Analysis Of Mary Shelley s Frankenstein - 1841 Words

The novel Frankenstein by Mary Shelley tells a strange and tragic tale of a mere human named Victor creating life and the consequences of this act. Throughout the novel, we see Mary Shelley using Robert Walton, Victor Frankenstein, and the monster emphasize a theme of loneliness and the effect it has on a person. It seems that humans have a persistent need for social interaction and acceptance. Mary Shelly shows this to us with the interactions of Victor, Robert and the monster. Throughout the novel, we see how isolation serves as the starting grounds of conflict, particularly in the case of the monster. Frankenstein begins with four letters written by Robert to his sister. This is the first appearance of the theme loneliness, as he is†¦show more content†¦He is on a dangerous trip to the north pole with no one to vent to. He is worried that should his dreams and expedition not work and his only human contact on the ship was his letters to his sister. Robert and his relations with his crewmates are minor and kept to the minimum. His other major human relation was Victor Frankenstein, who he meets later in the novel on his expedition. From his ship Robert has saw Victor on a dog sled passing the ship and Victor approached the ship that Robert was on and asked what direction the ship was heading. He latter boards the ship and Robert learns that Victor was chasing a someone that had passed the ship the previous day. Robert and Victor spends a lot of time on the ship and their relationship grows stronger. Victor Frankenstein can be said to be the protagonist of the novel but he also has a major problem of isolation and loneliness. Victor has a loving family and close companions such as Elizabeth and Henry. Mary Shelley also described the fact that Victor’s family desire to keep in contact with him, dissipate the fact that Victor does not make an attempt to build a positive relationship. One major time that we saw Victor in self-isolation was when he went to university in Ingolstadt. Victor stated â€Å"And the same feelings which made me neglect the scenes around me caused me also to

American Imperialism America s Quest For Dominance

The start of a country we know today as America was started with a few different ideologies. One of them is a new start away from Britain and the other was the continued encroachment against the native population. It started off with the need of survival and it continued until the destruction of an entire people and culture was nearly complete. Soon, after the civil war Americans began pushing west in the name of â€Å"manifest destiny, the belief that the United States had a ‘God-given’ right to aggressively spread the values of white civilization and expand the nation from ocean to ocean† (Roark 14). This is the start of American imperialism that lasted over a century, during the time; genocides and countless death are milestones in America’s quest for dominance. I am defining American imperialism is the policy expand one’s influence through economic, democratic or military force with the belief of the benefit to the country. American imperialism p lays in important role through history as the cause of not only the genocides of the Native Americans, but the ultimate cause of the holocaust and even racism. The destruction of native life was systematic in nature and destructive by force. Soon after the civil war many people wanted to settle out west but were unable to because of the indigenous people, who were living in the area at the time. In an attempt to relocate them the United States created Indian reservations. Due to poverty and the terrible conditions of theseShow MoreRelatedThe Impact of the Cold War on Developing Nations Essay1175 Words   |  5 Pagesearly 1940’s to late 1990’s. United States wanted to flex its political muscle and try to curtail the spread of Soviet Communism in the developing nations. Most of the nations in developed world had already made their political and socio-economic stand regarding the form of governance and leadership pursued. 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Role of Internet in Today’s World

Question: Discuss the role of internet in todays world. Answer: Introduction In the past few decades, use of Internet has brought a revolution in almost all aspects of Human Life. The increased usage and adoption of Internet has effect on all spheres of life, key being (but not limited to) education, health services, financial, communication, retail, business model etc and thus has irreversible impact on growth and development of each individual whether directly or indirectly. Other areas that needs to be considered and surely will have long lasting impact are social and moral (values) impact. the practice of Internet has bring in many advantages including highly competitive environment, faster reach, ease of Information access leading to more value proposition. But there is a great quote - "There are two sides of a coin" which is also reflecting in below saying: "Every truth has two sides; it is as well to look at both, before we commit ourselves to either" (Aesop, n.d) Any advanced technology creates new threats as well as new potentials. The Internet offers enormous opportunities, which are being exploited by communities, and increasingly also by business enterprises. It also harbours risks to the privacy of personal data and communications, as marketers seek to profile their electronic customers, and governments seek to impose themselves on people they see as miscreants (Cyberspace Invades Personal Space, 1998). This paper describes the kinds of threats that exist and are emerging. On these lines this work will reflected on the disadvantages of Internet within the periphery of Information privacy. Role of Internet in Todays world Internet today plays a key role in every walk of life. Let us try to articulate the role of Internet in everyday life: Business: with the evolution of Internet the business model (especially for retain) has changed drastically. Eg: Amazon, alibaba.com etc are online giants in retail segment which have leveraged the introduction of internet for their business model. Healthcare: The readily available healthcare based information has been a boon to this industry leading to efficiency in treatment and research in this segment. Communication: with the rapid pace of Internet technology upgrade, this domain has seen a large growth and increased usage. Introduction of VOIP and online chatting app like whatsapp and telegram are examples to name a few. Education: With the aid of Internet, the self-paced computer assisted learning plays a key role in encouraging, motivating, developing and evaluating students. Computer based learning provides flexibility in skills acquisition and can meet the goal of lifelong learning. Geography: Internet has been key in breaking geographical barrier, with Internet offering ease of Information flow and connecting people across region, culture and various ethnic groups. Entertainment: Internet has significant impact on the entertainment industry especially with regard to games, movies and music. For games, through Internet individual across the globe can play and compete again one another. Movies segment has also gained pace with internet with online promotion and marketing going viral these days. Players like Netflix have business model for Internet based movies. Music reach has expended drastically with the introduction of online music stores like Apples iTunes Store, Amazon MP3, Napster and Rhapsody. Briefly internet has been a revolutionizing phenomenon and part of play in every walk of life as represent in picture below highlighting the increased trend in Internet penetration. Figure (a) "Number of internet users 2005-2015 | Statistic", 2016 This graphical representation gives information on the total number of worldwide internet users from 2005 till 2015. As can be seen, the number of internet users worldwide has reached to 3.17 billion in 2015, up from around 1 billion in year 2005. Another illustration of increased Internet trend is implied by the below statistics which shows that market capitalization of Internet based companies has increased from $16,752 (As of December 1995) to $2,415,867 (As of May, 2015). Figure (b) "Growth of Internet Companies | Morgan Stanley, Capital IQ, Bloomberg", 2015 Privacy The significance of privacy and usage of internet are co-related and have evolved time to time together in discussions around the topic. It is therefore not possible to accept or deny the notions about privacy without emphasizing Information security/ data protection considering the ways internet based applications, mobile penetration and online world has evolved. Personal information or data of an individual comes in the periphery of private information. Examples include (but not limited to...) Name, Origin, date of birth, address, and gender. Also details like IP address of computer used by an individual, financial data, card details, and passwords are part of private information (Privacy and Information Technology, 2014). Every individual has Private space and wants to retain it. Key aspects for Privacy include: Privacy is practice that a person wishes to retain 'personal space' which is free from intervention from others, public and associations Privacy has various flavours including privacy of personal information, privacy of communication, privacy of data. Privacy is about giving an Individual right to exercise substantial degree of control over data and its use Below is a diagrammatic representation of the areas of privacy concern. Figure (c) "Area of privacy concern | CSI", 2016 Impact Analysis on Privacy Under this head we will analyse the impact of internet on Information Privacy. Data Leakage: Data transmitted over Internet is subject to various risks like: It does not reach the intended recipients It reaches to unintended recipients It is accessed by unauthorised person It may be interpreted and modified during transfer so as to defeat the purpose of transfer It may be vulnerable to virus attack and threats The sender may deny about sending the message The receiver may deny about receiving the message The data leakage might lead to security threat as well as may lead to financial or legal impact Under all these circumstances of cases of data leakage or data theft over Internet, most important is the access to content to unauthorised authority which leads to an opportunity to intercept the message and thus leading to security breach and hence exposes the sender to risk. Approach to deal with this threat can be that the message transmission may be based on sender/receiver confirmation. Also the data can be encrypted and then encrypted data can be passed over Internet. Decryption logic at receiver end can be used to get the actual message. This minimises the risk of data theft. b. Education Internet has played role of double edged sword for Education domain. though it provides information and easy access to knowledge articles and subject area, in other way it also hampers the main purpose of Education to bring overall development in student so that they become responsible and qualified citizens for tomorrow. With Internet around children expects instant reposes and gratification. The knowledge is easily available and Internet provides results instantly with no waiting or minimal effort (Lynch, 2008). In this situation as the know-how is easily obtained via Internet, children do not value the importance of concepts and thus their problem solving skills are not developed in long term. This is in concurrence with a great saying given below which implies that if something is achieved easily (without hard work) then the achievement is not valued. Nothing in the world is worth having or worth doing unless it means effort, pain, difficulty (Roosevelt, n.d) Internet has eroded the traditional classroom culture and thus the Guru based methodology has been converted to a model where a there is no Guru (Teacher), rather an instructor who just server his clients (students). This vast variation in teaching pedagogy to Internet penetration has drastically reduced effectiveness of Education system. Other negative impact of Internet on Education can be seen that the average attention span of teens today has reduced. the constant supply of information , entertainment leads to lost focus of student and thus they do lack the capability to do in-depth analysis of work problems. Internet also hampers by facilitating the wrong modes of assignments, work as children these days can easily access test, assignments over Internet thus defeating the purpose of education system. c. Identity theft Identity theft is a scenario where the information on the basis of which an individual is identified is acquired by an unauthorised person and is used in a way that the unauthorised person can act or operate as though they are same person. This is equivalent to steal a wallet or valuable item of a person. Internet has been a medium of this type of identity theft. Examples include Phishing websites, mail theft, getting details from online loan and application form etc. Online transaction details of an Individual can be obtained via use of cookies [refer Appendix(b)], (or the application of powerful client-side programming languages), such as the relatively well-behaved Java, and the Active-X control which exposes risk to personal data or transaction details. Some internet based control can provide location details of an individual, which may be annoying and unpleasant for some who do not want to be social. Other risks that Internet poses are like Spam [refer Appendix (c)], tracking IP address of a machine connected to internet and thus hacking to gain undue advantage of someones personal space or information. d. Business and Financial impact Businesses have been impacted by Internet in invariable fashion in which key issues has been illegal file sharing through which one acquires individual copyright data. Additionally this violates the business ethics and these practises have been raised as concern in one or other form example copyright media such as music/ movies shared, illegal software downloaded from Internet etc Below is an articulation of the negative impact of Internet in business: Small business cannot survive as they do not have resources and technology to compete with giants like Amazon which are bigger online retail store. thus these small scale brick and mortar retail store end up going out of business. Some times when a customer goes for online shopping, the product image depiction vis-a-vis actual delivered product varies and thus customer ends up complaining about inferior product quality Online companies sometimes follow deceptive sales practices to gain targets which leverages on Internet based automated system Internet provisions invasion of privacy through questionable data collection practices associated with advertising Business relationships are impacted with use of online chats and Skype. Personal aspects of doing business are getting ruled out with the increasing use of Internet Internet being quick and easy way to access information is one of the key factors for decline in print news usage and thus Newspaper publishing companies are finding difficult to stay afloat Music, Movies, Videos and Television serials are freely available on internet and can be illegally downloaded from internet. This effect the economic interest as artistic material or product is downloaded for free and thus the royalties of the work is not paid. One of the major problems with Businesses based on internet is that unavailability of Internet impacts business negatively. Business that is build up with internet as fundamental part of operations will move out of business in case internet unavailability is frequent. With internet it gives capability to hackers to interrupt operation of a business. It open doors for hackers and one lone hacker can completely shut down the whole company. Investors and stakeholders risks of losing the money invested in such business in a single shot. Oversupply of information leads to less productivity. Studies [refer Appendix (a)] show that excessive information results in poor and risky decision making. With lots of data to analyse employees sometimes, in order to save time, ignores data and stick to the first data set and thus interpreting results wrongly and taking wrong decision. Thus although the belief is that Internet provides huge data is a plus factor whereas actually it is opposite. e. Impact on Society Social relations are badly impacted by the use of gadgets based on internet. Today, social gathering have reduced drastically as Internet has taken up place for major mode of connections and communications. Children do not sit with Parents as they are most of the time hooked to gadgets and prefer to be involved in activities like connecting with friends on facebook, text messaging, chatting etc. Rarely they meet manually and get bonded to people around them, thus people these days are connected only virtually in virtual world. Below is a diagrammatic representation of statistics which reflects how teens are increasingly getting engaged in internet social networking sites. Figure (d) "Teen and adult use of social networking sites change over time| The Pew Research Centre", 2013 f. Moral Values This is one of the biggest problems created by growing usage of Internet. Internet is a curse because of which moral values are getting thin day by day in culture. Teens, instead of using Internet in productive manner are using it as source to discover adult content. Below is a diagrammatic presentation of the concerns from parents for online activity using internet: Figure (e) "Parental concern over child's online presence | Pew Research Centre, 2013 Other factor that reflects the deterioration of moral values is that across all socioeconomic groups and geographic locations, teens are equally as likely to report lying about their age to gain access to websites and online accounts. This has been shown below with increasing children lying over Internet. Figure (f) "Lying about age, by age | Pew Internet Parent/Teen Privacy Survey" 2012 This loss in moral values due to Internet is irreparable and far more as compared to economic loss (which can be quantified in monetary terms). Conclusion and Assessment Respecting a person's privacy is to acknowledge such a person's right to freedom and to recognize that individual as an autonomous human being. The Internet provides a whole new set of specific ways in which people's privacy may be intruded upon, and adds new dimensions to existing problems. It necessitates the negotiation of a whole new set of balances among the various interests (). Internet based administrative practices, aided and abetted by information technologies, have dramatically increased the incidence of dataveillance [refer Appendix (d)], and created enormous threats to information privacy. Privacy remains a critical element for individuals doing business or engaging online. While it is understandable there are distinctions between industry sectors and their privacy practices but still the gaps highlighted under the section "Impact Analysis on Privacy" can be catered by creating and adopting policies that covers the risks and issues identified. Individuals and consumers also have strong expectations in relation to areas of data breach notification and it is time that Regulations and policies resulting in control and responsibility are designed and put in practice, particularly in the area of social networking. References Aesop, Greek writer Aesop (620-564 BCE) in the fable The Mule. Cyberspace Invades Personal Space by Roger Clarke, Visiting Fellow, Department of Computer Science, Australian National University.May/June 1998. Number of internet users 2005-2015 | Statistic. (2016). Statista. Retrieved 5 June 2016June 2016. Privacy and Information Technology by van den Hoven, Jeroen, Blaauw, Martijn, Pieters, Wolter and Warnier, Martijn, The Stanford Encyclopedia of Philosophy (Spring 2016 Edition), Edward N.

Corporate Governance and Its Importance-Free-Samples for Students

Question: Discuss about the Corporate Governance and its importance. Answer: Introduction In view of Marc Palker (2016), who is the Principal at MPP Associates and also is the IMA Chair of the Global Board of Directors, accountants are the gatekeepers of financial reporting and governance. Through the effective communication of the corporate governance structures in the entire organization, particularly across its hierarchy levels, the organizations can easily facilitate ethical and more accurate information. When the businesses operate in a corporate umbrella, a number of business basics are presided by the results and practices of accounting. Accounting is the thing which helps the companies in tracking their income and expenditure and in establishing the correct picture of the entire financial status. Thus, the accounting helps the companies in running their operations in a smooth manner, which have legal, practical and ethical basis, and also helps in laying down the foundation stone towards the continues success and growth (Ray, 2018). However, the blunders of the recent past, particularly the scandals which took place in HealthSouth, Enron, WorldCom and Tyco are the examples where the role of accounting is misused and the ultimate loss is to be dealt by the stakeholders. The widespread failures in the financial reporting have been the key blame holder over the feeble internal controls. The investors lost their faith and the ultimate impact was seen on the stock market plummeting (Browning Weil, 2002). This discussion is focused on highlighting what exactly corporate governance is and the importance it holds. The role and the professional duties which have to be properly discharged by the accountants to maintain the good governance practices would also be highlighted, along with the lack of ethical behaviour of these individuals resulting in reporting failures. The discussion, before concluding, would highlight the manner in which the ethical issues impact the public interest. Corporate governance and its importance Corporate governance, as a term, can be defined from two perspectives, i.e., the narrow and the broad one. From the narrow perspective, corporate governance is related to the relationship present between the directors, varied stakeholders and corporate managers. When the broad perspective of corporate governance is looked at, it covers the combination of listing rules, voluntary private sector practices which allow the firm to attract capital, generate profit, meeting legal and societal expectations, perform efficiently, laws, and regulations (Gregory Simms, 2005). As per Okeahalam and Akinboade (2003), corporate governance refers to the public and private institutions which include accepted business practices, laws and regulations, which govern the relationship between entrepreneurs and corporate managers in market economy on one hand, and the ones who invest in the resources of the companies on the other hand. It is related to the creation of a balance in between the social and ec onomic objectives, and in between the community and individual objectives, where the use of resources is encouraged, accountability in using stewardship and powers, and aligning of the interests of the different stakeholders is undertaken. Corporate governance is a concept which is gaining a lot of attention, due to the events which transpired in the recent history. It is a mechanism through which the stakeholders of the company are able to exercise control on the corporate managers and are also able to provide an overall direction to the company, particularly in such a manner that the interests of the stakeholders are protected (Larcker Tayan, 2015). When such happens, the company is able to operate in a more responsible and profitable manner; the relations of the company are enhanced with the different stakeholder groups including suppliers, employees, policyholders, society at large, and most importantly, the shareholders; the company starts thinking long term; the quality of the executive and that of the non executive directors is improved, there is proper monitoring of executive management to protect the interest of the shareholders; and the informational needs of all of the stakeholders are properly fulfilled. I n this setting, the role of the accountant is the maintenance of equilibrium in between the different components of the system, for making certain that the accounting and the auditing tools play the requisite governance role, and that the good governance procedure pillars are properly placed (Tricker, 2015). Role and professional duties of accountants When it comes to the question on what exactly is done by the accountants, the reply is that they act as the independent auditors and the tax agents. The role which is performed by the accountants is often not understood properly and is also forgotten. The significance of the role of accountants in the business scenario in context of ensuring that the quality of financial reporting is upheld cannot be emphasized enough. The accountants often take centre stage in safeguarding the financial reportings integrity. The quality of financial reporting is to be defended by the professional accountants at the very source, where the figures and numbers are born. The accountants play a key role in making contributions towards the overall progress and the stability in society (Jeffrey, 2011). A competent account is deemed as an invaluable asset in the business and an inquiring mind is employed by the accountants to the work based on their knowledge of the financials of the company. They make use of their intimate understanding of the company and the skills, along with of the environment in which they operate. The accountants basically ask the challenging questions. They adopt an objective and a pragmatic approach for solving the problems. This becomes a very valuable asset for the management of any company. The accountants in the business helps in corporate strategy where the advice is provided and the businesses are helped in reducing the costs, in mitigating the risks and in improving the top line. The role of the accountants includes the one as the board directors, where they govern the organization in terms of the approval of annual budgets and the accounting to the stakeholders for the performance of the company. They also appoint the chief executive, along with dete rmining the compensation of the management. In their role as internal auditors, they provide independent assurance to the management regarding the risk management of the company, its internal control processes and the governance in an effective manner. As the chief financial officers, they have the oversight on all matters which relate to the financial health of the company. Included in this is the creation and driving of the strategic direction of the business to create, analyse and communicate the financial information (Jui Wong, 2013). The basic statutory duty of the accounts is to report to the shareholders on the annual accounts of the company being prepared in a proper manner, to give a true and fair view, and on the report of director being consistent with the accounts; and also of the variance in these (ECGI, 2018). In the multifaceted role of the accountants, it is their duty towards the public to protect their interest. This is due to the fact that the accountants are given the privileged position in the society and amongst the different roles given to the accountants; the theme continues to protect the public interest. This requires maintenance of high standards but also in helping the company to act in an ethical manner. The accountants would not be able to get the name of being the protectors where the public interest is not on them. In the very basic manner, the confidence in financial data, which the accountants produce, creates the roots of public value and trust. Accountants are also faced with compet ing demands which makes it crucial for them to balance these demands and perform their roles ethically. By following the ethical codes of accountants, these individuals are compelled to work in a manner where their duty of protecting public interest is met (Jui Wong, 2013). Lack of ethical behaviour of accountants The requirement for good corporate governance stems from the need of protecting and enhancing the value of shareholders, in meeting the obligations of the company to the employees and for securing the interests of the stakeholders present in the corporate environment. The main objective is to protect against such abuses which could result in financial crisis and corporate scandals which poses a threat to the corporate relations in the last decade. There is a lack of ethical behaviour in the accountants which results in the reporting failures (Plessis, Hargovan Harris, 2018). There are a number of reasons for the ethical lapses in the corporate scenario by the accountants. The first one is the self interest metamorphosing in selfishness and greed, where the focus shifts towards the short terms profit maximization in place of long term. There is also the stunted moral development on part of management and corporate officials, where the key purpose of the business becomes to earn more for the shareholders, thereby legitimizing any action which is undertaken to get to that objective. There are also such instances where the individuals equate the moral behaviour with the legal one, and disregard the fact certain actions are not unlawful but immoral. At times, the push to act in an unethical manner comes from the client where the demands of client wither the individual responsibility (Osisioma, 2013). Corporate reporting is deemed amongst the most significant functions which the companies need to take care of, and also require the adherence to higher code of ethical behaviour. This is particularly true for the public entities in which the reports of company helps in determining the decision of the shareholders in the financial instruments and financial decisions of the company. These statements help the users who are not in such a position where the entity could be required to form a report which suits the information requirements. These statements help the users in making rational credit decisions, investments and the other decisions. Even though the users of financial statements assume to be judicious in business, yet they do not have the full insight over the actual affairs of the company. This puts the reliance on financial reporting practices to make the decisions and judgments, making the role of accounts all the more important. The true and fair statements are taken as the foundation for the decisions and for promoting confidence in the financial reporting. However when unethical reporting is done, major issues are caused in the company, which even have an impact over the economy of the nation (Badshah, 2015). The misadventures and the corporate scandals which caused the global meltdown had far reaching and dramatic implications for the profession. To show the manner in which the reporting failures are caused due to the lack of ethical behaviour of the auditors and accountants can be further illustrated through the famous examples. WorldCom is famous for its accounting failure where the company, from the outside, looked like a strong leader. However, it was later on revealed that the company had been indulged in fraudulent reporting where it stated that it had earned a profit of $3 billion, when it reality it had incurred a $0.5 billion loss. The investigations revealed misstatements of $11 billion (Scharff, 2005). Focusing on the role of auditors and accountants played in this blunder, there was a lack of independence and also of the awareness of Board. The chairman of the audit committee, Max Bobbitt was Ebbers loyal. The members of the audit commit chose to ignore the fraudulent misstatements from 1999 to 2001. The committee, as per the estimates, oversaw $30 billion revenue generating company, which even after meeting for 3-6 hours annually did not raise any issue (Ashraf, 2011). There was a virtual non existence of accounting controls. The committee did not pay heed to the policies, internal controls or the audit programme of the company. Even when Arthur Andersen had defined the company as a maximum risk client, and had told the audit committee regarding the misapplication of the GAAP in case of some of the investments, nothing was done by the committee, which ultimately led to a clean and unqualified opinion being given by Arthur Andersen (Zekany, Braun, Warder, 2004). It is important t hat the committees fulfil their duties by overseeing the internal control structure of the company, and making certain that the company followed the laws, standards and the regulations (Romney Steinbart, 2008). There are a number of other corporate accounting scandals which explains the manner in which the lack of ethical behaviour amongst the auditors and accountants result in reporting failures. The waste management scandal of 1998 in which $1.7 billion were reported in fake earnings is an example. This had the company falsely increasing the time length of depreciation for the assets. The Enron scandal of 2001 is another example, where huge debts were kept off balance sheet and this resulted in the shareholders losing $74 billion, employees losing their job, and investors losing their retirement accounts. The Tyco scandal of 2002 saw stealing of %150 million and inflation of company income by $500 million. Another famous scandal which had a key role of the auditors of the company was Lehman Brothers scandal of 2008. And the recent one in Satyam where the revenue was falsely boosted by $1.5 billion is another scandal where the accountants failed to uphold their professional standards (Acco unting Degree, 2018). Enhancing public interest: ethical issues Leung and Cooper (2005) have highlighted that there are three ethical issues which play a crucial role in maintenance of ethical standards, i.e., the proposal of clients to evade tax, the proposal of the clients to manipulate the financial statements, and the presentation of the financial information in the manner that the users are not deceived. These are the key in enhancing the public interest when it comes to the financial reporting. Though, these issues have technicality in them as they are related to the matters of accounting and financial statement. These issues are deemed as ethical issues due to the conflict which the accountants are faced with in choosing between the needs of the clients and in protecting the public interest. The professional accountants are under an obligation to fulfil the wishes of their clients irrespective of their personal feelings. However, where ethics are not adopted when the accountants are faced with such ethical issues, the faith of the public i n the work of professional accountants would be lost. Further, this would make way for the blunders like WorldCom and Enron. As a result of providing their services to the business community and the general public, the professional accountants are required to conduct their business in a manner which can be best deemed as ethical. This is the reason why the codes have been developed, so that the members can deal with such issues. The greatest concerns of the professionals are in terms of the proposal of the client to evade tax and to manipulate the financial statements. This is the reason why in Australia, the majority of professional accounting bodies adopt Code of Ethics for Professional Accountants, which have been developed by the APESB, i.e., the Accounting Professional and Ethical Standards Board. These help the accountants in protecting from the different ethical dilemmas. Where these ethics are not followed and the work is done by the accountants for personal gain, in the long run, the professionals would be the ultimate losers. This makes it crucial to uphold the standards where the public is assured that the ethical decision would be undertaken; and where the proposals are made by the clients for evading tax, the same would not be followed. These become crucial also for the public to have faith on the financial reporting and to trust the reports created by the professionals. Not doing the same resul ts in incidents like WorldCom and Enron (Bazley, Hancock Robinson, 2014). This is where the role of corporate governance becomes more significant and takes the centre stage. The professional accountants are required to fulfil their roles in the manner where the work is done for the clients and general public and a balance is maintained. In such cases where the accountants are faced with ethical issues, there is a need to give supremacy to the needs of general public, in order to continue the faith in the accountants and their profession. This is the reason why the accountants identified the aforementioned ethical issues are the most significant one. The theme of corporate governance in terms of being honest and working with eternity is crucial for the accountants especially in such cases (Leung Cooper, 2005). Conclusion Thus, based on the discussion carried in the previous segments, it can be concluded that the corporate governance is a concept which holds a lot of significance in the role played by the accountants. The accountants are required to work with integrity and in an honest manner, so that a true and fair financial position is presented. This helps in maintaining the faith of the general public in the investments they make and also in the accounting professionals. Where the incidents like Enron, Satyam, WorldCom, or Lehman Brothers take place, the faith of the people in the accountants and in their profession are lost. This ultimately has an impact over the entire economy. Thus, the role played by accountants is very crucial and there is a high need for the accountants to be ethical in their work. For this purpose, the standards formed by the leading bodies of the nation have to be followed. The reason for putting so much focus of corporate governance on the accountants stems from their ro le and duties in maintenance of the good governance practices. Corporate governance, along with the ethics, helps the accountants in keeping true to their profession and also towards safeguarding the interests of the different stakeholders who put their faith in the accountants. 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