Relate the quotation selected to the theories of tourism and impacts Research Paper

Relate the citation chose to the speculations of the travel industry and effects and manageability - Research Paper Example While this alongside other such areas around the globe are rapidly turning into the must-watch problem areas of wetland goals, it is basic to perceive how far the travel industry is blossoming with both improving the economy and securing the swamps by economical upkeep. Since wetlands offer fundamental types of assistance, for example, water, food and vitality, the indigenous individuals will have a desire to secure the marsh, for the most part as their very own feature convention and culture (Chang 2010, p. 190). Simultaneously, the travel industry is interconnected with social, prudent and ecological components of the network. Overall, the travel industry has the ability to produce employments and related organizations. Consequently advancement in the travel industry should be supportable, so a) the reasonability of ventures and exercises can be kept up for a long haul on the financial front, b) a more prominent regard for human rights, that is perceived with a fair-minded distribu tion of advantages to kill neediness, could be picked up on the social front and c) preserving and overseeing of assets, organic assorted variety and characteristic legacy become need on the ecological front. In actuality, economical the travel industry would advance a craving in the majority to appreciate green the travel industry, for instance, leading a progression of world class interviews on why the travel industry is blasting in Cuba, Jayawardene (2002. p 57) found that â€Å"the government’s center around and consideration regarding economical the travel industry development† was the primary explanation behind the travel industry prospering in Cuba. It shows that traveler inclinations are progressively affected by manageability concerns; that is the reason, as indicated by Taleb Rifai (Secretary General World Tourism Organization), â€Å"today, ecotourism, nature, social experience, provincial and network the travel industry are starting to lead the pack in the travel industry showcases and are anticipated to keep developing more quickly than customary the travel industry items. Wetlands the travel industry is in this manner remarkably positioned in the developing situation of green tourism† (2012). Thinking about the developing prevalence of greener goals, there is a critical need of supportability in wetland the travel industry the executives. The arranging of arrangements and mindfulness ascending on this issue should be centered around the likely estimation of the wetland the travel industry with respect to the monetary advantage it can bring into the indigenous society. The investigation of the Fatt’an wetlands in Taiwan closes by expressing that attention to the neighborhood individuals is the way in to the accomplishment of any feasible administration program (Chang 2010 pp 198). Notwithstanding, numerous wetland models the world over would uncover the dangers and results of having unreasonable administration in wetlan d the travel industry. Numerous nations have presented wetland the travel industry approaches, however they have not set feasible methodologies enough perceiving the job of wetlands. Thus, a portion of the African nations including Kenya, Namibia, etc couldn't yield the product of wetland the travel industry (Earth Watch). So also, the negative consequences coming about because of impractical administration of wetland may incorporate the decay of the environment because of different exercises, which may likewise adversely influence the quietness of the wetland species

Racial Diversity Worksheet Free Essays

As indicated by Wikipedia Encyclopedia African Americans have encountered huge changes in their monetary, social and political standings since the Civil Rights Movement. African Americans have more access to getting an advanced education, a superior paying activity, and they are more associated with the American political procedure than some other minority bunch in the United States. Despite the fact that you despite everything see numerous African Americans living in destitution, attempting to endure, and having restricted access to human services, you additionally observe numerous African Americans endeavoring to achieve numerous extraordinary things. We will compose a custom article test on Racial Diversity Worksheet or on the other hand any comparative subject just for you Request Now A significant number of them have extraordinary occupations, own their own homes, and are carrying on with a magnificent life all together. For instance, Barrack Obama beat all the chances and turned into the primary African American President of the United States. Military enclosure Obama endure being and â€Å"average† American to finish school, attend a university, raise a family, and in the long run turning into the President. He is changing the way the â€Å"average† African American and Americans all in all are seen and what their potential standings in financial, social, and political America will be. I realize that President Obama is having a great deal of issues rightâ now and not appearing as though a decent good example, however at one point he was somebody that African Americans and all Americans looked up to. 1. There are two definitions for prejudice. The main meaning of prejudice is the conviction that race represents contrasts in human character or capacity and that a specific race is better than others. The second meaning of bigotry is segregation or partiality dependent on race. There are numerous ways that prejudice influences decent variety. Prejudice gets individuals far from individuals of various races and with that incident they are not finding out pretty much all the diverse ethnic foundations. 2. According to the National Journal the associations of racial gatherings has gotten more positive than negative or impartial. Numerous individuals don't consider their to be and neighbors as various races despite the fact that they seem to be. Today numerous individuals are available to assorted variety. They are happy to get familiar with the diverse social foundations, due to the potential everyday connection with companions, family, and neighbors. 3. Despite the fact that we the individuals accept that we are for the most part equivalent there is despite everything existing social imbalances dependent on race. African Americans and Latinos are bound to live in high-destitution networks than poor white people. This implies that African Americans and Latino are at high danger of not being to have quality schools, lodging, human services, moderate purchaser credit, or whatever else that will assist them with getting out of neediness. 4. I accept that the reasons for racial preference and segregation in today’s society is individuals are reluctant to give an individual of another racial gathering an opportunity to demonstrate who the truly are. Numerous individuals live before and are raised to accept that their racial gathering is better over some other racial gathering. A considerable lot of these individuals are stuck in their own specific manners and are not open to any change. The most effective method to refer to Racial Diversity Worksheet, Papers

Christmas Writing Paper For Kids

Christmas Writing Paper For KidsA Christmas writing paper for kids can be fun and educational. Kids love to write things down. Once they learn that their sentences and ideas will be taken and used for a lesson they are excited.So let's not wait until the holiday season is in full swing before we get to reading to our children. Instead, you should start your holiday theme immediately. The sooner you begin the better.I enjoy using a writing paper for kids. I find the ones that are soft like sponges work well. Make sure the paper is made of a soft material because it will help your child clean up the writings and words.This does not mean you should not write your own stuff on the paper. Kids love this too. After all what child can resist the excitement of writing something down on a paper for the holiday season?When it comes to writing a Christmas story for kids, all I do is ask my kids what they want to read. That way they can decide. Then I take their sentences I think they will enjoy .Then we brainstorm a story and prepare some facts for the holiday. One thing I do is give them a list of things that they will use. For example they might write the names of Christmas trees, gifts, trees, toys and other Christmas related items.Then we know what they'll need to make a very nice page. It's important they write the story on the right size of paper. The kids often scribble their words to fit but over time it will look odd.Make sure your kids have fun with Christmas writing paper for kids. If you do you will have better results as they will love it. By the time the holiday season rolls around they will know what they want to write on that Christmas story they made.

Introduction. Toronto, Including The Greater Toronto Area,

Introduction Toronto, including the Greater Toronto Area, is a multicultural and urban Canadian city with a current population of 5,406,324 (Monga Bay, n.d.). In 1985, Canada had an estimated population 3,356,000 and an estimated population of 4,925,000 people in 2005 (Monga Bay, n.d.). The fluctuation in population reflects a simple change in number over time and that change can cause an alteration of societal values, striving to change the criminal justice system. Youth probation officers have a role in the criminal justice system to supervise young offenders to ensure a compliance with court orders and are on good behaviour for an arranged period of time (Ministry of Community Safety and Correctional Service, 2016). Youth†¦show more content†¦Similarly, the perspectives of the youth probation officers in Toronto may differ from youth probation officers from other cities in Ontario, along with other provinces and territories. In addition, another limitation of this paper is that the answers given by the youth probation officers were done within the past five years, during the Youth Criminal Justice Act. However, the act was implemented in 2003, with many officers who started their work prior to the enactment, which may cause a variation of their values in youth justice. To counter this complication, the interviews will provide insight on challenges the youth probation officers in the city have faced progressively. Young Offenders Act Criminal justice systems, along with the accompanying policies, are continuously changing and moving towards modernity (Brabazon, 2017). There is a change in value judgement when modernity is applied to society. The movement towards modernity and the shift in value judgment makes a criminal justice system supposedly morally superior with the combination of human rights (Brabazon, 2017). As previously mentioned, from 1984 to 2003, Canada used the Young Offenders Act as the legislation for the youth criminal justice system (Umamaheswar, 2013, p. 1163). The Young Offenders Act replaced the Juvenile Delinquents Act and preceded the Youth Criminal Justice Act that Canada currently uses (Umamaheswar, 2013, p. 1163). The YoungShow MoreRelatedThe History Of Torontos Outdated Sewer System1654 Words   |  7 Pagesexcess flow discharge from water treatment plants when it reaches capacity. Untreated polluted water is dumped into the waterfront of Toronto which is progressively getting worse due to this bypassed water. This not only affected Toronto environmentally but has created major health and safety issues within the Greater Toronto Area. In 1995-1999, the metropolitan Toronto and region of conservation authority began the Lake Ontario water front regeneration project. The goal of the project was to bringRead MoreCourse outline GEO7933080 Words   |  13 Pages GEO 793: The Geography of Toronto- Winter 2015 Course Instructor Valentina Capurri JOR 601 Ext. 3120 vcapurri@ryerson.ca Office Hours: Monday 15:00 to 17:30 Lectures: Sec. 1: Mon. 13:00 to 15:00 DSQ2, Wed. 11:00 to 12:00 LIB072 Sec. 2: Mon. 11:00 to 13:00 EPH229; Wen. 9:00 to 10:00 ENG101 Sec. 3: Mon. 18:00 to 21:00 TRS2166 Course Exclusions: This is an Upper Level Liberal Studies. The course is not available to students in the Geographic Analysis ProgramRead MoreCanada, A Rising Middle Power1636 Words   |  7 Pageseconomic and social... co-operation,†9. This meant that the goals would not be only military, but also of financial and cultural growth. These views fit exactly with the definition of a middle power, being one that is influential in all of these areas. These are the reasons why Canada was the first country to ratify NATO10. A major reason of this was that NATO was an â€Å"alliance of equals,† therefore maintaining the independence of all the countries involved11. This, too would have drawn CanadaRead MoreAuthor Lives In Mississauga City, Canada. And Her Background1736 Words   |  7 Pagesthe ethnic minority. In Canada Ontario is one of the populated provinces. Mississauga is situated in the Southern Ontario and 6th most populated city in the Canada and the part of the Greater Toronto area and lies on the shores of Lake Ontario. The city has a 713,443 population (Statistics Canada, 2011 Census). Toronto is the main destination for migrants to Canada and Mississauga city has a multicultural population. In Canada heart disease is the second leading cause of death accounting forRead MoreA Brief Note On Conflict Analysis Using Ssam1333 Words   |  6 Pagesanalysis were filtered to remove any uncertainties, including possible conflicts of pedestrians. The filters used are explained in Table 3 (Section 2.5.3). Per Saleem (2012), the principal reason for removing the pedestrian conflicts is that in his study only vehicle-to-vehicle crashes are modeled. In the same way, this study only focuses on evaluating safety of signalized intersections with the presence of automated vehicles without including pedestrians due to the lack of research on the topicRead MoreA Position Within The Political Communications Field1396 Words   |  6 Pages1. Introduction: This paper will focus on a position within the Political Communications field. Political Communications is a sub-field incorporating both political science and communications disciplines; dealing with the production, and distribution of effects of information, both through the use of media interpersonally and within a political context (Norris, 2004). The process operates downwards from governing institutions towards citizens, horizontally in connection among different politicalRead MoreIs Federalism And State Separation? 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That in itself is not highly unusual in our bilingual nation, what is unusual is that the language ofRead MoreNational Hockey League a Retail Prospective Essay2473 Words   |  10 Pages until February 3, 2016. Use outside these parameters is a copyright violation. S 9B00M002 National Hockey League Enterprises Canada NHLE’s Canadian counterpart, the National Hockey League Enterprises Canada (NHLEC), was located in Toronto, Ontario, Canada. NHLEC was a relatively small operation under the managerial control of the New York office (an organizational chart is given in Exhibit 2). One of NHLEC’s primary strategic goals was to develop a distinct brand image. The ever-increasing Read MoreEvaluation Of An Assignment On Rfp For Web Site Design Development Of Lasani Ontario Inc.2491 Words   |  10 PagesGEORGE BROWN COLLEGE, CASE LOMA CAMPLUS TORONTO AN ASSIGNMENT ON RFP FOR WEB SITE DESIGN DEVELOPMENT OF LASANI ONTARIO INC. Team members Muhammad ayub, Irfan-Elahi, Rehman Sadiq and John 12/4/2014 This assignment is for the web site development of Lasani Ontario Inc. for its Event Management Module â€Æ' TABLE OF CONTENTS Introduction Error! Bookmark not defined. Elements of Request for Proposal Functional Requirements Error! Bookmark not defined. Scenario or Use Cases Error! Bookmark

Addiction And Recovery Assignment An Alcoholics...

Addiction and Recovery Assignment: Going To an Alcoholics Anonymous Meeting For this addiction assignment I attended meeting run by the oldest Alcoholics Anonymous group in Auburn, Maine. This group, the Auburn Serenity Group, was founded in 1959. I found this information on their page http://www.csoaamaine.org/groups/5/auburnserenity.htm when researching meeting information. I attended on Wednesday night (10/8/14) at St. Philips Church on Turner Road in Auburn. The meeting was chaired by a man named Paul. First, let me start by saying that I really did not want to do this assignment. I had an image in my head depicting what it was going to be like, and it wasn’t pretty. After watching enough TV shows showing AA meetings in†¦show more content†¦Crap, did I get the days wrong, I really needed to get this assignment done! There were probably 30 or more people standing outside in the gloom of the church hall entrance smoking and talking. I quickly sent a text to my classmate who I was supposed to meet, â€Å"Are you here? Are we in the right place?† It had never dawned on me that there would be more than 10 or 15 people in attendance. My classmate and I managed to find each other in church parking lot and made our way through the cloud of smoke and into the building. We entered a large hall filled with people of all ages. There were at least 50 people there; sitting, standing, hugging, talking and laughing. A couple of people were running a raffle in a corner. Coffee brewed in the small kitchen. I grew up catholic and this had the distinct feeling of being a church function. My classmate and I sat in the back and settled in. We didn’t introduce ourselves. Who would we even begin to introduce ourselves to? We were just a face in the crowd. People starting sitting down and at 8PM the meeting started. â€Å"Hi, my name is Paul, and I’m an alcoholic†. To this all replied, â€Å"Hi Paul†. We were all welcomed to the Wednesday nig ht meeting of the Auburn Serenity Group. Some group business was taken care of quickly and we headed into the Serenity Prayer. It was easy to fall into the rhythm of this meeting and I found myself saying the prayer too. After all, this was

War on Drugs = War on Terrorism Essay - 2460 Words

War on Drugs = War on Terrorism The United States’ new claim in today’s world of propaganda and mind-warping media is that The War on Terrorism = The War on Drugs. Recently simple anti-drug slogans have been manipulated into aggressively and often erroneously exaggerated media assaults. (planetpapers.com) The United States claims that each person can help fight terrorism by choosing not to buy or use illicit drugs, and the government itself can help fight terrorism by implementing a more effective War on Drugs throughout the country. They claim that illicit drugs are the major monetary support of terrorist groups throughout the world, which in some respects is correct. Due to this claim, teenagers and drug†¦show more content†¦Adding to this, even more blame should be placed on the government than the blame they are so valiantly trying to divert. It is the U.S. government’s fault that drugs are even remotely linked to terrorism. This is because the profitability of il licit drugs is the direct result of the prohibition of drugs by the government, and the U.S. is a leader of the world and is therefore the model for most other country’s prohibition laws on the same drugs. Marijuana is grown everywhere across the United States and is one of the most widely used drugs. People in every state grow marijuana for their own use, for use by their friends, and for sale to make a little profit. I know personally of people who do this; it is not uncommon. Also most of the marijuana purchased in the U.S. comes from Mexico, other Latin American countries, and Canada, all of which are not a major concern for terrorist activities, if a concern at all. In the same way marijuana is produced in the United States, hallucinogenic mushrooms are also produced. The major source of hallucinogenic mushrooms in the U.S. is grown right here at home, and most of the other sources are also provided by Mexico, Latin American countries, and Canada. The illicit drug that is seen as the most problematic and widespread drug throughout the U.S. today is crystalShow MoreRelated War on Drugs is a Domestic Problem Essay620 Words   |  3 Pages WAR ON DRUGS IS A DOMESTIC PROBLEM nbsp;nbsp;nbsp;nbsp;nbsp; The new policy that the government has unfolded on the War on Drugs, has pointed the finger of responsibility toward stopping terrorism by stopping the individual drug users. Terrorism affects the entire world, and the United States has assumed a position at the spearhead to confront it. 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After the numerous, tragic world wide events stemmed by terrorism such as: 9/11, bombing of the London subway, and the Beslan school hostage crisis, the world has vastly changed its’ mentality of dealing with the future. The globe is forced to unite against an emerging threat, and is conjointly cutting funding for terrorism throughRead MoreGovernment Spending: What Can Be Done? Essay example623 Words   |  3 PagesAs a taxpayer, I wonder where all my hard earned money is spent. My biggest concern is the expenditure on welfare, the War on Drugs, and the War on Terror. I understand welfare can help those in need, that the war on drugs can prevent violence, and some may not view the spending wasteful. Although, these expenditures can be useful to an extent, I believe the spending should be decreased and monitored. Some argue welfare is pertinent to all who receive aid and that it should not be limited. 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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. 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