acct 504 | MANAGERIAL USE ANLYSIS | CASE STUDY 2 INTERNAL CONTROL | 12/1/2012 | Case Study 2 Internal Control . A requirement is important to know that all publicly traded U.S. corporations are required to maintain an adequate system of internal controls and procedures for financial reporting in accordance with the Sarbanes-Oxley Act Section 404. It is the responsibility of your executives to ensure there are dependable and effective controls in place‚ and auditors from outside the
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Actually‚ media just wants to absorb audiences and government and some politicians want to make their own benefits like vote. However‚ drug control is a hard work. Victor finds U.S. Drug Enforcement Administration takes four policies‚ but it is not useful for drug control. There is a confuse question why the government pay a lot but little response about drug control. Not only about
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An indepth project such as The Connecting the Branches on Gun Control‚ required a great amount of time and effort. As the project progressed I learn a lot‚ not only on the subject I was studying and reporting on‚ but also how to find a use useful information pertaining to the hot button topic of Gun Control in America. Firstly‚ I feel as though it is important to know that I went into this project with a fairly extensive amount of knowledge on the topic‚ and fairly well established beliefs pertaining
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Case Study: AirTex Aviation (Textbook p. 246) Suggested practice/discussion questions: Group Presentation 1. Did AirTex need a new control system at the time of takeover? 2. Evaluate the control system that Frank and Ted implemented. Class Discussion 3. Should anything have been done differently? Case Study: AirTex Aviation “Hello‚ Sarah. This is Ted Richards.” Ted was on his way to resign from his job. He and his business partner Frank Edwards had just bought AirTex Aviation‚ a floundering
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Types of Information Security Controls Harold F. Tipton Security is generally defined as the freedom from danger or as the condition of safety. Computer security‚ specifically‚ is the protection of data in a system against unauthorized disclosure‚ modification‚ or destruction and protection of the computer system itself against unauthorized use‚ modification‚ or denial of service. Because certain computer security controls inhibit productivity‚ security is typically a compromise toward which security
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A Shocking Scenario: Analyzing a Gun Control Advertisement In the spring of 2013‚ GREY Advertisement agency released a series of advertisements for the organization “Moms Demand Action for Gun Sense in America.” These public service announcements‚ placed on billboards around the country‚ are intended to “reflect the absurdity of our country’s current lax laws and weak regulation of guns‚” (Huffington Post‚ 2013). Contrasting a piece of candy to an assault rifle‚ one image uses emotion and logic
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Case Study 2 – Internal Control 1. Inform the President of any new internal control requirements if the company decides to go public. As per the accident that happened in the company about some employees was viewing pornography on company computer and he had a hard time to get his employees admitted that they were the one who doing it. He should use limit access by individual passwords for each person to log in the computer systems. To make sure that which person was log on in the computer and
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‚ about the gun control and the use of gun in mass shootings have gone up in the years. When Omar Mateen entered an Orlando‚ Florida‚ nightclub on Sunday June 12‚ 2016‚ to carry out the deadliest mass shooting in U.S. history‚ he wielded a weapon that has been used in massacres from California to Connecticut: a military-inspired semi-automatic rifle the AR-15 rifles. The NSSF (National Shooting Sports Foundation) estimates there are roughly 5 million to 10 million AR-15 rifles owned in the United
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Case Study 2 – Internal Control The following are the internal control requirements a company who wants to go public needs to be put into place. INTERNAL CONTROL REQUIREMENTS Management’s Assessment Section 404(a) of the Act and the related rules adopted by the SEC require management to assess the effectiveness of the company’s internal control over financial reporting as of the end of the company’s most recent fiscal year‚ and to state in the company’s annual report whether the company’s internal
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Port State Control (PSC) is the right and‚ in an increasing number of countries‚ the legal obligation of the authorities of the port State to board a foreign ship and verify its compliance with international rules and regulations. PSC is the means by which a nation exercises authority over foreign merchant vessels that are within waters subject to its jurisdiction. PSC aims to verify whether foreign flagged vessels comply with the applicable international conventions on safety‚ pollution prevention
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