Auditing Essay Example | Topics and Well Written Essays - 2500 words - 2

Auditing - Essay Example The audit activity at Farhan Muscat SAOG Company revealed that due to the inappropriate keeping of financial records for the current financial year in Salalah stores (water seepage during heavy rains), it became impossible to make an audit, which a senior auditor was going to conduct. While the company staff was informed about the stick take for the certain period to be conducted in the most convenient time, their other duties, such as movement of goods production receiving and dispatch operations continued. Purchases and sales were not stopped and other daily operations were continuing. During the audit, there was revealed that the some stock items of the company were not sold throughout 2014. The storekeeper reported these goods were included in the regular stock and were also valued as regular stock. The adudit inspection observed manager was carrying out all-inclusive check of the low priced stock, however, the premium stock was not counted. The results from the audit revealed the paucity of time of company’s management led to the inability to gather the necessary information about the stock and make the stock sheets at other locations across the country. According to the audit group results, damaged, obsolete, slow-moving stock and non moving stock was valued at purchase price by the company. The manager was informed about such stock to make a little part of the entire stock and is valued at purchase price. As a rationale, since physical inventory cannot be protected from loss, the company could prevent a material misstatement of its financial statements. The material deficiency relates to misstatement of the financial statements, and the failure of such preventive control will not lead a significant deficiency. However, it prevents a misstatement of the financial statements. This circumstance had to be carefully considered before it was

Movie Response Review Example | Topics and Well Written Essays - 250 words

Response - Movie Review Example I agree with movie’s director that most of these topics are a taboo in the Egyptian culture. As cited by Mattin, in the movie: while Zaki lives in vanishing luxury and loves women, Bothayna is a victim of sexual harassment while working as a shop assistant in order to fend for her family after her father’s demise, Bothyana’s boyfriend, Taha (Mohamed Imam), is not wanted in the police and joins a radical Islamic group, and gay newspaper editor who seduces a young soldier (Bassem Samra). The Egyptian board of censors gave the movie an adults-only rating. As a consequence, the movie has sparked a lot controversy in Egypt. For example, the legislators denounced the film on the floor of the House, and a subsequent television series of similar name cut out the homosexuality part. However, the movie still became one of the highest-grossing movies Egypt has ever produced. Marwan Hamed is able to balance these story lines with skill, bring out credible performances from the cast, and expertly handles the variations in tone and scale. To me, the movie is an epic in scope. To others, it may be tender and intimate. According to Mahajan (2), the film, The Yacoubian Building is one of the bravest movies that have been produced in Egypt. Now a former shadow of its former, the Building is a metaphor for Egypt where the country was faced with poverty and corruption under the leadership of President Hosni Mubarak. On the other hand, the movie’s weakness is that the more than 2 hrs 30 minutes duration makes The Yacoubian Building tiresome to watch. The other weakness is that by using the most expensive building of; Yocoubian apartment. The movie is the most expensive in Egypt making it inaccessible to the majority of the audience. The divergent plot lines imply that the opening scenes of this movie lack the narrative zap. However, in general, I am of the opinion that in spite of the