Accounting Business And Corporate Banking

Internal and External Audits of Westpac The financial declaration of Westpac Group is prepared and presented as per the conditions stipulated under Australian Accounting Standards (AAS) Interpretations as declared by AASB Corporation Act 2001 as well as banking at 1959 modified. In addition to this, the financial statement also complies with IFRS and ISB. As per the declaration of the auditor independence stipulated 307c of the Corporation Act, there exists no contravention of the requirement of independence of the auditors under Corporation Act 2001 in association to audit. Furthermore, there also exists no contravention of any professional conduct code in association to audit. Corporate Governance of Westpac encompasses the major principles for serving the rights of the shareholders. Board is committed to highest standards in aligning with Corporate Governance in recognizing fundamental for all the activities. This involves regular analysis of improved government practices for monitoring the global developments as per best practices in Corporate Governance[2]. Corporate Governance Statement of Westpac sets out the given principles covering the main aspect such as: The management of Westpac confirms with ASX Corporate Governance Principles as well as Recommendations namely third edition declared by Corporate Governance Council of ASX Limited. This tactics refers to the commitment of the company towards achievement of excellence in governance stipulations. Business Strategy of Westpac involving in conducting customer-focused those will deliver superior customer experience as well as broadening of customer relationships. In other words, driving operational efficiency for Westpac in balancing risk and reward As per the Director report presented in the annual declaration of the company, Westpac intends to attract and retain talented workforce. This means the company also adopts innovative recruitment strategies, superior working conditions for meeting up altering expectations of the employees and developing right people for right job. The company has retained â€Å"Employer of choice for Gender equality provided by workplace Gender equality agencies†. The company also abides by legislative liabilities â€Å"Workplace Injury Management and Workers Compensation Act 1998†, Accident Compensation Act (1985), Workers Rehabilitation and Compensation Act 1986. Employee working at Westpac is provided with efficient formal as well as training session at the time of induction programs[4]. Commitment to employees at Westpac involves staff member receiving adequate training as well as development selected on merit basis. 2. It reveals conducting appropriate research for determining the Australian Accounting Standards in case for reporting as well as non-reporting entities. By summarizing, it can be noticed that Board list entity after approving from entity financial statements for given financial period. From the financial records, information are taken out regarding the reporting standard and non-reporting entities in compiling with appropriate accounting standards for rendering true and fair view of financial position[5]. The general purpose of financial report for preparing financial statement in accordance with Australian Accountant Standards from the Corporations Act 2001 Shim J, Siegel J and Shim J,  Financial Accounting  (McGraw-Hill 2012) 'Westpac - Personal, Business And Corporate Banking' (Westpac.com.au, 2016) accessed 10 November 2016 'Westpac - Personal, Business And Corporate Banking' (Westpac.com.au, 2016) accessed 10 November 2016. Jae K Shim, Joel G Siegel and Jae K Shim,  Financial Accounting  (McGraw-Hill 2012). Westpac - Personal, Business And Corporate Banking' (Westpac.com.au, 2016) accessed 10 November 2016. Westpac - Personal, Business And Corporate Banking' (Westpac.com.au, 2016) accessed 10 November 2016. Westpac - Personal, Business And Corporate Banking' (Westpac.com.au, 2016) accessed 10 November 2016.

Saccharomyces Cerevisiae Essay Example | Topics and Well Written Essays - 3500 words

Saccharomyces Cerevisiae - Essay Example The genus includes many other types of yeast important to food production. The taxonomic structure of Saccharomyces cerevisiae is as follows: S. cerevisiae (Baker's yeast) is subjected to various environmental stresses during its propagation and industrial application. Yeast being prepared for the baker's facilities is subjected to many such stresses as freezing, frozen storage and thawing of bread dough. Besides this there are the usual stresses of fluctuations in nutrient supply, acidity levels, osmolarity and temperature and exposure to toxic substances like heavy metals and radiation (Schade et al, 2004). This often reduces the yeast's dough-leavening capabilities as well as other viable factors (Rodriguez-Vargas et al, 2002). The same is true when the yeast is applied to other food production techniques as wine-and beer-making. Thus, the negative effects of environmental stress on this species of yeast have great technological and economic impact (Rodriguez-Vargas et al, 2002). ... Thus, the negative effects of environmental stress on this species of yeast have great technological and economic impact (Rodriguez-Vargas et al, 2002). The organisms, through special stress response factors that act at the transcriptional levels, either induce or repress a set of genes known as the general or environmental or common stress response (ESR) (Schade et al, 2004). Genome wide transcriptional profiling has revealed that 10% of the entire genome is induced or repressed in this stress response (Schade et al, 2004). The induced genes usually are involved in cellular functions such as protein folding and degradation, transport and carbohydrate metabolism while the repressed genes are associated with cell growth-related processes that are suppressed till more convenient circumstances evolve. Such related processes may be RNA metabolism, nucleotide biosynthesis, secretion and ribosomal performance (Schade et al, 2004).Stress Regulation in S. cerevisiae Cells of Saccharomyces cerevisiae handle a diverse range of stresses by mediation via a penta-nucleotide element called stress response element (STRE). This is quite in line with the 5-nucleotide heat shock regulatory element discussed later in the paper. STRE mediates in conjunction mainly with two transcriptional proteins Msn2p and Msn4p (Treger et al, 1998). Several genes, the induced ones that are also the ones that are instrumental in inactivating the ones that are repressed in the environmental stress response, responding to stress like heat shock, osmotic shock, post-diauxic shift growth and nitrogen starvation are induced to transcriptional activity by sequences containing STRE, especially the Msn2p/Msn4p/STRE pathway (Treger et al, 1998). There are also a few

Racial Profiling Research Paper Example | Topics and Well Written Essays - 1500 words

Racial Profiling - Research Paper Example It should be noted that there are many organizations which advocate for human rights and all individuals must be respected whether they come from a minority group or a dominant group. The idea that an arrest is made based race or ethnicity is only an indication that those countries or people in that nation still practice racial discrimination which is a bad concept. When the law is being implemented it must be implemented equally on all people in the society and should not be seen to lie on one side. People or different races have rights and when their rights are violated it becomes not only an issue in that country but also raises international concerns. Racial profiling as a problem It has been seen that racial profiling is any action initiated by the law enforcement agencies whether the police or any other group that is mandated with the authority to enforce the law that is based on race or ethnicity or even the nationality of an individual rather than by looking at the behavior o f that individual or any other information that may lead to the suspect who committed a crime or offence. The idea that because a given race is present in a given place means that they are the ones engaged in criminal activity is rather absurd and should not be tolerated (Tomaskovic-devey, 2009). ... George Bush once said in 2001 in his address that racial profiling is a bad idea and America will work to ensure that it is stopped. He noted that though there are many good police officers out there are a few who are still practicing the vice and they will not be tolerated and measures will be put in place to stop these abuses (Ryberg, 2011). Racial profiling is still a huge problem in the United States law enforcement agencies and especially the police. The police have said that racial profiling is a good concept. That it is both effective and necessary. They say that crime is higher in some communities and not in others especially those that have a minority population existing among them. They argue that the minority population is the one that engages in crimes and that to ignore that fact just because of the moral implications behind it is unprofessional and morally wrong. (Glover, 2007) Many other scholars have argued against this saying that the presence of a minority group in the population does not necessarily mean that they are the ones engaged in the criminal activity. The dominant group may also be responsible for the criminal activity and because they know that the minority group will be accused they hide and only perfect their plans making it even harder to recognize them. The causes of racial profiling are very clear. Scholars argue that the prevalence of this issue is based on poor reasoning from the police officer. They argue that because the cock crows every morning and we see the sun rise does not mean that there is a correlation between the two. Thus because there is crime in a given area and there is the presence of a minority group does not