"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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    internal locus of control

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    Upon finishing the two exercises‚ I have concluded that external locus of control plays a huge part in my life. I found multiple correlations between the two scores‚ I have always taken everything lightly and I have procrastinated until the last minute to do things‚ I have told lies on why I couldn’t do the work multiple times to my instructors‚ I lack motivation to follow through with my plan of action (Trust me I have made a lot of those). I feel like something is missing from my life which makes

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    SYNOPSIS The project titled “CREDIT CARD FRAUD DETECTION” detects the fraudulent card during transactions and alerts the customer regarding the fraud. This project also aims in minimizing the number of false alerts. The concept of genetic algorithm is a novel one in this application domain. The algorithm begins with multi-population of randomly generated chromosomes. These chromosomes undergo the operations of selection‚ crossover and mutation. Crossover combines the information from two parent

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    What is the marketing impact of a well-designed service guarantee? A well-designed service guarantee can bring a positive marketing impact. Obviously‚ it can increase current customer’s satisfaction and build a long-term relationship with them. It also can attract new potential customers with a good name in the special field or industry. Evaluate the design of Accellion’s guarantee shown in Exhibit 1. How effective will it be in communicating service excellence to potential and current customers

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    The Fraud Examination Unit at Computers Company submits this preliminary Report of Investigation to the Chief Executive Officer about a suspected corruption scheme in the company. In the broadest sense‚ fraud can encompass any crime for gain that uses deception as its principal modus operandi (Wells‚ 2011). Therefore‚ after learning of the suspected corruption scheme in the company‚ the objectives of the Fraud Examination Unit were to determine whether a possible corruption scheme existed; identify

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    Bank of Industry Nigeria

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    BANK OF INDUSTRY INTRODUCTION. The Bank of Industry was created by the Federal Executive Council in January 2002 with the sole purpose of promoting and encouraging small and medium scale industries in Nigeria by providing long term financing to the industrial sector of the Nigerian economy. It was formed by the amalgamation of three already existing development financial institutions comprising: The Nigerian Bank of Commerce and Industry (NBCI)‚ The Nigerian Industrial Development Bank (NIDB) and

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    ABSTRACT The study is a comprehensive evaluation of the impact of ICT on the banking industry (a case study of FIRST CAPITAL PLUS). Three categories of variables that relate to the adoption and implementation of information technology devices were used for the study. These include the nature and degree of adoption of innovative technologies‚ degree of utilization of the identified technologies‚ and the impact of the adoption of ICT devices on banks operation. These developments in technology have

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    HealthSouth Fraud Richard Scrushy was the founder of HealthSouth he graduated from Jefferson State Community College and become a registered respiratory therapist after studying at Alabama Birmingham University. He later went to St. Louis and became the regional director of the respiratory therapy department at Lifemark. He eventually moved to Houston and became the COO. In 1984 He left to follow his dream of creating a rehabilitation center in Little Rock. The company changed their name from Amcare

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    Internal Control System

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    A system of internal control refers to the process by which organizations maintain environments that encourage incorruptibility and deter fraudulent activities by management and employees. An organization’s components of internal control are evaluated during the planning phase of an independent financial statement audit. The results of the evaluation directly influence the auditor’s level of detailed testing. To reduce detailed testing‚ and perhaps the audit fee‚ organizations implement common features

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    Bendigo Bank Case Study

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    Case Study The Business Of Thinking Industry: Financial Services Project: Improving customer service and sales effectiveness and building a culture that promotes diversity Contributed by: Matthew Galik‚ Director of Sales and Marketing‚ Herrmann International Asia; and Andrew Stagg‚ Manager‚ Learning & Development‚ Bendigo Bank About Bendigo Bank Bendigo Bank is a regional Australian bank‚ operating primarily in Victoria‚ Queensland‚ and New South Wales. With over 200 bank branches and approximately

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    Acct Internal Control

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    Case Study 2 – Internal Control A review of policies and procedures for LBJ Company has been conducted‚ and there is a distinct lack of internal control that must be addressed in order for the company to go public. Internal control is identified as: “the process designed to ensure reliable reporting‚ effective and efficient operations‚ and compliance with laws and regulations” (Edwards‚ 1994). Additionally‚ to attract prospective investors‚ LBJ Company must follow the guidelines identified by the

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