Road to Perdition Essay example - 1016 Words

Director Sam Mendes’ Road to Perdition is the officially-approved US film of the moment, overwhelmingly endorsed by the media and starring â€Å"America’s favorite actor,† Tom Hanks. An unstated assumption is that the movie’s pedigree makes it an obligatory cultural or quasi-cultural experience for certain social layers. It is a gangster film with darkened images meant to impart an art-house quality. Set in the early Depression era, it is also insinuated that a social insight or two can be found lurking in the shadows. Road to Perdition, even more than Mendes’ previous much-acclaimed film, American Beauty, is fool’s gold. The filmmaker has once again wrapped up crude banalities in shiny tin foil. But at least the latter film made some pretense†¦show more content†¦A description in the movie’s screenplay highlights this point. Michael Jr. is â€Å"watching in silence, cautious yet fascinated by the mysteries of a father’s ritual. ... Sullivan removes his cufflinks and places them in a box of his personal things ... removes his tie and gracefully lays it on the bed ... takes off his jacket, revealing a holstered COLT 45, removes the holstered gun and places it on the bed.† In fact, this loving father and husband is nicknamed â€Å"The Angel of Death.† The portrayal of mob czar Nitti as a respectable and fair-minded businessman is equally ridiculous and reprehensible. Nitti, known as The Enforcer, ran the crime syndicate while Capone was in prison in late 1920s and early 1930s (he eventually committed suicide in 1943). This is the sort of company Nitti kept: â€Å"In 1933, Frank Nitti’s leading labor terrorist, Three Fingers Jack White, recruited Fur Sammons to help fight the Touhy gang in the labor wars of 1933. â€Å"It was an excellent choice, Sammons was a certified psychopath and a killer and he took enormous pride in both these facts. He specialized in labor terror although, like White, Sammons’ record was long and varied. â€Å"In 1900 Sammons and four others kidnapped an eleven-year-old schoolgirl off the street, raped her and than beat her so savagely she almost died. The girl weighed 85 pounds. They broke her nose,Show MoreRelatedThe Road to Perdition821 Words   |  4 Pages1. Analyse how one or more scenes showed the complexity of a character or individual in a visual or oral text. The Film ‘The Road To Perdition’, directed by Sam Mendes. Is a story where a father and his son travel across the wide and vast country named America. They are on the run from an unrelenting assassin. The film is set way back in the 1930’s America when the country was in the grip of immense gloominess. Embargo was still the law of the land and gangsters like Al Capone were at the heightRead MoreEssay on The Road to Perdition1580 Words   |  7 PagesThe Art of Film Film Review #1 The Road to Redemption The most appealing thing about Road to Perdition is its over-arching theme of redemption. Michael Sullivan (Tom Hanks), an Irish mafia heavy, wants more than anything to keep his son from following in his criminal footsteps. Even though father and son will eventually drive to a place called Perdition to lay low, the story’s title suggests that Michael has for many years been traveling the road to hell. He understands as much, and wantsRead MoreHow Is Hong Kong Independent Essay934 Words   |  4 PagesHong Kong is an inalienable part of China, and this is our common sense is known since our childhood! For the Chinese, our identity is the most important part of the Chinese, so I understand how they impact to the students inner. The refused to perdition, only independent poster is everywhere, cultural square and the campus buildings and hanging independence banner, even around the tree. A mainland female student cant bear these posters, so she tore all the posters. However, sh e had been alreadyRead More Restraint Essay937 Words   |  4 Pagesleaving other people to deliver the ivory. He has lost all good judgment and mainly follows his lusts. nbsp;nbsp;nbsp;nbsp;nbsp;Kurtz had become, in a white man’s perspective, uncivilized and crazy. â€Å"Each station should be like a beacon on the road towards better things†¦ but also for humanizing, improving, instructing† (Conrad, 29). The stations are centers for modernization and civilization. The farther Kurtz ventures away from the stations, the less civilized he becomes. Kurtz followed no rulesRead MoreComparing the Downfalls of Sophocles Oedipus and Shakespeares Othello1262 Words   |  6 Pageseach characters life. Both were victims of different villians that would lead to their ill-fated demises. A horrible prophecy where Oedipus was to murder his father and then marry his mother was the villain in Oedipuss case. He was on a road to perdition since the day he was born, because the prophecy made his fate unavoidable. Oedipus and his family tried to take every action possible from avoiding the prophecy. Laius and Jocasta even tried to kill their cursed son at birth, but their plan wasRead More The Prostitute In Dostoevskys Crime and Punishment, Notes from Underground, and The Meek One1416 Words   |  6 Pagessocietal dissent. Providence is strikingly illustrated here: Raskolnikov cannot survive without Sonias aid, but neither could Sonia have been redeemed if Raskolnikov had not come along in need of redemption himself; she would have continued on the road to perdition from which her charitable impulses tore her. What is Dostoevsky illustrating here? He is showing us the cruelty of inner struggle and the fact that this struggle can only be won through the power of grace and redemption. Sonia struggles withRead MoreIrreconcilable Realities, an Essay Written by Aaron M. Kenrner1427 Words   |  6 Pagesconsider who is telling it. Kurosawa uses camera placement, transition techniques, lighting and zoom to show the audience that they have all the information to make a conclusion, but it is impossible. In the scene from Road To Perdition (Sam Mendes, 2002), distance and movement is used to give the scene a deeper meaning. In the beginning of the scene, the camera pans to show the inside of the restaurant but stops on mob boss, John Rooney who is walking through the door frameRead MoreThe Super Bowl1222 Words   |  5 Pagessell its soft drinks. Former GOP member Allen West stated â€Å"If we cannot be proud enough as a country to sing â€Å"America the Beautiful† in English in a commercial during the Super Bowl, by a company as American as they come — doggone we are on the road to perdition.†. Allen West like some other Americans feels that Coca-Cola is trampling on American Ideals to sell their drink. Even through America has no official many Americans feel that English is America’s language and if you can’t speak English thenRead MoreBeyond the Problem of Evil Essay6495 Words   |  26 Pagespunish human beings for something that he, by virtue of his omnipotence, seems (at first glance, at least) ultimately responsible for. Does Augustine assert that this seemingly untenable aspect of reality, which is implied by the conjunction of human perdition and divine omnipotence, is nothing? Or that it merely *appears* evil when considered in isolation from the totality of which it is a part? As we shall see, the answer is in one respect no, but in another, yes. The answer is no, insofar as AugustineRead MoreEssay David Berkowitz: the Son of Sam .44 Caliber Killer1950 Words   |  8 PagesThis theory maintains that people enter into law violating careers when they are labeled for their acts and organize their personalities around such labels. In essence, if you continuously told a person that he/she was a â€Å"worthless soul on the road to perdition,† that person may just end up in prison on their way to hell.†Ã‚  (para. 3). Due to the labeling which David endured in reality and in his delusions he was driven to a path that would cause criminal activity. This was a path that would lead him

The Cultural Analysis of Memento - 1208 Words

Memento is an odd but successful film, and it is also an outstanding and influential cultural work. As an unusual crime film, it uses unconventional non-linear narrative structure to tell a story that a man with a unique type of amnesia investigate his wife’s murder. However, if we watch carefully, we would find Memento involves the real social cultural background. Memento was released in 2000 when was the beginning to enter the 21st century. It was the time that technology was developing into another stage. There were many technological products in the markets. These products have changed our living ways, and in particular, they have made us record the memory in more various ways. The protagonist of the movie, Leonard Shelby, has a special condition which causes him to suffer from short term memory loss and not to be able to make new memory. He seeks to revenge the murder of his wife, so he uses extensive Polaroid photos, tattoos, and notes to help himself keep track of thing s. Otherwise, he would not have any idea about what or how to do, where to go and so on. The development of technology has let photographs and tattoos to become widespread. The Polaroid photos are created by a Polaroid instant camera which is a popular camera product. Today there are diverse camera products with different functions. Taking photographs has become a very common way to mark the memory. Tattoo is a type of folk artistic culture. People usually have special individual purposes to makeShow MoreRelatedUnderstanding Image and Visual Media Artifact Essay884 Words   |  4 PagesCritically analyzing of visual media artifact investigates visual culture. An analysis entails image interpretation of image equally applicable to genres of photographs as form of advertisement. In this paper, I will critically examine photographs. According to Barrett (2011) he suggested that critic starts with description that involves developing a list of facts concerning the subject matter within the image. Description is a data gathering process of photograph (p. 17). It’s als o establishingRead MoreInternet Archiving Preserves The Live Web Essay979 Words   |  4 Pageshttps://www.raddadi.com and Star28 https://www.star28.com. Then, we defined the boundaries of determining if the URI is characterized as a website written in Arabic language. We found that 7976 URIs satisfied this criteria. After that, we performed some analysis on those Arabic URIs. In our work we found four main findings. First, we found that 41% of Arabic websites are not archived and that 31% of Arabic websites are not indexed by Google. Second, we found that only 6.6% of the Arabic URIs had Arabic countryRead MoreLets Stay Abreast Program Paper1589 Words   |  7 Pages18.8% has a Bachelor degree or higher (U.S. Census Bureau, 2015). Since the population is predominantly African American, there may be some resistance to seeking medical care, due to mistrust of the healthcare professions and ritual practices and cultural beliefs. Also, due to the age of the population following-up with medical appointments or receiving annual/biannual mammogram screening may be difficult for this group of people. There may exist the inability for them to get around because of physicalRead MoreThe Care Of A Good Death Essay2064 Words   |  9 PagesIntroduction The purpose of this paper is to analysis the care of a patient who endured the death of her baby while in nursing care. In doing so, the components of the Framework for a Good Death (Emanuel Emanuel, 1998) will be discussed. The goal is to examine the factors that come into play when caring for a patient who is experiencing grief and loss, as well as examine the multidisciplinary health disciplines utilized to offer the best of care when dealing with end-of-life decisions. WhatRead MoreDjango Unchained Analysis Essay2230 Words   |  9 Pages Dr. Schultz is a very intelligent and ingenious person who knows how to use his qualities to maneuver through life. Or is it muscle and strength as depicted in Mandingo fighting? As Deborah Khoshaba comments in her essay â€Å"Django Unchained: Film analysis, downloaded May 13. Regardless of what the traits that makes us most fit to survive, Tarantino uses them very clearly in this film for us to consider our own human nature. Thus, to a certain extent, we all can relate to some of Tarantino’s charactersRead More The Relationship of Photographs, History, and Memory Essay5378 Words   |  22 Pagescontrast to earlier times--has been chronicled by a visual narrative that relies on the attraction of photographs as means of storing and disseminating information. Photographs emerge as documents of a lived experience, and their presence in the cultural milieu of technologically enhanced contemporary communica tion practices remains virtually unchallenged at the threshold to the twenty-first century. Photographs are the story-telling companions of time, they direct the gaze of the spectator toRead More Constructing Fantasy in Hitchcocks Vertigo Essay3254 Words   |  14 PagesConstructing Fantasy in Hitchcocks Vertigo The amount of critical analysis surrounding Alfred Hitchcocks Vertigo is itself dizzying, but as the film has recently been restored, it seems appropriate to provide it with a fresh critical reading. The purpose of this paper then, is to draw this film out of the past with a reading that offers not only a new way of understanding it, but a close look at the culture that produced it. Specifically, Vertigo offers its most exciting ideas when contextualizedRead MoreMarketing Plan for Islands Souvenirs6289 Words   |  26 Pages 4 * INDUSTRY GROWTH/DECLINE PATTERNS 4-6 * PRODUCTS AND SERVICES 6-7 * CUSTOMER/CONSUMER BEHAVIOR 8 I-B. COMPETITOR ANALYSIS 9-11 I-C. INDUSTRY ANALYSIS * PEST ANALYSIS 12 * PORTER’S FIVE FORCES ANALYSIS 13 II. COMPANY PROFILE II-A. COMPANY BACKGROUND 14 II-B. COMPANY ANALYSIS * SWOT ANALYSIS 15-17 * GROWTH SALES 18 II-C. COMPANY’S MISSION/VISSION; GOALS amp; OBJECTIVES 19 II-D. MARKETING STRATEGIES AND PROGRAMSRead MoreCauses Effects of Broken Relationship3780 Words   |  16 Pagesencompasses a wealth of different feelings, from the passionate desire and intimacy of romantic love to the nonsexual emotional closeness of familial. Thus relationship in its various forms acts as a major facilitator. For further proceeding to this analysis of impact of broken relationship we now need to clarify how different types of relations are built and what are the facts that lead those relations to an unfair end meaning â€Å"break-up†. Interpersonal relationship: is a relatively long-term associationRead MoreEssay about C228 Task 1 WGU4749 Words   |  19 Pagesbeing violent crimes and fifty-six being property crimes (Neighborhood Scout, 2015). There are 136 crimes per square mile in [city/county name]. The national average is thirty-eight crimes per square mile (Neighborhood Scout, 2015). B3. Cultural Assessment The Cultural Assessment Tool was used to evaluate the practices and beliefs of the community. By using this tool, assessment was focused on religious affiliation, household composition, and political affiliation. Fifty-seven percent of the population

William Shakespeare s Romeo And Juliet - 1287 Words

Lizzy Baginski English Composition 2 Mr. Spera March 10, 2015 Romeo and Juliet Research Paper The movie Romeo and Juliet is a modern classic film that took place in 1996. Overall this is a timeless story that everyone should go and watch. This movie has an intriguing plot line that tells the story of two feuding families, The Montagues and The Capulets, and how the children of these two different families fall in love. The two children overcome various obstacles such as hiding their chemistry from their parents because it is forbidden. In the 1996 classical movie, Romeo and Juliet, a tragic love story unravels between two star-crossed lovers also known as Romeo and Juliet by using the time period in Verona, the character Romeo, the location Italy and the power of true love. The classical movie Romeo and Juliet is told through the 1990’s time period in Verona. The 1990’s was an era that had innovative fashion trends and new evolving technology. The fashion style that most people wore in the 1990’s (90’s) was incorporated into the movie Romeo and Juliet. According to the â€Å"1990s News, Events, Popular Culture and Prices†, the 90’s fashion consisted of torn, stone washed jeans, flannel shirts, long hair, sneakers, baseball hats and more. Some of Romeo’s friends (the Montague’s) also wore tone stonewashed jeans and flannels which displays how the decade played a part in the movie. The 90’s was also a time period when technology started to boom and television became popular.Show MoreRelatedWilliam Shakespeare s Romeo And Juliet 966 Words   |  4 Pages Beauty Over Gold â€Å"Beauty provoketh thieves sooner than gold.--William Shakespeare, 1623. In his book As You Like It, William Shakespeare pointed out the supremacy of love rather than the want of gold and wealth. Truly, beauty is more important to thieves than wealth. Many of the thieves in this world would rather have an elegant woman than to obtain precious rubies. After all, what good is a prosperous man if he doesn’t have a charming woman? Two famous men grab my attention who didn’t fear forRead MoreWilliam Shakespeare s Romeo And Juliet Essay1024 Words   |  5 PagesRomeo and Juliet is a tragedy written by William Shakespeare early in his career about two young star-crossed lovers whose deaths ultimately reconcile their feuding families. It was among Shakespeare s most popular plays during his lifetime and, along with Hamlet, is one of his most frequently performed plays. Today, the title characters are regarded as archetypal young lovers. Romeo and Juliet belongs to a tradition of tragic romances stretching back to antiquity. The plot is based on an ItalianRead MoreWilliam Shakespeare s Romeo And Juliet1124 Words   |  5 PagesThe play Romeo and Juliet is a tragedy written by William Shakespeare early in his career about two young star-crossed lovers whose deaths ultimately reconcile their feuding families. It was among Shakespeare s most popular plays during his lifetime and, along with Hamlet, is one of his most frequently performed plays. Today, the title characters are regarded as archetypal young lovers. Romeo and Juliet belongs to a tradition of tragic romances stretching back to antiquity. Its plot is based onRead MoreWilliam Shakespeare s Romeo And Juliet861 Words   |  4 Pagesgreatly shown in the play Romeo and Juliet by William Shakespeare. It was love at first sight with Romeo Montague and Juliet Capulet. Meeting at a party and falling in love to get married without even spending quality time with each other. Romeo and Juliet couldn t tell there parents because the Capulets and Montagues are long term rivals. Both Romeo and Juliet had to find different ways and excuses to make this marriage work. A big problem was developed. Romeo kills Juliet s cousin and is banishedRead MoreWilliam Shakespeare s Romeo And Juliet1770 Words   |  8 Pagesof Romeo and Juliet. The story of two destined lovers who were killed by their own doing. But what if they weren t two destined lovers who got unlucky, but doomed partners that were never going to have a good-life to begin with.William Sha kespeare gives us a view of early signs of gang conflict in the early age of Verona, Italy. He gives us a perspective of the norms and customs of Italy during the Setting of William Shakespeare s most famous story. Romeo and Juliet, by William Shakespeare, givesRead MoreWilliam Shakespeare s Romeo And Juliet1616 Words   |  7 Pageslove can also cause some of life s most controversial battles. These battles could stem from lack of patience, disagreement of moral values, and in some cases, an absence of attraction overall. In Romeo and Juliet by William Shakespeare, the issues that drive Romeo Montague and Juliet Capulet s to each of their dreadful misfortunes are inevitable. When it comes to many of Shakespeare s plays, Aristotle s theory is used to describe them as tragedies. Romeo and Juliet is known by many as a tragedyRead MoreWilliam Shakespeare s Romeo And Juliet1264 Words   |  6 Pagestheater-going public the most important dramatist in English literature, Shakespeare oc cupies a well-known position in the world of talented authors. His canon contains thirty-seven plays, written in the late sixteenth and early seventeenth centuries. Additionally, throughout the years, they continue to sustain critical attention, with the majority of his works circling tragedies, one being Romeo and Juliet. William Shakespeare s Romeo and Juliet speaks to the timeless appeal of star-crossed lovers. Their loveRead MoreWilliam Shakespeare s Romeo And Juliet924 Words   |  4 PagesWilliam Shakespeare’s Romeo and Juliet is a tragedy that follows the so-called love of two teenagers. The two fall in love at a masked ball and have a secret marriage. Throughout the play, their actions show how ridiculous love is, and how it is a danger to anyone who become twisted in its choking grasp. However, in the death of the youth and survival of the elders, an alternative explanation for the tragic events may be found. Although Shakespeare seems to be mocking love throughout the play, itRead MoreWilliam Shakespeare s Romeo And Juliet1279 Words   |  6 Pagesour lives. The great, classic writers teach timeless, valuable life skills. Shakespeare was the greatest writer of all time. His writings mainly consisted of dramas and sonnets. Romeo and Juliet, as well as, A MIdsummer Night’s Dream were written about the same time period. He was able to inter relate everything that wrote. For example, the tale of Pyramus and Thisbe could possibly be an advertisement for Romeo and Juliet. The basic structure of the two dramas is the same; two forbidden lovers meetRead MoreWilliam Shakespeare s Romeo And Juliet1275 Words   |  6 Pagesauspicious and undulous Elizabethan Age made England the temperament of all sexual intercourse, educate, and most importantly, theatre. Romeo and Juliet, the masterwork buskin by William Shakespeare, employ spot in this period conclusion and relief the statement of two immature lovers whose sick-destined deaths finally conc lusion an old class dispute. The two, Romeo and Juliet, arrive from quarreling families who adamantly condemn of their concord. Thus, after intelligent each other for only a few days,

Internal Information Systems Audit Quality â€Myassignmenthelp.Com

Question: Discuss About The Internal Information Systems Audit Quality? Answer: Introduction The ABC Learning was established in the year 1988 and the company had a dominating position with thirty outlets at the end of the year 2000. The company was obliged with its listing in the year 2001 and this caused it expand its dominating structure by setting up over 650 centers distributed over United Kingdom, Australia, and the United Kingdom. Such a dominating company did collapse dreadfully whose credit can be given to the high expectations of the management and the failure of the auditor to show them the reality. 2007 was the year of the emergence of an emergency debt which had to settle on with the bankers which were also a leading cause of the dreadful collapse. This type of negotiation failure had resulted in non-payment of some of the long-term liabilities. These liabilities took serious figures and started affecting the cash flows in a way so as to decrease its value. All this also resulted in the decrease in the share price of the company. All this can be collectively sum marized as a bunch of flaws that were prominent on the part of the management and the auditors which played the key role in the collapse (CPA, 2012). Despite inviting the best in a class auditing firm, these flaws were prominent and repeated excessively. If the auditing firm had taken correct and potentially strong steps to handle the above situations, the company would have been saved from the collapse could have been prevented. But the unethical means of the auditors started to fetch the company some small profit gains which absolutely hid the unauthorized steps of the auditors. It was not at all clear that what procedure did the company followed to lure such expansion so fast though being a childcare division (Kruger, 2015). The steps followed by them could be an example for the companies in the same field to dominate the market and to enhance ones business. The important issue to be considered while preparing the financial statements It was seen that the auditors of the ABC always made ill-equipped decisions from the date they came into action in 2003 for the companys audit. Any profits gathered by the company before the year 2007 were strictly analyzed and taken into serious attention by the audit firm of Ernest Young in the year 2007. It was also seen that the KPMG Company stood up along with the ABC learning as a third party for the settlement of the demarcations. Both the dominating auditing firms worked in away so as to detect the flaws of the management. Both the companies worked as an audit company for the ABC Learning and represented different conclusions and decisions which was a clear-cut symbol of the ill-equipped judgment of the auditors which lead to the collapse of the company (CPA, 2012). Thus, despite having such auditing giants involved in the companys affairs, the company fell down dreadfully in a way unrecoverable. Major instructions coming into movements The transactions going on within the parties are depicted in the financial statements that were not done and this was also a major reason for the collapse of the company. All this was done so as to as to represent a clear and respected picture of the company which would hide its financial conditions and would help in the borrowing of funds from other sources without hindrance (Matthew, 2015). Finally, all this led to the reduction in the securities of the company which opened the manipulative gate of the depiction of the general transactions of the company to be shown as the sale of the securities which are legally registered in nature (Geoffrey et. al, 2016). It was also seen that the auditors took a different way and helped the management in hiding the factors that would degrade their respect in the market. Sales Proceed of the Investment Securities was the manipulated term which was given to the borrowings of the company and this is the reason why it was never recorded in the book of accounts. Such procedures were followed so as to eliminate liabilities which are weak in nature (Ghandar Tsahuridu, 2013). The cleverness of the company was on the part to earn more and more profits and as fast as possible to eliminate the loopholes that were prominent in the company (Gilbert et. al, 2005). The company also paid a massive amount of $74 million to the other third-party companies which were involved in the operations of the companys affairs. It was also a trial from the company to sponsor the Brisbane Bullets Basketball Team. All these transactions didnt hold any place in the major affairs of the company but in actual reality, these were also playing a crucial role in the collapse of the company. It was as per the records of the company. All this was due to the unethical means followed by the management and the team of the auditors. Non-handling of the related party transaction with care surely led to a situation of disrespect in the market which also led to its collapse (Teen, 2012). It was thought by the investors and the general public that the means followed by the management was done so as to benefit them individually. But the actual case depicts that the inconvenient use of the corporate governance mechanism and the steps undertaken by the audit team led to this dis integration. In short, he concept of corporate governance was altogether neglected and the innocent investors were duped by the management of the company. The above situation explains that the financial conditions and other facts were not exposed in the financial statements and the sheet contained data in a limited amount which the company wanted to depict (Mock, et. al, 2013). Thus, it can be said that if the auditors were strict enough to follow the ethical laws of auditing and would have warned the company then the collapse could have been prevented. Even the presence of big two giants in the field of auditing failed to prevent the collapse of ABC learning. Concealment of facts was done in order to present the company as a profit-making one. It can also be thought that if the auditors commented on the risks prevailing in the company than with the help of the management, the collapse could have been prevented or would have been delayed to some extent. (Tepalagul Lin, 2015) ASA 707 that relates to the communication of major audit concerns in the independent audit report It is a very important set of rules set up for increasing the clarity and the potential of the annual financial reporting which was released in the year December 15. The most important work of the this set of rules is to track and record all the crucial affairs of the company and to see that it is as per the ethical and legal rules which have been set up and if any emergency occurs then without wasting any time report it to the chief auditors and to the headquarters. This set of rules is very much important and acts as a boon to the users of financial statements which rely on these statements to decide their investments (Heeler, 2009). This helps the shareholders to check the financial position and the internal conditions of the company so as to save them from the losses that would occur because of the misstatements of the concealed facts and figures. This is a very effective way to offer clarity to the financial statements. But in the case of ABC Learning, it was evident that many o f the facts and figures were hidden which could have prevented y the auditors of the company (Ruhnke Schmidt, 2014). If in the case of the ABC Learning the ASA rules would have existed then the auditors would have been bound to follow all the ethical rules and there would have been zero concealments of the facts about the financial position and the internal affairs of the company which totally led to its dreadful collapse. Auditing matter that swamps the disintegration of ABC Learning If the ASA 707 would have been taken into attention as in the case of the ABC Learning then many concealed facts and figures about the company could have been exposed to the public, which would not only depict the financial position of the company but also its survival in the future. It should be now clear that the absence of the ASA 707 way a dominating factor in the collapse of the ABC Learning which could have been prevented. Flaws of the management, unethical means of the regulatory system in that sensitive span of time led to the major collapse of the ABC Learning. All this acts as a boon to the users of the financial statements of the company in a better way. Hiding of misstated leverage ratio of the firm The departments and the individuals that have been responsible for the collapse of the ABC Learning can be the crucial one in depicting points that have led to the total dreadful collapse of the company. It is clear from the above explanation that if the ASA 701 existed and was applied successfully in the companys auditing then the company could have been saved because it would bound the auditors to drop all unethical means and carry on the works genuinely (Coram et. al, 2011). The loss of respect for the auditing firm could have also been prevented. Failure to disclose the evidence Going through the ACCC interpretation, it is noticeable that the ABC downfall was not due to cut-throat competition instead the collapse had occurred due to financial blunders such as large acquisitions and high debt. The main reason behind the downfall was due to inefficiency in the system displayed by the management. The company was subject to provide true information about sales proceeds with their transactions in a manner that can comply with the provisions in the law for the transfers. Owing to large borrowings and transactions the company comes across its failure (Hoffelder, 2012). Therefore, the fall of the entity can be associated due to the flaws that the financial information projected. In addition to that, the financial institutions also stopped leading to the entity for short-term borrowings against securities as collateral. This culminated in the failure to respond to the business obligations on part of ABC work culture and all these situations take place after the exist ence of massive debt and liabilities in the financial framework of the entity resulting in big complications in operating the business to the situation and ultimately the entity disintegrated at the end (Teen, 2012). The financial framework rested on a very weak ground and the same was ignored by the auditing firms that lead to the major issue. Non-disclosure of wrong transactions in notes to the financial statement and audit report The company on its part indulged in inappropriate transactions which are obligatory to be mentioned in the financial statement and audit report. Instead, the management has made arrangements to hide the same because it would be sensitive due to huge borrowings and other constraints (Messier, 2013). Apart from this, the unaltered leverage ratio would also bring to light in the eyes of the investors in the firm if they had not camouflaged the same. The auditors played a vital role in concealing the information in improper transactions done by the firm that would have caused major influence, ultimately decided to conceal the same in the audit report (Holland Lane, 2012). Approval of transactions in order to influence the financials The management had taken many compromises without concerning the auditors as the financials of the company were based on sticky grounds, leaving no scope for the auditors to identify the irregularities and continued with the same informations whereas many transactions were provided as investments in the financial report. It was the fundamental duty of the auditor to cautioned the management of the company about the same and the consequences that would arise out of this (Carcello, 2012). Moreover, the management of the company aspired to characterize its equities as collateral instead of fixed income securities so as to smoothly carry out related party transactions. Classification of inappropriate resources In the company, the bulk of short-term transactions were improper and accounting was not in accordance with the provisions. Moreover, the securities were interpreted as collateral and were later removed from the records (Jubb, 2012). To add to this, the company also undertaken the exercise to reduce its liabilities to reflect the image that the securities are being provided to the parties as compensation resulting in a decline in the leveraged portfolio. All the debt accomplished by the entity was also supposed to be reflected in the financial statement of the company until they are repaid (Christensen, 2011). Nonetheless, the transactions were illustrated as sales so that the securities sold could be deducted from the assets and there could be no liabilities reflected in the financial statements. Faulty transaction in the financial statements and approval provided The management and the auditors in the company were shrewdly illustrated the significant securities transactions as nominal alterations in the financial statements. The company also restores to emphasize that the repurchase of the securities was done at a nominal cost and the same was camouflaged under large-scale derivatives. Further, the management and the auditors of the company restored to reflect those transactions in the notes attached to the financial statement (Blay et. al, 2011). To sum up, the auditors are morally responsible to point out all irregularities done by the company to carry out the business and disclose the same in their audit report. Recommendation When it comes to the transparency of the company in terms of financial reporting, it is important that both the internal, as well as a statutory auditor should have a strong presence of mind and ensure that all the activities are directed in the correct direction. Hence, the auditors must act in the best interest of the company because it enhances the functioning of the company. Further, the auditors should ensure that the auditing process must be strong so that any misstatement can be easily reflected and the stakeholder interest can be safeguarded (Bedard et. al, 2014). Moreover, the auditor must ensure a compliance with the relevant accounting standard and this aid in presenting a better picture of the company. There must be strict control and supervision of the ethical system that will lay a foundation of strong governance and presentation. Conclusion To attain the best practices and to ensure better compliance it is essential that the organization must follow the accounting policies that have been laid down. The reporting and compliance should be done considering the impact of each and every financial procedure. It needs to be noted that the failure to adhere to the regulations will have a negative impact on the organization. The facts and figures of ABC learning is an apt example of the collective failure. 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