A Conversation with Student National Medical Associations Kemi Tomobi

document.createElement('audio'); https://media.blubrry.com/admissions_straight_talk/p/www.accepted.com/IV_with_Kemi_Tomobi.mp3Podcast: Play in new window | Download | EmbedSubscribe: Apple Podcasts | Android | Google Podcasts | Stitcher | TuneIn | SpotifyMed students and premeds, tune in! Join Linda Abraham and Kemi Tomobi of the Student National Medical Association in a great discussion about med school life. Listen to the full recording for insights and tips. 00:01:33 – Meet Kemi Tomobi: a very personal journey to medical school. 00:05:54 – A bit about the Student National Medical Association (SNMA). 00:10:30 – How involvement in an association enriches your undergrad and med school experience. 00:16:57 – An experience with AMSA – fighting slavery on Capital Hill. 00:18:26 – Tutoring, as well! Where do you find the time? 00:20:06 – Highlights of studying at University of Rochester: community service, neuroscience, and a trip to Ecuador. 00:22:39 – What does the future hold and why anesthesiology? 00:28:49 – Tip for med school applicants. Subscribe to Admissions Straight Talk in iTunes so you don’t miss any segments! Stay in the admissions know. (And while you’re there, feel free to leave us a review.) *Theme music is courtesy of podcastthemes.com. Check out these links! Discussed in the show: †¢Ã‚  Ã‚  Ace the AMCAS Essay †¢   Secondary Essays 101 †¢   Student National Medical Organization †¢   Journal of the  Student National Medical Organization Related Episodes †¢   Med School Admissions Conversation with Cydney Foote  Ã¢â‚¬â€œ All about the AMCAS application †¢   Med School Application Process: AMCAS, Secondaries, Interviews, Decisions More!   Subscribe †¢   Admissions Straight Talk on iTunes †¢   Admissions Straight Talk on Stitcher //

Identifying Requirements For High Level Policy Makers

Phase One – Identifying Requirements 1. High level policy makers are not only concerned with intelligence; they are constantly concerned with reelection. A policy maker who is identifying requirements could decide to focus resources on an issue that is less vital to the nation’s security in order to obtain information that will get them reelected. High level threats could be pushed to the side in order to address an issue that is not necessarily as vital but is a hot topic in news media, and public opinion. This would be followed down by the intelligence community and the more dangerous area or individual threat could be left unmonitored. 2. Often briefings and communication between high level officials and analysts are hectic times and communication of requirements could not be communicated clearly. A policy maker giving feedback on collection objectives or asking questions could be perceived by the intelligence official as requesting more information when really that policy maker has enough information to make a decision. This is an issue when two people come from different backgrounds and use different phrasing, objectives could be easily misunderstood. Time and resources would then be wasted to gather intelligence on issues that are no longer relevant. 3. Officials in the intelligence community often faced with new policy makers or those with differing views from those in the intelligence community could decide to ignore or alter requirements to suit their ownShow MoreRelatedThe Managerial And Organizational Structure Of Code Galore Essay1334 Words   |  6 Pages1. What are the managerial, organizational, technological issues and resources related to this case? Code Galore is experiencing various issues at each level of its organizational structure. There are several issues present in the managerial and organizational structure of Code Galore such as: a) The board of directors that primarily consists of professionals from the software industry were dispersed throughout the world and seldom met personally. Most of the business related conversations areRead MoreThe Civil Military Dialogue Is The Most Critical Component Of Strategic Art1400 Words   |  6 PagesArguably, civil-military dialogue is the most critical component of strategic art as it serves to build trust and create shared understanding. High levels of trust and understanding facilitate the matching of strategy to policy while forming the guiding logic that underpins the chosen theory of victory. Furthermore, candid and continuous dialogue facilitates reassessment and redirection when prewar plans fail to meet wartime realities. Without candid and iterative discourse, the result is nothingRead MoreB2B Buying Behavior1383 Words   |  6 Pages |Nontask | |Environmental |Anticipated changes in prices |Political climate in an election year | |Organizational |Policy regarding local supplier preference |Methods of personnel evaluation | |Interpersonal |Meetings to set specifications |Informal, off-the-job-interaction | |Individual Read MoreGeneral Guidelines And Rules On Risk Management1550 Words   |  7 Pagesand future levels. It gives a general way and action plan to maintain the standards dealing with particular risk and does not replace those set levels. Question 2 Identify and explain the â€Å"Risk Management Principles† in AS/NZ ISO 31000:2009. There are 11 principles for risk management, which are stated and described in detail as under: Develops and saves value Reasonable risk management practices add to the accomplishments of a company’s goals through the ongoing review of its policies and proceduresRead MoreThe Defense Acquisition System ( Das ) Essay1504 Words   |  7 Pagesresulted in relative success, the process should not be used as a model for future acquisitions. The challenge of acquisition lays in difficult-to-define metrics, shifting policies, short-term leadership, and its position of a complex system within a system. First, measuring success and failure proves elusive, making identifying meaningful change difficult. Perhaps because of this fact, the rules change rapidly. Since its inception in 1971, the Department of Defense Directive (DoDD) 5000 series hasRead MoreInteragency Agreement Analysis958 Words   |  4 Pages4. To engage the community in identifying and implementing interagency agreements is the process that starts by conducting activities that engage personnel within the cooperating agencies in discussing transition services, legal requirements for cooperation, and intentions to improve the transition service delivery system. The quality and effectiveness of interagency agreements among services agencies relies on the commitment of a spectrum of people within those agencies to cooperate. All partnersRead MoreGeneral Guidel ines And Rules On Risk Management1620 Words   |  7 Pagesand future levels. It gives a general way and action plan to maintain the standards dealing with particular risk and does not replace those set levels. Question 2 Identify and explain the â€Å"Risk Management Principles† in AS/NZ ISO 31000:2009. There are 11 principles for risk management, which are stated and described in detail as under: Develops and saves value Reasonable risk management practices add to the accomplishments of a company’s goals through the ongoing review of its policies and proceduresRead MoreDefining The Fundamental Responsibilities And Key Characteristics Of The Chief Information Officer Essay899 Words   |  4 Pagesimplementthe plan. The CIO is involved in analyzing and reworking existing business processes with identifying and developing the capability to use new tools, with reshaping the enterprises physical infrastructure and network access, and with identifyinh and exploiting the enterprise s knowledge resources. A chief technology officer (CTO), sometimes known as a chief technical officer, is an executive-level position in a company or other entity whose occupant is focused on scientific and technologicalRead MoreWhy Is It Important That Sms Programs Be Supported By Top Management? Essay1655 Words   |  7 Pagesplanning, and measuring performance. This is approached in Safety Policy which is one of the most important components of Safety Management System (SMS). Safety policy deals with the structure and outline of implementation of safe operations. Within other elements, the safety policy includes planning, organizing, compliance with regulations and low, documentation, and emergency preparedness and response. It is the level which upper level management must buy in and constantly assist the SMS. In the absenceRead MoreHow The Primary Human Exposure To Lead?1031 Words   |  5 PagesPb-Zn smelting (He et al., 2013; Li et al., 2015; Yang et al., 2011; Zhang et al., 2018a), and Pb exceed ance in foods such as maize and vegetables ( 0.3 mg Pb kg-1, fresh weight) has been extensively reported (He et al., 2013; Yang et al., 2011). High blood-Pb concentrations (average 133 ÃŽ ¼g l–1, n = 451; target blood-Pb 10-20  µg l–1) found in residents were mainly contributed by dietary intake of Pb (He et al., 2013; Yang et al., 2011). Therefore, it is crucial to take measures to lower human exposure

Supreme Court Case of Jacobson v. United States - 805 Words

Jacobson v. United States, 503 U.S. 540 (1992) Prior to the Child Protection Act of 1984, which made the purchase of child pornography illegal, Keith Jacobson of Nebraska, ordered child pornography from a bookstore. At the time of the transaction, the purchase was legal under both state and federal laws. Following the establishment of the Child Protection Act, Jacobson’s name was noted on a mailing list form the bookstore where he made the purchase. The discovery of his name led to Government agencies and â€Å"pen pals† mailing Jacobson as a way to explore if he would break the law. The efforts began in 1985 and persisted for two and a half years. The mailings consisted of various questionnaires, and literature on the legalization of child pornography. One of the letters supplied Jacobson with a list of â€Å"pen pals† that had similar responses to the questionnaires; however, Jacobson did not initiate any contact with them. Following his failure to contact any of the names provided, the Government began to commence communication. Jacobson began to receive letters from these fictitious pen pals but stopped responding after only a couple of them. Government agencies also supplied Jacobson with various brochures advertising pornography of young males. After repeated efforts, Jacobson made the decision to make a purchase. He was arrested upon its delivery. Jacobson pleaded entrapment, that the government agencies induced a behavior that would have otherwise not been committed. HeShow MoreRelatedThe Importance Of Compulsory Vaccination836 Words   |  4 PagesThe first important case regarding compulsory vaccinations was brought before the Supreme Court of the United States in 1905 (Jacobson v. Massachusetts, 197 U.S. 11 (1905)). This case was Jacobson v. Massachusetts. During this time period, there was a recurring threat of a smallpox epidemic (Mariner, Annas, Glantz 2005). In order to prevent the spread of the disease, the state of Massachusetts enacted a statute that granted city boards of health the power to require vaccinations to be administeredRead MoreMandatory Vaccination in the United States: A Past and Present Examination of Jacobson v Massachusetts1136 Words   |  5 Pagestook a Supreme Court decision to ultimately assert whether a state mandating vaccination infringed upon the U.S. Constitution. Compulsory vaccination in the U.S. was established in the federal Supreme Court case Jacobson v. Massachusetts, which ruled that the common good allowed a state to require vaccination (3). This 1905 landmark decision held that the common good – defined as safety and health – could override personal liberty in the matter of vaccination laws (3). Henning Jacobson, a residentRead MoreThe Pros And Cons Of Vaccination1011 Words   |  5 Pageseffectiveness of mass immunization. The courts in the nineteenth century typically supported the enactment of mandatory vaccination programs. Most importantly for the future of mandatory vaccination policy, one important Supreme Court decision in the early part of the twentieth century acknowledged the power of state governments to mandate vaccination. Jacobson v. Massachusetts, was a United States Supreme Court case in which the Court upheld the authority of states to enforce compulsory vaccination lawsRead MoreThe Legacy of Jacobson V. Massachusetts on Public Health2627 Words   |  11 PagesAmerican Military University The Legacy of Jacobson v. Massachusetts on Public Health PBHE426 Professor Lucas February 19, 2012 Abstract In the 1905 Supreme Court case of Jacobson v. Massachusetts, the court ruled that the state had the right to compromise a person’s right to due process in the name of the common good of society. This case was controversial because it brings up a question of whether or not the ruling was ethical. More than one hundred years later, the ruling still playsRead MoreMandatory Vaccinations For School Children Essay1782 Words   |  8 Pagesof the United States, and consequently, should—with few exceptions—continue to be mandated in our school system. Laws and Mandates in the United States To fully understand the argument for mandated vaccinations, it is important to understand how different States define the word, â€Å"mandate,† and the Supreme Court’s reasoning behind upholding vaccination laws. Many would associate the word â€Å"mandate† with an order or command, or something that signifies requirement or inexcusableness, but States’ legislaturesRead MoreShould Public Health Be Mandatory Vaccination?2620 Words   |  11 Pagesthe welfare of the entire population, protect people from being infected by diseases, and provide access to safety and health care for people. For several decades, all 50 states had required parents to immunize their children against various diseases as a requirement before entering public schools (Kitch E, et al), and the courts had already found that the mandatory vaccination statues for schoolkids are constitutional. As a result, the government has struggled finding a balance between protectionRead MoreThe Affo rdable Health Care Act1359 Words   |  6 PagesThe Patient Protection and Affordable Care Act (PPACA) is a United States federal statute that was signed into law by President Barack Obama on March 23, 2010. This particular law has come with much controversy. The law (along with the Health Care and Education Reconciliation Act of 2010) is the principal health care reform legislation of the 111th United States Congress. PPACA reforms certain aspects of the private health insurance industry and public health insurance programs, increases insuranceRead MoreFederal And State Governments Should Not Mandatory Vaccination Of Adult Citizens762 Words   |  4 PagesThe federal and state governments do not require vaccination of adult citizens. However, the Centers for Disease Control and Prevention (CDC) recommend certain vaccinations for adults. An employee may require immunizations as a condition of employment (i.e. US military and healthcare workers). In addition, the CDC recommends certain vaccinations for teens and college students that attend school as a means to curtail the spread of highly communicable diseases such as meningitis. Finally, the federalRead MoreWarrantless Search and Seizure Memoranda1299 Words   |  6 PagesLinda Barron-Gronvold CCJS 234-Criminal Procedure and Evidence September 17, 2013 Warrantless Search amp; Seizure Memorandum To: Judge M. Pearson From: Linda Barron-Gronvold Re: Elliott Watson case – Marijuana Possession with Intent to Distribute Prosecution Date: September 17, 2013 Brief Summary: Elliott Watson was arrested for the possession of marijuana with the intent to distribute said illegal drug. Elliott Watson was stopped by Officer Timothy Johnson becauseRead MoreEssay about Buck versus Bell3633 Words   |  15 PagesBuck versus Bell During the early twentieth century, the United States was enduring significant social and economic changes due to its transformation into a commercial and industrial world power. As the need for labor escalated within many urban areas, millions of Europeans emigrated from Southern and Eastern Europe with the hopes of capitalizing upon these employment opportunities and attaining a better life. Simultaneously, many African-Americans migrated from the rural South into major cities

Auditing & Assurance Pertinent Accounting Theory

Question: Describe about the Auditing Assurance for Pertinent Accounting Theory. Answer: Abstract The current segment elucidates different pertinent accounting theory, auditing as well as the assurance services with special orientation to the functions of the corporation BSF Limited. The current section aims to present a detailed overview of different operations of the corporations BSF Limited; an Australia based Bioresearch Corporation listed in the stock exchange of Australia. This specific corporation undertakes diverse research work for exploitation of the bacteria for the production of the fish. Nevertheless, the organization BSF Limited also embarks on different research functionalities that surrounds around diverse bioresearch for the invention of groundbreaking sustainable aqua cultural feeds. In addition to this, the present study also unearths different challenges that the company BSF Limited has encountered while carrying out research on different plant based feed. The research on the plan based feed are aimed at resolving different problems concerning fish based feed together with the cost borne by the corporation owing to unsuccessful projects. Again, the ineffective research also drew disapprovals from different environmentalists and faced the accusation of diversion of the food crops of superior value into lavish fish. However, this led to the most recent research on different bacteria based investigation for the production of the feeds that finally met with immense success. Furthermore, the present study consequently elucidates the sequential steps or else the necessary actions prior to the consideration regarding the auditing and implementation of the same into different functionalities of the corporation BSF Ltd. Subsequently; the present study critically assesses the risk associated to the process of audit along with the implementation of diverse utilities. Additionally, the up to date report explicates in detail the whole audit program for the business and illustrates the overall accounting treatment of different transaction related to t he research as well as development. Apart from this, the current report also elucidates in detail the applicable accounting treatment of the transactions associated to the government grant received by the business concern BSF Limited from the particular association Commonwealth Scientific and Industrial Research Organisation (Federal Government of Australia). As a result, the report handles the overall process of analysis of the investigation as being publicly in addition to environmentally pleasant. Ultimately, the current task undertakes investigation of the sensibleness of the declaration as regards the valuation of the patent as an exclusive control over the superior technology utilized by the research association. Steps to be measured before recognition of audit and implementation in the BSF Ltd As rightly indicated by Chambers and Odar (2015), the audit procedure inevitably needs to abide by different auditing standards conditioned under the Section 336 of the Corporations Act 2001. Therefore, the procedure of auditing calls for the conformity with diverse auditing standards specifically, ASA 100 (Preamble to AUASB Standards), ASA 101 (Preamble To Australian Auditing Standards), ASA 102 (Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements) and many others (Auasb.gov.au 2016). Again, the course of action involved in the process of assessment of the audit includes inspection of the potential clients of different Accounting Corporation, associated actions of the business in conjunction with the business owners. However, the chronological course of action of the audit also encompasses appraisal of different disagreeable risk related to the client that consists of examination of largely consistency of the business (Christensen et al. 2014). Nevertheless, the modus operandi of the audit pursue the due diligence process and substantiate the entire ethical threats related the privacy otherwise the contradictory benefits. Besides this, the management of the corporation BSF Ltd needs to possess sufficient capability for implementing the business action, since this business concern is a bioresearch business concern. On the other hand, varied state of affairs for audit supports the practice of determination of diverse appropriate structure for the financial over and above account of the business concern (Chychyla et al. 2015). Moreover, the procedure of inspection also consists of the assessment of the authenticity of the existing information relating to the client together with the compliance with various accounting standards. Apart from this, the assessor also has the need to inspect the ethical obligations and preserve the quality of the overall activity (Cohen et al. 2013). Besides this, the administration of the corporation also has the need to be consonant with each other with regard to the process of preparation as well as presentation of diverse financial statement. As a result, the assessors require assurance regarding the financial declarations of the corporation that needs to be without any kind of material fault that might occur due to diverse deceitful activities if not unintended faults. As rightly put forward by Duncan and Whittington (2014), the evaluator can prohibit the commitment with respective client corporation provided the administration put into practices different constraints on varied audit actions. Besides this, the evaluators can turn down definite proposals of audit whilst the financial evidences are not organized in accordance with the acceptable directives. Nonetheless, the evaluators take for granted substantiation from the earlier auditor concerning the implementation of different legal and simultaneously the procedure of realization (Hegazy and Farghaly 2016 ). Over and above this, the auditors can also assure the option of the projected evaluator consistent with diverse statutory requirements. Eventually, the assessors have the need to propose the mandatory letter of engagement with the specific client. Risk estimation of the audit of BSF Ltd As rightly indicated by Munteanu and Berechet (2014), the method of assessment of the overall audit risk have the need to abide by different accounting standards stipulated under the Australian Auditing Standards. This accounting notion or else the standards establish diverse obligations and all together offer the procedure of operation of the principles. As such, the evaluators can follow the regulations for example the AUASB ED 7/08 (Proposed Auditing Standard ASA 315) that aids the procedure of recognition and at the same time evaluation of the materiality risk (Auasb.gov.au 2016). Besides this, several other principles are put forward as a directive for executing the overall audit. Nonetheless, the central purpose of the appraiser is to recognize and to lessen the entire risk to an extensively low level simultaneously (Needles et al. 2013). Moreover, the evaluation of the current case study divulges the matter that the inherent risk associated to the operations of the corporation BSF Ltd is roughly around 90%. Again, conversely the control risk is currently at 5%. However, as per the case study, the risk of detection is said to be around 80%. In addition to this, the risk of audit as per the current case can be analyzed by deployment of the Audit Risk Model. As per the Audit Risk Model, the auditor can take into account both control in addition to inherent risk (Porter et al. 2014). Consequently, the audit risk can as a result, enumerated by execution of the rule that states that the audit risk is essentially the multiplication of the recorded inherent risk, detection risk in addition to risk associated to control. As a result, the formula for computation of the audit risk can be essentially expressed as (Audit Risk = Inherent Risk*Detection Risk*Control Risk). As stated in the case study, the risk associated to audit is as a result equal to 0.36=0.8*0.9*0.05. Therefore, the audit risk is computed to be equal to 36%. The audit risk needs to be within 10% an d this replicates the matter that the auditors need to implement the role of audit for the corporation BSF Limited. Audit program for the BSF Ltd The assessors can formulate audit program to ensure that a particular business functions properly. An appropriate audit program can also ensure proper control of the business and evaluation of the same for improvement (Reimers 2014). The assessors can acquire enough information and mandatory validation by undertaking an effective audit programs that entails a list of varied tasks related to the assessment as well as audit. As such, the audit procedures are mainly created with the objective of the improvement of methods of accounting and diverse accounting strategies (Reimers 2014). However, the process of audit involves different investigations and process of validation in addition to various processes of control. In a bid to validate different audit opinions, the auditors need to conform with different performance obligations stipulated under the Auditing Standards. Based on the directives of the audit the auditor needs to develop the requisite working papers. The auditor also needs to register different facets that can assist the entire mechanism of substantiation of the assessment. The auditors also have the need to prepare and present the working papers and record different functionalities in both the existing as well as the permanent audit register (Warren et al. 2013). As suggested by Weil et al. (2013), the permanent audit paper essentially comprises of different elements that can unceasingly influence the overall presentation of the Document of the Copy of Memorandum of Association of the organization BSF Limited. The permanent audit paper necessarily includes legal articles, vital minutes along with other important documents of contracts of the corporation BSF Limited. Besides this, the audit papers of the corporation BSF limited also needs to contain certain vital information as regards the internal control mechanism as well as the procedure of accounting followed by the corporation BSF Limited. Furthermore, the important audit documents of the firm B SF Limited also needs to include information concerning the overall structure and framework of the company, vital suggestions offered by different legal advisor and also bankers and necessary information regarding the accounts of balance, demonstration of the procedures of preparation, presentation as well as evaluation of financial accounts of the company BSF Limited (Chychyla et al. 2015). The auditor also needs to present principled accounting procedures, financial statements of superior quality and different performance indicators along with significant financial ratio that can help in recognition of the actual business trends. Set of the journal entries for diverse business transactions for research and development Journal entries for the research and development (RD) expenses are the following: Journal entries for recording specific transactions during the year 2013 Dr. RD exp 260,000,000 Cr. Cash or A/P 260,000,000 Dr. Cash or A/P $500,000,000 Cr. RD exp. $100,000,000 Cr. Unearned grant revenue $400,000,000 Journal entries for recording specific transactions during the year 2014 Dr. RD exp. 100,000,000 Cr. Cash or A/p $ 100,000,000 Dr. Unearned grant revenue 100,000,000 Cr. Research grant revenue 100,000,000 Journal entries for recording specific transactions during the year 2015 RD expenses $ 100,000,000 Cr. Cash or A/p $100,000,000 Dr. Unearned grant revenue 100,000,000 Cr. Research grant revenue 100,000,000 Journal entries for recording specific transactions during the year 2016 RD expenses $ 60,000,000 Cr. Cash or A/p $60,000,000 Dr. Unearned grant revenue 60,000,000 Cr. Research grant revenue 60,000,000 Accounting treatment of the grant Consistent with the accounting guidelines conditioned under the accounting standard AASB 120, the conditions predetermined under the standard IAS 20, the accounting treatment for establishment of the government grants can be undertaken appropriately (Graham 2015). The regulations conditioned under pertinent accounting principles mentions that the government grants can be recorded as profit otherwise loss in an organized system all through the process by which the business concern recognizes and records the specific disbursements as mostly related costs. Besides this, the entire procedure involved in the recognition and at the same time documentation of specific government grants received by organizations close to profit or else loss is not as per different suppositions under the accrual accounting as shown under the specific accounting criterion of AASB 101 Presentation of Financial Statements (Graham 2015). Nonetheless, the means of recording government grants does not appropriately convince the entire practice of accounting. However, the government grant can be considered as a receivable and can be regarded as specific type of reimbursement. This in turn can provide the immediate financial defence to the complete business division with no plausible associated costs documented as profit or else loss during the particular course of time (Chambers and Odar 2015). Socially responsible as well as environmentally friendly account of the research The process of research and development undertaken by the corporation BSF Ltd needs to be socially responsible and all at once environmental friendly for maintenance of sustainability of operations. As per the case study on BSF Limited, the research work carried out on development of plant based feed by the corporation BSF Limited encountered criticisms from different quarters especially from environmentalists that suspected that the procedure of diversion of different food crops that are of human quality into the spendthrift fish can be compared to the procedure of diversion of different low valued fish into production. For that reason, this particular way of business can adversely affect the underprivileged people and sequentially shoot up the risk linked to malnutrition. As a result, there is a serious need for the development of a sociable and all at once environment friendly process of undertaking research. As such, this business practice also divulges the matter that the compan y BSF Limited needs to abide by diverse directives and regulations that are in essence specified standards. This can turn can help in the process of social and environmental assessments in the course of running business operations on a daily basis (Chambers and Odar 2015). Yet again, the corporation BSF Limited also has an obligation as regards the appropriate functioning of the customary system of tracking of varied environmental challenges in the business entity on the whole. Apart from this, there is a pressing need on the part of the management of the company BSF Limited to conform to a variety of strict guidelines concerning the functioning policies that in turn can even out the entire procedure of deliverance of the business function (Duncan and Whittington 2014). Furthermore, the human resource section of the corporation BSF Limited also needs to maintain just plus clear view that can evade biases to a definite party and uphold social liability (Hegazy and Farghaly 2016). Evaluation of the rationality of the exclusive control over bacteria-based feeds technology The implementation of appropriate control mechanism of fundamentally an intangible asset can facilitate the initiation of imminent economic growth and development (Chambers and Odar 2015). However, the potential of a specific business to manage the impending economic reimbursement from a particular intangible asset can take place out of a variety of legal alliances that can well be regarded as mandatory under provisions of applicable law. Conversely, companys control over particular intangible assets can sustain the overall route of development of general technical features (Needles et al. 2013). However, this can also assist the course of acquirement benefits in the upcoming stage (Needles et al. 2013).As per the provisions under the accounting standard AASB138 paragraph 13 -16, BSF Limited need to be acclimatized to and maintain certain level of proficiency and capability of the employees, shield the patents that consecutively can create economic benefits in the approaching period (Australian Accounting Standards Board AASB - Home 2016). Nonetheless, on account of deficiency of different lawful planning, the company BSF Limited can plan to shield the upcoming rewards through different substitute acts or else assessments. References Auasb.gov.au. 2016.Auditing and Assurance Standards Board AUASB - Home. [online] Available at: https://www.auasb.gov.au [Accessed 22 Sep. 2016]. Australian Accounting Standards Board AASB - Home. 2016.Aasb.gov.au. Retrieved 14 September 2016, from https://www.aasb.gov.au Chambers, A. D., and Odar, M. 2015. A new vision for internal audit.Managerial Auditing Journal,301, 34-55. Christensen, T.E., Baker, R.E. and Cottrell, D.M., 2014. Advanced Financial Accounting. The McGraw-Hill Companies, Inc. Chychyla, R., Leone, A.J. and Minutti-Meza, M., 2015. Financial Reporting Complexity and Accounting Expertise. Chychyla, R., Leone, A.J. and Minutti-Meza, M., 2015. Financial Reporting Complexity and Accounting Expertise. Cohen, J.R., Krishnamoorthy, G., Peytcheva, M. and Wright, A.M., 2013. How does the strength of the financial regulatory regime influence auditors' judgments to constrain aggressive reporting in a principles-based versus rules-based accounting environment?. Accounting Horizons, 273, pp.579-601. Duncan, B., and Whittington, M. 2014, September. Compliance with standards, assurance and audit: does this equal security?. InProceedings of the 7th International Conference on Security of Information and Networksp. 77. ACM. Graham, L. 2015.Internal Control Audit and Compliance: Documentation and Testing Under the New COSO Framework. John Wiley Sons. Hegazy, M. A., and Farghaly, M. 2016, August. Internal audit practices and standards: external and internal auditors' perceptions on Compliance in an Emerging Economy. InAmerican Accounting Association Annual Meeting. Munteanu, V. and Berechet, M., 2014. Paradigms of the Concepts and Principles Substantiating the Elaboration and Presentation of the Financial Reporting Situations. International Journal of Academic Research in Accounting, Finance and Management Sciences, 44, pp.72-78. Needles, B.E., Powers, M. and Crosson, S.V., 2013. Principles of accounting. Cengage Learning. Porter, B., Simon, J. and Hatherly, D., 2014. Principles of external auditing. John Wiley Sons. Reimers, J.L., 2014. Financial Accounting: Business Process Approach. Pearson Higher Ed. Warren, C.S., Reeve, J.M. and Duchac, J., 2013. Financial managerial accounting. Cengage Learning. Weil, R.L., Schipper, K. and Francis, J., 2013. Financial accounting: an introduction to concepts, methods and uses. Cengage Learning.