The audit of not-for-profit organization-AuditingAssigment Essay

The audit of not-for-profit organization-AuditingAssigment - Essay Example 62). It involves high level of testing and application of audit procedures which results in high level of assurance, providing reasonable assurance on financial statements that financial statements are true and fair in all material aspects. However Assurance Engagement is expensive, so companies which are exempt from statuary audit may go for a Review Engagement. â€Å"The objective of a review engagement is to enable an auditor to state whether, on the basis of procedures which do not provide all the evidence that would required in an Assurance Engagement, anything has come to the auditor’s attention that causes the auditor to believe that the financial statements are not prepared, in all material respect, in accordance with an identified financial reporting framework† (Puttick, Van Esch, & Kana 2007 p. 73). As it is less expensive so it involves application of less detailed audit procedures than an Audit and provides moderate level of assurance which is expressed in t he form of negative assurance. The review engagement is hence, suitable for small NFPs to ensure the donators and volunteers of their fairness of operations and activities to achieve the goals of the organization. Non-Profit Organizations There are many forms of business organizations and non-profit organizations are one of the sorts which are increasingly gaining attention by authorities. Non-profit organizations include charities, local government bodies like councils and other government funded bodies like housing associations. Broadly speaking, NFP’s include bodies whose aim is to provide some educational, health or other social service with an intention to aid the society rather than generating wealth or profits of the organization (Wood & Powell, 1989). Charity is of the most common forms in not for profit organizations. The major differences between a company and a charity when it comes to auditing involve the presentation criterion which differs for both. Charities ar e normally tax exempt hence auditing changes for the charities. Auditing scope and method changes greatly as charities rely on cash donations and grants for the regular operations of the organization (Becker & Terrano 2007, pp. 1-5). However, larger NFPs and charities must have good internal control system to prove the controls reliable for the audit purposes reducing the overall work requirements for the audit engagement. Objectives of Non-profit Organizations Non profit organizations are either public sector organizations or other organizations whose primary purpose is to benefit the public rather than generating profits, which differentiate them to profit organizations whose main objective, is to maximize share holders’ wealth. Not just they differ from commercial organization; non-profit organizations differ from other non-profit organization for example: Local councils and public services organizations’ objective is to provide local services to a budget based on p ublic money which is likely to be based on value for money. While clubs, associations and unions’ objective would be of furtherance of the aims of club and to provide services to members which may include managing subscriptions paid and

The Kite Runner Directed by Marc Forster Movie Review

The Kite Runner Directed by Marc Forster - Movie Review Example Amir also struggled at the thought that his father blames him for his mother's death during his childbirth. However, he has a kind father in the person of Baba's very close friend, Rahim Khan, who understands him and is more supportive of his interests especially in writing stories. Assef, a notorious cruel, racist, and violent older boy with sadistic tendencies, blames Amir for socializing with a Hazara, which according to him is an inferior race and should not live amongst the rich and the "true people of Afghanistan." He and his friends prepare to attack Amir at one time after the two boys watched their favorite movie, but Hassan bravely stands up to him, threatening to shoot Assef in the eye with a slingshot, and although Assef and his henchmen backed off, but he vowed to take revenge. One successful and triumphant afternoon, Amir wins the local tournament, and finally gained Baba's praise. Hassan goes to run after the last cut kite, a great trophy for Amir and saying "For you, a thousand times over." Unfortunately, that was time Assef and his gang carried out their revenge as well. Amir running to look for Hassan, after realizing it was taking him so long, soon witnessed what Assef and his friends were doing to Hassan. But cowardice took over and so he hid. The afternoon of 1975 changed all their lives forever, consequently the lives of all of Afghanistan as the Russians started to march in to their well loved country. Time passes and Amir and Hassan started totally different chapters of their lives; Hassan and Ali went to live in Hazarajat, while Amir and Baba ended up in California. Until one day, sometime after Baba's death, Amir gets a call in the United States from a familiar voice from the past. Rahim Khan is asking Amir to visit him in Pakistan. This is foreshadowing the fact that Rahim Khan knows all about Hassan, and how he is Amir's brother and how he has always known about the tragic circumstances surrounding Hassan, being raped, and what Amir d id in the hopes of getting Hassan and Ali out of his and Baba's lives. Amir finally decided to go. Enigmatically he tells Amir that "there is a way to be good again," and so he goes to rescue Sohrab, Hassan's son, who became a captive of the most notorious pedophile in Afghanistan, who happened to be Assef. After a fight that Amir almost lost if not for Sohrab finally hitting Assef in the eye with the slingshot the way his father could have done many years back, Amir felt, after so many years, that he was finally free of the guilt of the injustice he did to Hassan. He and his wife, Soraya, adopted Sohrab, and in an effort to win his heart, Amir also goes after a cut kite in one kite-flying afternoon back in the United States, and in the end Sohrab only shows a lopsided smile, but Amir accepted it with all his heart as he runs the kite for Sohrab, saying, "For you, a thousand times over." In the story, the study of religion is evident in the course of Amir's life at school. In their school, they had a mullah who taught them about Islam, lecturing them about the virtues of the zakat and the duty of the hadj; the intricacies of performing the five daily namaz prayers, and made them memorize verses from the Koran. The morning prayers were also portrayed in several scenes of the movie.