Barriers to Thinking Research Paper Example | Topics and Well Written Essays - 250 words

Barriers to Thinking - Research Paper Example Ruggiero (2009) correctly calls it, in the layman’s language, a tendency of laziness that most people are inclined to. Change by its very nature forces people to learn new ways and means and stretch ones imagination towards a new goal. One who is ready to change will inevitably initiate a process of thinking. Self-deception is the second barrier to thinking that can be seen in most of us. Finding fault in others, in circumstances for our all failures is a biggest self-deception that we resort to. That is how we pass on, very cleverly, all responsibilities on others. Self-deception is an enemy to our growth and development. At times, we conveniently forget that odds are there everywhere yet certain people do overcome them with their rightful thinking and introspection in the life (Ruggiero 2009). Riggiero (2009) advises us to abstain from taking any instantaneous viewpoint or form any opinion on any matter because that will be mostly judgmental and only out of our deep rooted old habits that we are mired of. When we are successful in this first step, then and then only, we will be able to initiate our unbiased and conscious thinking process that will gradually loosen our ties with all barriers to

Generally Accepted Auditing Standards (GAAS) Essay

Generally Accepted Auditing Standards (GAAS) - Essay Example ements are prepared in accordance with the accounting standards with a view to provide reliable, comparable and very useful information to various stakeholders, but also they are duly audited fairly and reported properly. Given the multiplicity of transactions involved, it is not easy for the ultimate owners to go through each and every entry so as to safeguard their interests. Auditors normally perform such functions. In the United States, the American Institutes of Certified Public Accountants have prescribed Generally Accepted Auditing Standards in order to facilitate fair auditing procedures. These Auditing standards mostly deal with what auditors should be performing, how they should do the fieldwork and what they should report. These auditing standards specify that audition function should be done by qualified auditors with appropriate technical skills and proficiency, free from such mental attitude that may obstruct auditing process and should have the capability of giving independent opinion on the books of accounts and accounting practices followed. Further, the auditing standards discuss the importance of checks and balances to be instituted by auditors in the fieldwork not only concerning auditing and accounting procedures but supervising assistants. And, finally, the standards provides a very good description of the meaning of independence that needs to be exercised by auditors while providing opinion. It has to be fair on the issue of comprehensiveness of accounting procedures, their sufficiency, transparency and ability to provide such opinions. Given the institutional feature of corporate America, there is a need to understand the meaning of corporate governance. Though the subject attracted a wider interest with formulation of Cadbury Code by London Stock Exchange in the early 1990s, the collapse of giant organizations like Enron and Worldcom attracted wider interest in United States and elsewhere internationally. The fall of various public