application for the development of the banking sector Mobile application development caters to a diverse customer base. As its utilization is being discovered for different purposes an increased activity is also witnessed for this field. Mobile industry made a humble beginning with this application that provides basic functions. As today the complex transactions are being made through mobile applications‚ this is a paving way of new culture of mobile banking. With the integration of internet in mobiles
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Exposure is the potential dollar loss that would occur if the threat becomes reality. Likelihood is the probability that the threat will occur. Internal control is the policies‚ procedures‚ practices and organizational structure designed to provide reasonable assurance that business objective will be achieved or detected and corrected. Internal control objectives 1. Safeguard asset 2. Maintain records in sufficient detail to report company assets accurately and fairly. 3. Provide accurate
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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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BANKING INDUSTRY OF PAKISTAN: PERFORMANCES AND CONSTRAINS Mehmood-Ul-Hassan Khan for Media Monitors Network (MMN) – July 24‚ 2004 - http://www.mediamonitors.net/biopakbymuhkhan.html Banking is one of the most sensitive businesses all over the world. Banks play very important role in the economy of a country and Pakistan is no exemption. Banks are custodian to the assets of the general masses. The banking sector plays a significant role in a contemporary world of money and economy. It influences
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BASEL III AND ABOLITION OF UNIVERSAL BANKING MODEL – IMPLICATION FOR NIGERIAN BANKS Introduction: In the aftermath of the economic recession which pulled down many global banks and exposed multiple weaknesses in regulation and banking structures‚ the Basel Committee on Banking Supervision agreed to new rules on the minimum level (capital ratio) and composite structure of Banks capital on the 12th of September‚ 2010. Broadly speaking‚ the new rules which are widely referred to as Basel III (and are
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AEREN FOUNDATION REG. NO. F/11724 AN ISO 9001 : 2008 CERTIFIED INTERNATIONAL B-SCHOOL SUBJECT:-BANKING MANAGEMENT Total Marks—80 Q.1) The exchange rate and forward rate of rupee against US dollar on 3rd November‚ 2008 is given below: (20 marks) Spot rate 1 US dollar One month forward Three months forward Six months forward Twelve months forward Rs 45.36 3.72% 3.27% 2.76% 2.26% Calculate the forward rate‚ forward premium rate and swap rate from the given data. Q.2) In May beginning you
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Can corporate fraud ever be eliminated from the workplace? Abstract Corporate fraud has been a growing issue since Enron bankruptcy. The factors that contribute to the occurrence of corporate fraud are hard to control and methods used to prevent and detect fraud both by internal control and outside auditing have unavoidable weaknesses. Despite all the effort being made‚ it is highly unlikely that corporate fraud can be eliminated from the workplace. Introduction After Enron scandal got
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limitations of the internal control system and also give the reader three examples of such limitations. Internal control procedures will be thoroughly discussed and how the procedures are actually executed. Signs and symptoms of an underdeveloped internal control system and the impact of a missing journal entry on a financial statement will be further reviewed. With everything‚ there can be bad or there can be good. In accounting‚ however‚ there has to be a consistent control system in order
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The purpose of this 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
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NEW 7 QC TOOLS 1. Affinity Diagrams For Pinpointing the Problem in a Chaotic Situation and Generating Solution Strategies ò Gathers large amounts of intertwined verbal data (ideas‚ opinions‚ issues) ò Organizes the data into groups based on natural relationship ò Makes it feasible for further analysis and to find a solution to the problem. Advantages of Affinity Diagrams ò Facilitates breakthrough thinking and stimulate fresh ideas ò Permits the problem
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