Thursday, June 25, 2020

Why You Should Eat Organic Food - Free Essay Example

These days Organic Whole Food is growing in popularly with many brands including Targets Simply Balanced and Safeways O Organic, makes you wonder is it really worth it? There are many ways to Organic Food is more beneficial for you. It is good for your health, the environment, and animals. The food that is labeled USDA Organic shows that food or other agricultural product has been created through approved methods. The U.S. Department of Agricultural website article says that These methods integrate cultural, biological, and mechanical practices that foster cycling of resources, promote ecological balance, and conserve biodiversity. Synthetic fertilizers, sewage sludge, irradiation, and genetic engineering are prohibited in the production of organic food. Organic food bans genetically modified organisms in their seeds and they also cannot feed their organic animals GMO feed. Anything in the organic production must be 100% non GMO. The animals also must go under specific regulations to be labeled USDA organic, including living conditions and what they are fed. For example chickens are free range unlike industrial companies that dont follow these standards. Growth Hormones and Antibiotics are prohibited this is good because eating antibiotics in food can reduce the effect of them for when you really need them. And this way they can be raised how they naturally should be. The standards for organic multi ingredient food must not include any artificial preservatives,flavors, or colors. You should eat organic food because it is better for your health, the environment, its non GMO, and they take better of their animals. These organic standards create healthy food with less artificial toxic chemicals. Many inorganic food is full of gmo which is scientifically proven to be harmful, while organic eliminates that completely from their food according to required labeling standards. Since Organics are guaranteed to leave out toxic pesticides out of food that are made to kill makes them more safe. Organic maintains healthy rich soil because they dont use extremely toxic fertilizers, this way the living organisms that help the plants grow make the nutrient rich soil. This causes the food to often be more nutrient rich from the healthy, rich, organic dirt, and if the dirt is healthy that makes it unnecessary for the use of fertilizers. Organic food also supports the pollinators, while avoiding herbicides and pesticides which kill the bad and good insects including bees! The farming practices use healthy growing methods to maintain very necessary level of biodiversity. It is very necessary to maintain this because bees are very important they pollinate so many crops including Apples, Almonds, Blueberries, Cherries, Avocados, Cucumbers, Onions, Grapefruit, and Oranges. This is vital because 90% of orange production is dependent on honeybee pollination. Non organic food is produced with herbicides and pesticides that threaten honeybees. Another great thing about organic food is that it typically isnt monocropped. Non organic farmers plant crops in the same place every year. Supporters of this claim say that it is more of a profitable way, because they only need to buy the machinery and tools to support that crop. Although it is a profitable way to farm, the opposing side states that it is very harmful to the environment. It is harmful because planting the same crop in the same spot over and over again takes away the nutrients from the soil, because of this it causes the soil to be very weak. And when the soil becomes very weak this encourages farmers to use synthetic fertilizers to increase plant growth and fruit production. If Organic farming methods are used monocropping can be avoided all together. Along with that organic food is full of more nutrients and antioxidants. A study from the researchers at Newcastle University said that organic fruits, vegetables and cereals contain significantly higher concentrations of antioxidants than conventionally grown crops. They added that organic produce and cereals were found to have lower levels of toxic metals and pesticides. The researchers studied 340 international, peer-reviewed studies that looked at the differences between organic and conventional crops. They found that 19 to 69 percent higher and higher amounts of conventionally grown crops and some antioxidant compounds. Many of these antioxidant compounds have previously been linked to a reduced risk of chronic diseases, including [cardiovascular] and neurodegenerative diseases and certain cancers, in dietary intervention and epidemiological studies, the paper reads. This is an important quote because it discusses why it is important to eat organic foods. If you buy certified USDA organic food they must also be 100% non GMO. Currently there is the debate of the safety of GMOs. The USDA presently presently allows GMOs in our food without testing it as they do other substances and drugs. Since GMOs are not technically require it to be tested as the same way as drugs. GMOs create their own pesticides, supporters of the GMO say that the pesticides created by GMOs are saying that the pesticides are passed through the digestion with no harm. Other studies from 2012 Chinese study and UK study disagree. They found that the genes that were in the roundup ready chemical were found in these women and fetuses they think that it was from the animals that have been fed GM corn. These studies have shown that these studies have shown that real people were damaged by this, . claim that There has not been any clinical trials on humans. Theres This includes prohibiting farmers to plant crops using non genetically modified seeds, and organic cows cant ea t GMO alfalfa, or corn. And multi ingredient food like soup and cereal must use all non genetically modified organic ingredients in the recipe. Since USDA organic food cant use any gmo ingredients in their food it makes it less harmful and more healthy. Studies show that Gluten disorders are linked to GMOs that affect 18 million Americans. A study released by the Institute for Responsible Technology (IRT), and uses data from the U.S. department of agriculture, U.S. Environmental Protection Agency, Medical Journal reviews as well as other included independent research. The authors relate GM to five things that may trigger related disorders. The disorders that are affected include autoimmune disorder , celiac disease: for example the effects this can have is intestinal permeability, imbalanced gut bacteria, immune activation or allergic response, impaired digestion and damage of the intestinal wall. These conditions are clearly very harmful to your body and GMO may be the cause of exacerbate gluten related disorders. Avoiding GMOs can make it more possible to be less harmful to your body. GMOs have only been around for about twenty years and no one is for sure if they are completely safe for consumption or the environment, in fact many studies show that they are more damaging to you, animals, and the environment than helpful. For example GMO organisms have contaminated existing seeds, since they have altered DNA material this passes on modified traits to non-target species, when this happens it causes a new strain to be created, creating something was never planned or intended in the lab. A study in North Dakota shows that 80% of the wild canola plants that were tested contained at least one of the transgenes. This isnt good because this means we are losing the amount of original non genetically modified food. In Japan, they had modified a bacteria formed a new kind of amino acid that was unnatural and could not be found in nature normally. This new modified bacteria (new amino acid) was used in protein drinks. Before this was recalled this newly modified bacteria caused very severe metabolic and mental damage to hundreds along with several deaths. After these awful things took place Japan ended up banning GMOs. There are also countries the have bans or restrictions on GMOs too including New Zealand,Austria, Hungary, Greece, Bulgaria and Luxembourg. While the United States is still supporting GMOs and Hawaii is now having gmo guavas. Along with that GMOs have been proven to be harmful in killing monarch butterflies when milkweed their favorite food was cross-pollinated with Bt corn which became toxic to endangered species. If GMO crops are killing other animals like monarch butterflies, what makes it ok for us to eat genetically modified organisms? GMOs have also not yet proven safe. There have also been studies showing that rats that ate genetically modified potatoes showed signs of chronic wasting disease, chronic wasting CWD is typified by chronic weight loss leading to death. And female rats that were fed herbicide-resistant soybean diet gave birth to sterile stunted pups. Greater than 80% of genetically modified crops around the world have been made to deal with herbicides and resist them also known as roundup ready. After the crops are engineered they use toxic herbicides such as roundup, the Health Organization determined that the herbicide glyphosate (the key ingredient in Roundup? ®) is probably carcinogenic to humans. If this is true it means that carcinogens can lead to cancer from the substances and exposures of GMOs. Genetically modified crops also cause superweeds and superbugs, which can only be killed with even more toxic poisons like 2,4-D this is a major ingredient in Agent Orange. Using toxic poisons and chemicals like this is very harmful to the environment. And along with that many of the crops are lost and damaged costing millions, this isnt good economically either. Organic farming have way higher animal care/ wellbeing standards. The requirements including living conditions, food quality, transportation, and slaughter. Many others farming methods including like the non organic farming methods dont have as many regulations on how much they should be outdoors. While organic cows by law must must be at the pasture whenever the weather conditions let them. On a average typically the cows spend 200-250 spend their days outdoors. Also they must be have 60% of their food to come from forage or (grass fed), this is good because it gives them a diet that they are naturally exposed to be fed. This is good because this usda standard makes it so organic cows cant spend their whole lives living indoors. Also when the cows do need to be inside they are made to have good quality housing. Raising organic cows are much more sustainable. And yes, products like organic milk are generally more expensive, about three dollars more. But you are supporting companies that take care of their animals and give them more natural lives. Routine antibiotic use is banned in organic production, this is important because the overuse of antibiotics can stop working or lose their effectiveness for both humans and animals. The organic cows also live longer and happier lives, for example At Yeo Valley, a 13-year-old cow called Philbert is still very much part of the milking herd. Like all sustainable farms, it operates a nose-to-tail philosophy. Once Philbert is no longer milked, she will be left to graze and eventually used for meat. This is better for the cows so they can get bigger naturally and through their lives instead of using the artificial growth hormones to make them fat quickly, so they can kill them when they are much younger. This is what the non organic farms do. Organic milk is more expensive but their cows produce one third less of their milk than conventionally non organic cost do. Although this is the case, organic milk still does contain 50 percent more omega-3 fatty acids, these omega 3-fatty acids help provide protection against dementia in humans and also cardiovascular diseases. It is worth the price to buy organic milk and beef products, because the animals have better living conditions, they eat more of a grass fed diet and have less antibiotics in them. Along with animals getting treated well, organic chickens are also treated better. They must be fed with Fed chicken feed that is 100% usda organic which may be supplemented with appropriate trace minerals and vitamins. Also the other usda standards require the chickens to have year round outdoor access as well. The usda organic also has a list of prohibited substances that includes no added growth hormones, antibiotics, avian or mammalian byproducts, and more. Most organic eggs are cage free while non organic are typically not. Chickens that are grown organic typically have better diets including letting them forage, since they have mineral and vitamin rich food and more of a variety of food, this causes the chicken and the eggs to be more nutrient rich and higher quality. With organic chicken, these potential threats are minimized. Since organic chicken doesnt use antibiotics and trace amounts of pesticides, that non organic raised poultry can include, this helps minimize the linke d threats and risks of some cancers, early puberty and other health conditions in people. You may be thinking how am I going to afford all of this organic food? Organic food is too expensive and so on and so forth. Well there are solutions for example you can find discounted organic food, have your own chicken coop to have your own cage free organic chickens, you could also consider having a greenhouse or garden, and keep in mind the dirty dozen and the clean fifteen. The dirty dozen is a list of the highest pesticide residues and the clean 15 is the fifteen items that you can buy non organic that are least sprayed with chemicals, a lot of the clean fifteen is protected by the peels of the fruits and vegetables. Some of the examples of the dirty dozen include strawberries, spinach, nectarines, apples, peaches, pears, celery, tomatoes, and sweet bell pepper, all of these foods are important to buy organic because they have the highest pesticide residues on them. The food with the lowest pesticide residues also known as the clean fifteen include Avocados, Sweet Corn, Pineapple, Onions, and Mangoes are to be bought non organic if you must, although they still use non GMOs, they still have far less chemical pesticide residue. In conclusion organic food You should eat organic food because it is better for your health, the environment, its non GMO, and they take better care of their animals. There is so much evidence concluding to this, evidence including how the organic animals lives are vs. Conventionally raised animals. The lives are better because of what they eat and how they get to go outside way more. Unlike conventionally raised animals that are cooped up in facilities. Also as discussed since the organic products must be non GMO and have prohibited pesticides and herbicides this makes the food so much more healthy. It is more healthy because it has more antioxidants. Although organic food is more expensive there is still good reasons why you should pay the extra dollars, buying organic food is supporting a good cause. At the end of the day the pro definitely outway the cons, because theyre are more pros of eating organic food than cons. And that is why you should eat organic food. Works Cited McEvoy, Miles. Organic 101: What the USDA Organic Label Means. USDA, Https://Www.usda.gov/, 22 Mar. 2012, www.usda.gov/media/blog/2012/03/22/organic-101-what-usda-organic-label-means. Harrison, Jeffrey. 11 Reasons Why Organic Food Is Better for You the Planet. Natures Path, ? © 2018 Natures Path Foods. All Rights Reserved, 23 Aug. 2018, www.naturespath.com/en-us/blog/11-reasons-why-organic-food-is-better-for-you-the-planet/. The Daily Meal. 10 Crops That Would Disappear without Bees. Foxnews.com, ? ©2018 FOX News Network, LLC. All Rights Reserved. , 19 July 2012, www.foxnews.com/food-drink/10-crops-that-would-disappear-without-bees. Patterson, Susan. What Is Monocropping: Disadvantages Of Monoculture In Gardening. Gardening Know How, ? © 2018 Gardening Know How, 4 May 2018, www.gardeningknowhow.com/plant-problems/environmental/monoculture-gardening.htm. Myers, Amy. A Doctors Top 4 Reasons To Eat Organic. Mindbodygreen, Mindbodygreen, 4 Aug. 2014, www.mindbodygreen.com/0-14763/a-doctors-top-4-reasons-to-eat-organic.html. Urban, Shilo. 8 Reasons GMOs Are Bad for You. Organic Authority, ? © 2018 All Rights Reserved by Organic Authority, Inc, 24 Aug. 2010, www.organicauthority.com/buzz-news/eight-reasons-gmos-are-bad-for-you. Axe, Josh, and Jeffrey Smith. GMO Side Effects with Jeffrey Smith. YouTube, YouTube, 12 Jan. 2017, youtu.be/uwX2xTf9i-I. Lizzie Rivera @LizzieRivs. Why Dairy Is a Good Place to Start with Organic Food. The Independent, Independent Digital News and Media, 2 Sept. 2017, www.independent.co.uk/indy-eats/why-dairy-is-a-good-place-to-start-with-organic-food-a7911056.html. CHiKPURE?„- USDA Organic Chicken Standards CHiKPURE?„- Organic Protein Powder. CHiKPURE?„- , CHiKPURE?„- , 29 July 2017, www.chikpure.com/usda-organic-chicken-standards/. Riemenschneider, Pamela. 2018 ?Dirty Dozen and ?Clean 15 Lists Released. Produce Retailer, Copyright ? © 2018 Farm Journal The Packer, 10 Apr. 2018, www.produceretailer.com/article/news-article/2018-dirty-dozen-and-clean-15-lists-released.

Sunday, May 24, 2020

Essay on Music Therarpy - 488 Words

Music therapy is the prescribed use of music and musical interventions in order to restore, maintain, and improve emotional, physical, physiological, and spiritual health as well as a person’s well being. Music Therapy facilitates the creative process of moving toward wholeness in the physical, emotional, mental, and spiritual self in areas such as: independence, freedom to change, adaptability, balance and integration. The implementation of Music Therapy involves interactions of the therapist, client and music. These interactions initiate and sustain musical and non-musical change that may or may not be observable. As the musical elements of rhythm, melody and harmony are elaborated across time, the therapist and client can develop†¦show more content†¦Its so effective that music therapy is reimbursable under certain conditions of Medicare. One study done by six major universities found that teaching healthy elderly people to play instruments decreased their anxiety, loneliness, and depression. In hospitals, anxious patients often have elevated blood pressure, heartbeat, and respiratory rates, placing them at greater risk for complications. For an anxious patient, music can have a comparable effect as taking five milligrams of Valium. When music plays in the operating room, Dr. Schwartz says, â€Å"Anesthesia requirements drop from 10 to 20 percent.† As a part of the cable TV system, music can be accessed anywhere in the complex, including operating rooms, labor and delivery, the cardiac intensive care unit, and the nursery, all ranging from classical to gospel. Studies showed that premature babies in intensive care who were exposed to music were calmer and used oxygen more efficiently. The babies also gained weight faster and required shorter periods of hospitalization than babies who didnt listen to music. Burn victims, and patients undergoing treatment for cancer, brain disorders, and kidney dialysis reported less discomfort when music was played during painful procedures. Patients who awoke to music playing after surgery required less pain medication and could wait longer for their analgesic

Thursday, May 14, 2020

PG Ldl Case - 5558 Words

Procter Gamble Company (A) In November 1981, Mr. Chris Wright, Associate Advertising Manager of the Packaged Soap Detergent Division (PSD) of the Procter Gamble Co. (PG) was evaluating how the division could increase volume of its light-duty liquid detergents (LDLs). 1 The excellent growth of Dawn dishwashing liquid since its national introduction in 1976 meant that PG now manufactured and sold three leading LDL brands, holding a 42% share (by weight) of the industry’s $850 million in factory sales. Based on input from the three LDL brand managers who reported to him, as well as his own knowledge of the LDL category, Wright believed there were three major opportunities for volume growth: (1) the introduction of a new brand, (2) a†¦show more content†¦This information was key in helping the brand groups to recommend action which would maximize volume and profit growth. Advertising services department. Within the department, there were nine staff groups which serviced the advertising department . These were market research, art and package design, TV commercial production, media, copy services, field advertising, marketing systems and computer services, promotion and marketing services, and advertising personnel. PSD market research included the following: 1. Market analysis, including bimonthly syndicated market data that PG purchased from A.C. Nielsen Co., as well as selected data purchased from Nielsen, Selling Areas Marketing, Inc. (SAMI) and other suppliers for test markets. 2. Consumer research, including studies to: a. monitor how consumers used products and track consumer usage of, attitude towards, and image of PG and competitive brands; b. test the performance of current products and possible product modifications under in-home usage conditions; and c. evaluate the advertising, packaging, promotion and pricing of PG brands; also, to evaluate the potential of new-product ideas, using such techniques as concept research and simulated test markets. Light-Duty Liquid Detergents During the 1940s, most U.S. consumers used powdered laundry detergents to wash their dishes. Research indicated, however, that consumers foundShow MoreRelatedThe Light Duty Liquid Detergents (Ldl) Market1428 Words   |  6 PagesI. Executive Summary Chris Wright, associate advertising manager of Packaged Soaps and Detergents (PSD) division at Procter and Gamble (PG) needs to evaluate how to increase the volume of its light duty liquid (LDLs). 3 alternatives for volume growth are considered for analysis based on the market segment (price/ performance/ mildness): (1) introduction of a new brand, (2) product improvement of an existing brand and/or (3) increased marketing expenditures on existing brands. Ultimately he mustRead MorePG, Light Duty Liquid Detergents2257 Words   |  10 Pagesi)Budget Allocation: The LDL managers of Ivory Liquid, Dawn, and Joy spend about half of their marketing budget in advertising and with a lower share on promotion. This is different from the strategy of Colgate Lever, who spends a higher percentage on promotion. The marketing budget for H-80 is $60 million for the first year, which includes $18 million on advertising, $37 million on promotion, and $5 million of miscellaneous marketing expenses. ii)Scheduling of LDL Promotional Events: TheRead MorePG, Light Duty Liquid Detergents2266 Words   |  10 Pagesi)Budget Allocation: The LDL managers of Ivory Liquid, Dawn, and Joy spend about half of their marketing budget in advertising and with a lower share on promotion. This is different from the strategy of Colgate Lever, who spends a higher percentage on promotion. The marketing budget for H-80 is $60 million for the first year, which includes $18 million on advertising, $37 million on promotion, and $5 million of miscellaneous marketing expenses. ii)Scheduling of LDL Promotional Events: TheRead MoreCase Study About Procter and Gamble Company1228 Words   |  5 PagesProcter and Gamble Company Case Analysis This case study analysis focused on Procter and Gamble Company’s marketing plans and strategic options on its light-duty liquid brands (LDL). Procter amp; Gamble is the world’s largest producer of household and hygiene products. By 1981 Pamp;G operated in 26 countries and sales totaled $11.4 billion with 90 consumer and industrial products manufactured in the United States. The case study provided some very detailed data analysis and reports in terms ofRead MoreAssignment 1 Procter and Gamble Company Case2245 Words   |  9 PagesAssignment 1: Procter Gamble Company (A) Case Analysis (Submitted in fulfillment of the assignments for Marketing Management) Indian Institute of Foreign Trade, Delhi Table of Contents Assignment ..................................................................................4 Executive Summary .....................................................................4 2.Analysis ......................................................................................6 Recommendations ......Read MoreA Brief Note On Patients With Coronary Heart Disease : How Do Statins Work And Why Are They Considered1441 Words   |  6 Pages2009). The CHD is the most common cause of ischemia and the major complications of CHD are: Angina and Heart Attack (Myocardial Infarction). 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Nutrition is a key component to reversing type 2 diabetes, and one way to reduce the risks associated with typeRead MoreNutrical Case study Essay1674 Words   |  7 PagesNF100 Case #1 Profile: Patient: Female Age: 52 years old Height: 5’6 Weight 200 lbs Activity level: Sedentary Blood pressure: 130/80 LDL cholesterol: 190 mg/dl HDL cholesterol: 30 mg/dl Case history: This patient is concerned about her risk for colon cancer. Her father had colon cancer and she is consulting you to design a diet that would reduce her risk for this disease. 1. What is her BMI? (Show your calculation—4pts) What is the significance of her BMI? (3 pts) Is thereRead MoreLipoprotein A Essay9440 Words   |  38 PagesIntroduction Lipoprotein A was first discovered in humans by Kare Berg in 1963 whilst a study of variation in LDL antigenicity. The Human gene encoding lipoprotein(a) was cloned in the year 1987(1). Lipoprotein A Structure Lipoprotein A has a similar structure to the LDL molecule with the addition of a covalently bound specific apolipoprotein A (2). Apolipoprotein(A) is a homologue of plasminogen and contains several copies of KRINGLE 4 plasminogen, a single copy of KRINGLE 5 plasminogen and anRead MoreIn Our Current Society, So Many People Struggle With Being1801 Words   |  8 Pageslipoproteins (HDL) and low-density lipoproteins (LDL) levels. At the end of the study, the people that were on the paleo diet were seen to have a larger decrease in physical attributes such as weight, BMI, and waist circumference as well as higher HDL levels, which is known as the â€Å"good† cholesterol. A smaller study was done alongside the main study on a group of non-obese participants, where, in contrast, no weight loss was observed (Tarantino, G., Citro, V., Finelli, C., 2015). Another study

Wednesday, May 6, 2020

Sample Essay Victoria s Reflection - 943 Words

Victoria’s Reflection Observation- At Centennial Elementary school Mrs. Madrigal was giving a composition lesson that focused on summarizing. During academics on Tuesday, March 15th, 2016 at 5 o’clock the lesson on summarizing was given to first graders. The lesson was introduced by the teacher in a fun and exciting way. The teacher asked who has played football or if the students have a favorite team. Some students mentioned the teams their parents liked and others didn’t know anything about football. Then, the teacher handed out a worksheet that had the word â€Å"Football† in bold and larger text in the top middle section of the page. The top half of the worksheet had two sections, to its left it had a paragraph that consisted of nine sentences and to the right, a picture of a football player about to throw the football and someone covering him and another person from the opposite team trying to stop him. As the teacher read the short paragraph, the students read along with her. 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Advantages of Multicultural Labor Force - 786 Words

Multicultural Advantages There are a number of palpable advantages to having a multicultural labor force that is the product of a multicultural society. One of the foremost of these boons would be the degree of tolerance that would be inherently placed within such a society, particularly when it is reinforced by practical, daily examples of people of varying ethnicities and religious backgrounds working (effectively, in an ideal situation) together. Such examples may very well play a part in the reduction of bigotry and in conventional prejudice that is typically associated with differences in race and culture. This propensity to promote equality among differing people based upon a work experience that mirrors a multicultural society, such as that which may be found in several places of the United States and includes groups of African Americans, Chinese Americans, Japanese Americans, Native Americans, Puerto Ricans and Mexican Americans, may be based on a number of factors that includes rank and position wit hin work environments, and a similar equality among different ethnicities found there. In some instances, multicultural education may be necessary for tolerance (Fuhr 1996, 11). 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Audit Planning is an Iterative and Continual Process

Question: Write an essay on Audit planning. Answer: Audit planning is an iterative and continual process that encompasses devising a comprehensive audit strategy for the engagement and analysing the various risks and planning the risk management procedures (Public Company Accounting Oversight Board, 2016). The nature and process of audit planning are closely related to the functionality and complexity of the organisation under consideration. In this report, an audit plan has been drafted for Woolworths Limited, an Oceania-based retail chain and Qantas Airways Limited, an Australian airline. Woolworths Limited manages some of the Australias most trusted retail brands. It offers a range of portfolio including apparel, food and drinks, petrol, home solutions, hotels and financial services (Woolworths Limited, 2016). The Australian retail industry is primarily affected by macroeconomic factors and consumers' willingness to pay. Low-interest rates along with modest GDP growth have positively affected the disposable income and expenditure of the consumers (Ferrier Hodgson and Azurium, 2015). On the other hand, the rise in unemployment and rapid decline of AUD is taking a toll on the retail sector margins. The coalition government has imposed a hefty tax burden to tackle the national deficits and it has also withdrawn government subsidies from various industries. The online retail space in Australia is booming at a faster pace compared to the overall retail industry. In spite of the geographic isolation of the Oceania region and the bullish view towards local brands, foreign r etailers have shown interest in the Australian retail space and this has increased competition. GAP, HM, Costco, Zara, Top shop and many others have stepped in and challenged the local retailers for market share. The technological advances in the consumer purchase cycle have the capability to reshape the industrial and competitive landscape further as omni-channel retailing is becoming more and more relevant in the retail industry. Inherent risk Justification Assertion and ledger account(s) impacted Audit procedure/task Operational risk The KPIs got affected due to the alliance between Woolworths and Caltex, the reducing average fuel sales price and not-so-promising trading figures in food and liquor and general merchandise in Australia. Sales revenue decreased by 0.2%. The cost of Doing Business (CODB) going up by 42 bps due to dip in sales growth resulted from the Woolworths-Caltex alliance (Woolworths Limited, 2015). Analytical procedures and inspection of records and assets(Association of Chartered Certified Accountants, 2016) Market risk The company is facing increasing competition from incumbent rivals and new entrants in the retail industry. Dilution or damage of Woolworth's brands, global economic disruption, and failure to effectively hedge against adverse fluctuations in the exchange rates or interest rates pose a significant risk. The Existence and Valuation assertions are impacted. Fluctuations in profitability indices can be a suitable KPI for this risk. Observation of market trends and competitive retail landscape, recalculation and re-performance of the brands Strategic risk Woolworths' retail chains may be negatively influenced if the customer demands are not properly met by customer value proposition. This could also impact results from future growth prospects and operations. Also, the profit margins may be compromised if Woolworths go for acquisition or divestment activities and face unforeseen liabilities from these activities The Existence and Valuation assertions are impacted. Fluctuations in profitability indices can be a suitable KPI for this risk. Observation of technological trends and competitive retail landscape, recalculation and re-performance of the brands An analytical review of the annual report of Woolworths suggests that the alliance with Caltex has negatively affected the company's profitability indices. Also, the company is planning to return 72% of its net profit to the company's shareholders in the form of $1.8 billion as dividends. This implies that the company is not having additional expansion or consolidation projects in mind and hence it does not require cash in hand. The company has been struggling in Australian supermarkets and this is due to the increased competition and price wars although the company stood firm in keeping its rates fixed when faced with the challenges.antas Airways Limited is the largest airline in Australia regarding fleet size, international flights as well as destinations (Qantas Airways Limited, 2016). The airline has performed strongly in 2014-15 since coming back from the global economic crisis in 2009. Qantas have consolidated their leverage ratio by reducing debts in 2014-15. It has also incre ased liquidity aspects and group-wide return on invested capital (ROIC) to 16% (Qantas Airways Limited, 2015). Inherent risk Justification Assertion and ledger account(s) impacted Audit procedure/task Liquidity risk Liquidity risk is the risk that Qantas may encounter in coping up with obligations related to financial liabilities. The Qantas Group proposes to manage this risk by fixing minimum liquidity level as objective. This ensures long-term obligations achieved in relation to forecasting present cash inflows, maintaining access to multiple additional sources of funding that include standby facilities and commercial paper, and managing maturity profiles. Cash flow statements will undergo fluctuations due to debt retirements or acquiring new shares through stock purchases in open market transactions. Analytical procedures and inspection of records and assets Market risk The company faces risk from the areas of market fuel price, foreign exchange and interest rate. Interest rate risk refers to the risk pertaining to the future cash flows of a financial instrument due to fluctuations in interest rate in the market. This will also fluctuate due to change in foreign currency exchange rates which are quite relevant to Qantas' international operations. Change in Aviation Turbine Fuel (ATF) costs will also affect the profitability of the company. The Existence and Valuation assertions are impacted. Qantas group has assets and liabilities in various currencies and exchange rate fluctuations will hamper the balance sheet. Observation of market trends and competitive retail landscape, recalculation and re- performance of the brands Credit risk Credit risk is the projected loss from an account transaction when the counterparty defaults during the period of the transaction or on settlement of the account. In this context, the cost to replace existing operations, when counterparty defaults, is known as credit exposure. Transactions through trade-debtor counterparties and other financial asset counterparties Analytical procedures and inspection of records and assets As per the systematic review, the Qantas group follows a financial framework with particular objectives. It aims to maintain an optimal capital structure by minimising the weighted average cost of capital. The company has achieved this by reducing $1 million debt in 2014-15 but keeping the same capital structure with increasing cost of operations and international expansion can pose a significant challenge. References Association of Chartered Certified Accountants, 2016. Audit procedures. [Online] Available at: https://www.accaglobal.com/gb/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/technical-articles/audit-procedures.html [Accessed 23 May 2016]. Ferrier Hodgson and Azurium, 2015. Australian Retail 2015: Welcome to the Hunger Games!, s.l.: s.n. Public Company Accounting Oversight Board, 2016. Auditing Standard No. 9. [Online] Available at: https://pcaobus.org/Standards/Auditing/Pages/Auditing_Standard_9.aspx [Accessed 22 May 2016]. Qantas Airways Limited, 2015. Qantas Annual Report 2015, s.l.: Qantas Airways Limited. Qantas Airways Limited, 2016. Traffic Capacity Statistics. [Online] Available at: https://investor.qantas.com/investors/?page=traffic-and-capacity-statistics [Accessed 23 May 2016]. Woolworths Limited, 2015. Annual Report 2015, s.l.: Woolworths Limited. Woolworths Limited, 2016. Brands of Woolworths. [Online] Available at: https://www.woolworthslimited.com.au/page/Who_We_Are/Our_Brands/ [Accessed 22 May 2016].