Internal audit’s role in effective corporate governance advisory Internal audit’s role in effective corporate governance Internal audit’s role in effective corporate governance Recent events have highlighted the critical role of boards of directors in promoting effective corporate governance. In particular‚ boards are being charged with ultimate responsibility for the effectiveness of their organisations’ internal control systems. The internal audit function plays a key
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8 Internal Trade 8.1 Introduction In the lesson on trade you have already been made familiar with the distinction between internal and external trade i.e. between home trade and foreign trade. You will recall that internal trade consists of exchange of goods and services between people living within the same country. In this lesson you will learn about internal trade in detail. 8.2 Objectives After studying this lesson you will be able to • • • • • • • • recall the meaning of Internal Trade; explain
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Internal customer essay The internal customer is not new‚ nor is it a purely public sector concept. The idea was first used almost forty years ago to describe different forms of administrative relationships within the private sector (Sayles‚ 1964). It stemmed from an understanding that in any organisation all staff are both the providers and receivers of services and‚ critically‚ if poor internal service exists‚ then the final service to the external customer will be diminished. The quality
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Generally‚ every organization’s performance could be enhanced if they have a sound internal control system. Internal control sys has two subcategories: A) Control environment B) Control procedures and policies @ control activities Control environment is abt attitude of board n mgt‚ whether they have integrity(honesty) and value the importance of running a sound internal control system. So‚ if their attitude is good‚ they will raise awareness and foster good attitude among ppl in the org
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internal analysis The Cs: Culture‚ Capabilities and Composition * Culture: auditing values‚ belief and attitude Management will conduct culture audits to determine how far the quality of the employee’s working environment. One common way is by using an employee survey. From the employee survey‚ company can obtain variety of things ranging from environmental problems that exist in the organization to provide feedback to management. * Capabilities: people as strategic resources Core capabilities
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dispatched independently to approving authority. Once signed‚ the approved invoices should be sent independently to accounts payable. When the check is prepared by accounts payable‚ they should mail it directly to the third party. Under a strong internal control system‚ the employees and/or contractors should not be allowed to come in and collect checks directly. Direct contacts with accounts payable personnel make it too tempting for someone
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How did the United State’s Constitution remedy the weakness of the Articles of Confederation? The Constitution was legalized in 1787 and the Articles Of Confederations were legalized in 1781. The United State’s Constitution remedied the weakness of the Articles of Confederation multiple ways. Taxes can now be put in effect by congress when they need to. According to the Articles of Confederation‚ the Congress can ask the states for taxes but the states don’t have to. The US Constitution fixed the
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a. SWOT analysis Strengths Weaknesses - Two members of Alerxia staff suffer from food allergies and know firsthand the inconvenient of eating outside their home and the risk of food poisoning. - Alerxia offer services not only for people with celiac disease‚ but for people who have all kind of food allergies‚ intolerances and sensitivities. Competitors focus only on celiac disease‚ while Alerxia covers the 14 main allergens - Alerxia offers a select group of restaurants for people with food allergies
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Lowe’s Companies‚ Inc. is a U.S.-based chain of retail home improvement and appliance stores. The chain serves more than fourteen million customer a week in its 1‚710 stores in the United States and 20 in Canada. Lowe’s is the second-largest hardware chain in the U.S. behind The Home Depot and ahead of Menards. Globally‚ Lowe’s is also the second largest hardware chain‚ again behind The Home Depot and ahead of the European store B&Q and OBI. Lowe’s strengths consist of being the second
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Weaknesses of Psychoanalytic Theory and Flawed Theory Freudian psychoanalysis focuses on uncovering unconscious motivations and breaking down defenses. Many therapists feel that psychoanalysis is the most effective technique to identify and deal with internal conflicts and feelings that contribute to dysfunctional behavior. The problem with the above information is this disorder needs to be diagnosed before it can be treated. Most individuals fail to report issues of stalkers due to the fear of
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