Chapter 7 – Internal control Internal control – steps taken by business to prevent fraud – misappropriation of assets and fraudulent financial reporting‚ COSO defines IC as means to an end Achievements of objectives in the area of financial reporting‚ operations‚ compliance with law and regulations Foreign corrupt practices act: Transactions authorized with the knowledge of and authorization of management Means of achieving internal control – preventive control – prevents fraud ex: segregation
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Introduction of Intercontinental hotel. Intercontinential hotel‚as the first truly international hotel group‚ was born in 1946.it becomes the biggest hotel group on earth.This group also have the wildst distribution of hotel around the world.The goal of this hotel is creating great hotels guests loveThe headquarter of this company is in berkshire ‚ UK .During 2007‚ it employed approximately 10366 in 2007 . What is the meaning of environment? (Docstoc 2010‚ p3)That means the surroundings‚ influnces
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Generally‚ every organization’s performance could be enhanced if they have a sound internal control system. Internal control sys has two subcategories: A) Control environment B) Control procedures and policies @ control activities Control environment is abt attitude of board n mgt‚ whether they have integrity(honesty) and value the importance of running a sound internal control system. So‚ if their attitude is good‚ they will raise awareness and foster good attitude among ppl in the org
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Hoosier Burger Case: Final Assessment INF 340: Business Systems Analysis and Design Instructor: Robin Jones June 9‚ 2014 Starting a business of their own someday had been a dream of two college students back in the 70’s‚ Bob and Thelma Mellankamp are those two people. The dream was sparked by going to an economics class one day where the two of them saw a “for sale sign” in the window of a local restaurant that was up for sale. After being in business all these years
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dispatched independently to approving authority. Once signed‚ the approved invoices should be sent independently to accounts payable. When the check is prepared by accounts payable‚ they should mail it directly to the third party. Under a strong internal control system‚ the employees and/or contractors should not be allowed to come in and collect checks directly. Direct contacts with accounts payable personnel make it too tempting for someone
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Analysis of the movie „Anna and the King” [pic] Table of Contents Introduction.....................................................................................2 Historical background and brief summary...................................2 Cultural clashes..............................................................................4 Absolute monarcy........................................................................5
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different approvals‚ usually built upon moral preference. Mill is able to categorize every human license into exist internal and external sanctions‚ and believes that it is possible to change your moral selection. External sanctions exist outside of the individual‚ independent of his mind. They may take the form of peer pressure‚ the fear of disapproval‚ or the fear of god. Internal sanctions stem from one’s conscience. These consist of feelings like discomfort or joy when one realizes the consequences
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Play Analysis: The King and I Submitted by: Beatrix Clayden C. Deonio II – Teamwork Submitted to: Sr. Louis Rafael Tordecillas CHARACTERS Major Characters: 1. King Mongkut – King Mongkut is an imposing ruler of Siam‚ Thailand. He was the one who requested for his children to be taught in the English language for his country to be modernized. 2. Anna Leonowens – Anna Leonowens is a widowed English schoolteacher who has come to Siam to teach the royal children of King Mongkut. Her
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In the article‚ Philip Ranlet analyzes the possible causes that led to King Philip’s War to deconstruct the misleading interpretations often made by historians about the crucial event. Ranlet’s “Another Look at the Causes of King Philip’s War” contributes to the New Left historiographical discussion because the historians demand the inclusion of those features of our history that explains how we came to be a violent‚ racist‚ repressive society. The interpretation of some historians are often influenced
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Metro-Internal Overview of the Current Scenario Week1: Average Team Strength – 12; Average Productivity – 6.5 Week2: Average Team Strength – 10; Average Productivity – 7.2 Learning & Observations: 1) The market as a whole is quite receptive to the Cash & Carry concept saving a lot of effort in terms of making customer calls. 2) There is a major chunk of our prospective customers in the outskirts of the city; but many of them don’t have a valid business licence or don’t have
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