Corporate Governance‚ Internal Control and the Role of Internal Auditors – A Survey of Chinese Managers Author details: Dr. Jane J. Zhang School of Accounting‚ Economics and Statistics Edinburgh Napier University Business School Craiglockhart Campus Edinburgh EH11 1DJ‚ UK Tel: 00-44-131-4554448 Fax: 00-44-131-4554460 Email: ja.zhang@napier.ac.uk -1- Corporate Governance‚ Internal Control and the Role of Internal Auditors – A Survey of Chinese Managers Abstract This study investigates
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ntIFAC Board Final Pronouncement Exposure Draft June 2012 October 2011 Comments due: February 29‚ 2012 Professional Accountants in Business Committee International Good Practice Guidance Evaluating and Improving Internal Control in Organizations The mission of the International Federation of Accountants (IFAC) is to serve the public interest by: contributing to the development‚ adoption and implementation of high-quality international standards and guidance; contributing to the
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Managerial Auditing Journal Emerald Article: Agency Theory and the Internal Audit Michael B. Adams Article information: To cite this document: Michael B. Adams‚ (1994)‚"Agency Theory and the Internal Audit"‚ Managerial Auditing Journal‚ Vol. 9 Iss: 8 pp. 8 - 12 Permanent link to this document: http://dx.doi.org/10.1108/02686909410071133 Downloaded on: 27-05-2012 Citations: This document has been cited by 4 other documents To copy this document: permissions@emeraldinsight.com This document
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COMPANY: Internal Control Review I. NEW INTERNAL CONTROL REQUIREMENTS FOR GOING PUBLIC Sarbanes-Oxley Act of 2002 (SOX)‚ enacted on July 29‚2002‚ is a United States Federal law that imposed new rules and regulations for all US public companies. Under SOX Section 404‚ all publicly listed corporations are required to maintain an adequate system of internal control. Under SOX‚ corporate executives and the board of directors are personally responsible for making sure that the internal controls
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Topic Internal Controls Title An analysis of the Internal Controls used in the Finance department at COLFIRE. Research Questions 1. How are internal controls used at COLFIRE? 2. How does COLFIRE use internal control to operate their operations? 3. What are the major internal controls principles used at COLFIRE? Organization COLFIRE. (Colonial Fire and General Insurance Company Limited.) ACKNOWLEDGEMENT I would like to thank my teacher Mr. N. Cooper for giving me the necessary information
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Company: Internal Controls LJB Company: Internal Controls Contents Introduction 3 Internal Control Requirements 2 Strengths and Recommendations 2 Violations 3 Conclusion 4 Works Cited 4 Introduction LJB Company has asked the accounting firm to evaluate their system of internal controls because of the plan to go public in the near future. The president wants to be aware of any new regulations required of his company if they go public. The current system of internal controls was explained
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CIA-I QUESTION: 1 Which of the following audit findings would have the least impact (either positive or negative) on a department’s control environment? A. The department makes long-term investment risk decisions to maximize return on investment. B. The department manager sets and demonstrates a tone of honesty and integrity in all business dealings. C. any department functions are duplicated or verified by other department employees. D. Deficiencies were found in the appropriate authorization
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them. We will also audit whether Apollo Shoes‚ Inc. maintained effective internal control over financial reporting as of December 31‚ 2011‚ based on criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organization of the Treadway Commission (COSO criteria). Apollo Shoes‚ Inc.’s management is responsible for these financial statements and for maintains effective internal control over financial reporting. Management is also responsible for making financial
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3. False When auditing a public company‚ the auditor must form an opinion on the effectiveness of internal control over financial reporting‚ or issue a disclaimer in the event of a scope limitation. True 9. False The likelihood of an event is "more than remote" when it is "highly possible." True 8. False The PCAOB makes it clear that the CEO and CFO are responsible for the internal control over financial reporting and the preparation of the statements. True 7. False Based on PCAOB guidelines
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2002 Article Review The Sarbanes-Oxley Act was a daring attempt to legislate morality with the intentions of restoring integrity with the public in financial markets. The Sarbanes-Oxley Act is a direct result from corporate scandals like WorldCom‚ Enron‚ Adelphia‚ and Tyco‚ which succeeded in the collapse of these major corporation and ruined people’s lives. The mistreatment of employees and investors by flagrantly unethical business practices cost some their life savings and retirement portfolios
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