, customs, marine pollution, science and technology, civil aviation, merchant shipping, intellectual property, health, investment, trade and industry, postal services, labor issues, human rights, transport and telecommunications. Hong Kong is home to a large consular corps and several important international organizations. At the end of March 2002, there were 55 consulates general in Hong Kong, 46 honorary consuls and six semi-officials missions. The United Nations High Commissioner for Refugees, the European Union, and the Bank for International Settlements, the International Monetary Fund and the International Finance Corporation/World Bank all maintain a presence in Hong Kong. Five years after 1997, ‘One Country, Two Systems’ is firmly in place and ‘Hong Kong people running Hong Kong’ is part of everyday life. With the election of the Chief Executive by an electoral college, a fully-elected legislature and an aggressive, critical media, government operations and policies have been subjected to increasing public scrutiny and pressure. In his Policy Address in October 2001, the Chief Executive Mr. Tung Chee Hwa outlined the government’s initial thinking on ways to improve the system of accountability for senior officials. You read "One Country, Two Systems" in category "Papers" Detailed plans to take effect from July 1, 2002 were subsequently unveiled by Mr. Tung on April 17, 2002. The new system is designed to more clearly define the roles, powers and responsibilities of top government officials. It would also build on the civil service’s existing strengths such as permanency, professionalism, neutrality, efficiency and freedom from corruption. Under the present government structure, civil servants play a critical role in the governing team. Policies are formulated by Directors of Bureau (often referred to as Policy Secretaries) and endorsed by the Executive Council (ExCo). Legislation and public expenditure relating to such policy initiatives needs to be scrutinized and passed by LegCo before being implemented by various bureau and departments. During this process, Directors of Bureau have inevitably taken on a political role, which does not gel with the traditional role of the civil service. Civil servants are generally employed on permanent terms. The question is how to improve accountability while at the same time recognize the importance of an impartial, permanent civil service. The new system of accountability announced by Mr. Tung aims to solve this conundrum. Under the new system, the Chief Secretary for Administration, the Financial Secretary, the Secretary for Justice and Directors of Bureau will no longer be civil servants but will be appointed on contract terms. They will be accountable to the Chief Executive for the success or failure of matters falling within their portfolios. Significantly, they will all be appointed to the Executive Council to play a direct role in the process of deciding on government policies as well as collectively allocating the resources within the government as a whole. Because of this, government’s work will become more streamlined and efficient. This will also provide a better co-ordination in the formulation and implementation of policies. These new Principal Officials will assist the Chief Executive in developing and shaping policies, overseeing the implementation of policies, monitoring the delivery of services by executive departments and explaining developments within their portfolios to gain public support. They will respond to LegCo questions, introduce bills and take part in LegCo motion debates. They will attend meetings of LegCo Panels, subcommittees and committees to participate in discussions on important policies. The new accountability system is consistent with the Basic Law under which Principal Officials are nominated by the Chief Executive for appointment by the Central People’s Government. At the policy bureau level they will be supported by Permanent Secretaries, very experienced senior civil servants, in analyzing and defending policies, steering executive departments and managing human and financial resources. Below the policy bureau level, various departments will remain responsible for implementing policies and delivering public services. With a clearer definition of roles, these Principal Officials will operate at the political level while civil servants will be loyal to the government of the day and maintain political neutrality. The merits of the new system are that the Principal Officials’ roles and responsibilities are better defined and that they will need to be more accountable to enlist the support of the legislature and the public. The new system responds to increasing public calls for a higher degree of accountability for principal officials, while maintaining the structure, role and ethos of the civil service. The civil service system will remain intact and there will continue to be a permanent, stable, meritocratic, professional and politically neutral civil service. The new group of Principal Officials will proactively gauge public opinion and strengthen communication with the public to gain a better understanding of community needs and to devise policies fulfilling these needs. They will work more closely with the legislature, proactively seek the views of LegCo members and strengthen communication with the LegCo to ensure a better working relationship between the Executive and Legislature. The new Principal Officials will be able to focus more attention on public demands and needs, and will be able to operate free from the restrictions imposed on civil servants. Macau The development of Macao since its return to the motherland demonstrated the strong vitality of the â€Å"one country, two systems† concept, said Edmund Ho Hau Wah, chief executive of Macao Special Administrative Region (SAR) in a special press interview. The concept was proposed by then Chinese leader Deng Xiaoping in the early 1980s for the reunification of China. Under the mechanism, Macao retained its capitalist systems after returning to the motherland on Dec. 20, 1999. The per capita GDP of Macao residents in 2008 reached 39,000 U. S. dollars, almost three times the average before its return, according to World Bank figures. The central government adopted a series of measures to support Macao’s development. In two meetings with Edmund Ho Hau-wah in December 2008, President Hu Jintao and Premier Wen Jiabao said the central government would fully support Macao in dealing with the challenges brought about by the global financial crisis. At the end of last year, the central government launched nine measures covering finance, infrastructure, and regional cooperation, funding Macao’s small-and-medium-sized enterprises, ensuring Macao’s food supply, to help Macao tide over the economic downturn and promote integration of the Pearl River Delta region, which includes Guangdong Province, Hong Kong and Macao. Macao’s water supply is at risk of salinization due to drought upriver. The central government and Macao’s neighboring province shave adopted relief measures, including the construction of hydroelectric projects to ensure the long-term supply of drinking water to Macao. Government statistics show more than 33 million mainland tourists have visited Macao since 2004 and have generated an estimated revenue of more than 100 billion patacas (12. 66 billion U. S. dollars) — gambling revenue excluded. Under the support of the central government, Macao’s land area has increased from 22 square kilometers before its return to about 30 square kilometers. In June, the ninth session of the Standing Committee of China’s11th National People’s Congress (NPC) passed a bill giving the Macao SAR jurisdiction over a new campus of the University of Macao on Hengqin Island, which was originally part of the southern mainland city of Zhuhai. In 2007, Macao implemented a 15-year free education system, which will run from kindergarten to senior high school. From my own experience, for the past 10 years, the central government has been strictly adhering to the principle of ‘one country, two systems’ and the Basic Law of the Macao SAR. The central government has not interfered the inner affairs of the SAR,† said Edmund Ho Hau Wah. After its return to the motherland, Macao successfully held Ministerial Conferences of the Forum on Economic and Trade Cooperation be tween China and Portuguese-Speaking Countries in2003 and 2006 and the East Asian Games in 2005. With the support of the central government, the historic center of Macao, which is home to more than 20 unique sites demonstrating the assimilation and co-existence of Chinese and Western cultures, has been inscribed on the UNESCO World Heritage List. â€Å"Since the founding of the Legislative Assembly of Macao Special Administrative Region, Macao has enjoyed complete legislative power and has enacted and amended more than 100 laws, which was quite unimaginable when it was ruled by the Portuguese,† said assembly president Lau Cheok Va. An election committee, responsible for electing the chief executive of Macao SAR, is composed of representatives from a wide range of sectors including industrialists, unionists, public service workers, religious figures and politicians. Dr. Leonel Alberto Alves, a legislator and â€Å"Macaense†(a Portuguese expression for Macao-born Portuguese or Macao-born person of Portuguese and Chinese or of Portuguese and another Asian ethnic group), said an estimated 20,000 â€Å"Macaense† lived in Macao and their rights were fully safeguarded and customs respected since Macao’s return to the motherland. Overall, our view remains that the concept of ‘One Country, Two Systems’ is an everyday reality in Hong Kong. The rule of law and the independence of the judiciary, which are so vital to Hong Kong’s success, are being upheld. Essential rights and freedoms are being protected, and challenges to them fully and freely debated. — UK Secretary of State for Foreign and Commonwealth Affairs Mr. Jack Straw, Six-monthly Report on Hong Kong, July-December 2001, presented to the British Parliament, March 2002 Most Western analysts conclude today that the ‘One Country, Two Systems’ has permitted Hong Kong to maintain its unique character. Long-term success depends on preserving the quality and integrity of Hong Kong’s outstanding cadre of civil servants, the rule of law and an independent judiciary†¦ — US Speaker’s Task Force on the Hong Kong Transition, Ninth Report, January 30, 2002 How to cite One Country, Two Systems, Papers

Costs And Benefits Of Mandatory Auditing- Free-Samples for Students

Questions: 1.Explain how your results Influence your planning decisions for the audit for the year ending 30 June 2015 2.Explain why it is a risk and how it may affect the risk of material misstatement in the Financial Report 3.Identify and explain two key fraud risk factors relating to misstatements arising from Fraudulent Financial Reporting to which DIPL may be susceptible. Answers: 1.Application of analytical procedures to the financial sreport information of DIPL The various types of the aspects of the financial processing of DIPL have been developed based on the audit plan. The blueprint of the audit has been considered based on the time taken to frame the audit plan. In this aspect, the assessor has been able to consider the auditing costs at a reasonable aspect for assisting and averting the misunderstanding with the clientele. The declarations associated to the analytical framework for DIPL is considered as the dissemination process of the information in terms of the financial proclamations. The evaluation mechanism needs to be set as per the proper utilization of the variety of the mechanisms. The analytical procedure needs to be based on the financial considerations. The different types of the evaluation process needs to be considered as per the utilization of the various mechanism procedures. Despite of this, the analytical process needs to be analysed as per the financial declarations of the firm. The various types of the evaluation p rocess is based on the dissemination of information as per the financial information for DIPL. The evaluation process has been carried as per utilizing the various types of the mechanisms. The financial declarations has been further analysed as per the vital decisions made for the business (Regoliosi dEri, 2014). The common sizing for the analytical process has been considered as per the common reference point. The comparison of the financial statement has been done based on the consideration of the various corporations. The assessors need to consider the financial report and evaluate the method for reporting. The registering of the items as per the net liabilities and the assets needs to consider as per the owners equity in the financial report. This needs to be further examined as per digressing from normal procedure. The analytical benchmarking is based on the utilization of the audit plan. The actual variance from the benchmark from the financial declarations is seen to detect the root cause (Regoliosi dEri, 2014). The ratio analysis has not been considered appropriately and this needs to be further considered for the plan of audit. Explanation of the way the results influence planning decisions for the audit The decisions associated to the audit plan have been based on the influence of the analytical approach and segregation of the data as per the annual report. The current ratio has been seen to be 1.42 in 2013, 1.46 in 2014 and 1.5 in 2015. In the profitability ratio, the profit margin of the company has been seen to be 0.068 in 2013, 0.60 in 2014 and 0.06 in 2015. Based on the various types of the information associated to the profitability, the various aspects of the net income are compared based on the net sales of the DIPL firm. The assessor will be able to understand the expenses are appropriate and whether the same can be considered to curtail the budget and time consideration of the firm. The various natures of the changes in the ratio has been considered as per the soundness of the financial position and financial condition. For instance, the solvency ratio is discerned as 0.62 in 2013, 0.44 in 2014 and 0.21 in 2015. This has been further seen to be considered as per the trends of the financial statements. The comparison of the ratio for the three periods has been seen to be based on the overall cash transactions based on the long term liability evaluation of the corporation (Yang Jia, 2013). 2.Identification of inherent risk factors that arise from nature of business operations of DIPL The several types of the important considerations have been considered as per the material misstatements in the financial consideration of the specific concern. This has been further seen to be considered as per risks reference as per the misstatement in the financial decisions taken by the corporations. The identified risks have been able to reflect the various facets of the misstatement as per the financial data. The different nature of the risks has been further associated to the financial and non-financial factors which can be considered to be true with a fair view of the financial declarations. The evaluator may further see it demanding for the associated risk. The evaluator may further detect the risk for non consideration of the various natures of the distinct risk factors. The identified risk may also be seen to be related to the diverse errors in the specific bookkeeper. With this essence the main form of the inherent risk may arise in terms of the DIPL business operations ( Ryoo et al., 2014). The given study has shown the numerous transactions which are particularly omitted by the accountants or the management of the corporation of DIPL. This can however be sequentially avoided by DIPL. The corporation has direct lead towards the various types of the inconsistencies which will be ineffective based on the planning of the sales activities. In addition to this, the financial declarations of the firm has revealed about the preferred level of profit from the revenue which has been considered from the sales. The management of the firm may decide to specify the requirement and the consequent adjustments which need to be made based on the functionality of the corporation. It can be hereby stated that the DIPL has led to failure for analysing of the micro and the macro economic factors and associating the existence of the same in the social and political factors. The subsequent consideration has been further seen to be reflected as per the poor sales figure and the inherent risks. The firm has stated about the various nature of the inherent risk. The main consideration for this has been based on the lack of expertise and the proficiency of the employees of the corporation along with the escalated issues. The specific business concern has been dependent on the members of the staff to prove their competency. In addition to this, the various types of the non-proficient workforce will be able to enhance the inherent risk of making mistakes, errors associated to the exclusion and other announcements made by the firm (Carey et al., 2013). The significant aspects of the risks have been further seen to be categorised as per the material misstatements, environmental risks and the consideration of the falsified exercises. The environmental consideration has been made as per the internal risk and the associated valuation for the major issues of stiff competition, inventory and generic market along with the shortage in the capital. The corporation will be further able to consider the material misstatements which have been directed for the inherent risk. The present DIP case has reflected on the various types of the complexities and the difficulties on the succession process of CEO based on the inherent risk. The succession of the CEO has been further able to consider the individual candidates. There has been several risks which has been further associated to the quality of the selection procedure. The process which are not complying with the initiating the process and the strategy has been considered for inadequate involvement of the CEO and the candidates departure from the firm (Al-khaddash et al., 2013). The case study has shown the implementation process of IT infrastructure has generated significant problems. DIPL does not have adequate staff for execution and the installation of the reconciliation process which is necessary for making prior arrangement at the end of the year. The initial testing has shown that the transaction has not seen to be considered properly in the given time span. This has been further seen to be based on the various considerations of material misstatements and the inherent factors which are necessary for the considerations of the omissions and the financial declarations. The cash receipts have been recorded by the finance professionals and they might consider the various types of the internal risks. The members of the staff need to follow the sequence as per the accounts receivable registered and the recording of the same in terms of the bank reconciliation statements. The revenue registration has been generated from the e-book and taking into consideration for reprinting the textbooks and upcoming period off the internal risks and the complexity of the process (Mihret, 2014). Risk and way it might affect the risk of material misstatement in the financial report The inherent risk is considered as per the particular assertions made in terms of the material misstatement. Excessive pressure on employees and management- The excessive workload of the staff has led to poor bookkeeping. The propensity of the certain aspects has been further considered as per the poor liquidity, cash flow issues and outcomes of the poor operating outcomes. Risks of errors or else incorrect misrepresentation- The intricacy and the reliability have been related to the risks of errors of misrepresentation. Integrity of the entire management The management of DIPL, has been able to consider the essential drawback of the required integrity and prepared with the reputation loss and entire community of the business (Lee Talen, 2014). Unusual pressure on management The existing incentive in terms of the management and the misstatements in the declarations. Nature of entity business DIPL has considered as per the competitive aspects. The main consideration of the overall internal risk is essential for audit analysis and the structure of the audit plan in an effective way(Wang et al., 2013). 3.Identification and explanation of two key fraud risk factors relating to misstatements arising from fraudulent financial reporting Identification of the fraud risk leads to considerable amount of losses pertaining to the material misstatement. Asset Loss In various cases the losses of the assets has led to several instances of fraud. The workforce dissatisfaction has further considered from the excessive workload among the employees which can be considered for the fraud. The expectation of the investors need to report the specific considerations of the management to attain the appropriate performance leading to fraud risk. The strong pressures to declare the specific financial are outcomes to generate the guarantees. Financial reporting fraud The major involvement of the risks pertaining to fraud has been further seen to be considered as per the operations of DIPL, which includes the workforce engagement of the fraudulent activities. As per the given case the DIPL operations management remains a challenge pertaining to the novel accounting system. The enormous pressure on the employees has been further seen to be based on the installation of the new IT system, which might lead to accounting. This has been further able to imply that the fraudulent activity related to handle the procedure for reconciliation done in an inappropriate manner with the subsequent misstatement in the material. The case study has been also able to consider the various processes for the execution related to the implementation of the certain transactions which has been considered in the end of each year. This may further lead to losses for the fraud risk and the material misstatements (Jans et al., 2013). Unsuitable average cost Another important financial reporting has been further considered as per the financial fraud reporting. During the time of excessive expectation from the outside financiers, the financial announcements needs to meet with the specific performance related to meet with the qualification of the goal criteria and the high amount of the risk related to the improper announcement of the finance. The various information of the financial position has been further seen to be based on the revenue of DIPL which has increased from 2013-2015. Furthermore, the current and the total assets for DIPL have also increased considerably. As per the given situation the valuation of the raw materials from the inventory cost was not seen to be suitable for the present cost on paper, which was considerably higher than the average costs. The risk of the identification of the fraudulent acts are involves as per the implementation of the new information technology systems, which can be carried out based on the mo nitoring of the various activities in various phases. The financial risk of the reporting has been based on the evaluation carried as per the monitoring, assessing and control of the mechanisms. References Al-khaddash, H., Nawas, R. Al, Ramadan, A. (2013). Factors affecting the quality of Auditing?: The Case of Jordanian Commercial Banks. International Journal of Business and Social Science, 4(11), 206222. Carey, P., Knechel, W. R., Tanewski, G. (2013). Costs and Benefits of Mandatory Auditing of For-profit Private and Not-for-profit Companies in Australia. Australian Accounting Review, 23(1), 4353. https://doi.org/10.1111/auar.12003 Jans, M., Alles, M., Vasarhelyi, M. (2013). The case for process mining in auditing: Sources of value added and areas of application. International Journal of Accounting Information Systems, 14(1), 120. https://doi.org/10.1016/j.accinf.2012.06.015 Lee, S., Talen, E. (2014). Measuring Walkability: A Note on Auditing Methods. Journal of Urban Design, 19(3), 368388. https://doi.org/10.1080/13574809.2014.890040 Mihret, D. G. (2014). How can we explain internal auditing? The inadequacy of agency theory and a labor process alternative. Critical Perspectives on Accounting, 25(8), 771782. https://doi.org/10.1016/j.cpa.2014.01.003 Regoliosi, C., dEri, A. (2014). Good corporate governance and the quality of internal auditing departments in Italian listed firms. An exploratory investigation in Italian listed firms. Journal of Management and Governance, 18(3), 891920. https://doi.org/10.1007/s10997-012-9254-1 Ryoo, J., Rizvi, S., Aiken, W., Kissell, J. (2014). Cloud Security Auditing: Challenges and Emerging Approaches. IEEE Security Privacy, 12(6), 6874. https://doi.org/10.1109/MSP.2013.132 Wang, C., Chow, S. S. M., Wang, Q., Ren, K., Lou, W. (2013). Privacy-preserving public auditing for secure cloud storage. IEEE Transactions on Computers, 62(2), 362375. https://doi.org/10.1109/TC.2011.245 Yang, K., Jia, X. (2013). An efficient and secure dynamic auditing protocol for data storage in cloud computing. IEEE Transactions on Parallel and Distributed Systems, 24(9), 17171726. https://doi.org/10.1109/TPDS.2012.278