"Internal control and fraud detection in the banking industry a case study of guarantee trust bank plc" Essays and Research Papers

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    Cloverleaf Plc Case Study

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    2   Cloverleaf plc Cloverleaf plc was a UK­based supplier of bottling plant used in production lines to transport and fill bottles. Two years ago it opened an overseas sales office targeting Germany‚ France and the Benelux countries. It estimated that there were over 1‚000 organisations in those countries that had bottling facilities‚ and that a key sales push in northern Europe was therefore warranted. Sales so far had been disappointing with only three units having been sold. Expectations had

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    Hope Trust Case Study

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    JOURNEY On RAHUL LUTHER Founder and Director‚ Hope Trust‚ Hyderabad Under the guidance of Professor Raghu Garud Submitted by: Group E12 Abhimanyu Bansal (61310001) Hemant Kumar (61310173) Jaspreet Rikhraj (61310606) Mansi Joshi (61310143) Priyanka Malla (61310858) CONTENTS THE JOURNEY .............................................................................................................................3 THE HOPE TRUST .....................................................

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    COOLIDGE BANK AND TRUST COMPANY The Coolidge Bank and Trust Company received its charter from the Commonwealth of Massachusetts in July 1960‚ was founded by a group of merchants and businessmen who were dissatisfied with the quality of service provided by the local bank in Watertown. The leader of the group‚ Mr. Milton Adess having no banking background focused on retail and introduced some new innovations as no-service-charge during 1964. They went ahead with dropping their $100 minimum balance

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    Fraud Case

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    THE NATION’S NEWSPAPER BS2003-01b Collegiate Case Study Adelphia founder‚ 2 sons‚ 2 others arrested in fraud By David Lieberman and Greg Farrell www.usatodaycollege.com Accounting fraud Part II: The results “Creative accounting” is not a new technique‚ but it can certainly be a costly one. Businesses feel the pressure to appear profitable in order to attract investors and resources‚ but deceptive or fraudulent accounting practices often lead to drastic consequences. Are these so-called

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    Howard Street Jewelry Accounting Case Study on Internal Controls 1. The main internal control concept the Levis ignored was segregation of duties. No one person should be responsible for all transactions from the beginning to the end. Betty had too many responsibilities that were interwoven and should have been performed by more than one person. She handled the cash that came in‚ maintained the cash receipts and the sales records. Another concept that this relates to is that no one

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    CASE STUDY ON ANGLO AMERICAN PLC IN SOUTH AFRICA Submitted by Kamlesh Bind PGDM –IB ( 08) 1. What are the pros and cons of Anglo American’s adoptions of a strategy in combating HIV/AIDS among its South African workforce ? What recommendation would you give the company concerning its HIV / AIDS policy ? Ans :- Anglo American had a huge investment in South Africa and was hard hit by the HIV / AIDS epidemic . It was one of the first corporation to develop a

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    Alliance Bank Case Study

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    Forces)…………………………….……..3 3. Internal Analysis: (SWOT analysis‚ VRIO analysis‚ Value Chain)......……………....9 4. Recommendation (Corporate Strategy)……………………………………………...14 5. Recommendation (Business Strategy)……………………………………………….16 6. Recommendation (Functional Strategy)……………………………………………..18 7. Implementation……………………………………………………………………....20 8. Conclusion ……………………………………………………..…………………....20 9. References…………………………………………………………………………...22 1. Introduction Alliance Bank is one of the

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    Banking Industry in Malaysia

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    institutions become an inevitable and important part of our lives and people are always focusing on the situation of financial institutions. So the banking industry is the most suitable topic to study. Then‚ we decided to use scenario model to analyze the industry (Showed by diagrams 1). [pic] Diagram 1 After analyzing the situation of the industry‚ we choose ten years because it is the most proper time for our scenarios. The environment can not reach the enough degree to support these

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    Retail Banking of Axis Bank

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    Retail Banking Of Axis Bank (Summer Internship Report) From 3rd June to 24th July ACKNOWLEDGEMENT I express my deep gratitude to AXIS Bank division‚ Kanpur for giving me this opportunity to do summer internship. I acknowledge the give and take relationship wherein I could work diligently on the project assigned to me and contribute to the organization with my efforts and get essential credit to my profile before I enter the corporate

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    Obtaining an understanding of internal control allows auditor’s to identify the types of material misstatements that could occur in the financial statements‚ consider the factors that affect the risk of material misstatements‚ and design substantive tests. An auditor obtains the understanding from researching the clients business. An auditor will take inquires from management and personnel‚ observe client activities and operations‚ walk-through the business‚ and inspect client documents and records

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