Essays Tagged: "Internal control"
Auditing - The Risk-Based Approach
red against whether or not they would lead to a material error, before considering the 'function of internal controls'. Next is Control risks were the 'system of internal controls' is assessed against ... ls' is assessed against the possability of preventing material error, or detecting it in time using internal controls. Last is Detection risk were the auditors procedures may fail to detect a material ...
Subjects: Businesss Research Papers > Accounting
Accounting Ethics Article Review.
for unethical accounting practices. CEO's and CFO's now must comply with: Management Assessment Of Internal Controls, which requires each annual report of an issuer to contain an "internal control re ...
Subjects: Businesss Research Papers > Accounting
Working Capital and Financial Environment Paper UPS VS. FedEx
financial regulatory bodies with the company, and the importance of control programs and effective internal control techniques to the selected organization.Working CapitalFedEx has a total working ca ... aluated the effectiveness of the design and operation of our disclosure controls and procedures and internal controls over financial reporting. Based upon, and as of the date of, the evaluation, our c ...
Subjects: Businesss Research Papers > Case Studies
Accounting and Financing For Managers
33.Purpose of Accounting Standards44.Statement of the Chief Executives and Directors65.Statement of Internal Control 86.Independent Auditors report97.Income and Expenditure Account 78.The Balance Shee ... t 169.Cash Flow Statement2110.Who Will Be Reading the Accounts?25AppendicesA.Pro Forma Statement on Internal Control27B.Notes 3 and 4, Income from Activities29C.Note 5.1, Operating Expenses 30D.Notes ...
Subjects: Businesss Research Papers > Accounting
Ethics Article Review
rity and ethical values of audit clients - audit planning, consideration of fraud, and reporting on internal controls" (Martin, 2007). Audit planning highlights the "tasks, checks, and balances" in pl ... within the organization. "Without a strong and healthy control environment, the other components of internal control hardly matter because no amount of control over physical or processing activities c ...
Subjects: Businesss Research Papers > Accounting
Ethics Article Review
ion and Visitors Bureau. "Without a strong and healthy control environment, the other components of internal control hardly matter because no amount of control over physical or processing activities c ... exhibit high integrity and ethical values" (Martin, 2007). From a financial reporting perspective, internal controls were put into place by the director to increase the accuracy of the accounting sta ...
Subjects: Businesss Research Papers
The Audit Process
ganisation by bringing a systematic and disciplined approach to evaluate and improve management and control.Objectives:Independent Review and Appraisal.Provide reassurance to management that agreed wo ... xtent of compliance with procedures,policies, regulations and legislation.Recommend improvements in control, performance and productivity.The auditor begins by establishing and understanding of the cu ...
Subjects: Businesss Research Papers > Management > Human Resource Management
Untitled
papers or research. If external they do not care about the papers and do other things. If they are internal they will do their paper really fast, since their desire comes from having the paper done. ... esent studies about procrastination. In these present studies they found out that the students with internal control expectancies would procrastinate more than those with external control expectancies ...
Subjects: Businesss Research Papers > Management
Influence and affect the Internet places on IT Security
any organizations will identify in their operation as needing protection as part of their system of internal control.The news is filled with articles concerning viruses, hackers, and online fraud alth ... ptable defends against online thieves (Filipek, 2006). Furthermore 66% upper IT management identify internal risks to be an up-and-coming threat to organizational security, at the same time 84% reveal ...
Subjects: Science Essays > Computer Science > Internet and networking
Risk management
DALLAS BAPTIST UNIVERSITYRISK MANAGEMENT- INTERNAL CONTROL PROSPECTIVERisk is the degree of probability that the possible outcomes of a partic ... red, reduced, accepted or avoided. Eliminating and managing risk can be achieved by having adequate internal control in place such as implementing or improving security controls and procedures this wi ... anagement has changed with the advent of ENRON fiasco. Due to the recent and numerous breakdowns in internal control which have resulted in financial losses as well as loss of public trust especially ...
Subjects: Businesss Research Papers > Management
KEY PERSONALITY DIFFERENCES THAT IMPACT ON PERFORMANCE
ance.Locus of ControlLocus of control is the perception of control over own fate that is likened to internal control (where own actions determine own fate) or external (where environmental conditions ... tions determine own fate). (Robbins, Millett, Cacioppe, Waters-March, 2004) Individuals with a high internal locus of control have better control of their behaviour and tend to exhibit more political ...
Subjects: Businesss Research Papers > Management > Human Resource Management
Ethics Artile Review
ing fraud. Keeping companies ethical benefits the stakeholders.The Act may create a new standard of internal controls applicable to all corporations, even in absence of legislation. The Act further sp ... ly the rules to private companies locally. Sarbenes-Oxley has broadened the role of auditors. While internal control has always been part of auditing, the new specific reporting requirements take thin ...
Subjects: Businesss Research Papers
Accounting Information Systems Simulation Paper
Internal controls are all measures taken by an organization for the purposes of protecting its resou ... all employees, managers and departments within the organization. The accounting system depends upon internal control procedures to ensure the reliability of accounting data. Many internal control proc ... ke use of accounting data in keeping track of assets and monitoring the performance of departments. Internal control is looked upon more and more as a solution to a variety of potential problems. The ...
Subjects: Businesss Research Papers > Accounting
Riordan Corporate Compliance Plan
overnance is recommended. The system should analyze alternatives and integrate them. Beginning with internal control and governance, a process of defining compliance steps and preventive solutions wil ... -compliance. "SOX section 404 requires companies to include a report by management on the company's internal control over financial reporting in their annual reports. The COSO of the Treadway Commissi ...
Subjects: Businesss Research Papers > Case Studies
Communication, Collaboration, And Conflict Management. Application to Tyco
ect of focus in the early decades of aggressive acquisition and growth enjoyed by Tyco. Worry about internal ethics had not gained the attention it has today. Quality of governance and internal review ... to review the standards and accepted guidelines of generally accepted auditing standards (GAAS) and internal financial tax reporting is certainly recommended. This is a good way to stay in compliance, ...
Subjects: Businesss Research Papers > Management
Internal Cash Control
Internal cash control is very important to any business. Without effective methods in place to ensur ... within Idaho Company one could find some major weaknesses. The first of these weaknesses with their internal control over cash disbursements would be the checks they use to make payments. These checks ... ayments. These checks are not pre-numbered and they are kept in an unlocked file cabinet. To ensure internal control over disbursement of cash a company must have pre-numbered checks for record keepin ...
Subjects: Businesss Research Papers > Accounting
Audit Expectation Gap
others assertion, they have to carry out their own audit procedures;Auditors must test the clients' internal control system thoroughly before they place trust on it.Auditors must review the competence ... tem thoroughly before they place trust on it.Auditors must review the competence and consistency of internal control system and report all noteworthy deficiencies in the function of the internal contr ...
Subjects: Businesss Research Papers > Accounting
Perceived Threats of Computerized Accounting Information System and Provides Suggestions on How to Prevent the Occurrence of these Potential Dangers
caution from the operation of the organization. However, proper selection of software, execution of internal control and other precaution measures may help relieve from the threats.IntroductionWith ra ... cant threat to the organization after the accounting information system has been computerized. Both internal personnel and the top management may commit fraud in different ways. For instance, the most ...
Subjects: Businesss Research Papers > Accounting
Corporate Governance Benchmark
this paper, comparisons in strategy, and contrasting courses of action that have taken place.Enron: Internal control and management procedures that support effective reporting"Internal controls and th ... t of Enron's collapse was thousands of investors losing their savings.McBride needs to have a sound internal control in place. The process should facilitate responsibility and accountability for inter ...
Subjects: Businesss Research Papers > Management > Human Resource Management
Code of Conduct and Ethics ReportACT 375
, avoiding and reporting acts of bribery. Adherence of such conduct is contributed with and a solid internal control mechanism and business plan that is embedded into the culture of the organization. ... intranet known as the BV Portal. The company's code of ethics includes the organizations manual of internal policies and procedures with respect to internal control, independence and social practices ...
Subjects: Businesss Research Papers > Accounting