Justification for an Internal Control System ACC/544 December 2‚ 2013 Justification for an Internal Control System The internal control system has been used since the company was in need of the system and until this day it has been working to its fullest potential. Internal control plays an important key in making sure that the accounting information‚ financial data‚ meeting the targets‚ and ensuring that the management policies are getting followed. There are two elements in making an
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An Assignment of Business Ethics & Corporate Governance CASE STUDIES Module I BHOPAL GAS TRAGEDY December 3‚ 2009‚ marked the 25th anniversary of the world’s worst ever industrial disaster - the gas leak that occurred at Union Carbide India Ltd’s (UCIL) pesticide plant in Bhopal (Madhya Pradesh‚ India). The tragedy that instantly killed more than 3‚000 people and left thousands injured and affected for life‚ occurred when water entered Methyl Isocyanate (MIC) storage tank No. 610
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Justification for an Internal Control System Organizations that do not have the proper internal controls tend to deteriorate over time. Therefore‚ companies should incorporate effective internal control systems to accompany other risk management approaches like insurance and risk portfolio. Internal Control Systems can provide an additional reference tool for organizations to identify and assess operating controls‚ financial reporting‚ and regulatory compliance processes and to formulate preventive
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Bibliography: * http://www.businessdictionary.com/article/618/why-is-corporate-governance-important/ * http://www.licindia.in/ * http://www.businessreviewindia.in/top_ten/top-10-business/insurance-top-10 * http://www.licindia.in/GJF_aboutus.htm * http://www.licindia.in/Annual_Report_2011.pdf * http://www.irda.gov.in/ * https://www.google.co.in/ * http://en.wikipedia.org/wiki/Corporate_social_responsibility
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The Importance of Corporate Social Responsibility on Global Business Let’s first define Corporate Social Responsibility (CSR) The World Business Council for Sustainable Development (WBCSD): "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large”. EU Definition of CSR: "A concept
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and explanation of Effort Justification Effort Justification is a theory of social psychology stemming from Festinger ’s (1957) theory of Cognitive Dissonance. Effort justification theory states that people have tendency to attribute a greater value to an outcome they had to put effort into obtaining. Cognitive Dissonance theory attempts to explain people ’s change of attitudes or beliefs when they face a dissonance between contradicting cognitions. Effort Justification theory is only a subtype
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Web 2.0 Enhancement Project Mary Shanler‚ Alan Vessell‚ Tonya Reznor‚ and Travis Brandt WEB/431 January 17‚ 2011 Mario Martinez Jr. Implementation Plan Objectives and Justification: (Mary) The objectives are crystal clear and specifically spelled out by using building blocks. The objectives should be reachable by: • The addition of Web 2.0 functionality. • Including CSS‚ XML‚ XSL‚ XSD and so forth where appropriate. • Justifying the interfaces to each social
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In my opinion‚ the treaties of Versailles couldn’t be justified at the time in a large extent. The treaties led Germany and her allies a very harsh punishment and suffered a lot at the time. The War Guilt Clause made them had to accept the total responsibility which was unfair because the Allies also caused the war happened. The ￡6.6 billion reparation from Germany was unacceptable for German at the time and led to the hyperinflation in 1923 and other economic problems. They had to pay reparations
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�PAGE � �PAGE �1� Jefferson ’s Justification JEFFERSON ’S JUSTIFICATION FOR THE AMERICAN REVOLUTION NAME COURSE Instructor Date Jefferson ’s Justification for the American Revolution Even after fighting in the American Revolutionary War began at Lexington and Concord in April 1775‚ most colonists still hoped for reconciliation with Great Britain. Thomas Jefferson saw a need to justify this revolution in the eyes of the people. He‚ and other founding fathers‚ knew that for this revolt to be
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Research Problem Identification and Justification Problem Statement Women in leadership are steadfast in growth‚ however‚ traditional perception of women’s role has a significant impact on female leaders‚ and how they are viewed by their colleagues and subordinates. Sub problem Women in leadership (a) Male and female leadership styles may be different (b) Gender stereotypes influence how people perceive female leaders. (c) The glass ceiling is still occupied by mostly white males. (d) Balance
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