Australia’s Banking Industry Date: May 2011 Disclaimer This publication has been prepared as a general overview of the Banking Industry in Australia and does not constitute and is not intended to constitute financial product advice as defined under the Corporations Act 2001 (Cwth). Nothing in this document should be construed as a recommendation or statement of opinion intended to influence a person in making an investment decision. The information is made available on the strict understanding
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Case Analysis: Bank of America: Mobile Banking Company Overview: Bank of America is the largest US bank founded in 1904‚ it has expanded through several acquisitions. By the end of 2009‚ Bank of America was the market leader serving 82% of the US population and over 53 million customers. They are positioned as number one in online and mobile banking. Their mobile banking services were launched in 2007 and have gained 4 million customers in less than three years. Acquisitions made by Bank of America
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Case Study Project What is the purpose of auditing? Describe the relationship between internal controls and the audit process. Answer The purpose of an audit is to provide financial statement users with an opinion by the auditor on whether the financial statements are presented fairly‚ in all material respects‚ in accordance with the applicable financial reporting framework. An audit also enhances the degree of confidence of intended users in the financial statements. Financial audits
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that almost half of the Asia-Pacific companies are confident of their internal fraud controls (Singapore Press Holdings Limited 2005). But here’s the fact: Only 16 per cent of economic crimes in the region were detected by risk-management systems. In fact‚ the vast majority of incidences of economic crime were detected by accident‚ tip-off‚ and internal and external audit (PriceWaterhouse Coopers 2003). Here in the case study of Informatics Group (Singapore) Private Limited was the 84 per cent
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passed in 2002 by Congress after a series of scandals involving companies such as Enron‚ WorldCom‚ and Tyco. This was passed because of shady transactions and misrepresented financial data which caused shareholders to lose millions of dollars and their trust in investing in public companies. It was passed to create new rules of accountability and accuracy for public companies. It is important to the account profession because companies were required to have met certain conditions or face the consequences
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Actavis Plc is a global integrated company that focuses on research‚ development and distribution of high quality generic and revolutionary branded pharmaceutical products. The company is committed to identifying opportunities that enhance the corporate goals of the Organisation and prosper competitive leverage. This report is compiled to evaluate the efficiency and productivity in the Malta Actavis plant. Encountering substantial challenges‚ which have been brought about by launching new products
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TITLE PAGE THE IMPACT OF COMPUTER SERVICES IN BANKING INDUSTRIES A CASE STUDY OF UNITED BANK FOR AFRICA (U.B.A) GUSAU BRANCH. BY ABDUL AZIZ SANIN BABA ADM NO: 10202 MARYAM ABDULLAHI ADM NO: 10209 SUBMITTED TO DEPARTMENT OF COMPUTER SCIENCE‚ ZAMFARA COLLEGE OF ART AND SCIENCE (ZACAS) GUSAU‚ ZAMFARA STATE. IN PARTIAL FULFILLMENT FOR THE REQUIMENNT OF THE AWARD OF PROFESSIONAL DIPLOMA C ERTIFICATE IN COMPUTER SCIENCE March‚ 2009. I APPROVAL PAGE This research work has been read‚ accepted and approved
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reimbursements to eventually defraud her company of about $275‚000. Had her company had proper controls in place for travel and expense reimbursements‚ wouldn’t have occurred to this magnitude. Donnelly was targeted in an internal investigation because she was one of three employees with the highest amounts of travel and expense reimbursements hers totaling‚ $115‚000. One of the red flags in the case was the fact that Donnelly’s supervisor had only submitted $40‚000 in travel and expense reimbursements
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Justification for an Internal Control System ACC 544 Justification for an Internal Control System Introduction According to A. A. Gramling in the Encyclopedia of Business and Finance‚ internal control can be described as “any action taken by an organization to help enhance the likelihood that the objectives of the organization will be achieved.” There are several approaches to risk management in an organization – the portfolio approach and the use of insurance are two. Both
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INDIAN BANKING INDUSTRY Banking forms the back bone of the country. Banks are special as they not only accept and deploy large amounts of uncollateralized public funds in fiduciary capacity‚ but also leverage such funds through credit creation. They directly or indirectly affect the growth of the country. Banking in India has gone through different phases of nationalization and liberalization. In confront of American crisis‚ evolving technology‚ growing Indian economy and further liberalization
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