A. Identify internal control principles 1.The first internal control principal is an applied establishment of responsibility. Only one designated person is authorized to handle the tickets. One roll is designated per shift and the manager locks the roll in the cash register. Also designating only one person like a cashier to handle cash and different individuals should be assigned the duties of receiving cash‚ recording cash‚ and custody of cash. 2.The next principal is the segregation of duties
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paper is to explore fraudulent activities within the business environment. Trends observed indicate a need for increasing secure management. Review of scholarly journals‚ industry publications and text books were performed to gather data. Findings support that implementation of fraud reporting mechanisms assist in detecting fraud. Abstract 3 Introduction 4 What is Password Hashing? 4 Defined 4 Hashing Methodologies 5 How Password Hashing is Used 6 Add SALT for Taste? 7 Who Should
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The collapse of Baring’s Bank in 1995 occurred principally as a result of huge losses that resulted from unauthorized derivatives trading activity by the head of the Singapore office‚ Nick Leeson.[1] The chain of events that led to the collapse of the bank could have been mitigated‚ if not entirely avoided‚ had management and/or the board of directors followed recommendations contained in internal reports that drew attention to the risks present in the highly leveraged trading program constructed
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tailored to the target customer. The major difference between the Ghanaian banking sector and the foreign banking sector is about customer consciousness and service concept. Overseas banking have a greater history in customer relationship management. As the banks in the West are under a relative competitive environment‚ they have accumulated substantial experience in the aspect of customer service. On the other hand‚ since the banking sector in Ghana has just opened to the market‚ some
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INTRODUCTION ’Trust only movement. Life happens at the level of events‚ not of words. Trust movement.’ -Alfred Adler It’s a matter of curiosity that the quote accurately describes the fundamental truth of life. MOVEMENT! The healthy existence of a cell depends on the movement of molecules in and out of the cell. For this transport across the cell‚ specialized structures are present on the surface of cell membrane called Transporters. Transporters are involved in a mode of transport called
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All publicly trader companies in the USA are required to maintain and have an up to date system of internal controls. Since the LJB Company is wishing to become a public entity‚ I am glad to be able to assist in this action. First‚ the rules and regulations must be reviewed and compared to the company and how it can become public. To make the company attractive to buyers‚ investors‚ and other capital sources‚ it is crucial that the corporate organization and governance are well manifested. Corporate
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THE IMPACT OF ELECTRONIC BANKING ON COMMERCIAL BANKS OPERATIONS TABLE OF CONTENT Cover page Title page Approval page Dedication Acknowledgment Abstract Table of content CHAPTER ONE Introduction Background of study Statement of problem Objective of the study Significance of the study Scope and limitations of the study Definition of terms CHAPTER TWO Review of related literature Introduction Meaning of electronic banking Origin of electronic banking Meaning of computer Relevance of
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Characteristics of an Effective System of Internal Control 1.) In accounting systems‚ certain controls are needed to ensure that employees are doing their jobs properly and ensure that the system runs properly. These checks are in the best interest of the organization. These controls come in the form of internal controls for the system. The internal controls are the checks that are placed in the system by the company’s own management to prevent the intentional misrepresentation of financial data
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Rogers and Blythe‚ months later Rogers and Blythe got a loan from Charter Bank of Gainesville. In order for Rogers and Blythe to secure the loan they got from Charter Bank‚ they supposed to transfer the promissory note from Holly Hill‚ which made Rogers and Blythe defaulted on the loan. As a result of Charter Bank sued in order to get back on the Holly Hill’s promissory note. The mortgage in the note is nonnegotiable. Charter Bank doesn’t have a negotiable contract because the initial contract from Holly
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