Fraud Auditing and Different Type of Fraud free essay sample

Over the years, the role of auditors become increasingly important especially in a capitalist economy as the process of wealth creation and political stability depends heavily upon confidence in processes of accountability and how well the expected roles are being fulfilled. An auditor has the responsibility for the prevention, detection and reporting of fraud, other illegal acts and errors is one of the most controversial issues in auditing. The most frequently debated areas amongst auditors, politicians, media, regulators and the public is where the fraud is coming from and by whom. This disagreement has been especially tinted by the collapse of big corporations like Enron and WorldCom. The unforeseen fall of Enron and WorldCom traumatized the world as both of these companies received clean bills of health from their auditors immediately prior to their for bankruptcy. Type of fraud Fraud itself comprises a large variety of activities and includes bribery, political corruption, business and employee fraud, consumer theft; network hacking, bankruptcy and divorce fraud, and identity theft. We will write a custom essay sample on Fraud Auditing and Different Type of Fraud or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Many find it helpful to separate between internal and external fraud. Internal fraud is usually found by internal auditors. In the Statement of Auditing Standards 99, it’s defines fraud as an intentional act that results in a material misstatement in financial statements. There are two types of fraud considered: misstatements arising from fraudulent financial reporting (e. g. falsification of accounting records) and misstatements arising from misappropriation of assets (e. g. theft of assets or fraudulent expenditures). Examples of fraudulent financial reporting and Misappropriation of assets; * Fraudulent financial reporting. An example of fraudulent financial reporting is a company that ships customers’ goods that have not been ordered and then records the revenue as if it met all the criteria for revenue recognition. In other cases involving new high technology products, company personnel may have provided customers with a side agreement granting right of return for any reason or made payment for the goods contingent on receipt of funding or some other event. In such cases the side agreement typically is not disclosed to the auditor because he underlying transaction would not meet the criteria for revenue recognition under generally accepted accounting principles. * Misappropriation of assets. Examples of misappropriation of assets are thefts of cash, inventory or securities. Small practitioners specifically asked for guidance in this area because they were more likely to encounter misappropriations than fraudulent financial reporting. Auditors from larger firms were more concerned about fraudulent financial reporting from a materiality standpoint but also thought guidance on misappropriations would be helpful. The Institute of Internal Auditors (IIA) Definition The IIA describes fraud as â€Å"any illegal acts characterized by deceit, concealment or violation of trust. These acts are not dependent upon the application of threat of violence or of physical force. Frauds are perpetrated by parties and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business advantage. † The IIA further clarifies fraud and misconduct. Deterrence of Fraud Deterrence of fraud consists of those actions taken to discourage the perpetration of fraud and limit the exposure if fraud does occur. The principal mechanism for deterring fraud is control. The primary responsibility for establishing and maintaining control rests with management. Internal control is a process affected by an organization’s management that is designed to provide reasonable assurance regarding the achievement of objectives in the following categories: 1. Reliability of financial reporting, 2. Compliance with applicable laws and regulations and 3. Effectiveness and efficiency of operations. The standard describes the fraud triangle. Generally, the three ‘fraud triangle’ conditions are present when Fraud occurs. First, there is an incentive or pressure that provides a reason to commit fraud. Second, there is an opportunity for fraud to be perpetrated (e. g. absence of controls, ineffective controls, or the ability of management to override controls. ) Third, the individuals committing the fraud possess an attitude that enables them to rationalize the fraud. (http://en. wikipedia. org/wiki/SAS_99) As we know fraud is more likely to be committed by a single individual, without a prior history of fraud, who often raises a red flag because they are living beyond their means and are experiencing financial difficulties. The reasons for fraud are not always obvious to the business owner or even their attorneys. However, what is obvious is that it is often overlooked, ignored, and even undetected. An Analysis of the Fraud Triangle Abstract The concept of a â€Å"Fraud Triangle† is introduced to the professional literature in SAS No. 99, Consideration of Fraud in a Financial Statement Audit. The Fraud Triangle consists of three conditions generally present when fraud occurs: Incentive/Pressure, Opportunity, and Attitude/ Rationalizations. Input from forensic experts, academics and others consistently show that evaluation of information about fraud is enhanced when auditors evaluate in the context of these three conditions. To examine the impact of the fraud triangle on the audit process, this paper develops an evidential network that has two major sub-networks: one to capture risk and evidential relationships for a conventional financial statement audit and the other to capture the risk and evidential relationships for fraud risk assessment. These networks use the Belief Functions approach to express the uncertainties involved in the evidence in a financial statement audit. The results of the analyses support the concept of the fraud triangle in that the three components and the relationships between those components are shown to have a substantial impact on audit risk. Part of an auditor’s job is to ensure that their clients’ financial statements are free of fraud. But, what is fraud? It is a universally understood term; however, most people are unable to truly define what it means. Depending on the source from which it is obtained, there are a number of definitions for the term. For example, the definition in Webster’s dictionary is going to be different from the definition of fraud that the AICPA has. Also, to make things a bit more complicated, some definitions, such as the one given by the ACFE, are broken down into categories based on the types of fraud that can occur, each of which having its own definition of course. One would think that a simple word like fraud would be easily definable, but in reality, it has multiple meanings and can be interpreted differently depending to whom or where it is being referenced. Documentation The auditor should document in the work papers the assessment of the risk of material misstatement due to fraud. At a minimum, the auditor needs to document those risk factors identified in the audit engagement and the auditors’ response to them. If other risk factors are identified during the audit that causes the auditor to believe an additional response is required, he or she should document those factors or conditions and any further response the auditor concluded was appropriate. Fraud Theory Auditors today are at a crossroads regarding how to incorporate fraud detection into their audit plans. Sarbanes Oxley, Public Company Accounting Oversight Board (PCAOB) regulators, and the professional standards of auditing are requiring auditors to give greater consideration to incorporating fraud detection into their audit plan. Companies’ boards of directors, management, and the public are asking why is fraud occurring and going undetected in our business systems. Auditors are asking themselves whether fraud can be detected when there is no predication or allegation of a specific fraud. Traditionally, the auditing profession had two fundamental ways to deal with the fraud question: Search for fraud using a passive approach of testing internal controls. The approach relies on auditors seeing the red flags of fraud. Although few audit programs incorporate specific red flags for audit observation, the assumption is that professional experience will provide auditors with the skills to observe the red flags. 2. React to fraud allegations received through a tip or some other audit source. Since studies continue to indicate that most frauds are detected through tips, we need to ask ourselves how effective past audit approaches have been. Historically, the profession relied on evaluating the adequacy and effectiveness of internal controls to detect and deter fraud. Auditors would first document the system of internal controls. If internal controls were deemed adequate, the auditors would then test those controls to ensure they were operating as intended by management. The test of internal controls was based on testing a random, unbiased sample of transactions in the business system. Conventionally, audit standards stated that auditors should be alert to the red flags of fraud in the conduct of an audit. Study after study indicates that the lack of professional skepticism is a leading cause for audit failure in detecting fraud. In one sense, the search for fraud seems like a daunting responsibility. However, fraud in its simplest form should be easy to find. After all, the key to finding fraud is looking where fraud is and has been. This book focuses on the use of fraud auditing to detect fraud in core business systems. Fraud auditing is a proactive audit approach designed to respond to the risk of fraud. Essentially, the fraud audit approach requires auditors to answer these questions: Who commits fraud, and how? . What type of fraud are we looking for? 3. Should fraud be viewed as an inherent risk? 4. What is the relationship between internal controls and fraud opportunity? 5. How is fraud concealed? 6. How can we incorporate the fraud theory into our audit approach? 7. What are the ways fraud auditing can be used to detect fraud? The auditor’s response to risk can vary widely. He or she may believe the audit program already addresses areas of risk sufficiently, making no further response necessary. Depending on the nature of the risk, the auditor may wish to change the nature, timing or extent of procedures. The auditor may wish to increase the number of locations at which inventory counts are observed or assure that the inventory counts are moved close to yearend. In connection with receivable confirmation requests, the auditor—faced with other risk factors—may wish to inquire of the appropriate person about the existence of side agreements. When the auditor has significant concerns about management’s integrity or otherwise concludes it is not possible to address the level of risk on the engagement, he or she should consider withdrawing from the audit, with appropriate communications to the entities audit committee. According to criminologist Donald R. Cressey While researching his doctoral thesis in the 1950s, famed criminologist Donald R. Cressey came up with this hypothesis to explain why people commit fraud. The three key elements in the fraud triangle are opportunity, motivation, and rationalization. Opportunity is the element over which business owners have the most control. Limiting opportunities for fraud is one way a company can reduce it. Opportunity is the ability to commit fraud. Because fraudsters don’t wish to be caught, they must also believe that their activities will not be detected. The Opportunity to commit fraud is possible when employees have access to assets and information that allows them to both commit and conceal fraud. Employees are given access to records and valuables in the ordinary course of their jobs. Unfortunately, that access allows people to commit fraud. Over the years, managers have become responsible for a wider range of employees and functions. This has led to more access for them, as well as more control over functional areas of companies. Access must be limited to only those systems, information, and assets that are truly necessary for an employee to complete his or her job. Opportunity is created by weak internal controls, poor management oversight, and/or through use of one’s position and authority. Failure to establish adequate procedures to detect fraudulent activity also increases the opportunities fraud for to occur. Motivation, or can be referred to as incentive, is another aspect of the fraud triangle, it is a pressure or a â€Å"need† felt by the person who commits fraud. It might be a real financial or other type of need, such as high medical bills or debts. Or it could be a perceived financial need, such as a person who has a desire for material goods but not the means to get them. Motivators can also be non financial. There may be high pressure for good results at work or a need to cover up someone’s poor performance. Addictions such as gambling and drugs may also motivate someone to commit fraud. Lastly, employees may rationalize this behavior by determining that committing fraud is OK for a variety of reasons. Rationalization is a crucial component in most frauds. Rationalization involves a person reconciling his/her behavior with the commonly accepted notions of decency and trust. For those who are generally dishonest, it is probably easier to rationalize a fraud. For those with higher moral standards, it is probably not so easy. They have to convince themselves that fraud is OK with â€Å"excuses† for their behavior. Common rationalizations include making up for being underpaid or replacing a bonus that was deserved but not received. A thief may convince himself that he is just â€Å"borrowing† money from the company and will pay it back one day. Some embezzlers tell themselves that the company doesn’t need the money or won’t miss the assets. Others believe that the company â€Å"deserves† to have money stolen because of bad acts against employees. Role of Auditors in Corruption Investigations Auditors may come across situations, during their examinations, which smack of corruption. Since investigation requires different standards and skills, the auditors cannot get into the business of investigating a suspected case of corruption. However, they can forward extracts of their reports to investigating agencies for further probe. As compared to auditing, investigation is a different area of oversight. However, auditors can play a vital role in assisting the agencies responsible for investigation against alleged cases of corruption. The investigating agency could be an internal entity, some anti-corruption commission, police, judiciary or a specialized body for a mega corruption case. The investigation may be initiated on a complaint from a citizen, employee, auditor or a supervisor in an organization. Internal auditors usually have more diversified and detailed knowledge of operations in different parts of the organization than the investigating agency staff that may be deployed only for a particular case. The internal auditors can assist the investigating staff in interpreting various rules, in explaining various practices, in sharing some of the onfidential information that they may possess or discussing technical details of operations. The internal auditors can pinpoint areas of excessive cost and weaker controls which can help the investigating staff in detecting corruption. Conclusion In conclusion, there are many faces of fraud. The definition or clarification of what fraud actually is depends entirely on the reference from which it is being examined. As was shown, each source has its own definition of fraud and what categories of fraud do in fact exist. In order to fully understand how to look for and identify fraud in financial statements of clients, auditors need to understand what fraud is and what characteristics constitute fraud.

Consider our readings from the radical right-wing terrorist Pierluigi

Consider our readings from the radical right-wing terrorist Pierluigi Consider our readings from the radical right-wing terrorist Pierluigi Concutelli and from the interviews with radical left-wing terrorists conducted by Cataldo and Neuburger. Did these people all become terrorists for simila Many scholars and historians have focused much of their research on the reasons why people have chosen to become terrorists in the past, one way of researching this was through the interviews of past or current people considered to be terrorists. In the interview with the right-wing terrorist Pierluigi Concutelli, he explains many of the reasons why he chose to join, whether it was for the power or just to be part of a movement bigger than himself. In the interviews of radical left-wing terrorists by Cataldo and Neuburger, three different people with very different roles explained why they chose to join groups such as Prima Linea where they used violence to achieve a ?more just, freer society.? While the overall goals of both these groups were very different, the people who chose to join them did so for similar reasons in hopes of making a difference. At a societal level right-wing terrorist groups have extremely opposing views of how their governments should be run than those of the left-wing terrorists, yet individually their members all joined for very similar reasons including the ability to exert power and influence over others, being part of a larger overall movement and because of the specific context and events happening around them. With such similar reasons for becoming terrorists, it is no wonder both sides ended up fighting a common enemy as opposed to one another. Peirreluigi Concutelli?s memoir explains some of the reasons he and many of his fellow Fascists resorted to violence and terrorism in order to get their message across. Concutelli tells how he was born into an age of hatred where, ?Men and boys with machine-guns and with a dream that seemed within arms? reach against men and boys who were defending a dream already dead and done with. I am a child of those days (Concutelli, 2). This shows that with so much violence surrounding him, it was only a matter of time before he would join in to make a difference for what he believed in. While attending university in Sicily he began to meet fellow right-wing Fascists who would tell stories about how much better things were without the Christian Democrats who were currently in charge. Hearing these stories and finding people with similar beliefs to him ?gave me a sense of belonging that was real but at the same time dangerous? I came to live in a kind of Indian reservation deliberately set up f or just a few of the elect. It was quality against quantity. We were in the right, the others were wrong.? (Concutelli, 4). While at this point Concutelli was not yet willing to become a terrorist for his ideology, he soon realized that his Fascist comrades were becoming a minority and as their persecution increased so did their lust for revenge. The press also instigated violence by blaming Fascists for many bombing attacks where those responsible were never caught. ?Without the right to speak?we were excluded at the newspapers, the universities, the schools? It was in this atmosphere that, slowly, under their voices, people started talking about armed struggle.? (Concutelli, 7). These are some of the main reasons a University educated man such as Concutelli chose to become an assassin and live the rest of his life in jail rather than live out a normal life without his preferred political system. Left-wing terrorists who were interviewed in Women and Terrorism shows how terrorists at this time came from all walks of life and that ethnicity, gender and age had no effect on what people were willing to do. The terrorist ?F? who was interviewed after spending four and a half years in prison for participating in three murders said she joined Prima Linea because of ?the pervasive feeling of the youth being powerless to change things and an impatience with waiting for the birth of a more just, freer society.? (De Cataldo Neuburger, 99). With such dissatisfaction with her current government, F chose to fight back by housing other terrorist members tasked with

Loan Officer Compensation Essay Example | Topics and Well Written Essays - 1500 words

Loan Officer Compensation - Essay Example The republicans were in the opposition sector of the bill; in 2010 mid elections the republicans took control of the House. They were the ones who initiated the drive to end the bill, but unfortunately their efforts were gone wasted when most of the republicans joined the other side of the argument in May 2010, this happened when the senate passed a broadly similar bill. Four republicans changed their sides by supporting the new bill passed by the senate; only two republicans were left in the opposition side; however they could not generate enough influence to repeal the bill (New York Times) Loan Officer Compensation rule has been one of the hottest topics of debate in the real estate industry for several months. The changes were mainly designed to be in the favor of the consumer rather than the banks or financial institutions. The main opposition body of this rule consisted of the National Association of Mortgage Brokers (NAMB) and the National Association of Independent Housing Pr ofessionals (NAIHP), they first filled a stay order that was initially denied by the courts, later they their appeal helped them in granting an emergency stay but eventually it was also dissolved by the courts. The main reason why the courts rejected their appeal was the fact that they were unable to provide the courts with the appeal that was up to the standards of the courts to grant a stay order (Kraus) The new rule for the Loan Officer Compensation took effect on 1st April 2011, this rule was an amendment to the original (Reg Z). The rule was intended to limit the originators or the brokers from increasing their compensation at an expense of a disadvantage of the borrower, the primary aim was to incorporate consistency in the compensations paid to the brokers, previously the compensations were not found to be consistent between the transactions, they were dependent upon the broker’s ability to negotiate terms between the borrower and the lender, which at times resulted in a situation that was deemed to be in the favor of the broker and the lender, but not the borrower. The main reason behind the fact is that the borrowers are not always aware of the culture and customs of the borrowing industry, which left them with an obvious disadvantage. There were several problems that were highlighted by the critics of the industry that were present in the changes made by passing the new rule. The very first problem that was highlighted was the fact that the new rule would dramatically decrease the competition in the mortgage industry. It is analyzed as a change that was more favorable for the larger banks rather than the smaller banks of the industry; this was taken as a discrimination factor by the industry. An improvement factor for the whole economy is the one that will promote smaller businesses to flourish in their activities and increase their scale. The second issue that was raised by the group was a prediction that the change will bring about an increa se in the borrowing rate for the consumer in the long run as result from the decreased competition One of the biggest changes that were brought about by the new rule was the fact that the originators compensation is limited to one source only. Before the new rule took effect,

Investigative Report and News Release Essay Example | Topics and Well Written Essays - 250 words

Investigative Report and News Release - Essay Example Service has been disrupted since then. Mr. Packard has already dispatched repair teams to the site and the extent of the problem shows that repairs will take about three weeks to complete. An incident report was filed after the repair team had been dispatched. At an emergency press conference helmed by Ms. Rhian Ramos for Alta Vista Internet Services, she announced that the recent disruption of their services in the Southern area of the city was caused by a vehicular accident that cut one of the cable links to the Southern Belle Telephone Company. Some client have gone without internet service since the early hours of October 19. Ms. Ramos explained that repair crews have been dispatched to the site and repairs are said to take up to three weeks at the longest to complete. Recognizing the inconvenience that this disruption has caused, Ms. Ramos announced that Alta Vista Internet Services shall supply those in the affected are with the free use of the companys newest product, the Slammin Speed USB modem for the next 3 weeks. The new usb modem guarantees internet speeds of up to 7.5 mbps and is set to be launched officially at the end of the month. â€Å"This incident will allow our company to highlight our new and upcoming services while allowing our clients to continue with their internet based lives free of charge. Our company will also reverse the charges for the next three weeks on their regular internet use in order to discount the repair days of the system. In the meantime, those who wish to convert to the usb modem service after 3 weeks may do so free of charge. This is our companys way of letting our clients know that we truly care for their needs and our company will not let them down when they need our services the most.† Ms. Ramos

Adopting MapReduce and Hummingbird for Information Retrieval

Adopting MapReduce and Hummingbird for Information Retrieval Adopting MapReduce and Hummingbird for Information Retrieval in dedicated cloud Environment Dr. Piyush Gupta Chandelkar Kashinath K. Abstract: Data collected in section 3 indicated the number of active internet users across the globe. The collected chunks of information termed as Big Data not only utilizes physical resources into the network, but also leads to increase in human and financial resources. Cloud computing being a technology with IaaS (Infrastructure as a Service), PaaS (Platform as a Service) and SaaS (Software as a Service) provides virtual resources on pay per use policy. MapReduce being widely used Algorithm is used in line with Hummingbird Search engine for information retrieval. Keywords: MapReduce, SaaS, IaaS, PaaS, Hummingbird, Big data 1. Introduction One of the papers published in International conference at Jaipur, entitled â€Å"The Need and Impact of Hummingbird Algorithm on Cloud based Content Management System† [21] elaborates on existence of humming bird algorithm on 15th birthday of Google. In existence with previous Google algorithms like panda 3.5, page rank and penguin, hummingbird is a new replacement of full engine instead of repairing individual modules. This has affected 90% of data across the globe. Migrating MapReduce algorithm on cloud environment using Hadoop, not only improves performance due to cloud features but also the efficiency is increased with cost minimization. 2. Problem Fig-1: Data center Source: IBM Enterprise System Fig-1 gives a snapshot of engineers working at data centers who manages information from diverse platforms and resources. Managing hardware and Network with virtualized resources needs dedicated young talent. When it comes to end user, he gets an average service as a result of improper management of data centers. MapReduce is one of the best known algorithms used for IR (Information Retrieval) in addition with existing algorithms as explained in section 7. Due to exponential increase in smart devices that supports voice based search, definitely needs fast and efficient searching algorithm for information retrieval. The voice based search assists to make smart decisions in real time applications like place identification, weather forecast and medical assistance using android based applications. 3. Why problem is important Fig-2: Global Internet users Source: W3 Foundation Looking at data increase across the globe as shown in Fig-2 (data collected till July 1, 2014) [19], the pilled content in repositories is increasing worldwide. It requires huge amount of hardware resources running for years to extract information and knowledge for decision making. The big challenge in big data is ever increasing content utilizing human resource and cost to create chunks in available networks across the globe, which needs attention. 4. It is an unsolved problem From the following relevant reviewed literature (table-1), it gives a blueprint that the problem has still remained unsolved. The authors have either focused on cloud components [6] [11] or had used traditional Google Components during the analysis. Since Hummingbird Algorithm [10] is not keyword based the searching criteria have changed. When combined with MapReduce [1] [3] [15] in cloud environment shall definitely yield efficient results with minimum cost and resources. Table-1: Existing Systems compared 5. Here is my idea Fig-3: Proposed Information Retrieval System Being cloud computing [4] [6] is upcoming Technology as discussed in section -7.2, is a good source of virtualized resources that helps to manage content on diverse platform irrespective of geographical boundaries. An instance of Hadoop that supports MapReduce Algorithm (elaborated in sec-7) is migrated in cloud environment using SaaS (Software as a Service) to whom input is diverted for processing. Hummingbird (more in section-7) Algorithm is a brand new search engine designed to understand meaning from acquired query instead of word, is imparted to collect output from MapReduce instance. The collected output on Amazon S3 cluster is efficiently and effectively delivered to end user based on voice based request, in addition to traditional systems for efficient decision making in the field of medicine, scientific research and so on. 6. My idea works To confirm the working of proposed idea, a hosted instance of Hadoop was used that supports MapReduce Algorithm and S3 data cluster from Amazon. It also has Qubole [20] managed database to test the instance in cloud environment. Qubole has an API (Application programming Interface) that gives overview of running instances through dashboard. A user shall give input as a database or can manually select file in addition to query wizard. Once the input is given to MapReduce cluster, data analysis shall be done by using hive query in addition to pig script. Following results were collected by using existing database. Fig-4: Cloud based Hadoop Instance Source: Qubole Figure -4 shows a dashboard running Hadoop instance, in which 2 queries have finished data analysis. It communicates at runtime with Amazon S3 bucket where data is stored for input. The mapper [1][3][15] scans the data files from the source and extends the output to reducer. The reducer further processes data and is sent back to S3 cluster for further processing. This information shall be accessed by end user through web access and with the support of Hummingbird Algorithm. Fig-5: Running Hadoop Cluster Source: Qubole Fig-5 shows a single running Hadoop Instance in cloud environment. Qubole supports metrics of instances running simultaneously that enhances performance their by increasing efficiency. The graph in the above figure indicates time spent to complete single job. Every task is monitored by master DNS having unique ID. To each DNS a list of queries shall be given as input for further analysis. Fig-6 shows process getting started on Hadoop Cluster that combines both map and Reduce session together. The jobs performed uses batch processing system for single instance. Running multiple instances on different clusters in cloud environment makes process more efficient without investing much is physical infrastructure. As a result of which end user shall enjoy the benefits of information retrieval with minimum time, cost and physical resources. As cloud supports pay per use policies resource allocation as per requirements becomes easier. Fig-6: Hadoop Master DNS Source: Qubole Detail explanation about concepts existing algorithms used for information retrieval BFS(Bredth First Search) Redundant BFS. ISN (Intelligent Search Machine) Directed BFS Random walker search Randomized Gossiping Centralized approach Distributed Information retrieval Searching Object identifier Following explanations shall help to elaborate more about specific areas. 7.2 Cloud Architecture Fig-7: Cloud Architecture Source: NIST Cloud is an upcoming technology that supports IaaS (Infrastructure as a Service) PaaS (Platform as a Service) and SaaS (Software as a Service) as shown in Fig-7. For any hosted instance in cloud, open source software is used as a server that supports virtualization and Grid technology. Virtual private network is used in addition to broadband network13] [16]. As a service provider SLA (Service level Agreement) is signed between an organization and service provider. Distributed computing is one of the known components as data transferred across the network requires secure, authentic and efficient service in a given network. The type of cloud includes public, private, community and hybrid cloud [2]. Private clouds are hosted in dedicated environment having firewall and other authentication features. Updating existing system and taking backup remains responsibility of the owner. Hybrid clouds may be hosted in private environment in synchronization with public resources. The end user held responsible for resources used in public cloud with minimum security. 7.3 MapReduce Algorithm Fig-8: MapReduce Algorithm Source: Jimmy Lin, University of Maryland The algorithm takes data input as a file or database in the form of query. A list of mapper instances are activated which travels across the database in search of information. The jobs or data values are shuffled based on keys and aggregated as an input to reducers. These reducers understand the key inputs and reshuffle to get unique relevant information for further processing as shown in Fig-8[1]. 7.4 Hummingbird Algorithm Hummingbird Algorithm [10] [21] is the latest birthday gift from Google. Panda 3.5 and penguin were basically filters applied to searching criteria in the form of web pages and hyperlink. The traditional search engine extracts information based on keywords. Considering a sentence â€Å"How many times does hummingbird flap their wings per second?† the traditional search engine being keyword based tries to extract word like times, flap and per second. Based on collected keywords the web pages are searched in database. The collected content undergoes filtering from panda and penguin. Resultant results are displayed to user in the form of hyperlinks. Being hummingbird is innovation in the field of search and meant for voice based information retrieval, it accepts query as a single sentence instead of keywords. The engine tries to understand meaning and creates knowledge base from provided information or query. Fig-9: Hummingbird Search Source: Google.com In fig-9, the query asked to Google was where am i? Using voice search. The search engine had found my current location based on IP address or physical location and displayed map for the same. 8. Conclusion and future work The paper is continuation to hummingbird Algorithm [21] that supports MapReduce Algorithm with Hummingbird search engine in dedicated cloud environment. Qubole a hosted Hadoop instance is used to confirm working of MapReduce in support with Amazon S3 for data during. A single hive query instance on single DNS is tested which shall be extended for testing multiple instances of hive and pig script simultaneously as future work. References [1] Rahul Prasad Kanu , Shabeera T P , S D Madhu Kumar 2014- Dynamic Cluster Configuration Algorithm in MapReduce Cloud, International Journal of Computer Science and Information Technologies, Vol. 5 (3), 2014, 4028-4033. [2] Mr. Kulkarni N. N., Dr. Pawar V. P., Dr. K.K Deshmukh -2014 Evaluation of Information Retrieval in Cloud computing based services, Asian Journal of Management Sciences 02 (03 (Special Issue)) [3] Brian Hellig, Stephen turner, rich collier, long zheng-2014- beyond map educe: the next generation of big data analytics HAMR.Eti.com. [4] Ismail Hmeidi, Maryan Yatim, Ala’ Ibrahim, Mai Abujazouh, 2014 Survey of Cloud Computing Web Services for Healthcare Information Retrieval Systems , International conference on Computing Technology and Information Management, Dubai, UAE. [5] Anil Radhakrishnan and Kiran kalmadi -2013- Big Data Medical engine in the cloud, Infosys Lab Briefing Vol-11, No-1. [6] Dr. Sanjay Mishra, Dr. Arun Tiwari 2013 A Novel Technique for Information Retrieval Based on Cloud Computing, international Journal of information technology. [7] Yu Mon Zaw, Nay Min Tun 2013-Web Services Based Information Retrieval Agent System for Cloud Computing. International Journal of Computer Applications Technology and Research Volume 2– Issue 1, 67-71. [8] Gautam Vemuganti 2013- Metadata Management in Big data, Infosys lab Briefing. [9] Aaditya Prakash 2013-Natured Inspired visualization of unstructured big data, Infosys lab briefing, Vol-11, No-1. [10] Xinxin Fan, Guang Gong,Honggang Hu-2011- Remedying the Hummingbird Cryptographic Algorithm, IEEE. [11] Mosashi Inoue 2009- image retrieval: research and use in the information retrieval, National Institute of Informatics. [12] Jeff Dean Google Fellow 2009- Challenges in Building Large-Scale Information Retrieval Systems. [13] Tsungnan Lin, Pochiang Lin, Hsinping Wang,Chiahung Chen-2009-Dynamic Search Algorithm in Unstructured Peer-to-Peer Networks, IEEE. [14] William Hersh -2008 Future perspectives Ubiquitous but unfinished: grand challenges for information retrieval, Department of Medical Informatics and Clinical Epidemiology, Oregon Health and Science University, Portland, Oregon, USA. [15] Jeffrey Dean and Sanjay Ghemawat 2004-MapReduce: Simplified Data Processing on Large Clusters, Google.com. [16] Mehran Sahami Vibhu Mittal Shumeet Baluja Henry Rowley 2003-The Happy Searcher: Challenges in Web Information Retrieval, google.com [17] James Allan 2002-Challenges in Information Retrieval and Language Modeling, Report of a Workshop held at the Center for Intelligent Information Retrieval, University of Massachusetts Amherst [18] Amit Singhal 2001- Modern Information Retrieval: A Brief Overview IEEE Computer Society Technical Committee on Data Engineering. [19] tp://www.internetlivestats.com [20] https://api.qubole.com [21] Dr. Piyush Gupta, kashinath Chandelkar 2012- The Need and Impact of Hummingbird Algorithm on Cloud based Content Management System, vol-2, issue-12, IJARCSSE journal.

What Makes an Effective Executive

Karrie Sebring BU531: Session 2 Harvard Article Review â€Å"What Makes an Effective Executive? † by Peter F. Drucker What is this article about as a whole? There is no science on how to improve effectiveness; effectiveness is a disciple and therefore can be learned by anyone. Drunker concludes that you don’t have to be a leader or possess specific personalities, strengths, values or beliefs to be an effective executive. Utilizing the following eight simple practices allows executives to be effective: Asking, â€Å"What needs to be done? † Asking, â€Å"What is right for the enterprise? † Developing action plans Taking responsibility for decisions Taking responsibility for communicating Focusing on opportunities rather than problems Running productive meetings Speaking as â€Å"We† rather than â€Å"I† The first two practices give executives the knowledge they need. The next four help them convert this knowledge into effective action. The last two ensure that the whole organization feels responsible and accountable. What are the essential points in this article? Executives need to ask what is right for the enterprise, rather than what is right for the owners, stock price, the employees or the executives. Asking this question does not guarantee the correct decision will be made; however failure to ask this question will nearly guarantee the wrong decision. Knowledge is useless until it has been translated into actions but actions need to first be planned to identify possible restraints and implications. The action plan should be a statement of intention rather than commitment and should be revised often because every success and failure creates new opportunities. The action plan needs to have a system for checking results against expectations. Lastly, the action plan has to become the basis for the executive’s time management, which is an executive’s most scarce and valuable resource. Executives need to take responsibility for communicating; executives need to share their plans, ask for feedback and indicate specifics on what information they need from their subordinates to get the job done. Good executives focus on opportunities rather than problems; they treat change as an opportunity rather than a threat. Effective executives ensure problems do not overwhelm opportunities and put their best people onopportunity tasks. Executives must make meetings productive and ensure that meetings are work sessions rather than bull sessions. A few key notes are to decide in advance what kind of meeting each session will be, end each session when the purpose has been accomplished and lastly, follow-up on each meeting. Effective executives have authority because they have the trust of the organization and therefore think of the organizations needs and opportunities before their own. Lastly, one rule stands; listen before you speak. How can you apply what you learned to business? What Makes an Effective Executive Karrie Sebring BU531: Session 2 Harvard Article Review â€Å"What Makes an Effective Executive? † by Peter F. Drucker What is this article about as a whole? There is no science on how to improve effectiveness; effectiveness is a disciple and therefore can be learned by anyone. Drunker concludes that you don’t have to be a leader or possess specific personalities, strengths, values or beliefs to be an effective executive. Utilizing the following eight simple practices allows executives to be effective: Asking, â€Å"What needs to be done? † Asking, â€Å"What is right for the enterprise? † Developing action plans Taking responsibility for decisions Taking responsibility for communicating Focusing on opportunities rather than problems Running productive meetings Speaking as â€Å"We† rather than â€Å"I† The first two practices give executives the knowledge they need. The next four help them convert this knowledge into effective action. The last two ensure that the whole organization feels responsible and accountable. What are the essential points in this article? Executives need to ask what is right for the enterprise, rather than what is right for the owners, stock price, the employees or the executives. Asking this question does not guarantee the correct decision will be made; however failure to ask this question will nearly guarantee the wrong decision. Knowledge is useless until it has been translated into actions but actions need to first be planned to identify possible restraints and implications. The action plan should be a statement of intention rather than commitment and should be revised often because every success and failure creates new opportunities. The action plan needs to have a system for checking results against expectations. Lastly, the action plan has to become the basis for the executive’s time management, which is an executive’s most scarce and valuable resource. Executives need to take responsibility for communicating; executives need to share their plans, ask for feedback and indicate specifics on what information they need from their subordinates to get the job done. Good executives focus on opportunities rather than problems; they treat change as an opportunity rather than a threat. Effective executives ensure problems do not overwhelm opportunities and put their best people onopportunity tasks. Executives must make meetings productive and ensure that meetings are work sessions rather than bull sessions. A few key notes are to decide in advance what kind of meeting each session will be, end each session when the purpose has been accomplished and lastly, follow-up on each meeting. Effective executives have authority because they have the trust of the organization and therefore think of the organizations needs and opportunities before their own. Lastly, one rule stands; listen before you speak. How can you apply what you learned to business?

Australia is physically and culturally unique

Australia’s multicultural attitude respects all cultures and races. Australia’s government is amazing because it was federated and democratic. Its climate varies throughout Australia because of its size. Australia is a truly fascinating continent/country/island. Its uniqueness is due to its flora with its many different plants. Its fauna and its many creatures only found in Australia. Australia’s lifestyle is also sought after because it can’t be found anywhere else. Also it landscape is almost unpredictable and also classifies Australia as a continent, country, and island. Its final asset is its development and technology, since Australia is a major contributor to medical studies and are leaders in sports technology. Now that you know briefly why Australia is unique, the rest of this report will elaborate further on them. Australia has a unique climate. It sits in many climate zones because of its large size. These zones include tropical, sub-tropical, temperate, and sub-temperate. Most of Australia has four seasons, summer, autumn, winter, and spring, in other places it is two seasons and they are the wet and dry seasons. From blistering hot temperatures in Darwin to below zero temperatures in Hobart, Australia’s climate is one of many things that make Australia unique. Next in line is Australia’s landscape. Australia has many different terrains from forests to deserts and this is also because of its large size. The edge of Australia is mostly green except for the western coast; the rest of Australia is mainly dry and arid. Australia’s shape, size, and location also make it a continent, country, and also an island. The flora in Australia is truly amazing. Australia has a wide range of flora, like bottle brushes, waratahs, and eucalyptus trees. All the plants mentioned are unique to Australia, with many more that haven’t been mentioned. These plants are also important to Australia’s fauna for habitat and food. These plants also make Australia a colourful and beautiful place. As mentioned in the above paragraph, Australian fauna is important to Australia. The creatures unique to Australia are the kangaroos, wallabies, wombats, emus, koalas, kookaburras, etc. If u look on the Australian emblem u should see two animals unique to Australia, the emu and the kangaroo. Australian lifestyle is well sought after. It is sought after because of the easy going, laid back nature of all Australians. Everyone seems to be happy and enjoying life while in America everyone is stressed and working very hard. The Australian lifestyle also involves the great outdoors. The dominant male is at the BBQ cooking shrimp and steak holding a VB while a game of cricket is going on in the background. These points make the Australian lifestyle favourable. The reason the Australian lifestyle is as it is now is because of its government. Australia originally had 6 colonies until it was federated in 1900. Since then Australia has improved and has learnt from past mistakes. The Australian government makes sure that all cultures and races are accepted as equals, which makes it a multicultural government. This brings us to the next point, multiculturalism. Australia is unique because it is one of the few countries where all cultures and races are respected for who they are and treated as equals. This makes Australia an ideal country to travel to for non-white people because it guarantees that they would be treated fairly while in this country. Australia is pretty significant when it comes to development and technology. Australia are major contributors to medical research especially in the cancer research section. Australians are also leaders in sports technology, mainly to do with rugby, cricket, and AFL. This makes Australia ideal for people interested in sports and cancer research. The following reasons above make me strongly believe that Australia is a unique country. To live in this amazing country is a privilege and should be respected because of it is a one of a kind country, and is confirmed in the above paragraphs.