The last supper by Leonardo Da Vinci Essay Example | Topics and Well Written Essays - 1500 words

The last dinner by Leonardo Da Vinci - Essay Example The most recognizable part of Florence was that it was a self administered and above all an autonomous city. (Renaissance) The city developed significantly on account of its solid financial foundation to coordinate this, the city additionally bragged a solid political way of thinking, these elements contributed in the tremendous accomplishment of Florence during the time of the Renaissance. The economy of Florence was focused on the assembling of merchandise or exchange of material so definitely implied that the most influential individuals in the city must be the individuals who spoke to the material specialists. Laborers in Florence were specialists when it came to changing fleece into material of a magnificent quality; they small very much familiar with the approaches to do likewise. The procedure was a very entangled one which included kicking the bucket of fleece, cleaning the fleece and a large group of different procedures. The Palazzo Vecchio was built in the year 1299. This was additionally the home of the Florentine societies. This depicts the Florentine culture that was the home of numerous Italians. This was where persuasive individuals would accumulate and choose complex issues like democratic and other significant things. The society individuals were all from acceptable foundations, the foundation of the individuals was the most significant factor that decided if they were sufficient to become organization individuals or not. Some organization individuals were legal counselors, stone workers while different individuals included specialists, artisans and developers. Florence was a totally different city; it was not normal for Venice or so far as that is concerned some other city during the hour of Renaissance. Ocean exchange didn't prosper in Florence as much as it did in Venice on the grounds that the individuals of Florence had numerous different interests which brought them substantially more than Sea exchange, this was essentially the motivation behind why Sea exchange never thrived in Florence. Banking was one of the most well-known callings during the hour of Renaissance; numerous families tasted achievement being financiers in Florence. The gold coin Manufactured in Florence was a trademark of virtue and was acknowledged the world over by individuals. The structures and the model are extremely renowned and viewed by numerous individuals all over the globe, a portion of the structures worked around then despite everything stand, his goes to show the torment and the endeavors which were out in by the individuals around then. Renaissance was a progressive period which saw enormous changes occur in Europe. Renaissance is a French word which implies resurrection; numerous a thing changed during the time of renaissance for example the Political changes in Europe, social changes which occurred during that time and so forth. This paper will illuminate Gr'newald's Isenheim Altarpiece. Gr'newald was an extremely productive craftsman of the Renaissance time frame; he was mostly engaged with making strict artistic creations. This paper will give a knowledge on his artful culmination which is known as the Altarpiece which is currently situated in France. Notwithstanding this the paper will likewise illuminate two different artful culminations. (Gr'newald's Isenheim Altarpiece) Mathis was one of the most popular painters of the Renaissance time frame. He was not notable until the late nineteenth century which carried him to the spotlight. The insights regarding this extraordinary craftsman are as yet dark, for the notoriety that he had in those days, individuals expect a great deal of data about him yet the truth of the matter is that even his genuine name isn't known by the individuals. The name

Should High School Students Have to Complete Community Service Hours to Graduate free essay sample

These days, numerous individuals need to learn the same number of aptitudes as they can, with the goal that they can land the positions that they are keen on. The administration expects understudies to perform least of 40 hours network administration to move on from HYPERLINK http://en. wikipedia. organization/wiki/High_school o High school secondary school. Numerous secondary school understudies don't have the foggiest idea how to have well correspondence and association abilities, so I believe that understudies need to finish network administration hours to graduate, with the goal that they will become capable individuals from our general public later on. Network administration assignments can instruct understudies to be on schedule for an assistance they are accommodating. The spot that they are doing the administration at might have the option to show them a thing or two so they can utilize it later on as encounters they have gotten at work. You ought to do the administrations from your heart and don't surrender without any problem. We will compose a custom article test on Should High School Students Have to Complete Community Service Hours to Graduate? or then again any comparable point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Additionally, despite the fact that network administrations are helping individuals, and increase a comprehension about one another and a feeling of human sympathy. Understudies are given obligation from their humanitarian effort and can be considered issues and circumstances that are occurring in reality. Additionally, people group administrations can help for your future. A few understudies may even be keen on a vocation through carrying out the responsibilities. A couple of months prior, my companions and I went to do the volunteer that helped the battle group to solicit. During the battle, we needed to convey flyers and sort various flyers into envelopes. We urged them to join the battle and expectation that they can decide in favor of our group, Progressive Conservative. While in the soliciting, we needed to speak with individuals. It shows magnificent association, correspondence and great solidarity. Individuals can utilize past encounters later on as they have gotten at work. Subsequently, there are numerous information can be gained from doing the network administrations. While you are doing the network administrations, you may know various types of individuals that amplify the interpersonal organization and that may help you later on. It might be simpler for you to accomplish your objectives. Additionally, your companions can acquaint you with a portion of the organizations, so they can assist you with finding the activity that are you keen on. Furthermore, they may likewise assist you with getting more data of your vocation. With the goal that you will have more chances to land the position. In this way, network administrations can assist you with knowing more companions and a few dangers for what's to come. To finish up, relational abilities are the most significant aptitudes that can help you by and large. Network administrations can show understudies duty. It can help you for your future and you can meet various individuals. In this manner, secondary school understudies ought to need to finish network administration hours to graduate.

Top Career Advice from Former Presidents

Top Career Advice from Former Presidents Have an inclination that you need a touch of vocation motivation? To pay tribute to the forthcoming President’s Day, you may appreciate these goodies from previous legislators, extraordinary and†¦ less incredible. Their recommendation, in any case, is consistently impressive. So emulate their example and accomplish your fantasies. Keep in mind, a portion of these folks got the chance to be the pioneer of the free world. â€Å"It is smarter to offer no reason than a terrible one.†This goody was offered by our first president, George Washington, to his niece in 1791. The accentuation here is on trustworthiness and uprightness. The takeaway: don’t be one of those individuals continually rationalizing yourself. Possibly make them if they’re great and truly can sincerely get you free. Something else, keep your mouth shut and promise to improve next time.â€Å"Better to stay quiet and be thoroughly considered a nitwit than to talk and evacuate all doubt.â € This piece is comparable, however from Lincoln. Furthermore, about what to look like a lot more astute by not hopping into the discussion too rapidly. On the off chance that you don’t know enough of what you’re discussing to astonish or contribute productively, at that point kick back and tune in until you do. You can’t reclaim dumb remarks. Additionally, no one loves the collaborator who goes on and on. Resemble Lincoln and worth quickness, explicitness, smarts.â€Å"If you treat individuals right they will treat you right†¦ 90 percent of the time.†This little pearl originates from Franklin Delano Roosevelt. Remember this when you are organizing. The Golden Rule is called that which is as it should be. In some cases others won’t react in kind, however generally, they will.â€Å"Never put off until tomorrow what you can do today.†This from Thomas Jefferson abandons clarification. We should all improve at following this advice.†Å"Take time to consider; however when the ideal opportunity for activity shows up, quit thinking and go in.†Thanks, for the motivation Andrew Jackson. As it were: might suspect before you act, however in the long run you need to really act. Don’t be reluctant to hop once you’ve thoroughly considered the arrival plan two or three hundred times.â€Å"If you could kick the individual in the jeans answerable for the greater part of your difficulty, you wouldn’t sit for a month.†Teddy Roosevelt there. Keep in mind, you can invest a ton of energy censuring others for your issues, yet you can't neglect to ask yourself what part you had in where you are.â€Å"I not just utilize all the cerebrums that I have, yet everything I can borrow.†Woodrow Wilson. Collaboration is dreamwork, baby.â€Å"If, when you find a new line of work, you don’t trust you can get to the top in it, it’s an inappropriate job.†Reagan said this in 1942. In the first place, love what you do. Second, accept that it’s significant and in the end every other person will as well. What's more, third, don’t accept any open doors that aren’t going to allow you to take off (with difficult work obviously) directly to the top. Don’t set yourself in the mood for anything short of all out success.â€Å"To those of you [students] who got respects, grants and qualifications, I state very much done. Also, to the C understudies, I state you, as well, can be President of the United States†George W. Shrubbery realizes that a little hustle and utilizing what associations you have can prompt radiant outcomes. Simply hold your nose down and buckle down. A little visually impaired confidence in yourself can’t hurt either.â€Å"Worry less about what you need to be and progressively about what you need to do.†And from 44, Barack Obama, isâ this jewel. Now and then it isn’t about being celebrated or sign ificant, it’s about picking something that you have confidence in and committing your profession and life to that cause. Make it greater than yourself and you may very well wind up doing significant things.

Comparison Between Buddhism And Hinduism Coursework - 825 Words

Comparison Between Buddhism And Hinduism Coursework (Coursework Sample) Content: NameProfessorCourseDateBuddhism and HinduismBuddhism and Hinduism are the two most dominant religions in India, where they trace back their origin. The two religions are similar in certain aspects and different in other aspects. The paper discusses these similarities and differences below.Traditional Beliefs about GodTheir beliefs in God are different. In Buddhism, individuals do not believe in a Creator God. Instead, the believers follow the teachings of the Buddha. The Buddhists do not have specific days of worship but pay obeisance to the Dharma, the Sangha and the Buddha. On the other hand, the Hindus believe in various gods. The Hindus believe that the all these gods trace their origin from Atman. The followers of Hinduism religion follow the teachings of Dharma Shastras (Coomaraswamy 101). In the Hinduism tradition, the believers have a set time of worship that are the three prayer times; at dawn, midday, and in the evening.The sacred textsThe sacred scripture o f Buddhism religion is the Tripitaka. The Tripitaka scripture has three parts i.e. the discourses, the Discipline as well as the Absolute Doctrine. The scripture is full of various works of Buddha. It is the monks who collected the works to form the Tripitaka after the death of Buddha. In Hinduism, the sacred scriptures include; Upanishad, Puranas, Vedas, Sruti, Smrti and Gita. There is no single dominant scripture since there are many gods in Hinduism. The Vedas is a sacred text to both the Gautama Buddha and the Hindus. However, there has been criticism over the Vedas text citing that the Brahmins corrupted the text.Teachings about humanityThe two religions hold the view that human life is almost endless. Hinduism holds that the soul is everlasting and is rejuvenated more-or-less intact in the cycle from birth to birth. The life cycle continues in Hinduism until the believer attains enlightenment. Buddhism, on the other hand, does not believe humans have souls but instead possess feelings, perceptions, feelings and senses (Fisher 113). In Buddhism, a believer will be reborn into any of the thirty-one planes of existence very time and again until the believer attains Nirvana.Definition of universal human problemThe two religions put an emphasis on the effects of Karma to be the cause of universal human problems. Buddhism expounds on Karma this force as the cornerstone of the religious doctrines. Human beings are facing challenges today because of their bad deeds in the past. In Hinduism,Solving the universal human problemsIn Buddhism, the only way to solve universal human problems is when human beings start to lead a life that strives after things that give them everlasting happiness. In Buddhism the suffering do not just end by doing but one must be attached to the deed. In Hinduism, the only way to stop the human problem is by getting reborn (Coomaraswamy 288). The rebirth means rejuvenation of the souls of the people so that their sufferings can end.Do th ey properly define/solve the problem?I dont think the two religions define human problems well. Human beings suffer for different reasons, some may be natural while others are artificially propagated. In other words, some human beings find themselves suffering because of where they were born while others are suffering as a result of their deeds. The two traditions are, therefore, wrong to say that people are suffering because of their past deed. Someone, for example, may be born in a poverty-stricken family, and this does not mean that it is because of his/her past wrong deeds. Also, it is not possible to have a single solution to all human problems because of the divergent nature of human problems. There are those problems that an individual can solve on his/her own, and there are those problems that an individual may require the help of a superior being.Similarities between the traditions * Both traditions use statues and pictures in their places of worship. ...

Foundational Components of Traditional Rhetoric - 1919 Words

As stated by Herrick, the beginning of the twentieth century looked bleak for rhetorical theory. During this time, logical positivism (i.e. the idea that scientific thinking would be able to solve all issues) had become rampant and became this sort of ideology (irrational or unexamined system of thinking) which led to rhetoric being deemed less important and inferior to the scientific method; however, as the twentieth century continued, science began to lose its hold by failing to provide solutions to social problems (i.e. racisim, politics, etc.). A new approach was needed to solve contemporary moral problems and provide justice. While beginning their search for this new solution, many people turned towards the foundational components of traditional rhetoric (189). Even so, scientists began to realize that the discourse of such a discipline was not only scientific in nature, but that it also relied on strategy and argumentation—thus being a form of rhetoric. As Herrick stated , â€Å"The theory that â€Å"won out† over competing theories in scientific debates was often the theory that presented itself in the most persuasive manner, not the one supported by the greatest weight of evidence† (190). As this continued, the revival of rhetoric began and more people—not only social theorists—started to discover that rhetorical theory could be of use to them. For example, one could look at the German philosopher Jurgen Habermas. The events of World War II had changed Habermas and made himShow MoreRelatedWomen s Rights Of Women Essay1455 Words   |  6 Pagesfemale, and rape against women is considered a war prize or punishment. She insists that the female counterpart is necessary in developing the world: if the woman flourishes, then so will her family, and a result the nation will do well (American Rhetoric). Women are not only essential to mankind itself, but also to the family - the basic unit of society. However, women are not gi ven access to education, health care, jobs and credit, let alone a chance to cherish basic legal, human rights and haveRead MoreDiscourse on Method Essay example3627 Words   |  15 PagesDiscourse on Method Heuresis (or invention) comprises, as Richard Lanham notes, the first of the five traditional parts of rhetorical theory, concerned with the finding and elaboration of arguments (1991: 91). In Aristotles Rhetoric the category of heuresis included the kinds of proof available to the rhetorician, lists of valid and invalid topoi, as well as the various commonplaces the rhetorician might touch upon - loci or stereotypical themes and observations (time flies) appropriateRead MoreAssumptions in Quantitative Research2346 Words   |  10 Pagesthe choice of the role and relationship. 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Exploring The Perspectives Of Outside Governments - 894 Words

Lincoln likewise needed to consider the perspectives of outside governments. At first the British and French government chose to keep out of the contention. In 1861 Britain pronounced her impartiality against challenges from the United States, different governments soon took after. Lincoln stressed the outside governments would in the long run perceive the Confederacy States. Lincoln knew whether he bolstered the liberation that it would be troublesome for the British to bolster the Confederacy. On September 22, 1862 the President reported the Liberation Proclamation. Basically Murder The financial conditions declined with every day the Civil War proceeded. The south s offer of cotton was diminishing with every day that passes. The British had developed an overflow of cotton before the war started. Egypt and India were quick to fill the void of the south s cotton. Southerners were unlawfully offering their cotton to Northerners. The monetary conditions were so terrible for both sides that there was unlawful exchanging going on day by day between the north and south. With families officially battling, Jefferson Davis arrangement to force a salary duty and obliging agriculturists to turn more than ten present of their products to the confederate did not go over well. Expansion soar in the south. One bar of cleanser took a noteworthy piece of a fastens regularly scheduled pay, cotton rose to six times the pre-war level. Espresso, tobacco, bread and other sustenanceShow MoreRelated Exploring Chance In Pushkins the Queen of Spades Essay1466 Words   |  6 PagesExploring Chance In Pushkins the Queen of Spades It is said in The Bible that God has given Man free will. Unfortunately for Man, The Bible does not entail exactly what free will is. Some speculate that there is a force called Chance. These people believe that through a serious of coincidence, luck, and their own choices, they can control their future. 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Auditing and Assurance Organizations and Society

Question: Discuss about the Auditing and Assurance for Organizations and Society. Answer: Introduction: The Lehman bank was the fourth largest bank in the US and the business was suffering from the financial risks. During the first decade of its operation, cotton was traded by the company and eventually it took up the banking and became the investment bank. Mergers, acquisition, underwriting of the securities and issuing of the securities were mainly the financial services provided by the investment banks. Such investments bank were being prone to risks and they were inherent risks and the failure of Lehman brothers to manage such risks forced it into bankruptcy. The failure of Lehman brothers was not only attributed to the banking but it was also due to the human failure incorporated in its corporate governance. The economies and the financial market was devastated due to the failure of investments bank. The bank made changes to its investment strategy in order to compete in the extremely competitivemarket of the investment banking. The bank focused on long term investment. The bank h eavily issued mortgages and subprime loans. The Lehman brothers invested all the proceeds from the borrowing in the mortgage market when the housing market was booming. The mortgage market was over concentrated which made the bank vulnerable and there was a downfall in the price of housing (Fernando et al.2012). How auditors were liable in the Lehman collapse: The investors of the company were misled and the directors of the company were mainly responsible for it. The auditors of the Lehman brothers concluded that the financial statements does not suffer from any flaws and is appropriate. The company employed the fraud for reporting the financial statements and this was done to intentionally conceal the fundamental weakness of the investment bank (Mishkin and White 2014). The auditors of the company did not detect such defect and it was under appreciated for over a substantial period of time. The bank in order to obtain the short term loan by using its own securities as collateral made use of repo which is the financial tools used by all the financial institutions. The repurchase agreements were regarded as the secured borrowings and it was thought that the accounting of these repo was done as per the US accounting standards. The Lehman brothers were able to convince the auditors that the overcollaterizing the repurchase agreement would br ing the economic benefits to the company. The acceptance of the auditors regarding the loans overcollaterizations to the sales was mainly responsible for the collapse of the company (De Haas and Van Horen 2012). The case of Lehman brothers are greatly related and linked with the global financial crisis as it leads to the drastic downfall of the global economy. The cost of the collapse was huge and the global economy was significantly impacted. The global finance meltdown was triggered by the collapse of the Lehman brothers. It collapse led to the financial crisis and were the cause of great recession form which the world has not recovered fully till now. The emerging markets were greatly affected by the collapse of Lehman brothers. The markets of Europe and US were hit hardly. The banking system of UAE and its liquidity crunch was exacerbated by the shock waves sent by the Lehman in the global financial markets. Kuwait was another Middle East country to be hardly hit by it as the emerging investment companies went insolvent because of the fall in the value of the assets and the drying up of the funding of these companies. The market of debt was broken because the unhedged derivative position were wiped off with the fall of Lehman brothers. The debt holders, equity holders, and the derivative trade that were in counterparties with the Lehman was broken due to its failure. Therefore, the collapse of the Lehman brothers has directly led to the economic crisis (Caplan et al.2012). Auditors role in term of liabilities The auditors are held liable for the civil as well as criminal offences. The auditors role for a company is different from that of firm. The liabilities of the auditors arise on account of the duties for which he is held responsible. The liabilities of the auditors are divided into four parts. This is civic liability, criminal liability, liability of libel, and the liability towards the third parties (Lu and Whidbee 2013). Under the civic liability, the auditors are mainly held liable for the negligence. If the company suffers loss on account of auditors then he has to make good the loss suffered by the company. He cannot be held liable for the loss suffered by the company when there is no negligence on his part. The various act are used to hold the auditors liable under the criminal offences. The income tax act, banking companies act, life insurance act, Indian penal code act. The auditors is held liable only to the employer and he is not held liable to the third parties in general. If the auditor has made any statement without any malice and is bonafide then he would not be held liable for the statement made by him (Iatridis 2012). Use common law cases for auditor liabilities The auditors under the common law can be held liable for negligence, fraud, breach of contract. The limitation of the exposure to the liabilities by the auditors and the application of the law in the profession of audit is depicted by the several cases. It can be explained with the help of following cases: The case of Caparo industries Plc versus Dickman. The company persuaded the firm Touche Ross to purchase the share of the firm called Fidelty Plc. The decision to purchase the shares was based on inappropriate disclosure of the companys account that overvalued it. The auditors of the company fidelity owned potential investors as duty of care. The claim made was not successful. The following conclusion was made by the house of lord that the purpose of accounts was of no reasonable knowledge to the auditors and the shareholders exercise their rights as the accounts were prepared for the existing shareholders. This case provides the guidance for providing the duty of care between the third party and the auditors. The imposition of the liability on the Caparo is reasonable and fair. There is a proximity of relationship between the Caparo and the Fidelity Plc. The case of Royal Bank of Scotland and its auditor Bannerman Johnstone MacLay. The company has lost 13 million to its insolvent client APC Ltd and the loss was in regard to the facilities unpaid over draft. The claim was made by the company that the Bannerman was not able to detect the material misstatement and the fraudulent activities in the APC Ltd account. The company used to receive the audited financial statements every year and on the basis of this the company used to provide the banking facilities. The intention of the RBS to make the lending decision using the audited financial statements of APC ltd, which the auditing firm would be aware of the banking facility of the APC ltd. This was the reason that the duty of care was owed by the RBS. The judgement passed by the court was that significant factor which contributed to the duty of care owed to them was the disclaimer of liability and its absence in regard to the third parties (Ellis et al. 2014). Another case is about the Kripps case. The liability of the auditors regarding the third parties which was an upshot of the decision of the Kripps that the auditors can be held liable for the negligence if the auditors is aware of the specific use of the financial statements which have been audited despite the fact they comply with the national reporting standard in the event of financial reporting. The judgement about this matter is that there is uncertainty in the standard which would be considered appropriate to measure the conduct of the auditors. The case of Columbia Coffee and Tea Pty ltd which was held that the auditors hold liability to the third parties and this is because the auditing firm contain the statement in the audit manual that the third parties can rely on the audited reports to make their decision. The judgment and the outcome of the this case was that in the event of the misstatement of the financial statements, the investors has no right to sue the auditors because the duty of care does not exist between the shareholders and the auditors unless the facts of case comes with the special circumstances. The auditors would not have duty of care even if he is aware of the fact that the investment decisions would be made on the basis of the audited financial statements (Gimbar et al. 2016). Potential liability that auditors face as a result of the global financial crisis: In the event of financial crisis, the mistrust is reflected in the financial system and such event might be regarded as an opportunity to rectify some financial system aspects, that is the drawbacks which has led to such event. The liability of the auditor is to evaluate the use of the internal control system. He has the obligation in conducting the audit work to take the accounts of level. The improper manifestation of the internal control system would not enable the auditor to identify the risk of error and fraud. In order to obtain the reasonable assurance on part of the auditors that the financial statements are free form defects and are significantly accurate, the auditors are held liable to perform and plan the audit. Another liability is related to the adjustments and corrections to be made in the financial statements. The auditors have compliance and direct related liability with the reporting of the accounts even though the audited entity has exclusive responsibility of mana gement over it (Brigham and Ehrhardt 2013). There is no difference between the liability of the auditors in the errors detection and the liability in the detection of fraud as per the auditing standards. There are several aspects regarding which the financial system needs increased transparency. The auditors are held liable for identifying the origin of the risks and assessing the risks as this would assist the auditors in super visioning and improving the regulations governing the financial system. The auditors needs to conduct the auditing procedure in accordance with the professional and legal standards as the report generated form the conduction of the audit is send to the owners of the company. The financial auditors assumes a great responsibility when the audit mission is performed by him in terms of the nature of the services which is rendered and the engagement of the audit (Arel et al.2012). The professional skepticisms needs to be exercised by the auditors in the event of determination of the duration, nature and the procedures of the extent of the audit. This also has to be done in the event of evaluating the audit results and the evidence relating to the audit. The most important liability of the auditor is to confirm that the financial information depicted in the financial statements of the company have been reflected correctly and fairly concerning all the transactions and the material aspects and formulating the opinion on such statements which are in aligned with the above declaration made. The potential liability of the auditors may increase if there is any occurrence of the events that took place after the date of the formulation of the balance sheet (Aydin 2013). The controlling of the quality of the audited work is also the liability of the auditors and the auditing company needs to ensure that whatever is being done that is the auditing work, is done well. When auditing the financial statements, the auditors need to consider the same and is liable to prevent such frauds in the implementation of the control system of the company. The auditor has to make sure that the financial statements are not inaccurate of the error and fraud whe n planning and performing the audit. Recommendation: Different scenario were represented by Lehman brothers in identifying and defining the risks related to their business. The company would have avoided a lot of market risks if it had invested in correlated assets heavily rather than investing only in mortgage assets. The consequence of the collapse of the bank could have been less fatal if the bank would have invested in diversified portfolio rather than concentrating its portfolio. The loss would not have triggered if the company would have sold the troubled assets earlier and the control system had received focus. The collapse was mainly attributable to the corporate governance and the inability of the auditors to detect the ongoing scenario. There are sometimes very complicated functions relating to the functioning of the audit. The auditors. Whenever the auditors are forming the opinion on the complicated matters needs to keep in mind the financial consequences of such advice because the clients and the shareholders make the investment decisions based on such decisions. The company needs to save themselves in the event of global crisis and they need to take the correct strategy in delivering to the masses and taking their way out of the financial crisis. The company needs to have brand strategy so that it is able to prevent the damage caused to the reputation of the brand and at the same time imbibing the steps which would help them in restoring the trusts of the consumers. In order to recover a brand from the global crisis, the company needs to follow a communication strategy which would help in building the image of the brand. The company should build the regain the trust of stakeholders using this strategy. Conclusion: The discussion is about the collapse of the investment banking company Lehman brothers and the collapse was mainly attributed to the failure of the corporate governance and the incapability of the auditors in detecting the wrong doing business and forming the false opinion on the basis of which the investors invested in the company. The collapse of Lehman brother had impact on macro and micro level and the company invested their money in complicated investment which needs to be understand as it led to the devastating impact on the financial system and the economy worldwide. The auditors should make it very clear to the clients that their advice is subject to some limitations and if the client is considering it in depth then it would lead him to revise the advice. The auditors need to ensure that the statement issued by the client would bear the name of the auditors only if they have received their consent. This is because most of the third parties base their investment decisions based on the statements issued by the client which relies on the auditors report which they think is financially sounds and well conducted. The auditors need to reduce their exposure to the litigation as this is costing the audit professions heavily. The case also discusses the liability of the auditors in the vent of global crisis and whether they should be held responsible for the downfall of the company. However, it cannot be concluded that the auditors are solely responsible when the company does not conduct its business activities in the true and fair terms. Reference: Arel, B., Jennings, M.M., Pany, K. and Reckers, P.M., 2012. Auditor liability: A comparison of judge and juror verdicts.Journal of Accounting and Public Policy,31(5), pp.516-532. Aydin, A.D., 2013. 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