is produced‚ say by a government agency‚ of any sort of money laundering‚ fraud or any other form of financial crime‚ for which depositor identity or information needs to be disclosed. Secondly‚ these banks are generally located in tax havens‚ or places with a favorable tax structure. Hence these banks are a lucrative option for big companies seeking tax benefits. But‚ this also the cause of worry for a lot of governments‚ as they feel that this way they are losing out on a lot the tax which they
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INTERNAL CONTROL AND FRAUD DETECTION IN THE BANKING INDUSTRY (A CASE STUDY OF GUARANTEE TRUST BANK PLC) BY OGUNDELE GBONJUBOLA 06271184 BEING A RESEARCH PROJECT SUBMITTED TO THE DEPARTMENT OF ACCOUNTING‚ FACULTY OF MANAGEMENT SCIENCES‚ UNIVERSITY OF ABUJA‚ ABUJA‚ NIGERIA IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF BACHELOR OF SCIENCE (B.SC) HONOURS DEGREE IN ACCOUNTING JANUARY‚ 2011 DECLARATION Apart from references of other people’s
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Strategy formulation Strategic formulation is a combination of three main processes which are as follows: Performing a situation analysis‚ self-evaluation and competitor analysis: both internal and external; both micro-environmental and macro-environmental. Concurrent with this assessment‚ objectives are set. These objectives should be parallel to a time-line; some are in the short-term and others on the long-term. This involves crafting vision statements (long term view of a possible future)
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company‚ a few internal controls should be implemented to comply with the Sarbanes-Oxley Act (SOX). * Management will need to provide periodic quarterly reports to evaluate the effectiveness and reliability of LJB’s internal controls over financial reporting procedures. * Management should certify the accuracy and fairness of presentation of their financial statements. * Independent auditor(s) outside of LJB will need to attest to management’s assessment of said internal controls. Additionally
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Accounting System Controls 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 and external controls for the system. The internal controls are the checks that are placed in the system my the company ’s own management and directors. Today more and more companies are moving from the manual accounting
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I will write about: the activities that support my well-being‚ how I manage my emotions and how I keep a healthy and balanced lifestyle. I have two main activities that support my well-being: basketball‚ and a water drinking app. First‚ my family goes the gym three times a week‚ and whenever I go there‚ I play basketball. Basketball has helped me improve my strength‚ cardio‚ and speed a lot. Second‚ I have an app that tells me how much water I need per day. It is called plant nanny‚ and has helped
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Causes and Effects of Internal Control Outcomes -Final Thesis- Universiteit Maastricht Faculty of Economics and Business Administration Maastricht‚ February 21th‚ 2008 Martina Kratz ID: 239232 Master International Business – Concentration Finance Supervisor: Robin Braun Abstract Since the implementation of the Sarbanes-Oxley Act in 2002‚ the topic of internal control systems never came to rest. The current subprime crisis is just one example of internal control failures and their negative consequences
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Harvard Business Review Online | The Enemies of Trust Page 1 of 9 Purchase products from: >| http://www.hbsp.org The Enemies of Trust You’re honest‚ straightforward‚ and competent. So why don’t your people trust you? by Robert Galford and Anne Seibold Drapeau Robert Galford is a managing partner of the Center for Executive Development in Boston and has taught in executive education programs at Harvard‚ Columbia‚ and Northwestern. Anne Seibold Drapeau is the chief people officer
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CONCERTIVE CONTROL SYSTEM 2013 Contents How would you describe the system of control in the Grameen Bank? ......................................... 2 How does it contribute to the success of the bank’s vision and mission? ...................................... 3 What are the potential positive benefits of concertive control system‚ are there positive components or outcomes associated with the concertive control system at the Grameen Bank? .. 4 References: ................
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MOHD HADAFIE FIEZAL HARON AM1102A3 What is Personnel Administration? What are the functions of Personnel Administration? The administration of staff in an organization or well known as Personnel Administration.It is one of the most important factor in management of the human resources.Personnel Administration are subject to the following matters such as recruitment‚selection‚development‚usage or allocation and provision of certain benefits and needs for human resource of the organization.Apart
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