Business Administration Stamford University Bangladesh. My supervisor asked me to prepare a report on internal control system of nationalized banks of Bangladesh in internal auditor’s perspective including a survey questionnaire. I personally was so interested about the topic. That’s way I have chosen the topic “Effectiveness of Internal Control Systems of Nationalized Banks of Bangladesh: Internal Auditors perspective”. 1.2 Objectives of the Report: The objectives of the report are: 1.
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Internal Control: Management Information System (MIS) The OLUS HOTEL is a 100% Filipino-owned corporation duly registered with the Securities and Exchange Commission since June 2009. It is a three-story building along Quezon Hi-way. Situated at the techno hub district of Quezon‚ its presence has helped spur the current thrust and development of other areas going farther north. This synergistic relationship has given several competitive advantages‚ which are translated into profits for the sustainable
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CHAPTER 3 SYSTEMS DEVELOPMENT AND DOCUMENTATION TECHNIQUES SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 3.1 Data Flows: merchandise‚ payment‚ cash and register tape Date Source: customer Processes: capture sales and payment‚ give cash and register tape to manager Storage: sales file (register tape)‚ cash register 3.2 It is usually not sufficient to use just one documentation tool. Every tool documents a uniquely important aspect of a given information system. For example‚ system
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Self Control‚ a Problem of the Ages A lack of self control is very evident in O Brother Where Art Thou? as well as in The Odyssey‚ these stories portray how engrained this problem is‚ and are evidence to how long lack of control has been pervasive in society. These two sources parallel an idea‚ however the actual events that take place are much different. The numerous events that show lack of self control occur in both the book and the film‚ however they are revealed in different fashions. O Brother
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1 -Terms of Reference 2 –Methodology 3 - Executive Summary 4 – Background of the company 5 - The Accounting System & Internal controls 6 – Evaluation of the Accounting Systems 7 – Strengths & Weakness in the Accounting System 8 – Recommendations for Improving the cash handling‚ Payroll & Accounting Systems 9 – Cost benefit analysis 10 - Conclusion 11 - Appendices 1) Terms of Reference 1.1 This project has been prepared to fulfill
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The internal environment: * Strategic competitiveness and above – Average returns result when Internal organization (What a firm can do : function of resources‚ capabilities‚ and core competencies) matches External environment ( What a firm might do : function of opportunities in the firm’s external environment → Competitive Advantage * Competitive advantage key points: * No competitive advantage lasts forever. * Over time‚ rival use their own unique resources‚ capabilities‚ and
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Running head: INTERAL CONTROL AND RISK EVALUATION Internal Control and Risk Evaluation Patricia Coleman ACC/542 April 7‚ 2014 Maryln Fisher In today’s society‚ internal controls are applied to support an organization ’s managers to become more successfully to release the responsibilities by applying and understanding internal control concepts. Internal controls are most frequently saw as "a lot of red tape"; however‚ internal controls have different circumstances
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Sarbanes-Oxley Act Relates to Internal Control” Accounting 1 November 2011 Writing Assignment-How The Sarbanes-Oxley Act Relates to Internal Control. In attempting to explain the Sarbanes-Oxley Act (SOX) and how it relates to the accounting concepts of control‚ some brief information is necessary to provide background on why it was enacted in 2002. Questions answered are why SOX was enacted‚ who passed this Act and why was it needed‚ what is internal control‚ how SOX Provisions and Requirements
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to five key internal control objectives of Goodner’s Huntington sales office. • Existence – Record the purchase orders in standard form as soon as sales reps receive them. • Rights and obligations – Limit rights for sales reps. • Completeness – Record the purchase order‚ ship the inventory‚ and receive payment. • Valuation – Keep accuracy for the value. 2. List the key internal control weaknesses that were evident in the Huntington unit’s operations. • Ineffective controls of physically
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xx/xx/xxxx xacc/280 week 8 Checkpoint The collapse of Enron back in 2001 shows a number of unethical practice. This company shows unethical practice in accounting as well as business. This company is a perfect example on how unethical behavior of a few people can affect millions of individuals. This also affected these individuals for many years after. Enron was the first business to have nationwide gas pipeline networks. On November 8‚ 2001 Enron made an announcement in a SEC filing that
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