10-32 (Components of internal control) Internal controls can be categorized using the following framework. 1. Control environment 2. Risk assessment 3. Information and communication 4. Control activities 4.1. Authorization 4.2. Segregation of duties 4.3. Information processing controls 4.3.1. Computer general controls 4.3.2. Computer application controls 4.3.3. Controls over the financial reporting process 4.4. Physical controls 4.5. Performance reviews 4.6. Controls over management discretion
Premium Accounts receivable Auditing Balance sheet
Case Study 2 – Internal Control TO: LJB Company President FROM: Accounting Firm DATE: August 12‚ 2012 SUBJECT: Internal Control It is with great pleasure that we can provide you information and advisement on internal controls that will assist LJB Company with going public. We understand that you have communicated your concerns and expect that this report will assist you with deriving conclusions. This report will: 1. Inform you of any new internal control requirements in reference to going
Premium Public company Internal control Asset
the research questions. Therefore the data collected on the effectiveness of the ZDF BF internal controls could be justified. Figure 4.4 displays the subjects’ response rate. Figure 4.5: Response rate. Source: Primary Data. 4.2 The Nature and Type of Available ZDF BF Internal Control System The discussion‚ on the evaluation of ICS in the dissertation‚ was mostly based on the COSO Integrated Internal Control Framework given its broad concepts‚ applicability to most entities and consolidated history
Premium Management Marketing Statistics
ICC-1 Apollo Shoes‚ Inc. Internal Control Questionnaire Sales Transaction Processing December 31‚ 2007 Objectives and Questions Yes‚ No‚ N/A Comments Environment: 1. Is the credit department independent of the sales department? Yes. Credit manager in Treasurer’s office 2. Are sales of the following types controlled by the same procedures described below? Sales to employees‚ COD sales‚ disposals of property‚ cash sales and scrap sales. No available information‚ apparently not applicable
Premium Invoice Accounts receivable Accounts payable
STANDARDS OF INTERNAL CONTROL Issued April 2007 Table Of Contents I. II. III. IV. V. VI. VII. 1.0 2.0 3.0 4.0 5.0 Preface Objective Scope Process Responsibility Fraud Revisions Introduction General Control Requirements Quick Reference Revenue Cycle 2.1 Order Entry/Edit 2.2 Loan/Financial Aid 2.3 Billing 2.4 Accounts Receivable 2.5 Collection 2.6 Cash Receipts Procurement Cycle 3.1 Supplier Selection and Retention 3.2 Purchasing 3.3 Receiving 3.4 Accounts
Premium Internal control
EXECUTIVE SUMMARY Our group was assigned to carry out the duties as internal auditor to audit the operations of the Library. We have been undergoing the task based on our objectives. We have selected TAN SRI DATO ’Sanusi Junid‚ International Islamic College (IIC) Gombak library. On Monday‚ 13 August 2012‚ we went to the IIC and the library management was welcomed our presence. We have interviewed Mr. Muhammad Arif Bin Osman‚ which is the Executive Assistants. He was very helpful in terms of delivering
Premium Audit Library
Arthur Miller‚ a native of Harlem‚ was a well known and accomplished playwright in the twentieth century. He wrote many plays including ‘The Crucible‚’ ‘A View From the Bridge‚’ and the award-winning ‘The Death of a salesman’. The Death of a Salesman depicts the life of a struggling salesman‚ Willy Loman‚ who had high hopes and aspirations that fogged his own reality. In the drama‚ Arthur Miller devises an internal and external conflict through Willie to demonstrate how one must adapt to the changes
Premium Conflict Personal life Meaning of life
1. Andersen‚ Hans Christian A Cheerful Temper прочитать 2. Andersen‚ Hans Christian A Great Grief прочитать 3. Andersen‚ Hans Christian A Leaf from Heaven прочитать 4. Andersen‚ Hans Christian A Story from the Sand-Hills прочитать 5. Andersen‚ Hans Christian Anne Lisbeth прочитать 6. Andersen‚ Hans Christian Beauty of Form and Beauty of Mind прочитать 7. Andersen‚ Hans Christian Children’s Prattle прочитать 8. Andersen‚ Hans Christian Danish Popular Legends прочитать
Premium Hans Christian Andersen 1916
Political Science 083S Investigation of Failed States & Democratic Intervention Failed states have been an issue in human society for many years. Today there are a total of 177 failed states‚ which is an all-time high. (Haken) Failed states are not only a terrible situation for the country itself‚ but for its neighboring countries as well. Some situations are worse than others‚ but for the most part they all share several factors that classify them as failed states. These factors include a severe
Premium World War II Cold War United States
intoxicating beverage from 1920 to 1933. Reasons Prohibition was enacted was to correct corruption and reduce prison numbers‚ solve social unrest‚ lower taxes‚ and improve hygiene and health of the people. However‚ Prohibition ultimately failed in its attempt to control the behavior and vices of its citizens. One particular issue that arose from Prohibition was that it fostered corruption; poor‚ young immigrants gradually morphed into mobs and general crime became organized. Extensive crime syndicates
Free Prohibition in the United States