The Allegory of the Cave by Plato Essays - 1111 Words

The Allegory of the Cave by Plato The Allegory of the Cave, by Plato, explains that people experience emotional and intellectual revelations throughout different stages in their lives. This excerpt, from his dialogue The Republic, is a conversation between a philosopher and his pupil. The argument made by this philosopher has been interpreted thousands of times across the world. My own interpretation of this allegory is simple enough as Plato expresses his thoughts as separate stages. The stages, very much like life, are represented by growing realizations and newfound pains. Therefore, each stage in The Allegory of the Cave reveals the relation between the growth of the mind and age. The first stage of the excerpt,†¦show more content†¦Although, when they do encounter new experiences, they sometimes learn that the experience has caused them great pain. In addition, teenagers may change their vision of life. Usually teens become hardened and more used to pain; they become more familiar with the real world. Even though many teenagers feel they have experienced a great deal of pain and think they know it all, they have not witnessed an extremely harsh life until completely on their own. Adult life is what Plato intends to symbolize in the next stage, when the people are forced to see the sun. In this stage, the people are brought up a steep ascent and forced to gaze into the sun. Once more, the people experience sharp pains as they are not used to the light of the sun. The pains of adulthood may be anything including relationships, jobs, and finances. After those who are forced to stare at the sun have grown accustomed to it, they see the big picture and have greater awareness. Adults too have to persevere through their own pains, but the reward is worth it: a family, job, house, etc.. And when he remembered his old habitation, and the wisdom of the den and his fellow prisoners, do you not suppose that he would felicitate himself on the change, and pity them?(6) After seeing the light of the sun and contemplating on previous stages in life, the people pity the time spent in theShow MoreRelatedAllegory Of The Cave By Plato1722 Words   |  7 PagesAllegory of t he Cave Human experiences are an everyday aspect of individuals lives. The way individuals see, touch, smell, feel, and even remember is through unique experiences. People do not realize it, but our everyday life and community shape how the mind experiences certain events. Because of these, the way individuals see the world is different from person to person. The mind interprets the world around the individuals, however, it can only interpret what it is exposed to. It is up to the individualsRead MoreThe Allegory Of The Cave By Plato1511 Words   |  7 PagesIn our class, we read three powerful and meaningful texts. We started by reading The Allegory of the Cave by Plato, a Greek philosopher who lived from 428-347 B.C.E. This text led to our reading of The Four Idols by Francis Bacon, an English philosopher who came much later than Plato and lived from 1562 to 1626. Lastly, we read The Word Weavers/World Makers by Neil Postman, who lived from 1931-2003. There seems to be a recurring theme in which they themselves deal with ideas of knowledge and illusionsRead MoreAllegory of the Cave Plato6021 Words   |  25 Pagescomfortable with this unawareness because it is all we know. Platos Allegory of the Cave† captures the essence of the journey to enlightenment. Clearly, the thought of sameness and normality thinking has transcended from Platos time to today. Thus, the allegory is relevant to contemporary essential life. Organizations are known for fostering a culture of group thinking. The danger inherent in group thinking is the object lesson that Plato tries to convey. When we refuse to engage in critical thinkingRead MoreThe Allegory of the Cave by Plato916 Words   |  4 PagesThe â€Å"Allegory of the Cave† by Plato represents the differences in the way we perceive reality and what we believe is real. In his story, Plato starts by saying that in a cave, there are prisoners chained down and are forced to look at a wall. The prisoners are unable to turn their heads to see what is going on behind them and are completely bound to the floor. Behind the prisoners, puppeteers hide and cast shadows on the wall in line with the prisoners’ sight, thus giving the prisoners their onlyRead MorePlatos Allegory of the Cave1093 Words   |  4 PagesPlatos Cave begins by explaining the conditions of the people inside the cave. The people inside sit side by side. Their hands and legs are chained to the ground. They face a wall in the cave. The cave is illuminated by a fire behind the people. On the wall, there are projections of shadows created by the fire and objects that passes by fire. The prisoners dont know this, of course, because they are bound so tight that they cant turn their heads. There are people that are carrying objects to createRead MorePlatos Allegory of the Cave.1145 Words   |  5 PagesIn Plato s The Allegory of the Cave, Socrates tells an allegory of the hardship of understanding reality. Using metaphors Socrates comp ares a prisoner in an underground cave who is exploring a new strange world he never knew of to people who are trying to find a position of knowledge in reality. Through it, Plato attempts to map a man s journey through education and describes what is needed to achieve a perfect society. According to Socrates, most people tend to rely on their senses excessivelyRead MoreAllegory Of The Cave By Plato974 Words   |  4 Pages Have you ever felt so trapped in a small space you began to lose your mind? In Plato’s short story, â€Å"Allegory of the Cave,† the author uses allegory as a means to justify that the world is a reflection of more perfect and ideal forms. As the story begins, Plato’s teacher, Socrates, presents a world of alternate reality to Plato’s brother Glaucon by telling him to imagine a cave full of prisoner’s who have been chained their entire lives. The shadows, voices, and figures given to them by the puppeteersRead MoreAllegory Of T he Cave By Plato934 Words   |  4 Pagesour lives, every person has asked themselves a varied version of the same questions: What is â€Å"reality†, moreover what determines our perception of reality, and what am I supposed to do with (or about) it? Throughout â€Å"Allegory of the Cave,† Plato attempts to answer these questions. Plato suggests that humans have a constrained view of the world, and that reality consist of two different perceptions, a bodily eye† and a â€Å"mind’s eye.† The â€Å"mind’s eye†, the hypothetical site of visual recollection orRead MorePlato s Allegory Of The Cave1716 Words   |  7 PagesIn Plato’s, Allegory of the cave, a key theory I found was the importance of education. Plato uses an â€Å"allegory to illustrate the dilemma facing the psyche in the ascent to knowledge of the imperishable and unchanging forms† (104) Based on my research of the republic, the allegory can reveal multiple h idden messages. Plato describes, ordinary mortals are chained within an underground chamber, which according to Fiero, represents the psyche imprisoned within the human body. These mortals can’t lookRead MorePlato s Allegory Of Cave1979 Words   |  8 PagesJaneva Walters December 6, 2016 Dr. T. Brady ENG 391 Plato’s Allegory of Cave The allegory of the cave is regarded as one of the most reputed and acclaimed works by the Greek philosopher Plato in modern literature as well as philosophy. First published and presented in his work known as a Republic (514a–520a), the dialogues that have been used as conversation can be regarded as fictitious as the main conversation takes place between Plato’s brother Glaucon and Socrates. First and foremost, allegorical

Road Rage Essay - 1743 Words

How can a normally patient person turn impatient behind the wheel? This is called road rage and it may not sound like much but it actually is deadly. According to RoadRagers.com road rage is â€Å"the informal name for deliberately dangerous and/or violent behavior under the influence of heightened, violent emotion such as anger and frustration, involving an automobile in use.† Throughout this paper I will be discussing road rage through the perspective of sociologists, psychologists, the causes of road rage, and signs of road rage so you can avoid them, avoidance of road rage and legal actions against road rage. Road rage does not discriminate; it happens to new drivers and veteran drivers. Before I discuss the first perspective; I am†¦show more content†¦This can manifest itself in a variety of different ways, including the abuse of alcohol and road rage (Mann). Also, people who have road rage are almost always involved in alcohol related accidents. People who e xperience road rage while under the influence of alcohol have no idea what they are doing. This brings us to the psychological view of road rage; because it is known that alcohol affects the body and brain whenever it is consumed. A psychologist would note that the cause of road rage is the car. Psychologist Leon James stated that a car â€Å"is also a cultural and psychological object, associated with the driver’s internal mental and emotional dynamics, our ego† (Schmitt). Cars are seen as powerful objects and when a person gets behind the will of a car they have a great sensation of control flow through their bodies. They feel that they are controlling such a powerful object that they are powerful; that feel as they are in control of the road and if anyone gets in their way, they have the right to put the other driver in their place. Most drivers that think of themselves as in control put other drivers in their place by using road rage. For example,Show MoreRel atedRoad Rage660 Words   |  3 PagesAnalysis 1 – Road Rage Road Rage has become a widespread hazard on the nation’s congested, fast-paced roads, especially on highways. In fact, Road Rage is a serious national problem. Do you curse and honk your horn if a driver tries to cut you off, or slam on your brakes to annoy someone who’s tailgating? Aggressive driving, better known as â€Å"Road Rage†, occurs when furious motorists lose their temper over traffic disturbances. Almost every day you hear of another incident involvingRead MoreEssay on Road Rage645 Words   |  3 PagesRoad Rage   Ã‚  Ã‚  Ã‚  Ã‚  Road rage doesn’t just happen in the United States or just to people you don’t know. Road rage is widespread it happens all over the world where cars are used. Tt can happen to family members and friends. There are many different ways we can educate and help stop road rage occurrences. Some solutions would be to educate school students when they get their licenses. Also educate the public with billboards, commercials, radio commercials and others. To stop reoccurring road rage problemsRead MoreDriving On The Road Rage863 Words   |  4 Pagesdestination. When you are driving on the roads, you will likely encounter an aggressive driver. They usually make themselves noticeable by cutting people off and yelling at other drivers. They seem to always be in a rush to get to their destination so they will do what they need to do to get there. Other aggressive drivers can be the type to yell and curse at other drivers because of frustration which is known as road rage. Someone that has road rage typically will get upset over something thatRead MoreRoad Rage: Causes and Solutions Essay1419 Words   |  6 PagesRoad rage is a major problem in the United States, anger causes stress, fear , and accidents to our roadways everyday. In this essay we will define road rage, look at the causes and effects, and come up with solutions on how to avoid an altercation with an aggressive driver who has road rage. Road rage doesn’t always involve two drivers, sometimes it deals with a driver and a pedestrian. We need to learn to deal with the an ger, and prevent violence toward others on the road. Road rage affectsRead MoreRoad Rage in the United States: Causes, Effects, and Solutions1896 Words   |  8 PagesRoad Rage in the United States: Causes, Effects, and Solutions Thesis Road rage is a major problem in the United States, it causes anger, fear , and accidents to our roadways everyday. Introduction In this essay we will define road rage, look at the causes and effects, and come up with posssible solutions on how to avoid an altercation with an agresssive driver who has road rage. I will try to encourage you to learn how to share the road , with not only other drivers, but also pedestrainasRead MoreRoad Rage1514 Words   |  7 PagesThesis: Road rage is a major problem in the United States, it causes accidents, anger, fear, and danger to our roadways everyday. Audience: Anyone who struggles with anger management while driving, or the typical aggressive driver. Also teenagers, adults, and elderly people. Purpose: To inform all drivers of the unsafe and unpredictable behavior present on our roadways. Also to help understand road rage is a problem people have becauseRead MoreRoad Rage1653 Words   |  7 Pagesthe crematories (Wiesel 30). Elie Wiesel remembers when Mengele was selecting more victims but just by marking their number down. Luckily Wiesel was not selected but more or less hid his number from the doctor as he was running past. The end of the road was near for those who had gotten marked down in the doctors little book (Wiesel 68). Though selection was a big piece of the Holocaust so were the medical experiments held by Dr. Mengele on innocent victims of the Holocaust. His experiences are veryRead MoreRoad Rage870 Words   |  4 PagesA coin is tossed four times. The probability is  ¼ or 0.25 that all four tosses will result in a head face up. Answer Correct Answer: False A firm offers routine physical examinations as part of a health service program for its employees. The exams showed that 8% of the employees needed corrective shoes, 15% needed major dental work and 3% needed both corrective shoes and major dental work. What is the probability that an employee selected at random will need either corrective shoesRead MoreRoad Rage - Essay966 Words   |  4 PagesCan You Define Road Rage? It seems like you can#8217;t drive more than two miles today without encountering road rage. Some say that road rage is a national epidemic more dangerous than drunk driving. Others find it to be a perpetual but insignificant problem. Needless to say, almost everyone agrees that road rage is an actual attitude that can be observed on most American roadways. But what is road rage? Is it some kind of medical condition? A certain habit or behavior? Or maybeRead More Road Rage Essay1533 Words   |  7 PagesThesis:Road rage is a major problem in the United States, it causes accidents, anger, fear, and danger to our roadways everyday. Audience: Anyone who struggles with anger management while driving, or the typical aggressive driver. Also teenagers, adults, and elderly people.   Ã‚  Ã‚  Ã‚  Ã‚  Purpose: To inform all drivers of the unsafe and unpredictable behavior present on our roadways. Also to help understand road rage is a problem people have because of their attitude and they bring harm to others. Publication:

Chula Vista Nature Center Free Essays

The Chula Vista Nature Center Tamitha Y Sprenger SCI 256 March 29, 2012 Tim Boyajian Chula Vista Nature Center San Diego, to many it’s a land of dreams from coastal backyards to mountain views as well as many areas that imitate the dessert like climates of Arizona. However, it is not just a home for people, but also for many animals and plants as well. California has partnered with the U. We will write a custom essay sample on Chula Vista Nature Center or any similar topic only for you Order Now S. Fish and Wildlife Service and California fish and game to help protect the diverse species of plants and animals that share the lush beauty of this land. One way they are striving to accomplish this task is through the Multiple Species Conservation Plan (MSCP). One organization that assists in the restoration of the native plant and animals of Chula Vista is the Chula Vista Nature Center. The Chula Vista Nature Center is a nonprofit organization dedicated to providing environmental education on coastal resource conservation, and building a respect for wildlife in the lives of the people. It rests on the 316-acre Sweetwater March National Wildlife Refuge, and provides an interactive learning experience by introducing the guest to the way the native creatures live in their natural habitats. Some of the interactive exhibits include the turtle lagoon, the shark and ray experience, and the native plant gardens. One can even see burrowing owl nests and the bald eagle. At the native plant and garden visitors will be provided with staff fully knowledgeable on composting gardens. These staff members will then give a demonstration that will teach visitors how they can help make home gardens healthy and safe by reducing the use of toxic fertilizers that destroy the native plants. Some of these native plants guests will be able to enjoy are the Shaw’s Agave, Sagebrush, Coast Barrel Cactus, The California Wild Rose, and many more. With these beautiful and fragrant flowers guests will also enjoy butterflies, hummingbirds and other native birds. The Chula Vista Nature Center takes guests on an underworld adventure though the Discovery Center. Here, one will learn about the Rainbow Trout, California Lobster, Red Diamond Rattlesnake, Moon Jelly and more. Guest will find them selves traveling though the bay, to the marshlands and then into upland areas as they stroll through the Discovery Center. Interactions with humans for these plants and animals are beneficial to their survival. Without the knowledge of s disasters that put them in danger of extinction many of these creatures will have already been gone, and humans will only learn of them from books. With the help of The Chula Vista Nature Center, these native creatures will have a chance to grow, and live as they were meant to live. Humans will experience the beauty of the land, and the natural resources that are provided for them by the land. Human life does not come solely from their attempts to grow their own plants, or breed their own animals. It comes from working together with the plants and animals that naturally live and grow in the environment. References County of San Diego (2009). MSCP Biology. Received March 26, 2012 from http://www. sdcounty. ca. gov The Chula Vista Nature Center (2010). The Chula Vista Nature Center. Received March 27, 2012 from http://www. chulavistanaturecenter. org How to cite Chula Vista Nature Center, Papers

Auditing and Assurance Services Liability Limitation

Question: Discuss about the Auditing and Assurance Services Liability Limitation. Answer: Introduction Qantas Airways Limited as nicknamed The Flying Kangaroo was founded in 1920 and is today the largest airline in Australia in terms of fleet size and international destinations. Qantas acknowledges that it has reached the heights due to the strong past of the staff, customers and the manner in which the partners of the business associated. It has a long history of events as it is tagged as a recognized brand and pioneer in the airline industry. The flawless service provided to its customers takes it to the apex of the aviation industry. Its principal competitors are Air New Zealand Limited and Virgin Blue Airlines Pty Ltd. Qantas has been posting good profits which are signs of the successful management action. It has entered into strategic partnerships with airline operators around the world with a view to retain its place in the global aviation industry. Qantas is also a member in the oneworld alliance that is led by British Airways and American Airlines (Kitney, 2014). Thus Qantas can be seen as spreading its wings to achieve growth and maintain the formidable position it has created in the market. The current report aims to shed light on Qantas Airways in terms of audit risk that the company faces in its course of activity. Audit Risk Areas Internal Control Description As per the Management evaluation, the risks that could potentially impact the results and performance are: Variations in the aviation fuel prices, Ever increasing competition by the operators both domestic and international, exchange rates fluctuations , Performance of the engine suppliers and key aircrafts, Industrial relations and regulations, Government and national aviation regulators, Outbreak of war or such other natural disasters, Weakening of the global or Asian economy, Technology updates in the operations, variations in credit rating, Any vital incident in the aviation industry, Operation of the alliance partners on the removal of the vital alliance of airline. The Management follows the Policy of Proactive preparedness for these risks and such other risks that concerns Qantas. The Management is responsible for the establishment of policies, procedures and internal controls. These internal controls are designed in a way that the group achieves its objectives of perfect work, operational efficiency, financial reporting reliability and legal and regulatory compliances (Kruger, 2015). As time, quality of services and safety are utmost essential while operating in the aviation industry, Qantas has designed the internal controls to cover the same. The constant review and update of internal controls is an ongoing process as the internal controls have to be in place for identifying, evaluating and managing the significant risks that the Group is likely to face. As risk cannot be completely eliminated, the internal controls are designed for the effective management of the ongoing risks (Lapsley, 2012). Risks are identified by different departments in a self-written assessment procedure carried out by the Group. The Risk Registers are updated accordingly and the Executive Management Committee makes the required changes in the internal controls to incorporate the same. The internal and external auditors assess whether the internal controls are satisfactory or not and advise the Board accordingly (Hoffelder, 2012). The Audit and Risk Committee has to act on the reports of the auditors with reference to the adequacy and effectiveness of the internal controls, summary of the key issues and work schedules, actions to be taken if any, so on and so forth. In terms of financial controls, adequate checks are established to monitor the pricing at various times and whether these fluctuations are a result of the changes in demand and supply (Ryan, 2015). The internal controls are also designed to monitor the market disclosures and communications regarding share dealing, data privacy, corporate social responsibility, business ethics and legal policies (Hoffelder, 2012). Health, safety and environment related audits are carried out and the required controls are placed. There are also various executives and designated staff at every level to eliminate the possibilities of any lapse or mishap. The Code of Conduct and Ethics is reviewed and revised on a time to time basis to incorporate the amendments and enhancements (Cappelleto, 2010). Thus it can be seen that internal controls almost cover the entire groups operational performance and the timely working of these controls increases the effectiveness and makes Qantas a trusted brand among its frequent flyers (Heeler, 2009). Impact of Audit Risk on companys financial statements The impact of audit risk on financial statements can be understood by first having a look at the business risks. As business risks are wide and diverse, the auditor has to use professional judgment in classifying the risks across various levels and then incorporate audit procedures for the mitigation of these risks. Audit risks are different from business risks in a way that the business risk is known to the owner of the business whereas audit risk can be defined as risk that the auditor provides an opinion that is inappropriate on the financial statements based on the analytical procedures and other auditing requirements complied by the auditor (Gay Simnet, 2015). Hence, the element of danger is contained in both. The audit risk can only be managed by an auditor while financial risks can be tackled by the company and does not necessarily need the presence of an auditor. A few such risks are discussed hereunder: The hedging contracts and programs are entered into on the basis of the management expertise and this is subject to the inherent audit risk of fuel and foreign exchange volatility. Hence the audit procedures should include the provision for inspection of these contracts and the inspection of the same with the risk management planning and procedures of the Group (Horngren, 2013). As technology is advancing, it is essential to be updated with the systems and incorporate the updates in the legal and regulatory framework in the hardware and software. This will help the business in the long term perspective. The IT contingencies and failures are also significant risks that can have an impact on the financial statements of the company. If the IT procedure is not able to meet the expectations then the business is bound to face crisis (Gilbert et. al, 2005). Hence the auditor has to obtain external confirmations and certification about the updated hardware and softwares operational effectiveness as information technology system failure is a significant risk. Variations in credit rating also have an impact on the financial statements. If there is a sudden change in the credit rating, it leads to lessening of the goodwill. Therefore, the companies try to maintain a stable credit rating because too much fluctuation is not a good indicator. For this reason, the inflows and outflows have to be inspected, financial agreements and liquidity positions have to be analyzed and the implications of the changes in credit rating on various avenues has to be studied (Kaplan, 2011). There could be a major withdrawal of investment or such other partnerships or alliances that pose significant risks. Human Resource is the most vital resource for any organization. Hence the worker and labor agreements have to be inspected. The working conditions have to be inspected from time to time to ensure that the environmental, health and safety standards are being met by the company always. The climatic conditions of countries all around the world also needs to be considered in the aviation industry (Livne, 2015). Unscheduled delays can lead to huge financial losses and also loss of reputation. This is because the work tends to stretch and hence, completion of the work does not take place at the accurate time. The economic trends of the company are significant in determining its future course of action. A trend determines the future course of activity and helps the stakeholders in knowing the potential of the company. Therefore, the trend is given strong emphasis. Unusual fluctuations from its known path can bring operations to a peril and so the risk is evident. The projects planned have to be assessed to find out the practicality of the same. Thus it can be seen that the financial statements can be affected by a lot of factors related to audit risk. For instance, if the company decides to sell of a subsidiary that is not performing very well and has a low market value, then the holding company might not be able to recover the complete sale amount in the transaction. The audit risk out here is the subsidiarys financial result that is altered to enhance the market value of its share before the occurrence of sale or the transactions that are related party. It happens with such a subsidiary might be tainted in such a way to enhance the subsidiarys market perception. There are similar kinds of risks associated with mergers, acquisitions and joint ventures (Manoharan, 2011). The auditor also has to determine if any of the risks are a threat to the going concern of the company. Though audit risks are different from business risks, it can be seen that the identification of business risks also leads to the potential for detection of audit risk (Roach, 2010). In the light of corporate scandals during the recent years, the responsibilities of the auditors are becoming more questionable. The scandals in the past have put enormous question on the skills of an auditor. Hence the Top down Approach has to be followed where the auditor has to gain understanding of the entity, its business risks and how these risks can turn out to be audit risks due to misinterpretation or lack of complete information or understanding. The auditor needs to gain an insight into the operation of the company so that an accurate view of the companys operation can be provided (Merchant, 2012). Thus audit risk on the financial statements cannot be quantified and can range from zero to maximum. Auditing Procedures of Qantas The Audit Committee has been established consisting of only Non-Executive Directors, at least three members, financially literate members and at least one member having financial expertise. The objectives of the audit committee are maintaining integrity in financial reporting, legal and regulatory provisions compliances, effectiveness of the risk management and internal control framework throughout the organization and overseeing the independence of the internal and external auditors (Messier Emby, 2005). The Committee also ensures to undertake the Principles and Recommendations laid down in the ASX Corporate Governance Council. Thus the audit committee assists in fulfilling the corporate governance objectives, financial reporting and audit risk management areas. The Audit Committee has to assess the draft in six months and annual financial statements of Qantas whether it represents the correct details about the company. The compliances of the company are verified with Standards of Accounting, unusual transactions that are vital and estimates of accounts, major changes in policies. The Audit Committee also reviews the Declarations signed by the Key Managerial Personnel with reference to the Corporations Act and ASX requirements. In the areas of legal and regulatory compliance, the audit committee along with the Board, CHESS and the management of Qantas monitors the compliance with reference to the Continuous Disclosure requirement by ASX and other legal and regulatory obligations. The internal policies and procedures are also tested by the Audit Committee. The Audit Committee will also consider the implications of any new or proposed accounting or tax practices, disclosure requirements, principles or developments as a result of the legal and regulatory pronouncements on the Group. Thus the Audit Committee is entrusted with the overseeing of the legal and regulatory requirements. The Risk Management and Control framework is audited by the Committee after taking into account the work done by the Management, CHESS and Board. The establishment, implementation and operation of the risk management systems are checked by assessing and monitoring the material business risks of the Group. The Audit Committee will also study the reports by the internal and external auditors regarding the deficiencies in the internal controls and the response of the management to such qualifications. The Committee also confirms if there are adequate provisions for receiving confidential anonymous complaints, retention and treatment of such complaints (Baldwin, 2010). The Audit Committee will also recommend the appointment, reappointment, replacement of the external auditors, and rotation of partners, review audit plans and engagement letters, review the identified risk areas and overall scope of the audit, review the overall independence of the external auditors and resolve conflicts between the Qantas Management and external auditors regarding financial reporting. The Audit Committee will ensure the approval of the appointment, remuneration and internal auditor replacement, review and approve the audit plans, audit budgets, quality control procedures and confirm the independence of the internal auditor. The Audit Committee also maintains a separate line of communication with the audit committee to ensure that there is full and frank disclosure of information. Recommendation There are many challenges ahead for Qantas in maintaining safe operations and world class product standards while building a competitive and viable position of the airline in the long term. Having developed a strong monopoly in the Australian market, it is time Qantas focuses on becoming global and increasing more international destinations. Also Qantas has to ensure that no other airline gets the majority market share in Australia. As it has a high growth rate and rich cash cycle, the global slowdown might not impact Qantas. It still has to increase the investments in Research Development to ensure that it stays updated with the technological advancements and does not miss out on the same. Qantas has to be prepared for increasing interest rates and raw material costs which might prove to be a financial burden or liability (Ryan, 2015). Thus it is recommended that Qantas continues operations at this rate with customer service being its top priority and it can retain its position. Conclusion The journey of Qantas has been thus seen and it takes a lifetime to build and run a successful aviation company. The challenges, ups and downs have to all be efficiently managed and monitored. As Qantas is in the hands of strong management and good governance, it has been able to build the positive image and stands a priority in customer choice. The strong image of the company is by dint of management that is able to meet the shareholder expectation and provide solidity to the working. Moreover, it meets the changing scenarios and competition in a strong fashion that highlights the efficiency of the management. Further, it needs to be noted that the role of an auditor is manifold when it comes to the success of the company. The identification of risk at an early stage highlights the skills of the auditor. It enables the company to succeed in the long run. Further, Qantas meet the expectations by dint of its operation and strong governance. The position is has attained highlights the performance and recognition it received from the customers. References Baldwin, S 2010, Doing a content audit or inventory, Pearson Press. Cappelleto, G. 2010, Challenges Facing Accounting Education in Australia, AFAANZ, Melbourne Gay, G; Simnet, R 2015, Auditing and Assurance Services, McGraw Hill Gilbert, W. Joseph J and Terry J. E 2005, The Use of Control Self-Assessment by Independent Auditors, The CPA Journal, vol.3, pp. 66-92 Heeler, D 2009, Audit Principles, Risk Assessment Effective Reporting, Pearson Press Hoffelder, K 2012, New Audit Standard Encourages More Talking, Harvard Press. Horngren, C 2013, Financial accounting, Frenchs Forest, N.S.W, Pearson Australia Group. Kaplan, R.S. 2011, Accounting scholarship that advances professional knowledge and practice, The Accounting Review, vol. 86, no. 2, pp. 367383. Kitney, D 2014, Qantas strikes joint venture deal with China Eastern, viewed 24 September 2016, https://www.theaustralian.com.au/business/aviation/qantas-strikes-joint-venture-deal-with-china-eastern/news-story/20fd9b7a6466841aa9bfaa6725c78a36 Kruger, Philipp 2015, Corporate goodness and shareholder wealth, Journal of Financial economics, pp. 304-329 Lapsley, I. 2012, Commentary: Financial Accountability Management, Qualitative Research in Accounting Management, vol. 9, no. 3, pp. 291-292. Livne, G 2015, Threats to Auditor Independence and Possible Remedies, viewed 23 Amrch 2016, https://www.financepractitioner.com/auditing-best-practice/threats-to-auditor-independence-and-possible-remedies?full. Manoharan, T.N. 2011, Financial Statement Fraud and Corporate Governance, The George Washington University. Merchant, K. A. 2012, Making Management Accounting Research More Useful, Pacific Accounting Review, vol. 24, no. 3, pp. 1-34. Messier, W Emby, C 2005, Auditing Assurance Services: A systematic approach, McGraw-Hill. Parker, L, Guthrie, J Linacre, S 2011, The relationship between academic accounting research and professional practice, Accounting, Auditing Accountability Journal, vol. 24, no. 1, pp. 5-14. Roach, L 2010, Auditor Liability: Liability Limitation Agreements, Pearson. Ryan, P 2015, Qantas defends safety record amid audit report, viewed 24 September 2016, https://mobile.abc.net.au/news/2007-03-21/qantas-defends-safety-record-amid-audit-report/2222502.