Fizzy Sherbet Powder Candy Recipe

Sherbet powder is a sweet powder that fizzes on the tongue. Its also called sherbet soda, kali, or keli. The usual way to eat it is to dip a finger, lollipop, or licorice whip into the powder. If you live in the right part of the world, you can purchase Dip Dab sherbet powder in a store or online. Its also super easy to make yourself, plus its an educational science project. Ingredients 6 teaspoons citric acid powder or crystals3 tablespoons sodium bicarbonate (baking soda)4 tablespoons (or more, adjust to taste) icing sugar or sweetened powdered drink mix (e.g., Kool-Aid) Substitutions: There are several possible ingredient substitutions that will produce fizzy carbon dioxide bubbles. You can mix-and-match citric acid, tartaric acid, or malic acid for the acidic ingredient.You can use sodium bicarbonate (baking soda), baking powder, sodium carbonate (washing soda), and/or magnesium carbonate as the basic ingredient.The sugar or flavoring is up to you, but its worth knowing most flavored drink mixes contain an acidic ingredient, so if you cant find any of the acids, you can simply combine a flavored drink mix that contains one of the acidic ingredients with any of the basic ingredients.  The ratio of the ingredients is not critical. You can adjust the recipe to add more sugar, a sugar substitute, or a different amount of acidic and basic ingredients. Some recipes call for a 1:1 mix of acidic and basic components, for example. Make Fizzy Sherbet If your citric acid comes as large crystals rather than as a powder, you may wish to crush it with a spoon.Mix together these ingredients.Store sherbet powder in a sealed plastic bag until youre ready to use it. Exposure to moisture starts the reaction between the dry ingredients, so if the powder gets damp before you eat it, it wont fizz.You can eat it as-is, dip a lollipop or licorice into it, or add the powder to water or lemonade to make it fizz. How Sherbet Powder Fizzes The reaction that makes sherbet powder fizz is a variation of the baking soda and vinegar chemical reaction used to make the classic chemical volcano. The fizzy lava in the baking soda volcano forms from the chemical reaction between sodium bicarbonate (baking soda) and acetic acid (in vinegar). In fizzy sherbet, sodium bicarbonate reacts with a different weak acid -- citric acid. The reaction between the base and the acid produces carbon dioxide gas bubbles. These bubbles are the fizz in sherbet.   While the baking soda and citric acid react slightly in the powder from the natural humidity in the air, exposure to water in saliva allows the two chemicals to react much more easily, so much more carbon dioxide fizz is released when the powder gets damp.

Fizzy Sherbet Powder Candy Recipe

Sherbet powder is a sweet powder that fizzes on the tongue. Its also called sherbet soda, kali, or keli. The usual way to eat it is to dip a finger, lollipop, or licorice whip into the powder. If you live in the right part of the world, you can purchase Dip Dab sherbet powder in a store or online. Its also super easy to make yourself, plus its an educational science project. Ingredients 6 teaspoons citric acid powder or crystals3 tablespoons sodium bicarbonate (baking soda)4 tablespoons (or more, adjust to taste) icing sugar or sweetened powdered drink mix (e.g., Kool-Aid) Substitutions: There are several possible ingredient substitutions that will produce fizzy carbon dioxide bubbles. You can mix-and-match citric acid, tartaric acid, or malic acid for the acidic ingredient.You can use sodium bicarbonate (baking soda), baking powder, sodium carbonate (washing soda), and/or magnesium carbonate as the basic ingredient.The sugar or flavoring is up to you, but its worth knowing most flavored drink mixes contain an acidic ingredient, so if you cant find any of the acids, you can simply combine a flavored drink mix that contains one of the acidic ingredients with any of the basic ingredients.  The ratio of the ingredients is not critical. You can adjust the recipe to add more sugar, a sugar substitute, or a different amount of acidic and basic ingredients. Some recipes call for a 1:1 mix of acidic and basic components, for example. Make Fizzy Sherbet If your citric acid comes as large crystals rather than as a powder, you may wish to crush it with a spoon.Mix together these ingredients.Store sherbet powder in a sealed plastic bag until youre ready to use it. Exposure to moisture starts the reaction between the dry ingredients, so if the powder gets damp before you eat it, it wont fizz.You can eat it as-is, dip a lollipop or licorice into it, or add the powder to water or lemonade to make it fizz. How Sherbet Powder Fizzes The reaction that makes sherbet powder fizz is a variation of the baking soda and vinegar chemical reaction used to make the classic chemical volcano. The fizzy lava in the baking soda volcano forms from the chemical reaction between sodium bicarbonate (baking soda) and acetic acid (in vinegar). In fizzy sherbet, sodium bicarbonate reacts with a different weak acid -- citric acid. The reaction between the base and the acid produces carbon dioxide gas bubbles. These bubbles are the fizz in sherbet.   While the baking soda and citric acid react slightly in the powder from the natural humidity in the air, exposure to water in saliva allows the two chemicals to react much more easily, so much more carbon dioxide fizz is released when the powder gets damp.

History Of Obedience And Conformity - 1729 Words

History of Obedience and Conformity With the utterance of â€Å"research in obedience,† Stanley Milgram is the epithet in social psychology. 56 years ago, Milgram tested the limits of a person s ability to commit deeds that would normally be directionally challenging to their moral compass when commanded to act by an authority figure. Just 15 years after the World War II Holocaust, the Milgram experiments was a social psychology response to a topic of â€Å"particular relevance† during that time (Milgram, 1963): Were Nazi officers following orders or can they be held accountable as accomplices (as cited by McLeod, 2007)? Milgram tested this theory by â€Å"ordering a naà ¯ve subject to administer [an] electric shock to a victim.†(Milgram, 1963). The†¦show more content†¦Elms describes his graduate work with Milgram at Yale Universtiy to be â€Å"extraordinary for [the] time,† yet due to ethical concerns have â€Å"in a sense [have] been frozen i n time† (Elms, 2009). If the research code of ethics locked down experiments such as Milgram’s, how then did Jerry Burger (2009) replicate Milgram without violating ethics standards? The very same question Elms (2009) has marveled in his critical review of Burger’s Replicating Milgram: Would people still obey today? Burger notes the crucial moment in Milgram’s procedure is â€Å"when the participant presses the 150-volt switch [and] the learner †¦demands to be released† (Burger, 2009) nearly all participants hesitate to show reluctance before continuing. Burger’s replication study stops the experiment at the moment that the participant decides to continue past 150-volts (2009). Burger also built in additional â€Å"safeguards† to ensure the protection of the participant s well-being including a two-part screening, three notifications that participants can stop anytime, a sample shock to the participant, immediate debrief and full disclosure of the experiments intentions. Burger’s results were similar to Milgram’s, with few intentional differences (2009). The two significant features of Milgram (1963) and Burger (2009), was forceful coercion of the authority figure to command obedienceShow MoreRelatedObedience and Conformity Essay508 Words   |  3 PagesObedience and Conformity Both obedience and conformity involve social pressure in obedience the pressure comes from behaving as you are instructed to do; whereas in conformity the pressure comes from group norms Behaviour in obedience is determined by social power, whereas in conformity it is influenced mostly by the need for acceptance. In nearly all societies, certain peopleRead MoreThe Science Of Social Psychology1329 Words   |  6 Pagesto decipher topics such as conformity, independence, and identity on a logical basis. We use it, to a degree, to study how every group has an impact on a singular entity, as well as how those impacts end up dictating the overall behavior of the entity. Hence, the apple analogy bears significant meaning: How do â€Å"good apples†, or normal, law abiding citizens, become â€Å"bad apples†, or the so called†scum of society†? Social dynamics affect elements such as conformity, obedience, and deindividualizationRead MoreEvaluation Of An Immersive Video Environment910 Words   |  4 Pagesparticipants were given questionnaires to scale their personality tendencies. In an immersive video environment, the participants who showed more immersion were also those who obeyed less. As a total, thirty-two percent of the participants showed full obedience, and went up to 450 volts. General result showed that participants obeyed more when the victim was hidden, regardless of the victim’s race. From the view of ethnicity, although there was no significant difference, participants reacted with less anxietyRead MoreThe Background on the Stanley Milgram Theory Essay1088 Words   |  5 Pagesfind out whether or not the Adolf Eichmann accomplice had the same intent and hate towards the Jewish people during the holocaust. Based on Solomon Asch’s past experiments on conformity, Milgram’s experiment was done to determine whether or not the power of the situation could cause average people to conform to obedience. The results of Milgram’s experiment were astounding. The research of Milgram’s experiment had such a major impact o n social psychology that we still use his findings to analyzeRead MoreDeception Is Not Based On Ethical Concerns1413 Words   |  6 Pagesour society’s shared intellectual legacy – that small body of historical incidents, biblical parables, and classic literature that serious thinkers feel free to draw on when they debate about human nature or contemplate human history† (Gilovich et al, 2012). Milgram Obedience Experiments Ethical and moral concerns often exist with the use of deception in psychological research and experiments. Bortolotti and Mameli (2006) argue that, with the satisfaction of some requirements, the possibility existRead MoreComparative Psychology : Zimbardo s Stanford Prison Study868 Words   |  4 Pagesthe most well known studies in the history of psychology: Zimbardo’s Stanford Prison Study. While Reading 38 recounts a crucial study that demonstrated the power, conformity in determining behavior and 39 reveals a surprising phenomenon called the bystander effect. However, the fourth study is seen as another famous and surprising milestone in our understanding of the extremes people may resort to in powerful situations seen in Milgram’s study of blind obedience to authority. Nonetheless, startingRead MoreObedience, Disobedience And College1060 Words   |  5 PagesAdrian Nathaniel Soriano Prof. Saleem English 101A September 16, 2015 Obedience or Disobedience in College For a lot of people, especially those who have recently graduated from high school, college is completely different from the 4 whole years of high school. For many, it is a new chapter of life. Everything is different, from the experience itself, the environment, how students are treated in class, even punishments for breaking the rules is different in a way. Perhaps the most obvious differenceRead MoreConformity And Normative Social Psychology1538 Words   |  7 PagesSocial Psychology has always been a key element in our understanding of human behaviour. Conformity plays a big part in the history of social psychology; conformity (also known as Majority Influence) is a type of social influence that involves a person changing their thoughts and beliefs in order to fit into a group. An example of this is during WW2, in which Hitler used his dominating opinions and authority to influence the Nazis and obscure their views, which lead them to conform to the horrendousRead MoreMust Be O beyed ( P. 2801256 Words   |  6 Pagesplace under the dictatorship of Stalin? He was charismatic, promised the people that he could propel them forward to greatness, and exterminated anyone who stood in his way. Could it be possible that such a relationship between leadership, conformity, obedience, and social power could exist in a culture outside of the one that Stalin was a dictator of and would the people support it? The short answer is, yes. Even within the United States similar patterns happen among its leaders. As a reminderRead MoreHow Far Would Someone Go For Obey An Authority Figure?856 Words   |  4 PagesHow far would someone go to obey an authority figure? On too many occasions in our history, people have gone to great lengths to simply obey someone who shows some sort of power over us. A specific example in world history was the millions of people that were killed by the Nazis in Germany. The real question is, what made people obey Hitler? Germany was in a bad state after the depression and for some, Hitler provided stability. Many just wanted someone to give them direction. What is really scary

Bladerunner Frankenstien Free Essays

Inability to control/Knowledge: The aspect of man’s inability to control his creation is influenced by his quest for greater knowledge. In Shelley’s Frankenstein, biblical references and archaic language are used to heighten the severity of transcendental undertones; â€Å"thou hast made me more powerful than thyself†¦I will be mild and docile to my natural lord and king. † This alludes to Victor as the divine creator and questions his motives in his attempt to conceive life. We will write a custom essay sample on Bladerunner Frankenstien or any similar topic only for you Order Now Victor has lost power over his creation, which contradicts Christian dictum. This implies the unquestionable, all-knowing Creator should be superior to his creation.This is Victor’s failure, as he loses dominance over the Monster, suggesting the prophetic destruction of mankind. This is exemplified by the Monster’s command, â€Å"You are my creator, but I am your master- obey! † A similar notion can be seen in Scott’s ‘Blade Runner’ with the chess match between Tyrell and Sebastian. While Tyrell utilises the black pieces, the Replicants, Roy and Sebastian, are represented by the white. This is symbolic of the fight of good- against- evil while the recreation of a game during the nineteenth-century sees the Replicants surpass the humans.The loss of control from the maker in this chess game is a metaphor for life and is accentuated by a close-up shot of Tyrell with the chess pieces in the foreground, exposing his vulnerability at the hands of the Replicants. This also raises the ethical quandary of man playing God, and Ridley Scott questions man’s over-ambitious nature and arrogance to the consequences. Tyrell’s separation from his ‘off-spring’ is criticised by Roy, â€Å"It’s not an easy th ing to meet your maker†, heightened by an over-the-shoulder camera shot to further separate the â€Å"prodigal son† from his patriarch.The love from the father figure is the aspect that Roy and the Monster crave for; instead they are rejected by their makers. This is a catalyst for the destruction they cause, highlighting the creator’s irresponsibility in the quest for greater knowledge and scientific discovery. The quest for knowledge is underpinned by thoughts and experiences that determine one’s attitude to progress. A facet that highlights this is Tabula Rasa, in that an individual’s knowledge comes from experience and perception. In Frankenstein, the quality of nature and experience appeals to he five senses the Monster has yet to experience. Consequently, he struggles to understand his existence and the responder can feel the rawness of his being; â€Å"I felt light, and hunger, and thirst, and darkness†¦various scents saluted me. † The alliteration of ‘scents saluted’ and the repetition of ‘and’ heightens the profound discovery of the Monster’s human qualities. The senses underline the notion that he started his life without pre-determined mental content, indicating that experience is the key to his existence. This point is highlighted by Victor; â€Å"whose existence depended on the life of the creator† whereby he confirms the Monster’s need for consummation with a â€Å"creature of another sex, but as hideous as myself. † Linking statement- This is furthered in ‘Blade Runner’ with the off-world colony; â€Å"the chance to begin again in a golden land of opportunity and adventure. † This raises the fact that the humans have annihilated all hope of coexistence on Earth and so society must reform to exist. In converse fashion, Pris communicates what her existence is a result of; â€Å"I think Sebastian, therefore I am†.The use of Descartes quotation underpins the essence of existence; to seek the knowledge of their expiry date. This requires the ability to think and express emotions as a means of carving experiences. Ridley uses a close-up shot of Pris and Roy huddled together and to the side of the screen to highlight not only their vulnerabi lity, but their unity as a couple. The deference between the skin tones of Pris in the white makeup and Roy cast in the shadow proves that, although they are replicas of human beings, they are corporal beings capable of human instincts, thought and emotions; â€Å"We’re not computers Sebastian, we’re physical†.Religion: This notion can be furthered by analysing the allegorical relationship of the texts with Christianity. The scene with Roy and Sebastian in the elevator represents the ascent to heaven to face God; embodied by Tyrell. He is portrayed as a false god; a god of science, whereby this aspect defies the boundaries of moral Christian beliefs and so he is a deity in his own right. The strobe in the elevator as Roy is descending is chaotic, raising the aspect of his fall from heaven now that he has committed the ultimate sin.Zhora’s gunshot wounds are on both shoulder blades, a close up shot of her back associating her with a fallen angel whose wings have been cut off. It is only whe n Roy weeps over Pris that we see the emotional output that makes the responder pity him. This is later emphasised by Roy shoving the nail through his palm, a symbol of the sacrifice he made for losing Pris and rescuing Deckard; exemplified by an extreme close-up of his hand as he lifts him to safety. His final act is dying, releasing the dove into the sky and representing his soul ascending to the heavens.Scott reinforces religion in the film as its absence since the Enlightenment has left the world a hellish landscape with mass production and consumption. The influence of religion is similarly present in Frankenstein, however it is more of a rebellious nature against the ideals of Christianity, as the move into the Enlightenment Era signalled developments into science and free-thought. The notions of Christianity are still present however, as exemplified in the line; â€Å"Satan†¦fitter emblem of my condition†¦the bitter gall of envy rose within me. The Monster’s referral to himself as Satan is an upheaval from the classical ideals of early Christiani ty as he was able to form his own moral code judging from others, instead of morality being ‘inborn’ into him. He is a victim of post-Enlightenment pessimism as the cruel rejection by his natural fellows drives him to fury and revenge; â€Å"as recompense†¦I writhed under miserable pain. † The responder can attribute the cause of his malevolence to the creator; Frankenstein. He is represented by Adam who is ultimately banished from the Garden of Eden for sinning in the Old Testament.His sons, Cain and Abel, embody the split nature of the Monster. Like Cain he is shunned and cast off by humanity and like Abel he is the victim of desire; separation from God and the dangerous pursuit of knowledge. Nature vs. Science: 1- The concept of the sublime is present in terms of nature and the mechanics of recreating the human physiology. In Frankenstein, the Monster’s hideous being is juxtaposed against the magnificence of the wilderness; â€Å"Skirted by a deep and rapid river†¦trees bent their branches, now budding with the fresh spring. The assonance of the ‘s’ sound highlights the Monster’s profound connection with the location, emphasised by the alliteration of ‘rapid river’. This love for nature is crucial for the Monster in developing awareness of his surroundings and interpreting the extent of his physical being; â€Å"forgetting my solitude and deformity, dared to be happy. † Likewise, the camera zoom into the Tyrell Corporation building in ‘Blade Runner’ underlines the transcendent and magnificent nature of the pyramid, yet it ironically lacks in all natural qualities.The impressive spot lights on top symbolise the divine aspect of the building with the light reaching down from the heavens. The viewer’s eye is drawn to it by the vectors of using the line of lifts n the centre. 2- An aspect that resounds through both compositions is mankind’s inability to see the consequences of his actions. In Frankenstein, there is the recurring motif of the eyeballs; â€Å"my eyeballs were starting from their sockets† which exposes his dilemma: the more he immersed himself in his study, the less he could see the consequences. This is revealed when he reflects on the destruction he caused to himself, his friends and family; â€Å"my eyes were insensible to the charms of nature. † Correspondingly, an allusion to the Eye of Providence in ‘Blade Runner’ can be interpreted as an ironic metaphor for the blindness of mankind. An extreme close-up of an eye in the opening scene reflects the city-scape; the lights of high-rise and the flames of industry. This gives an insight into the way of the contextual issues of that society; immense population, corruption and the influence of mass globalization.The latter can be seen with the giant Coca-Cola and TDK signs representing the influence of corporatisation and its effect on global consumerism. An additional fact to be taken from it is the sense of the omniscient eye, an effect created to enhance the dystopian, Orwellian notion of Big Brother and its effect on the populace. The dystopian outlook is further enhanced in relation to eyes, with Wu and the eye shop and Tyrell’s owl’s eyes. Roy murdering Tyrell through the eyes is symbolic of the vengeance the created unleashes unto his maker. How to cite Bladerunner Frankenstien, Papers

Internal Information Systems Audit Quality â€Myassignmenthelp.Com

Question: Discuss About The Internal Information Systems Audit Quality? Answer: Introduction The ABC Learning was established in the year 1988 and the company had a dominating position with thirty outlets at the end of the year 2000. The company was obliged with its listing in the year 2001 and this caused it expand its dominating structure by setting up over 650 centers distributed over United Kingdom, Australia, and the United Kingdom. Such a dominating company did collapse dreadfully whose credit can be given to the high expectations of the management and the failure of the auditor to show them the reality. 2007 was the year of the emergence of an emergency debt which had to settle on with the bankers which were also a leading cause of the dreadful collapse. This type of negotiation failure had resulted in non-payment of some of the long-term liabilities. These liabilities took serious figures and started affecting the cash flows in a way so as to decrease its value. All this also resulted in the decrease in the share price of the company. All this can be collectively sum marized as a bunch of flaws that were prominent on the part of the management and the auditors which played the key role in the collapse (CPA, 2012). Despite inviting the best in a class auditing firm, these flaws were prominent and repeated excessively. If the auditing firm had taken correct and potentially strong steps to handle the above situations, the company would have been saved from the collapse could have been prevented. But the unethical means of the auditors started to fetch the company some small profit gains which absolutely hid the unauthorized steps of the auditors. It was not at all clear that what procedure did the company followed to lure such expansion so fast though being a childcare division (Kruger, 2015). The steps followed by them could be an example for the companies in the same field to dominate the market and to enhance ones business. The important issue to be considered while preparing the financial statements It was seen that the auditors of the ABC always made ill-equipped decisions from the date they came into action in 2003 for the companys audit. Any profits gathered by the company before the year 2007 were strictly analyzed and taken into serious attention by the audit firm of Ernest Young in the year 2007. It was also seen that the KPMG Company stood up along with the ABC learning as a third party for the settlement of the demarcations. Both the dominating auditing firms worked in away so as to detect the flaws of the management. Both the companies worked as an audit company for the ABC Learning and represented different conclusions and decisions which was a clear-cut symbol of the ill-equipped judgment of the auditors which lead to the collapse of the company (CPA, 2012). Thus, despite having such auditing giants involved in the companys affairs, the company fell down dreadfully in a way unrecoverable. Major instructions coming into movements The transactions going on within the parties are depicted in the financial statements that were not done and this was also a major reason for the collapse of the company. All this was done so as to as to represent a clear and respected picture of the company which would hide its financial conditions and would help in the borrowing of funds from other sources without hindrance (Matthew, 2015). Finally, all this led to the reduction in the securities of the company which opened the manipulative gate of the depiction of the general transactions of the company to be shown as the sale of the securities which are legally registered in nature (Geoffrey et. al, 2016). It was also seen that the auditors took a different way and helped the management in hiding the factors that would degrade their respect in the market. Sales Proceed of the Investment Securities was the manipulated term which was given to the borrowings of the company and this is the reason why it was never recorded in the book of accounts. Such procedures were followed so as to eliminate liabilities which are weak in nature (Ghandar Tsahuridu, 2013). The cleverness of the company was on the part to earn more and more profits and as fast as possible to eliminate the loopholes that were prominent in the company (Gilbert et. al, 2005). The company also paid a massive amount of $74 million to the other third-party companies which were involved in the operations of the companys affairs. It was also a trial from the company to sponsor the Brisbane Bullets Basketball Team. All these transactions didnt hold any place in the major affairs of the company but in actual reality, these were also playing a crucial role in the collapse of the company. It was as per the records of the company. All this was due to the unethical means followed by the management and the team of the auditors. Non-handling of the related party transaction with care surely led to a situation of disrespect in the market which also led to its collapse (Teen, 2012). It was thought by the investors and the general public that the means followed by the management was done so as to benefit them individually. But the actual case depicts that the inconvenient use of the corporate governance mechanism and the steps undertaken by the audit team led to this dis integration. In short, he concept of corporate governance was altogether neglected and the innocent investors were duped by the management of the company. The above situation explains that the financial conditions and other facts were not exposed in the financial statements and the sheet contained data in a limited amount which the company wanted to depict (Mock, et. al, 2013). Thus, it can be said that if the auditors were strict enough to follow the ethical laws of auditing and would have warned the company then the collapse could have been prevented. Even the presence of big two giants in the field of auditing failed to prevent the collapse of ABC learning. Concealment of facts was done in order to present the company as a profit-making one. It can also be thought that if the auditors commented on the risks prevailing in the company than with the help of the management, the collapse could have been prevented or would have been delayed to some extent. (Tepalagul Lin, 2015) ASA 707 that relates to the communication of major audit concerns in the independent audit report It is a very important set of rules set up for increasing the clarity and the potential of the annual financial reporting which was released in the year December 15. The most important work of the this set of rules is to track and record all the crucial affairs of the company and to see that it is as per the ethical and legal rules which have been set up and if any emergency occurs then without wasting any time report it to the chief auditors and to the headquarters. This set of rules is very much important and acts as a boon to the users of financial statements which rely on these statements to decide their investments (Heeler, 2009). This helps the shareholders to check the financial position and the internal conditions of the company so as to save them from the losses that would occur because of the misstatements of the concealed facts and figures. This is a very effective way to offer clarity to the financial statements. But in the case of ABC Learning, it was evident that many o f the facts and figures were hidden which could have prevented y the auditors of the company (Ruhnke Schmidt, 2014). If in the case of the ABC Learning the ASA rules would have existed then the auditors would have been bound to follow all the ethical rules and there would have been zero concealments of the facts about the financial position and the internal affairs of the company which totally led to its dreadful collapse. Auditing matter that swamps the disintegration of ABC Learning If the ASA 707 would have been taken into attention as in the case of the ABC Learning then many concealed facts and figures about the company could have been exposed to the public, which would not only depict the financial position of the company but also its survival in the future. It should be now clear that the absence of the ASA 707 way a dominating factor in the collapse of the ABC Learning which could have been prevented. Flaws of the management, unethical means of the regulatory system in that sensitive span of time led to the major collapse of the ABC Learning. All this acts as a boon to the users of the financial statements of the company in a better way. Hiding of misstated leverage ratio of the firm The departments and the individuals that have been responsible for the collapse of the ABC Learning can be the crucial one in depicting points that have led to the total dreadful collapse of the company. It is clear from the above explanation that if the ASA 701 existed and was applied successfully in the companys auditing then the company could have been saved because it would bound the auditors to drop all unethical means and carry on the works genuinely (Coram et. al, 2011). The loss of respect for the auditing firm could have also been prevented. Failure to disclose the evidence Going through the ACCC interpretation, it is noticeable that the ABC downfall was not due to cut-throat competition instead the collapse had occurred due to financial blunders such as large acquisitions and high debt. The main reason behind the downfall was due to inefficiency in the system displayed by the management. The company was subject to provide true information about sales proceeds with their transactions in a manner that can comply with the provisions in the law for the transfers. Owing to large borrowings and transactions the company comes across its failure (Hoffelder, 2012). Therefore, the fall of the entity can be associated due to the flaws that the financial information projected. In addition to that, the financial institutions also stopped leading to the entity for short-term borrowings against securities as collateral. This culminated in the failure to respond to the business obligations on part of ABC work culture and all these situations take place after the exist ence of massive debt and liabilities in the financial framework of the entity resulting in big complications in operating the business to the situation and ultimately the entity disintegrated at the end (Teen, 2012). The financial framework rested on a very weak ground and the same was ignored by the auditing firms that lead to the major issue. Non-disclosure of wrong transactions in notes to the financial statement and audit report The company on its part indulged in inappropriate transactions which are obligatory to be mentioned in the financial statement and audit report. Instead, the management has made arrangements to hide the same because it would be sensitive due to huge borrowings and other constraints (Messier, 2013). Apart from this, the unaltered leverage ratio would also bring to light in the eyes of the investors in the firm if they had not camouflaged the same. The auditors played a vital role in concealing the information in improper transactions done by the firm that would have caused major influence, ultimately decided to conceal the same in the audit report (Holland Lane, 2012). Approval of transactions in order to influence the financials The management had taken many compromises without concerning the auditors as the financials of the company were based on sticky grounds, leaving no scope for the auditors to identify the irregularities and continued with the same informations whereas many transactions were provided as investments in the financial report. It was the fundamental duty of the auditor to cautioned the management of the company about the same and the consequences that would arise out of this (Carcello, 2012). Moreover, the management of the company aspired to characterize its equities as collateral instead of fixed income securities so as to smoothly carry out related party transactions. Classification of inappropriate resources In the company, the bulk of short-term transactions were improper and accounting was not in accordance with the provisions. Moreover, the securities were interpreted as collateral and were later removed from the records (Jubb, 2012). To add to this, the company also undertaken the exercise to reduce its liabilities to reflect the image that the securities are being provided to the parties as compensation resulting in a decline in the leveraged portfolio. All the debt accomplished by the entity was also supposed to be reflected in the financial statement of the company until they are repaid (Christensen, 2011). Nonetheless, the transactions were illustrated as sales so that the securities sold could be deducted from the assets and there could be no liabilities reflected in the financial statements. Faulty transaction in the financial statements and approval provided The management and the auditors in the company were shrewdly illustrated the significant securities transactions as nominal alterations in the financial statements. The company also restores to emphasize that the repurchase of the securities was done at a nominal cost and the same was camouflaged under large-scale derivatives. Further, the management and the auditors of the company restored to reflect those transactions in the notes attached to the financial statement (Blay et. al, 2011). To sum up, the auditors are morally responsible to point out all irregularities done by the company to carry out the business and disclose the same in their audit report. Recommendation When it comes to the transparency of the company in terms of financial reporting, it is important that both the internal, as well as a statutory auditor should have a strong presence of mind and ensure that all the activities are directed in the correct direction. Hence, the auditors must act in the best interest of the company because it enhances the functioning of the company. Further, the auditors should ensure that the auditing process must be strong so that any misstatement can be easily reflected and the stakeholder interest can be safeguarded (Bedard et. al, 2014). Moreover, the auditor must ensure a compliance with the relevant accounting standard and this aid in presenting a better picture of the company. There must be strict control and supervision of the ethical system that will lay a foundation of strong governance and presentation. Conclusion To attain the best practices and to ensure better compliance it is essential that the organization must follow the accounting policies that have been laid down. The reporting and compliance should be done considering the impact of each and every financial procedure. It needs to be noted that the failure to adhere to the regulations will have a negative impact on the organization. The facts and figures of ABC learning is an apt example of the collective failure. 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