Abstract Over the past decade the electrical power industry has undergone many changes. Vertically integrated utilities have been transformed into smaller companies. Transmission and Generation systems are increasingly relying on advanced digital and computational elements for protection and control of their substation and transmission. The Substation Control and Monitoring System (SCMS) is a major part of advanced power system management. Better control and faster performance are achieved by performing
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MANAGEMENT ANTIFRAUD PROGRAMS AND CONTROLS Guidance to Help Prevent and Deter Fraud PREFACE Some organizations have significantly lower levels of misappropriation of assets and are less susceptible to fraudulent financial reporting than other organizations because these organizations take proactive steps to prevent or deter fraud. It is only those organizations that seriously consider fraud risks and take proactive steps to create the right kind of climate to reduce its occurrence that
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1.0 Thesis Title The Need To Review Internal Controls In The Public Sector. 2.0 Introduction Internal controls include all the policies and procedures adopted by an entity to assist in their objectives of achieving‚ as far as practicable‚ The orderly and efficient conduct of the entity including * Adhering to internal policies * The safeguarding of assets * The prevention and detection of fraud and error * The accuracy and completeness of the accounting records and
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Management Control: 1) Identify and discuss the control alternatives used in the selected company. Is each form of control loose or tight? What is the overall impression of the selected company’s Management Control System? Why? 1- People Controls a) Personnel controls: Selection: Personality is the most important asset that H&M employees have. H&M believes that people who are allowed to be themselves do a better job‚ which is why H&M welcomes diversity and personal
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11-1 Inventory Management 11-2 Inventory Management CHAPTER Operations Management 11 William J. Stevenson Inventory Management 8th edition McGraw-Hill/Irwin Operations Management‚ Eighth Edition‚ by William J. Stevenson Copyright © 2005 by The McGraw-Hill Companies‚ Inc. All rights reserved. 11-3 Inventory Management 11-4 Inventory Management Types of Inventories Inventory: a stock or store of goods Independent Demand A Dependent Demand Raw
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MANAGEMENT INFORMATION SYSTEM NOLAN STAGE HYPOTHESIS The stages-of-growth model is a theoretical model for the growth of information technology (IT) in a business or similar organization. It was developed by Richard L. Nolan during the 1970s‚ and published by him in the Harvard Business Review.[1] [edit]Development Both articles describing the stages were first published in the Harvard Business Review. The first proposal was made in 1973 and consisted of only four stages.[2] Two additional
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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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Should countries limit foreign control of key industries? Companies want to make direct investment because in that way they can control parts of the companies. Even though companies want to do that‚ there are governments who protect domestic companies‚ mostly for the reason to protect the majority of the society. Companies are willing to take over control keys in industries for 3 different reasons: - Freedom to pursue global objectives This is of use when a company owns the whole foreign company;
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Building an Access Control System As a member of the Information Security team for a small community college I have been tasked with providing an access control system which will monitor the access of students in and out of the college dormitory. This access control system is needed to provide increased security to the students and decrease the access of unauthorized students to their respective dormitories. The scope of this project is to develop an access control system on or before 31
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Initiative : Loan Management System INTRODUCTION Cooperatives are obligated to adhere to the Republic Act No. 9520 or the Philippine Cooperative Code of 2008. The law was signed into law last February 17‚ 2009. The new law amending RA 6938 was passed to meet the challenges of the global economic situation and the advent of the age of information technology. Moreover‚ the new cooperative code is expected to strengthen the thousands of cooperatives in the country and enable the system to contribute
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