Farm to Table Essay - 1253 Words

â€Å"Don’t put that in your mouth!† Many of us remember our parents saying those very words whenever we would try to sample some odd find, whether it was a toy, rock or plain old dirt. Nowadays, more and more people are saying just that in regards to fruits and vegetables grown the conventional way, and saying yes to organically grown produce. From healthier food to an economic boost to helping protect our environment, organic produce has several advantages over regular produce. Perhaps the most important benefit is to the consumer, in terms of health benefits. More and more studies are showing that organic produce may contain more of the stuff that’s good for our bodies: vitamins, minerals and antioxidants. Nutritionist Virginia Worthington†¦show more content†¦Many of these pesticides are harmful to humans and animals in addition to the insects they’re designed to eradicate. Each year, more than a billion pounds of pesticides enter our environment in the United States alone. Taking those chemicals out of the soil and water supply can reduce the occurrence of health problems in communities, according to the Organic Trade Commission (â€Å"Health Benefits†). Some of these pesticides may contain cancer-causing chemicals. The President’s Cancer Panel released a report in April 2010 discussing the sources of such carcinogens: The number and prevalence of known or suspected carcinogens is growing. Many environmental contaminants are manufactured synthetic chemicals; waste and by-products of industrial processes; chemical fertilizers, pesticides, and other chemicals used in farming and for landscaping; chemicals used in other commercial activities; combustion by-products of petroleum-powered engines; water disinfection/chlorination by-products; and both man-made and natural sources of radiation (Reuben 16). One of the basic tenets of organic farming is to use as few pesticides as possible, therefore reducing the number of chemicals in the environment. According to the Environmental Protection Agency, pesticides may have an impact on the body’s nervous or endocrine systems, affect the skin or eyes, and may also be carcinogens (â€Å"Human Health Issues†). In addition to the health benefits,Show MoreRelatedSurvey Report On Nature Of The Households Essay854 Words   |  4 Pagesreported the opposite. Out of the total sample households surveyed, 56% reported that they used improved varieties, whereas 44% reported the opposite. Moreover, around 58% of the sampled households were members of cooperatives and the rest were not (Table 1). Table 1: Socioeconomic characteristics of the sample households Variable Frequency(N) Percent (%) Nature of households settlement (settler) 87 48.33 Sex of household head(male) 152 84.4 Literacy status (literate) 84 46.7 Access to training (yes) 74Read MoreUsing Independent T Test And Chi Square Test Essay825 Words   |  4 Pagesshowed that those farmers who were participating in off-farm and non-farm activities had relatively better mean total income than non-participants. The mean value of total household income earned by those farmers who were engaged in off-farm and non-farm employment opportunities was Birr 17103.55, while it was birr 7628.77 for non-participant households. Furthermore, it also indicated that those households who were engaged in off-farm and non-farm employment income generating activities had less frequencyRead MoreOptical Distortion Harvard Business Case976 Words   |  4 Pagesindustry in United States, ODI should target large farms have 50,000 chickens or over, and focus on the market in California and south Atlantic region in the short term and set an initial high price for the sake of building a good brand equity and gaining high market share and profits. II. Analysis A. Consumer Analysis In terms of farm size, current market is generally divided into three segmentations: Small, medium and larger farms. There is substantial evidence to suggest that ODIRead MorePoultry Business Plan1538 Words   |  7 Pages I. Table of Contents I. Table of Contents 2 II. Executive Summary 3 III. Business Description 4 IV. Marketing Plan 6 V. Operational Plan 14 VI. Management and Organization 17 VII. Personal Financial Statement 18 VIII. Start-up Expenses and Capitalization 19 IX. Financial Plan 20 X. Appendices 26 List of Tables Figures Table 1 Performance of PhilippineRead MoreUnemployment In Mymensingh District1331 Words   |  6 Pages Figure 4.16: Distribution of respondents according to their occupation in Mymensingh and Jessore district 4.9.5 Farm size The annual farm size score of the respondents ranged from 1 to 4. On the basis of the farm size, the respondents were classified into four categories namely, marginal ( perception about vulnerability of resources to climate change and respondents’ perception about adaptation to climate changeRead MoreAnimal Farm Comparison751 Words   |  4 PagesAnimal Farm by George Orwell is an interesting story that may seem as if it is a story that is meant to be read by a child however, the story withholds much more meaning than what meets the eye. In the book and movie, there is a society that contains many individuals with the beliefs that things should change, but there will be one individual in particular who will end up taking the initiative to follow through with this change while also taking control by telling these individuals what they wantRead MoreTable Sustainability : Food For Table Food Movement Essay1591 Words   |  7 PagesTable Sustainability: Food-to-Table Food Moveme nt Remember that old saying â€Å"Don’t eat that, you don’t know what’s in it!† In recent years those words are being uttered more and more frequently. Today, consumers have a renewed interest to know where their food comes from and how it was produced. A not so new food system has risen and is the growing trend that in 2012 had sales totaling 6.1 billion dollars. And with its growing popularity, the USDA in 2014 said it would spend 52 million to supportRead MoreThe Effects Of Internal And International Migration On Childrens Time1642 Words   |  7 Pagesallocate to each of the four activities of interest (Table 4). The results presented in Table 4 indicate that once adjusting for individual and household characteristics, migration impacts children’s allocation of time through different channels. Living in a household with at least one international migrant but that does not receive remittances has a positive and statistically significant association with the number of hours that children allocate to farm work and study. Children allocate on average 8Read MoreShort Story725 Words   |  3 Pageswords recently spoken. ‘I ain’t gonna let him have it, I tell ya,’ adds Dibs. ‘It’ll be okay, mum,’ William responds. ‘He doesn’t have a chance in hell getting this farm. No need to worry about it. Now how about a cuppa?’ William pats Dibs back, before the two lift to their feet, and head downstairs. In the kitchen, Julia sits at the table, reading an article about the upcoming election in the Mallee newspaper. Nugget comes storming down the stairs, and thumping towards the door. ‘Have a look at thisRead MoreAccess Of Land Resources And Alternative Sources Of Income Non Paddy Farming For Poor Farmers1216 Words   |  5 Pagespoor and experiencing the food insecurity. Agricultural census in 2013 showed the number of farm household (RTP) equal to 26.126 million RTP; decreased by 16.18% compared to the agricultural census data in 2003. The results of the Census of Agriculture (ST 2013) also mentions that the farmer households (RTP) crops in Indonesia is dominated by households that manage rice plants. The number of RT is to farm rice in Indonesia in 2013 as many as 14,147,942 households, when compared with ST 2003 decreased

Truman s President Of The World War II Essay - 1617 Words

During World War Two President Truman was faced with extremely difficult decisions within in his few months of being president after FDR’s death. During Truman’s vice presidency he was kept in the dark about a massive secret the United States was constructing. The United States was working on constructing an Atomic Bomb to change the world and the way our military fought forever. The day Vice President Truman became President Truman was the first time he was informed of the Manhattan Project. â€Å"When Truman became President on April 12, 1945, under the death of President Roosevelt, he had no knowledge of the actual bomb project itself and his first information about what was really be done came from secretary of war Henry L Stimson on April 25th†. Truman who at the time was under pressure because America was fighting two wars, one with the Japanese and the other helping our allies defeat Germany had major choices to make about how he wanted to continue the wa r. Luckily for Truman Germany surrender from the war on May 7th 1945 so Truman could now solely focus on defeating the Japanese with as little American causalities as possible. The Atomic Bomb wasn’t the only option Truman could have chosen even though it became his ultimate option. Truman could have had amphibious invasion of Japan, a surface and submarine blockade, conventional strategic bombing of Japan, or to continually offer terms of surrender to the Japanese. While all of these offers could have ended the warShow MoreRelatedHarry S. Truman s President Of All Time1478 Words   |  6 PagesHarry S Truman was the 33rd president of the United States and according to the Harry S Truman website, the 5th most popular president of all time. Truman played a big part in ending World War II and beginning the Cold War. He was elected in 1945, after the death of Franklin D. Roosevelt, in April 1945. He also ended racial segregation in the civil service and the armed forces in 1948 . Which will all be covered in this topic of Harry S. Truman, also discussing his presidency, personal accomplishmentsRead MoreTruman and Atomic Bombs649 Words   |  3 PagesOPTION B You are a member of the editorial staff of the New York Times. You are to take a side and then write an editorial on Harry S Truman’s decision to order the dropping of the atom bomb. HARRY S TRUMAN amp; THE DECISION TO ORDER THE DROPPING OF THE ATOMIC BOMB Boom! Boom! Seventy thousands Japanese citizens were perished instantly after the first atomic bomb was dropped in Hiroshima on August 6, 1945. Japanese still refused to surrender to Allied forces. On August 9, 1945, with the droppingRead MoreTruman Doctrine And The Policy Of The United States1311 Words   |  6 PagesHarry S. Truman once declared, It must be the policy of the United States to support free peoples who are resisting attempted subjugation by armed minorities or by outside pressures. (Truman Doctrine, ourdocuments.gov) This quote was given by President Truman in a speech directed to Congress in hopes that they would aid his mission and goal. This doctrine, or principle, that was expressed by President Harry S. Truman in 1947, was called the Truman Doctrine. President Truman s stance was that theRead MoreHarry Truman, The President Of The United States1334 Words   |  6 PagesIntroduction President Harry Truman, the 33rd president, was a honorable man as shown in this quote, The heroism of our troops was matched by that of the armed forces of the nation s that fought by our side they absorbed the blows and shared to the full in the ultimate destruction of the enemy.† This quote shows how the president was caring. He was a great man and is able to do many things such as ending World War II and he has also used the world most powerful weapon, the atomic bomb. Harry Truman, theRead MoreAnalysis Of The Presidential Leadership Harry Truman1206 Words   |  5 PagesHarry Truman Crystal G. DeLong PSCI 5324: Executive Branch Analytical Essay #2 Dr. Faulkner August 3, 2016 â€Æ' The successes, or lack of success, of an American president is tied to the effectiveness of their presidential leadership. President Harry Truman served the American people as president from 1945 to 1953; he became president suddenly after the death of Franklin D. Roosevelt amidst the end of World War II. Truman’s presidency would carry into the aftermath of World War II and seeRead MoreIM Writing My Report On A Nation Forged By War Over The1662 Words   |  7 Pageson a nation forged by war over the many years this nations independence has been led by many political leaders such as George Washington, Abraham Lincoln, Theodore Roosevelt, Benjamin Franklin, Ronald Regan, George .W. Bush and many more the United States owes its very existence to many wars that’s taken place such as the war of independence which Franklin Roosevelt truly believed in as of 1776. But that wasn’t the only war that the U.S defined as its only independence war there were others su chRead MoreDifficulties of Trumans Taking the Presidency from Roosevelt1626 Words   |  7 PagesAs Vice President, Harry S. Truman seldom saw President Roosevelt, therefore acquiring no updates on the progress of the atomic bomb or the developing predicament with Communist Russia. After Roosevelt’s unexpected death, these dilemmas as well as an array of wartime problems became Truman’s to resolve as the new president. When he came into office on April 2nd, 1945, World War II was nearing its end, leaving Europe in absolute chaos. Truman had to search for ways to aid the country in picking upRead MoreTaking a Look at the Cold War996 Words   |  4 Pagesend of World War II in the summer of 1945. The Soviet Union and the United States, having been on the Allies fighting against the Axis, were both victorious world superpowers at the end of WWII. With conflicting government systems (on one side socialism and on the other democracy) however, these two nations would fight a cold war for the next few decades in hope of making their rule secure. This would shape America’s foreign and domestic policy for the next few decades and define the Cold War presidentsRead MoreHarry S. Trum President Of The United States After The Cold War1025 Words   |  5 PagesHarry S. Truman became commander in chief of the United States after the death of Franklin D. Roosevelt on April 12, 1945. In the course of Truman’s eight years in office he came across with massive challenges in both foreign and domestic affairs. Truman’s approaches toward the Soviet Union in the Cold War, and overseas became a major way of leading foreign policy in America for generations. At home, Truman protected and reinforced the New Deal reforms of his predecessor, guided the American economyRead MoreThe Bombing of Hiroshima and Nagasaki700 Words   |  3 PagesThe Bombing of Hiroshima and Nagasaki The United States was completely unjustified in dropping the atomic bomb because it was used so we could have a sense of â€Å"power† over the rest of the world. President Harry Truman had paid no heed to his prior statements as to the intended use of the bomb; and not only had it violated the Hague Convention, but it also caused lifelong repercussions for Japan’s land and people. The United States, nearly 70 years later, has yet to apologize to the victims or

Flim American Psycho (2000) Free Essay Example, 1000 words

The depiction of crime in the movie has been to a much larger content and has raised the attention of many. The performance of Christian Bale adds more flavors into his character and his cold, and charismatic approach as a psycho is truly riveting (Caroll, 200). The effective satire of the movie and the critical punch has been provided by the dead on straight approach of role play by Christian Bale. The cultural aspect prevailing in the sector of business during the era of 80’s has been depicted with clever scene portrayal in the movie which grabs the attention of many. One of the memorable scenes in the movie which depicts the above attribute is the four business men Playing cards and trying to trump each other with a nice looking face. The hilarious situation depicted the competition level among the corporate and also stresses on the socio economic background pertinent in the era. At the very end the psychosomatic anxiety of the movie displaces the black comedy in the movie. The end of the movie is dramatic as it narrates the feeling of the psychoanalytic killer. We will write a custom essay sample on Flim: American Psycho (2000) or any topic specifically for you Only $17.96 $11.86/pageorder now He expresses the utter mayhem he has caused over the period and he remained with an indifferent attitude. He expresses his pain at the end and the voiceover reflects that he wants the same amount of pain to be instigated on others and wants no one to get respite from him. The voice over also reflects his psychological state of mind where he reflects that he is being chased by his punishment and that his confession meant nothing to him. The concluding part of the movie appears somewhat preachy as the director tried to manipulate the feelings of a psycho killer with his thoughts and views (Roman, 313). The director also tried to provide an explanation of the excessive violence in the movie through the help of the concluding voice over. However the cruel killings have no justification in the real world. The movie American Psycho appeared to be one of the most controversial films due to the shocking content of violence and has been repulsive by many viewers. The film portrayed the story of a serial killer who keeps on continuing the crime due to the mental instability. The reason for such brutal killing has been portrayed due to the pain and suffering due to the mental disturbance faced by the person. The inhuman killing in the movie has been tried to be supported by various actions of the protagonist. The serial killed tried to grasp the empathy of the viewers by stressing on the fact that the aspect of his cruelty in the character is not his real self and is just his mere facet of characters.

Death Of Black And White Penal Hell Hole, Popular Media,...

Kids can no longer play outside; people lock their doors at night. People fear daily whether they will make it back to their house at night. Some leave in the morning in a suit and tie off to their nine to five jobs, others go off into the streets, trying to make the best they can with what they have. America is the leading nation of individuals in prison, representing almost a quarter of the worlds imprisoned population. Over the years, the number of incarcerated individuals has increased as well as the length of the criminal’s sentence. Sadly, this is a dynamic that is not changing anytime in the near future. According to Yvonne Jewkes in â€Å"Punishment in Black and White Penal ‘Hell-Hole,’ Popular Media, and Mass Incarceration,†Ã¢â‚¬ ¦show more content†¦The United States prisons have â€Å"more than 2.3 million people in 1,719 state prisons, 102 federal prisons, 942 juvenile correctional facilities, and 3,283 local jails and 79 Indian Country jai ls as well as in military prisons (Wagner, Rabuy). The United States comprises 4.4 percent of the world population, but accounts for 22% of the world’s prison population. Referring to Jewkes, â€Å"young men of African American or African Caribbean descent have borne the brunt of racist and stereotypical news reports about crimes ranging from offices involving drugs, gang membership, guns, homicide, and sexual violence† (54). The high drug problem is part of the reason for Americas high levels of lethal crime. According to Lopez â€Å"unlike regimes like China, it makes use of less punitive punishments like the death penalty (#). The Correctional system is comprised of state and federal county and local institutions. Inmates are detained in the local jails until sentencing. Upon sentencing, the individuals are moved to more permanent housing to serve their time. The two main prison systems used in the United States are state and federal. Although both facilities are serving the same purpose of keeping criminals confided, they still differ. State prisons have a higher capacity and house more violent offenders, and these state inmates are convicted of blue collar crimes. Blue – collar crimes are

Monetary Policy Stimulus Free Essays

Suppose that you have been hired as a consultant to advise the Federal Reserve Bank on Monetary Policy. They seek to eliminate our persisting unemployment situation. Devise a package of steps involved with your monetary policy stimulus plan, and convince Fed Chairman Bernanke to use your approach? 2. We will write a custom essay sample on Monetary Policy Stimulus or any similar topic only for you Order Now With the ongoing unemployment, the Obama Administration, Congress and the Federal Reserve continue to struggle for stimulus solutions. They seem to be taking both Fiscal and Monetary Stimulus measures.Compare and contrast the detailed dynamics, mechanisms, and potentials of Fiscal Policy and Monetary Policy. 3. Some reject stimulus measures in all current policy forms. These economists focus on the damaging activities and decisions of (a) private corporations, (b) commercial banks, and (c) wealthy individuals. How can these three groups that lead our private market system, each in their own way, frustrate and foil the goals of a combined fiscal and monetary stimulus program. 4.Given our currently high unemployment rate and low inflation rate, argue â€Å"for or against† a Supply-Side policy focus versus a Demand-Side policy emphasis. Upon completing ECO201, you have been hired by the Obama administration to advise them on Foreign Exchange Policy. Their concern is that low interest rates and a large trade deficit have led to a depreciating dollar. Accordingly, first prepare an overview of the way such rates and trade conditions can threaten our currency value. Then secondly, advise the President whether (or not) steps should be taken to strengthen the dollar in foreign exchange markets. How to cite Monetary Policy Stimulus, Papers

Financial Report of a Company

Question: 1. Background of the Company Write a good concise introduction of your chosen companys history, strategies, products, customers and the market competition of the industry that your chosen company is competing in. 2. Strengths and Weaknesses of the Company To adequately cover this part, your group is required to address the following issues: - Write a good concise introduction of Corporate Governance and relate to the Statement of Corporate Governance included in the most recently available annual report of your chosen company. Answer: About Booker: The Booker group is the leading food whole seller of United Kingdom. The group consist of the following: 1. Booker wholesale 2. Makro 3. Booker Direct 4. Classic drinks 5. Ritter Courivaud 6. Chef direct 7. Booker India The company serves 1.5 million customers in total. (Booker group, 2015) The company has its headquarters in the United Kingdom and is its largest cash and carry operator. It offers branded and private label goods that are sold to around 486,000 customers. The customer base includes the independent convenience stores, grocers, leisure outlets, pubs and restaurants. The group has a wide range of branded ad own label grocery, fresh and frozen food, beers, wines, spirits, tobacco and non-food items. The company currently lists about circa 18,000 lines of the products. As on March 29, 2013, the sales of the company totalled to 2.8 billion and the same were collected by the customer from the branches of the group and the sales totalling to 1.2 billion were delivered to the customer premises of the company. (Booker group, 2015) The company operates in the industry of UK grocery and discount sector and there is an increase in the competition within the industry. The company aims at delivering the plans that could be afforded by the customers and give them a better choice, price and the services along with the continued delivery of the Makro synergy plans and the efficiency programs. The company is in the process of delivering an outcome for the New Year which is in parity with the plans of the company and making progress in the challenging environment. Corporate governance: The concept of corporate governance is defined as the set of the systems, processes and the principles that aim at ensuring that the company is governed in the best interests of the stakeholders. It ensures that the company is directed and controlled in the best interests of the stakeholders. It is all about promoting the fairness of the corporate, transparency and accountability. It ensures the following: 1. Making the adequate disclosures and undertaking an effective decision making so as to achieve the objectives of the corporate 2. Ensuring transparency in the transactions of the business 3. Statutory and legal compliances 4. Protection of the interests of the shareholder 5. Commitments towards the values and ethical conduct of the business. (Corporate governance concepts, 2015) Corporate governance statement of Booker: The corporate governance statement of the company states that by the end of the year March 28, 2014, the company has complied with all the provisions and have successfully applied the main principles of the UK corporate governance code 2010, referred to as the Code. The report of corporate governance together with the report of the Audit committee, the report of the nomination committee and the remuneration report have complied with the provisions of the code. All the non-executive directors of the company are considered to be independent and considered to be free from any of the business or relationship that could affect their judgement as per the Code. The independence of the non-executive directors is considered each and every year and provides constructive challenges and ensures that the board is independent during the decision making process0 the board is of the view that there must be a presence of a Senior independent non-executive director and Lord Bilimoria fulfils that role. The role of the senior most non-executive director is that he can be approached in case the grievances are not resolved through the normal channels and he can be contacted wherever found appropriate. The board consists of the sufficient members and possess adequate skills and experience. No individual executive and non-executive director is capable of influencing the decision making power of the board. The directors keep themselves updated about the various activities of the group, such as the regulatory environment and the market in which it operates, through meetings with the senior most executives of the group. The latest external evaluation of the performance was conducted by the Institute of director in April, 2013 and the next will take place during April, 2016. In order to take care of the issues related with the policies of the group, the Audit Committee, a Nomination Committee and a Remuneration Committee has been established. All the directors have to submit their candidature for their election as the directors to the shareholders and are required to retire by rotation once in every three years. As per the Companys Articles of Association and section 175 of the Companies Act 2006, all the formal procedures for the notification and authorisation of potential and actual conflicts of interest have been duly approved by the Board. References: Bookergroup.com, (2015). Annual report 2014. Retrieved 12 February 2015, from https://www.bookergroup.com/~/media/Files/B/Booker-Group/pdf/investor-centre/reposts-presentations/rp2014/booker-group-ar14-06062014.pdf? Bookergroup.com, (2015). Our Businesses Booker Group PLC. Retrieved 12 February 2015, from https://www.bookergroup.com/about-booker/our-businesses.aspx Bookergroup.com, (2015). What We Do Booker Group PLC. Retrieved 12 February 2015, from https://www.bookergroup.com/about-booker/what-we-do.aspx Business.gov.in, (2015). Business Portal of India: Corporate Governance: Concept and Objectives. Retrieved 12 February 2015, from https://business.gov.in/corporate_governance/concept_objectivess.php

Accounts Auditing Planning Beginning of the Engagement

Question: Discuss about the Accounts Auditing Planning for Beginning of the Engagement. Answer: Part A: Audit planning The planning of audit starts at the beginning of the engagement. The planning for the audit should not be a discrete and separate part in auditing. The audit planning of the company sincerely starts after completion of previous years audit. ISA 300 has given guidance in relation to the audit planning. The guidance has to be followed and following facts to be considered as the part of the planning; The risk assessment will be the first part which will include nature, timing and the extent of risks. The audit procedure has to be planned further to assess nature, timing and the extent of audit planning. Other planned audit engagement that has to be carried out is to be mentioned (ACCA, 2016). Preliminary judgment of materiality Materiality is the factor that makes difference to the users of annual report. Auditing never gives 100% assurance of the quality of the audit. According to AUS 306, materiality actually means information which is either omitted or misstated and would potentially have negative impact on allocation of the scarce resources. If the materiality is to be understood from the point of view of Bob's Bikes, an example would help significantly to understand what materiality is all about. Bob's Bikes had a cost of sales $53,271 compared to sales of $ 201,515 in 2016 and cost of sales in 2015 was $63,595 when sales was $187,450. If for some reason cost sales figure was overstated by $1000 in 2015 would not have material impact on the annual report of the company but if it is overstated by $5000, then it would have material impact on the financials. Analytical review As the data of trial balance of Bobs Bikes indicate that there would be some serious doubts on accumulated depreciating figure of the company. In machinery the company had the accumulated depreciation of $ 46,041 in 2016 and in 2015 it was $ 24,375. The depreciation on the assets have been increased significantly from $$ 24,375 to $ 46,041. This figure has to be analysed. The wages in 2016 declined at $ 46,816 compared to $53,000 in 2015. The reason for the decline has to be verified. The other income figure was $25,000 in 2015 but it was reported as $1000 in 2016. The auditor has to see the source of the other income. The cost of sales has declined to $53,271 despite increase in sales in 2016 compared to $63,595 of 2015, when the sales was lower (Pcaobus, 2016). Five accounts selected and rationales According to the data provided in the trial balance some prima facie irregularities or more appropriately doubts have been found against following accounts; Accumulated depreciation on machinery Wages Other income Cost of sales Depreciation In above all of the accounts the rationale of significant increase in accumulated depreciation on machinery has to be found out. On the other hand the significant decline in wages, other income, cost of sales have to be analysed. The disproportionate increase in deprecation to accumulated depreciation is to be analysed during audit (ACCA, 2016). Part B: Sample selection The sample selection is being recognized by ACCA. According to ACCA, the economical way of conducting audit is sample selection. The ordinary test will not be economical. It is also advised for 100% testing of data where there is limited high value data available. The sample techniques used in the manner that is appropriate the auditor. Here in this case three samples have been chosen from the revenue part. 24/07/2015 SJ Accounts receivable 4400 23/10/2015 SJ Accounts receivable 7245 25/03/2016 SJ Accounts receivable 6180 The data will be crossed checked with the vouchers and the day book. The cash balance and the bank balance for the proper reflection of those values is also to be verified. The data once verified will indicate that company has rightfully included all sales figures (Accountingscholar, 2016). Explanation/demonstration of sampling technique The sampling technique shall be of the mix of three methods random, systematic or haphazard. The samples have to be chosen randomly and haphazard way was the auditor is nearly sure that no material omission or misstatement has taken place. Where the auditor has the doubt about the quality of accounts and high value deals, the auditor shall use systematic approach in sample picking and testing. It should be more of a comprehensive effort from the part of auditor. Benefits of selected sampling technique In case of randomly and haphazard way of choosing samples, it gives an indication that the accounts maintained in the proper manner or not. Whether there was any suppression of facts to be found out from randomly picked samples. It is important to understand that high value transactions would be rightly chosen by the auditor and the systematic approach in sample checking would be appropriate in those transactions (Pcaobus, 2016). Part C: Considerations in substantive testing and collecting audit evidence The important aspect of substantive testing is gross testing of one or more account or sector. If some mistakes and errors are found in the expenses segment, then it becomes imperative to conduct substantive testing on all transactions related to that sector or the industry. The reason for substantive approach is to choose and pick the high value transactions or the transactions with 1% doubt. The substantive approach would yield better result in terms of auditing and pin pointing the actual issues related to the business. The reasons for checking one sector thoroughly are to find out the mistakes in the business and the policy of the company. The substantive approach in picking the accounts has helped the auditors to resort to the conclusion that the accounting in part b is indicating more of occurrence. There are still entries that are important part of ascertaining fair accounting practice is missing. There would be several other transactions that needed to be included in the accounting process. The tracing and vouching are important in auditing but vouching is more appropriate as it first selects an item and then starts finding the links of the items from accounting entries and the concerned vouchers and records. The journals and the ledgers are first checked against the item and then vouchers are matched against the item. Another important assertion would be reconciliation. The reconciliation of the banks and the cash items and the cash flow with cash balance would indicate the proper financial statement of the company. The reconciliation would indicate any mistake or omission or suppression of accounting facts (Accountingexplained, 2016). The reconciliation process would indicate the actual cash position of the organization. The cash balances would be reconciled with bank balances and the cash flows. The discrepancy would be wide open. Any difference in the cash balance and the cash flow statement balance would indicate discrepancy in the accounting procedure or omission or willful misstatement (Auasb, 2001). The important aspect of materiality indicates that negligible mistakes do happen in industry but a bigger mistake has no place to consider as just omission. Here the transaction of $20,000 cannot be ignored. The criteria for materiality are well known; 5% discrepancy in income from continuous operation % to 1% of revenue or expenses % to 1% of assets These are the simple examples. But $5 million difference in revenue figure of $3.5 billion Company is immaterial but $5 million difference in revenue figure of $35 billion Company is material fact. Here the transactions are indicating that the company has barely managed to reach $200,000 sales where the omission or misstatement of $20,000 is really material as it represents 10% of the revenue. If the testing are mainly related to control instead of substantive testing, these bigger mistakes relevant. The size of the mistake is worrisome from the point of view of control and substantive testing. The transaction is significantly large and should have been included in the accounting. It has to be found out whether it is barely a omission or willful misstatement of the fact or the suppression of the fact. These sorts of mistakes put the doubt on the control system of the company (Study, 2016). The other information regarding remuneration of the promoter, the related party transactions, the transactions at the arms length are important aspect of auditing. There is no scope for any mistake from the point of view of the auditors. Scams do happen in those transactions where material facts are suppressed for the benefit of the promoter and for the evasion of income tax. In concerning to the transaction of the part A case, the substantive test would resume its relevance only if there is misstatement of various accounting entries. If the accounting entries are mainly related to one sector, it needs to be verified with substantive testing. The complete testing of one segment of accounting is like checking of all expenses or matching of revenue with expenses by each entry would be considered as part of substantive testing. Bibliography ACCA. (2016, 09 28). AUDIT SAMPLING. Retrieved 09 28, 2016, from www.accaglobal.com: https://www.accaglobal.com/zm/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/technical-articles/audit-sampling.html ACCA. (2016, 09 28). PLANNING AN AUDIT OF FINANCIAL STATEMENTS. Retrieved 09 28, 2016, from www.accaglobal.com/: https://www.accaglobal.com/an/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/audit-financial-statements.html Accountingexplained. (2016, 09 28). Bank Reconciliation. Retrieved 09 28, 2016, from accountingexplained.com: https://accountingexplained.com/financial/cash-and-equiv/bank-reconciliation Accountingscholar. (2016, 09 28). What is Materiality? Retrieved 09 28, 2016, from www.accountingscholar.com: https://www.accountingscholar.com/determine-materiality.html Auasb. (2001). AUS 306- Materiality and Audit Adjustments. Retrieved 09 28, 2016, from www.auasb.gov.au: https://www.auasb.gov.au/admin/file/content102/c3/AUS_306.pdf Pcaobus. (2016, 09 28). AU Section 350. Retrieved 09 28, 2016, from pcaobus.org: https://pcaobus.org/Standards/Auditing/pages/au350.aspx Pcaobus. (2016, 09 28). Audit Risk and Materiality in Conducting an Audit . Retrieved 09 28, 2016, from pcaobus.org: https://pcaobus.org/Standards/Auditing/pages/au312.aspx Study. (2016, 09 28). SUBSTANTIVE AUDITING TESTS. Retrieved 09 28, 2016, from study.com: https://study.com/academy/lesson/substantive-procedures-in-auditing-definition-lesson-quiz.html