Oedipus The King And Antigone - 1264 Words

Sophocles is a famous Greek mythology writer, who wrote two of the most tragic plays: Oedipus the King and Antigone. The end of Oedipus the King was the beginning of Antigone. Oedipus the King is one of the strongest tragic Drama as it tells a serious story which evokes fear and pity through incidents that put sympathetic characters in threat and Oedipus the tragic protagonist (the king) who suffer more than he deserved. Although, Antigone resemble Oedipus the King in many faces such as it is a tragic Drama, also it has two tragic protagonists, Antigone and Creon. Both of Antigone and Creon showed traits of immoral and both ended up with a tragedy terminus as a consequence of their pride. Oedipus the King was a good example of tragedy†¦show more content†¦/ For when I drive pollution from the land† (155-68). Oedipus’s nobility can be recognized in his words when he realized his duty toward his city and he showed his willing to help and find the killer of the ol d king. Also, Antigone had a noble deed too, that can be notable when she decided to bury her died brother who was not buried due to Creon’s order: Antigone declaims her sister Ismene in Antigone, â€Å"†¦ I myself will bury him. It will be good to die, so going. I shall lie by his side, / loving him as he loved me; I shall be / a criminal but --- a religious one.† (80-5). Antigone did what she believed it was right and believed that her brother deserved to be buried with all honorable observances. On the other hand, there was one difference between Antigone’s character and her father’s character. Antigone tried to achieve what gods’ state, by burying her dead brother: Antigone talks to her sister Ismene about her decision to bury her dead brother, â€Å"if you like, / can cast dishonor on what the gods have honored† (88-9). In contrast, Oedipus’s strong hubris drove him to think that he can outsmart the gods when he tried to esc ape from his parents to his birth parents without him knowing the truth. In old Greek culture what Oedipus tried to do was a big mistake, but what Antigone didShow MoreRelatedOedipus The King And Antigone948 Words   |  4 Pageswill eludes us in works such as Oedipus the King and Antigone. Oedipus, Creon, Antigone, and Tiresias are characters in these epics whose lives represented the battle of truth and wisdom. Oedipus attempted to escape the prophecy in which he killed his own father and married his mother. He hastily discovered his past while trying to cure his city, and his efforts to change his fate fail when the prophecy is realized. His daughter Antigone wanted revenge after Oedipus’ death. Creon would not bury herRead MoreOedipus The King And Antigone1909 Words   |  8 Pagestragedies, Oedipus the King and Antigone. The plays are written in a series falling into the same setting. Oedipus and Creon both deal with being rulers in contrasting styles and we can see th eir true characteristics when stressful situations arise during their respective reigns. Oedipus is portrayed as a strong, yet fair ruler to his citizens. However, when Creon obtains power soon after, he embodies conflicting ideals and looks to serve his personal ego. Unlike Creon from Sophocles’ Antigone, OedipusRead MoreComparing Oedipus The King And Antigone1311 Words   |  6 Pagesanalyzing both Oedipus the King and Antigone, Oedipus and Antigone are very alike in ways. When reading these plays, the mind is wired to compare how the protagonists are alike, and contrast how they are different. Antigone and Oedipus are idolized by the people, but the legacy of Oedipus seems to have been altered due to the fact that he has experienced bad past family relationships; therefore as Gale explains, â€Å"Antigone hangs herself. Creon’s son Haemon, who was in love with Antigone, commits suicideRead MoreCorruption In Oedipus The King And Antigone988 Words   |  4 Pages I n Sophocles’ Oedipus The King and Antigone, Sophocles used two tragic stories to explore issues and themes involving that can be interpreted in several ways depending on the readers understanding of the play and the main theme in focus. From a personal view point, themes such as corruption, injustice, civil disobedience and power drunkenness were explored rampantly by Sophocles to further dramatize a story that conveys so much messages. The ancient Greeks are well recognized for gifting the modernRead MoreAntigone, By Sophocles, The King And Oedipus1465 Words   |  6 Pagesplays: Oedipus the King, Oedipus of Colonus and Antigone. Oedipus the King and Oedipus of Colonus were written in a very male-focused manner. Throughout these plays, Sophocles’ main characters and main plots are written around Oedipus, Creon, Polynices, Tiresias, Theseus and very few spotlight is given to the female figures such as Jocasta, Antigone, Ismene, and Euridice. After Oedipus the King and Oedipus Colonus, Antigone comes into play in a protagonist role. Sophocles’ play, Antigone, representsRead MoreAnalysis Of Oedipus The King And Antigone1170 Words   |  5 Pagesever- changing world. In civilizations such as Athens, women were looked down upon and this battle to leave behind tradition proved to be almost if not fatal. Sophocles Oedipus the King and Antigone exemplify three distinct female Athenian characters who appr oach this battle with different fronts. Through analysis of Ismene, Antigone and Jocasta’s distinct characters, the reader better understands how Sophocles uses a feminine voice to break away from the tradition discerned in Athenian life to advocateRead MoreComparison Of Oedipus The King And Antigone By Sophocles944 Words   |  4 PagesMany lessons can be learned from Sophocles plays Oedipus the King and Antigone. In Oedipus the King, Oedipus caused his fate to become real by running from it. He killed his father and made love to his mother even though he had no idea who they were he was still punished. He passed the punishment of his sins to the rest of his family when he gouged out his eyeballs and banished himself from the city. In Antigone Oedipus’s sons killed each other in battle over the throne and helped Creon take overRead MoreOedipus The King, Antigone, And Minority Report1364 Words   |  6 Pages Throughout the stories of Oedipus the King, Antigone, and Minority Report, there is a common theme of greatness beyond the scope of the individual story. Oedipus was the dedicated king of Thebes, whose predestined fate detailed failed attempts to outrun his destiny. His sacrifices were for the good of his city. Creon and Antigone battle throughout their story, yet ultimately showed that death and sorrow are fates that are bigger than the both of them. Finally, John Anderton fought to prove his ownRead MoreOedipus as King of Thebes: Antigone by Sophocles1380 Words   |  6 Pagesof pride is the centers piece of man’s perpetual role in his own destruction. This is illustrated by various characters’ such as Creon in Antigone by Sophocles, Oedipus in Oedipus the King by Sophocles and the Trojans in the Aeneid by Virgil. In the Antigone we see the consequence of one’s pride and desire for power take hold, when Creon decides to punish Antigone for disobeying the law off the land and proving Polynices with a burial. The disregard for any form of sympathy would eventually come toRead MoreLeadership in Beowulf, Oedipus the King, and Antigone1860 Words   |  8 Pageshardship of being a cop on a high-speed chase. Most importantly leaders can either be well-known or barely known. They all exemplify the same characteristics. The role of leadership is greatly portrayed in all three stories of Beowulf, Oedipus the King, and Antigone. Beowulf is a poem that was written in the Anglo-Saxon language that tells of Beowulf, a Geatish hero who fights the monster of Grendel, Grendels mother, and even a fire-breathing dragon. Beowulf fights with determination and follows

Analysis Of Tartuffe And Punishment By...

Throughout the times of the late 1600’s all the way up to the 1900’s, we have seen many ways how genders have been viewed towards the eyes of society. From taking care of their families to actually working, males and females had different gender statuses in the things they did and participated in. The different roles, perceptions and misperceptions that each gender role-played had a big influence in structuring a particular society and managing how things were being run. In the short play Tartuffe, by Jean-Baptiste Moliere and â€Å"Punishment†, by Rabindranath Tagore, we really see how males and females were distinguished; and how each of them were viewed, treated and played into a particular society. Orgon and Mariane from Jean-Baptiste Moliere and Dukhiram and Radha from Punishment are characters that played tremendous roles in their parts, which really showed the perception of the power of the man and the lack of respect a female had during those times. The s hort play Tartuffe is a play filled with lots of drama, which consists many arguments and disputes between the characters about many different scenarios. Gender Roles had a significant correlation between how the male and female characters were represented and viewed, especially Orgon and Mariane. By looking at the perceptions of each character you really see how both of them were viewed and represented during the times of the 1600’s. Mariane is the daughter of Orgon, who is a very nice girl that is looking to marry

Evaluation of Orica in Terms of Environmental Concerns Free Essays

Evaluation of Orica in footings of environmental concerns Executive sum-up This study will analyse the Orica’s ethical public presentation and its fiscal statement in order to assist the investor to do informed determinations. The study focuses on the rating of the ethical issue associating to environmental concerns and the portion monetary value history over last decennary. This study finds that Orica has some unethical issues on environment. We will write a custom essay sample on Evaluation of Orica in Terms of Environmental Concerns or any similar topic only for you Order Now Furthermore, it is found that Orica’s portion monetary value cold increased limited, it is because of their late mean stock monetary value. Therefore, this study recommends that Orica may non be a good pick for investing due to its hapless ethical and fiscal public presentation. Introduction The purpose of this study is to measure Orica for client on the footing of ethical public presentation and fiscal statements. Ethical investment is defined as the commercial activities of those investings in the company, which do non hold negative effects on society and the environment ( Cambridge Business English Dictionary 2011, p.297 ) . It means that earlier ethical investor makes investing determinations, they will see both ethical issues and fiscal return. Orica was established in 1874. Its chief merchandises are ‘‘commercial explosives’’ and ‘‘blasting systems’’ . Orica is the largest provider of mineral and infrastructural markets. Orica has more than 12,500 employees and its concern operates more than 100 states ( Orica 2015 ) . Harmonizing to Orica’s 2014 one-year study ( 2015 ) , last twelvemonth it earned $ 602.5 million of Australia dollars. This study will concentrate on two facets. The first portion is ethical issues associating to environmental concerns and the other portion is about the illustration of the portion monetary value history. This recommendation for the investor in this company is presented at the terminal of this study. Evaluation of Orica in footings of environmental concerns The success of modern endeavors non merely depends on the company profitableness, environmental ethic s are besides the standards of the company’s success. Environmental ethic means that worlds and the environment maintain the harmonious dealingss ( Jeffery, Michael ) . In other words, the successful company should accomplish environmental sustainability. Environmental sustainability means that the company’s commercial activities cause no pollution and harm to the environment ( Slack et.al 2010, p. 634 ) . However, excavation and metal industry are inseparably with environmental devastation. Harmonizing to Biello ( 2011 ) , more than 4.7 million people are exposed to the injury of quicksilver for a long clip due to the pollution from excavation. Furthermore, this research besides shows that approximative 10 million to 20 million workers suffer from the amendss from their working environment, such as toxicant gases. Therefore, as the giant of excavation chemicals, the en vironmental issue is the challenge to Orica. Orica’s chief merchandises are mining chemicals that have negative consequence on environing environment and residents’ wellness. Groundwater taint is the chief issue that caused by Orica. Botany industrial park is one of the contaminated sites, which is located in the Banksmeadow of Sydney and is merely 11 kilometres from the Sydney cardinal concern territory. From 1942 to 1980s, due to Orica’s hapless environmental direction and waste intervention, about 16000 tones of hexachlorobenzene and a larger figure of Ethylene Dichloride were stored in Botany ( Suckling 2013 ) . Harmonizing to Chan ( 2006 ) , contaminations bit by bit contaminated dirts and underwater, which caused more than 1000 occupants suffer from the wellness menaces, such as the tegument, nervus, liver and kidneys harm. The contaminated H2O is a relentless organic pollutant, which could defy the biodegradation ( EPA ) . Furthermore, Orica’s safety accidents occurred often, which made people disquieted. At the terminal of 2011, a twine of chemical leaks happened in Koorangang Island. In February 2012, another leak happened at Newcastle ( Harris 2013, Para. 1-3 ) . Particularly, the Koorangang incident was a serious accident to the occupants who lived about the chemical works ( Kennedy 2014 ) . Harmonizing to Nicholls ( 2011 ) said that about 30 blocks of occupants suffered from the harm of hexavalent Cr gas which was released from the Orica’s works. However, Orica reported this accident to the authorities until 17 hours after this incidents happened, which were an unacceptable hold. The toxicant gas release was a serious accident ; hence, Orica should be responsible for this accident instantly. Apparently, Orica tried to demo their best attitude to the populace and the media, like finishing the works to decide the pollution jobs. However, Orica really evaded the issues. It means that Orica did non pay adequate attending on the possible hazard during the production and the duty to the public wellness. Therefore, the public presentation of Orica was non good on environmental moralss. Evaluation of Orica in footings of portion monetary value history Figure 1 shows the portion monetary value of Orica from May 2005 to June 2015 ( Australian security exchange 2015 ) . The perpendicular axis indicates the portion monetary value in Australian dollars while the horizontal axis represents old ages. img alt="Macintosh" hd:users:steven:desktop:="" src="https://s3-eu-west-1.amazonaws.com/aaimagestore/essays/1950140.001.png"/ Figure 1: Orica’s portion monetary value May 2005 – June 2015 As can be seen from the graph, Orica’s portion monetary value has increased by about $ 7 over the past decennary, although it experienced many important fluctuations during that period. In May 2005, the portion monetary value of Orica was around $ 14.674 ; nevertheless, its monetary value increased reasonably by $ 8.976 in May 2006. Although, the portion monetary value fluctuates, it was still around $ 23 from April 2006 to February 2007. From March to April in 2007, there was a dramatic addition in portion monetary value of Orica from $ 22.332 to $ 30.454. This monetary value was the highest monetary value over the past decennary. This rise was caused by ‘‘a private equity consortium’’ intend to do investings to Orica ( Woolrich 2007 ) . From June 2008 to February 2009, portion monetary value decreased aggressively from $ 27.876 to the lowest point $ 12.369, which was due to the world-wide fiscal crisis in 2008 ( Orica 2009 ) . After that, Orica†™s portion monetary value increased well to $ 25.539 in April 2010. This growing was due to the rapid growing of concern in emerging markets, such as China and Russia ( Orica 2010 ) . The portion monetary value was around $ 25.5 from April 2010 to the terminal of 2012. Then, the portion monetary value experienced a little addition to $ 26.76. It fell to $ 18.894 during February and August in 2013, which was due to deteriorating market conditions ( Wilkins 2013 ) . From the terminal of 2013 to show, Orica’s portion monetary value rose with some fluctuations to $ 21.723. Overall, Orica’s portion monetary value fluctuate wildly between 2007 and 2010, nevertheless, from 2010 to late, the portion monetary value has some different alteration, it ever around $ 22.25. Therefore, it could anticipate limited top for Orica ‘s portion monetary value. Additionally, the restriction of this study is that this fiscal statement merely focuses on portion monetary value. Recommendation In drumhead, Orica’s moralss public presentation is non good, because of some unethical issue in the environment concern. Although they ever has complete program to better the pollution, the hold is could non be acceptable. Furthermore, depend on the analysis of Orica’s portion monetary value history, it can be seen that Orica’s portion monetary value is addition in recent twelvemonth ; nevertheless, the rise is limited in the hereafter. Therefore, this study advised the investors carefully put this company. Therefore, this study advised the investors carefully put this company. Reference list Biello, D 2011, ‘World ‘s 10 worst toxic pollution problems’ ,Scientific American, November 2011, viewed 5 June 2015, A ; lt ; hypertext transfer protocol: //www.scien tificamerican. com/article/10-worst-toxic-pollution-problems-slide-show/ A ; gt ; . Cambridge Business English Dictionary2011, 1stedn, Cambridge University Press, Cambridge, England. Chan, N 2006, ‘The Worst Groundwater Contamination Incident in the Southern Hemisphere- A Case Study of Orica’s Botany Industrial Park’, Pacific Rim Real Estate Society Annual Conference. Harris, M 2013, ‘Issues persist at Orica plant’ ,Newcastle Herald,4 December, Para. 1 – 3, viewed 6 June 2015, Expanded Academic ASAP database. Kennedy, J 2014, ‘Orica fined $ 768,000 over chemical spills and safety breaches in NSW’ ,ABC intelligence, July 2014, viewed 3 June 2015, A ; lt ; hypertext transfer protocol: //www.abc.net.au/ news/2014-07-28/company-orica-fined-over-chemical-spills-and-safety-breaches/5629974 A ; gt ; . Nicholls, S 2011, ‘Orica leak enquiry to concentrate on delays’, The Sydney Morning Herald,August 2011, viewed 10 June 2015, A ; lt ; hypertext transfer protocol: //www.smh.com.au/environment /orica-leak-inquiry-to-focus-on-delays-20110817-1iy7l.html A ; gt ; . Woolrich, N 2007, ‘Orica a coup d’etat target’ ,Australian Broadcasting Corporation,Australian Broadcasting Corporation, viewed 5 June 2015, A ; lt ; hypertext transfer protocol: //www.abc. net.au/lateline/business/items/200704/s1900884.htm A ; gt ; . Wilkins, G 2013, ‘Orica portions tumble after net income warning’ ,Business twenty-four hours,20 July, viewed 12 June 2015, A ; lt ; hypertext transfer protocol: //www.smh.com.au/business/orica-shares-tumble- after-profit-warning-20130719-2qa2t.html A ; gt ; . Orica 2009,Annual Report 2009, viewed 7 June 2015, A ; lt ; hypertext transfer protocol: //www.orica.com/ Investors/company-reports A ; gt ; . Orica 2010,Annual Report 2010, viewed 15 June 2015, A ; lt ; hypertext transfer protocol: //www.orica.com/ Investors/company-reports A ; gt ; . Orica 2015,Annual Report 2014, viewed 3 June 2015, A ; lt ; hypertext transfer protocol: //www.orica.com/ Investors/company-reports A ; gt ; . Slack, N, Chambers, S, Johnston, R, 2010,OPERATIONS MANAGEMENT,6Thursdayedn, Pearson Education Limited, United Kingdom. Suckling, L 2013, ‘Residents near Botany Industrial Park and Port Botany fright safety’ ,The Daily Telegraph, July 2013, viewed 5 June 2015, A ; lt ; hypertext transfer protocol: //www.daily tele graph.com.au/newslocal/city-east/residents-near-botany-industrial-park-and-port-botany-fear-safety/story-fngr8h22-1226679727083 A ; gt ; , pp. 7-8. United States Environmental Protection Agency ( EPA ) ,‘Consumerdegree Fahrenheitactsheet on: Hexach lorobenzene’, viewed 5 June 2015. 1 Yujiang Pu ( Steven ) 35104 How to cite Evaluation of Orica in Terms of Environmental Concerns, Essay examples

Auditing Business Risk Pertaining

Question: Discuss about the Auditing for Business Risk Pertaining. Answer: Part A Business Risk Assessment of HIH Insurance Limited It is important to assess the business risk pertaining to HIH Insurance Limited. Business risk considers as the factors that prevents and hinders in achieving further organizational goals and objectives (Zadek et al., 2013). These risks are mostly faced by business organization for diverse and wide-ranging attributes. This particular study mainly focus on the ultimate risks that affects running of business enterprise for going-concern issues. Some of the major risks involve contributing factors such as certain business failure for the next financial year. Loss of customers, high financial risk, profitability decline as well as over trading of activities and less product are some of the common business risk faced by top-management firm. Risk is majorly present because of high competition from nearest competitors and in case of litigation activities, which needs proper attention as far as possible (William et al., 2016). This assignment is based on the case study given on the company named as HIH Insurance Limited. This means that assessment on business risk pertains towards conducting proper judgment for future analysis purpose (Tarca et al., 2013). On analysis, it has been noticed that top-multinational organization faces huge difficulty due to high aggression and usage of expensive strategy in the upcoming financial year. The main objective of the assignment is to bring out the state of corporate governance of HIH before its collapse. It requires analyzing the waning signals as provided by the supervisory authority in determination of actions for facing difficult scenario. Major focus is on investment of shareholder as well as policyholder funds in identifying and monitoring the asset risk issues as future consequences (Samkin Deegan, 2012). HIH Insurance Limited investment strategy concerns with the premise whereby Group main business involves assessing risk arising from underwriting performance. It takes place from the reinsurance policies as compounded especially from asset risk for future analysis purpose. It ensures neutral impact from various investment outcomes gathered from overall risk profile named as HIH Board. These attributes are mentioned in the investment guidelines of HIH Insurance Limited (Rahman, 2013). Investment Committee aims at formulating strategic asset allocation recommendati ons. Current guidelines involve limits as well as exclusions on assets classes as takeover by FAI. Investment Committee meets up formally at each quarter for reviewing current asset allocations. The main objective of the study is to highlight on Board risk tolerance as mentioned in the invested portfolio. HIH asset allocations handles matters on group from Australia based on individual licensed insurer in and within the group. HIH Insurance Limited has experienced Investment Management Group that focus on meeting on monthly basis as well as monitoring on frequent intervals on asset allocation activities (Preiato et al., 2015). It connects directly with investment performances as well as advising the committee members as a whole. Part B Inherent risk factors moving HIH financial report Inherent risk is the susceptibility of an assertion in relation with material misstatement. It is given in terms of inherent as well as possessing environmental characteristics without any prescribed control procedures for future analysis purpose (Porter et al., 2014). Some of the factors affecting inherent risk at financial levels of HIH Insurance Limited are as follows: Integrity of Management- If management of HIH Insurance Limited lacks essential integrity, and then they are likely to be prepared for a case of poor reputation especially in the business community (Messier, 2016). Lack of integrity is one of the vital factors that indicate attempts to limit the access of auditors for gaining information. Management experience, knowledge as well as changes for specified period- It is important to consider the fact that inexperience of management as well as lack of knowledge widely affects the financial report preparation (Hayes et al., 2013). It is the role of the auditor who observe frequent personnel turnover in alignment with management positions. Increase in inherent risk causes when honest individuals resign from their management positions for some type of fraud (Hayes et al., 2014). Unusual pressure on management- Most of the times, it happens that incentives for management forms misstatement in the financial report. This involves attributes such as facing cash flow problems, poor operating results as well as poor liquidity (Giner Arce, 2012). Nature of entity business- HIH Insurance Limited has several potential advantages in establishing reputation as well as reliable revenue source in case of inherent risk. Association with nature of business entity formed these major factors in capital structure policies (Furnham Gunter, 2015). These are the prime reason for increase in inherent risk for the transactions with the independent party. Factors affecting the industry in the entity operation- It gives rise to major economic as well as competitive conditions. These factors affect the inherent risk of business entity for evaluating audit-planning framework in the most appropriate way (DeFond Zhang, 2014). 2. Legal Liability Part A Facts and result on court case of Andersens Clients HIH Insurance limited focus mainly on the operational activities of Royal Commission on finding out the accounting factors. In the year 1971, Arthur Anderson completes its external audit activities starting from the collapse year, 2001. Clients are likely to take guidance regarding the several audit risk in subject with cases and common laws (Deegan, 2013). Creditors Auditors play an important role in involving effective control over avoiding related errors as well as mistakes. In case of Pacific Acceptance Corporation Limited Vs Forsyth, auditors believes that audit opinion depends on financial reports in compliance with matters governing required standards and accounting laws in the most appropriate way (Deegan, 2012). An auditor has to view at the points regarding duty performances in due course of time. It relates majorly with the Kingston cotton mill company in indulging in due care intelligence for future analysis purpose. Auditors need the essential skills as well as expertise in carrying out the audit activities. Auditors take into consideration the creditors and investors for any assistance for use of financial statement (Arens et al., 2015). Part B Situation or conditions required for existing negligence actions It is important to understand the fact that there are conditions present in negligent cases. These attributes are as follows: Auditors majorly faces difficulty I relation with computer informational risk. It involves significant changes in the computer information risk involving conversion of new system for delivery purpose for upcoming financial year (DeFond Zhang, 2014). Auditors face difficulty in insufficient computer informational risk for viewing at the in adequate skills as well as inefficient allocation of financial resources (Furnham Gunter, 2015). Staff members should have adequate skills so that they can operates the operational activities at HIH Insurance Limited There is further lack of entity support as well as focus in the final audit process and occurs various negligent cases (Zadek et al., 2013). Senior Management is responsible in demonstrating the accountability for computer informational risk by essential appropriate committee as well as involvement. There is high dependence upon computer informational risk by HIH Insurance Limited Business entity requires computer information risk in supporting core business especially for operational perspectives for higher level of inherent risk (Zadek et al., 2013). It helps in rendering financial information from the annual report of HIH Insurance Limited. There is reliance present in external computer informational risk involving outsourcing of operations. It mainly occurs that auditors fail in auditing some concept or misstatement of profits due to negligence or time lack issues (DeFond Zhang, 2014). There is reliability as well as complexity present that lead to risks of errors or misrepresentation at the same time (Zadek et al., 2013). HIH Insurance Limited should hire experienced auditors who have the capacity in minimizing the level of risk faced by business organization. Auditors make use of disclaimers enabling ways for liability limitations as accessed from annual financial reports of HIH Insurance Limited. It involves evident taken from the external stakeholders for future analysis purpose. These cases require proper attention by the auditors and reduce negligence cases in every possible form (DeFond Zhang, 2014). 3.Ethics Part A HIH hiring prior members of its external audit team HIH Insurance Limited hires members of its audit teams for several reasons. Most of the auditors are accustomed with HIH Insurance Limited and secondly auditors should have enough experience for meeting the financial concerns of the related business organization (Samkin Deegan, 2012). Management of HIH Insurance Limited has chance in working with the auditor for developing strong relationship with business organization. In case any former auditors become client, then there is several risks associated with interdependence policies. It may happen that former auditors are friend with the existing auditors for several years and working together at the same time. Therefore, current auditors are of the belief that former auditors have high level of integrity and will not lead to any kid of fraudulent activities (DeFond Zhang, 2014). Part B Advantages of auditing and consulting services Auditing and consulting services mostly occurs by external auditors as auditors plays major role of senior consultant especially for cost-savings for future analysis purpose. Auditors aim at providing unique solutions for diverse problems. Auditors require essential knowledge and advising solutions to the potential clients (Zadek et al., 2013). It is the responsible of the auditor in rendering effective consultancy facilities to potential clients. Auditors should be familiar with the financial activities pertaining at HIH Insurance Limited. Part C Indicating circumstances in representation of violation of ethical standards HIH Insurance Limited should follow ethical standards in carrying out the operational activities in the most appropriate way (Arens et al., 2015). Major categories of risk involve increased inherent risk arising from nature of relationship in aligning with trading partners. It leads to risks from recording as well as possessing of financial transactions for initiating business activities of HIH Insurance Limited. Pervasive business risks involve attributes like technical competency as needed by staff members. Management of HIH Insurance Limited is majorly responsible in preparing for accurate as well as fair presentation on the financial position of audit firm. Corporate Governance considers as the system as well as process that adheres companies in directly being controlled over the prudential activities. It is essential in considering the fact regarding primary as well as management stewardship issues (Samkin Deegan, 2012). These aims at maintaining integrity functions over the in ternal control structure at HIH Insurance Limited. Part D Outlining prime recommendations for audit as planned by Ramsay Report and CLERP 9 In the discussion paper on Ramsay Report and CLERP 9, certain recommendations are pointed out for auditing function enhancement (Zadek et al., 2013). It renders presentation of annual reports with justified corporate disclosures. Statement from audit committee suggests ways in taking into consideration matters regarding non-audit services as a whole. Individuals are advisable in behaving as auditor dependent for carrying out the audit activities in certain way. As far as engagement, partner and review partner are concerned, they deal with serving people for five years of time and designated as Senior Manager. These recommendations give clear understanding of unique auditing functions for upcoming financial years. International professionals often believe in rendering auditing services based upon the financial statements. Auditing functions enhancement checks over the positive influences for several auditing activities in the near future (DeFond Zhang, 2014). At the end of the study, it is concluded that HIH Insurance Limited faces business risk like any other audit firms or business organization (Arens et al., 2015). Experienced auditors can easily solve and render professional advices to the clients that will help in attainment of future goals as well as objectives. This means that case study focus mainly on illustrating on the corporate disclosures measures assigned by HIH Insurance Limited. It lists down the several inherent audit risk factors enabling future successful implementation of plans in required way (Samkin Deegan, 2012). Entire study focus mainly on the issues and criteria for selection of the case study on HIH Insurance Limited. Reference List Arens, A. A., Elder, R. J., Beasley, M. S., Jones, J. (2015). Auditing: The Art and Science of Assurance Engagements. Pearson Canada. Deegan, C. (2012). Australian financial accounting. McGraw-Hill Education Australia. Deegan, C. (2013). Financial accounting theory. McGraw-Hill Education Australia. DeFond, M., Zhang, J. (2014). A review of archival auditing research. Journal of Accounting and Economics, 58(2), 275-326. Furnham, A., Gunter, B. (2015). Corporate Assessment (Routledge Revivals): Auditing a Company's Personality. Routledge. Giner, B., Arce, M. (2012). Lobbying on accounting standards: Evidence from IFRS 2 on share-based payments. European Accounting Review, 21(4), 655-691. Hayes, R., Wallage, P., Gortemaker, H. (2013). Principles of auditing: an introduction to international standards on auditing. Pearson Higher Ed. Hayes, R., Wallage, P., Gortemaker, H. (2014). Principles of auditing: an introduction to international standards on auditing. Pearson Higher Ed. Messier Jr, W. (2016). Auditing assurance services: A systematic approach. McGraw-Hill Higher Education. Porter, B., Simon, J., Hatherly, D. (2014). Principles of external auditing. John Wiley Sons. Preiato, J., Brown, P., Tarca, A. (2015). A comparison of betweenà ¢Ã¢â€š ¬Ã‚ country measures of legal setting and enforcement of accounting standards. Journal of Business Finance Accounting, 42(1-2), 1-50. Rahman, A. R. (2013). The Australian Accounting Standards Review Board (RLE Accounting): The Establishment of Its Participative Review Process. Routledge. Samkin, G., Deegan, C. (2012). New Zealand financial accounting. McGraw-Hill Education Australia. Tarca, A., Morris, R. D., Moy, M. (2013). An investigation of the relationship between use of international accounting standards and source of company finance in Germany. Abacus, 49(1), 74-98. William Jr, M., Glover, S., Prawitt, D. (2016). Auditing and Assurance Services: A Systematic Approach. Auditing and Assurance Services: A Systematic Approach. Zadek, S., Evans, R., Pruzan, P. (2013). Building corporate accountability: Emerging practice in social and ethical accounting and auditing. Routledge.