Internal Controls for Local Government A Training Presentation for City of Tampa’s Leaders Training Objectives What you should know after this class: • • • • • Types of risk Who commits fraud and why Internal controls - who needs them 5 internal control components What you can do! 2 What are Internal Controls? To put it simply‚ internal controls are an exercise of common sense. You are practicing good internal controls when you? • Balance your checkbook • Keep your ATM/debit card
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and the way these choices respond to incentives‚ interact‚ and are influenced by government. Microeconomics involves the analysis of how consumers make decisions about what to consume‚ how firms decide what and how much to produce‚ and how the interactions of consumers and firms determine how much of a good will be sold‚ and at what price. Many interesting questions can be approached by applying the methodology developed. For example‚ how will a cut in price of V3 Motorola hand - phone affect the
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Mario Renteria Mrs. Weathers Chem 04a 27 Jan‚ 2012 Lab Report Introduction: A popular technique in separating components of a mixture is paper chromatography. We use paper chromatography to separate mixtures and isolate there components to collect them individually. In this experiment‚ we will use acid- base indicators to help determine the unknown mixture. Acid- base indicators will change in color when the presence of pHs rise and fall when acids or bases are added to a solution. After setting
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prepared by the concerned Executing Agencies. The concerned Technical Section in consultation with other technical sections i.e; Physical Planning & Housing‚ Manpower‚ Governance and Environment sections undertake the technical appraisal‚ wherever necessary. This covers engineering‚ commercial‚ organizational and managerial aspects‚ while the Economic Appraisal Section carries out the pre-sanction appraisal of the development projects from the financial and economic points of view. Economic appraisal
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Skembi Homework5 Internal Control Audit Standards a. For what purposes should an auditors’ understanding of the internal control components be used in planning an audit? An auditors’ understanding of the internal control components should be used for 3 reasons: a) To identify the potential misstatement that might occurs b) To identify the factors that affect the risk of material misstatement c) To influence the design of substantive procedures b. What is required for an
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In accounting and auditing‚internal control is defined as a process effected by an organization’s structure‚ work and authority flows‚ people and management information systems‚ designed to help the organization accomplish specific goals or objectives.[1] It is a means by which an organization’s resources are directed‚ monitored‚ and measured. It plays an important role in preventing and detecting fraud and protecting the organization’s resources‚ both physical (e.g.‚ machinery and property) and
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Bridgeton Industries: Automotive Component & Fabrication Plant DESCRIPTION. The Automotive Component & Fabrication Plant (ACF) was a major supplier of components for the domestic automotive industry‚ the original plant site for Bridgeton Industries. ACF was a long-term business since the early 1900s. The market of ACT’s production was growing and dominated by U.S. automobile manufacturers‚ ACF faced less competition pressure because most competitions from local suppliers and other Bridgeton plants
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functions have certain basic characteristics that permit transient and steady-state analyses of the feedback-controlled system. Five factors of prime importance in feedback-control systems are stability‚ the existence and magnitude of the steady-state error‚ controllability‚ observability‚ and parameter sensitivity. The stability characteristic of a linear time-invariant system is determined from the system’s characteristic equation. Routh’s stability criterion provides a means for determining stability
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09882243490 Master of Business Administration- MBA Semester 3 MF0013–Internal Audit & Control-4 Credits (Book ID: 1733) Assignment (60 Marks) Note: Answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60. Q1. Describe & explain the term auditing. “Personal qualities of an auditor are important for the successful conduct of audit”. Comment Answer. Auditing is defined as a systematic and independent examination
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Cycle Component 4: Expanding Contexts and Applying Learning Context When addressing the Component 4 requirement‚ I considered a class of third graders who are reading approximately one grade level below their same age peers. This reading group consists of three English Learners and three struggling readers who receive Title 1 reading services. The students participate in an alternative reading program‚ eighty minutes daily. Identify a List of Target Terms for Big Idea invention‚ patent‚ applications
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