Discuss the problems associated with constitutional design in Central Essay

Discuss the problems associated with constitutional design in Central and Eastern Europe (Bulgaria, Czech Republic, Hungary, Poland, Romania, Slovakia) since 1989 - Essay Example Countries like Bulgaria therefore struggled in order to bring in a balance between the powers of President and other State authorities to make the overall legislative environment more flexible to accommodate the new ideological changes which took place in the region. On the other hand, countries like Poland, Bulgaria, Slovakia, Czech Republic and Hungry made their accession to EU in the first part of 21st century however, the overall process of making constitutional changes were on since 1989. It has been argued that the overall approach towards constitutionalism remained focused on two important approaches of pluralist bargaining and imposition of ideas of dominant group. Countries like Hungary, Poland and Czech took the first approach whereas countries like Bulgaria, Lithuania, and Slovakia etc. modeled their constitutions based upon the ideologies of the dominating groups. Firstly, this essay will discuss the problems faced by Central and Eastern European countries in constitutional design since 1989 and how the overall process of constitution building evolved over the period of time. Therefore, this paper will outline the constitutional changes made by these countries over the period of time to make their constitutions in accordance with the requirements for the membership of EU. Some of the key challenges and problems faced included making a balance between the powers of different institutions, electoral rights for the EU citizens, redefining the role of national and international law as well as the transfer of power. These issues, though were gradually drafted into the constitutions however, they took time and were not rushed into the implementation. Since breaking away from the communism, Central Eastern European countries had to make a transition towards parliamentary democracy but had to develop the market economies too. The initial response towards this transition was based upon development of policies which can reduce the

Audit Assignment Example | Topics and Well Written Essays - 1500 words

Audit - Assignment Example In the course of the financial statements audit, an auditor is subject to the audit risk and he/she commits it if his/her audit opinion is inappropriate. This arises where the financial statements are materially misstated, making them be presented unfairly and fail to conform with the applicable financial reporting framework. To this extent, this paper aims at identifying the possible audit risks as presented in the case of Cupcake Co and the possible actions that the auditor is likely to take in each case. It will also discuss the benefits that accrue from conducting a risk assessment at the planning stage of the audit. According to this paper’s analysis, Cupcake Co is likely to suffer the loss of cash through theft. As presented in the case, the company keeps a sufficiently large amount of cash for the purposes of giving back change. The internal control of Cupcake Co has failed in its control over the cash, making it susceptible to improper diversions, as well as being misused. From the case, there was no separation of duties in cash handling. When such a case subsists such that a single department or individual is entrusted with both asset custody and their record keeping, there is a potential risk of frauds, in that, such assets can be stolen. In addition, accounting records falsifications to hide events can be done. In such a scenario, the management would have difficulties in holding a specific employee accountable in case errors or fraud is detected. To respond to this audit risk, the auditor can ask the management of Cupcake Co to state the internal controls they use to control their cash. The auditor will seek clarification on whether duties are segregated in the handling of cash. The auditor can also perform some analytical procedures such as the prevailing trend in the cash balance relative to the previous year’s balances. There could be an audit risk arising from the