Case Report—Controls at the Bellagio Casino Report Introduction MGM MIRAGE is one of the world’s leading hotel and gaming companies‚ and the Bellagio is one of them‚ which attracts lots of customers every year. MGM MIRAGE operated as two segment‚ one is Casino resort and the other is resort. Company’s key revenue is from gaming and hotel‚ and most revenue was cash. This case is focused on the controls used in the casino‚ especially in difficult to control table games areas. Nowadays‚ customers become
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acct 504 | MANAGERIAL USE ANLYSIS | CASE STUDY 2 INTERNAL CONTROL | 12/1/2012 | Case Study 2 Internal Control . A requirement is important to know that all publicly traded U.S. corporations are required to maintain an adequate system of internal controls and procedures for financial reporting in accordance with the Sarbanes-Oxley Act Section 404. It is the responsibility of your executives to ensure there are dependable and effective controls in place‚ and auditors from outside the
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Types of Information Security Controls Harold F. Tipton Security is generally defined as the freedom from danger or as the condition of safety. Computer security‚ specifically‚ is the protection of data in a system against unauthorized disclosure‚ modification‚ or destruction and protection of the computer system itself against unauthorized use‚ modification‚ or denial of service. Because certain computer security controls inhibit productivity‚ security is typically a compromise toward which security
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Case Study 2 – Internal Control 1. Inform the President of any new internal control requirements if the company decides to go public. As per the accident that happened in the company about some employees was viewing pornography on company computer and he had a hard time to get his employees admitted that they were the one who doing it. He should use limit access by individual passwords for each person to log in the computer systems. To make sure that which person was log on in the computer and
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Case Study 2 – Internal Control The following are the internal control requirements a company who wants to go public needs to be put into place. INTERNAL CONTROL REQUIREMENTS Management’s Assessment Section 404(a) of the Act and the related rules adopted by the SEC require management to assess the effectiveness of the company’s internal control over financial reporting as of the end of the company’s most recent fiscal year‚ and to state in the company’s annual report whether the company’s internal
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Port State Control (PSC) is the right and‚ in an increasing number of countries‚ the legal obligation of the authorities of the port State to board a foreign ship and verify its compliance with international rules and regulations. PSC is the means by which a nation exercises authority over foreign merchant vessels that are within waters subject to its jurisdiction. PSC aims to verify whether foreign flagged vessels comply with the applicable international conventions on safety‚ pollution prevention
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Case Study Two Name Accounting and Finance 02Feb2011 Dear President of LJB Company‚ (1) If the LJB Company should decide to become a publicly traded 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
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Case Management Control – Rabobank Nederland Roger Barr’s performance as it is related to the North Texas Cotton Cooperative (NTCC). Roger Barr is part of the New York credit Committee as an account officer. His main tasks are to review all loan proposals and make decisions and recommendations on proposals up to $1 million. Up to $5 million he needs approval of the New York credit Committee. Loans over $5 million also need approval of the credit Committee of Rabobank Nederland‚ based in Utrecht
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Committee of Sponsoring Organizations (COSO) Internal Control Framework’s Components of Internal Control Requirements 1. There was a lack of proper authorization in the budget process. The superintendent Spigot committed several projects that were not on the budget. For example‚ rent expenses were not budgeted in that fiscal year‚ which caused the budget to overrun and increase expenditures for custodial services. Also‚ the unbudgeted projects ran by the superintendent were not approved by the
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3.1 THE PROCESS OF OPERATION MANAGEMENT The systems in operation management of Kamal & Kamal Pest Control have two sections. The first section is core system which means this section have marketing department‚ Operation department‚ Customer Relationship Management (CRM) department‚ purchasing department and Human Resources (HR) department. The second section is the supporting system which the system to support the core. The function of system is all department need to play their roles. If one department
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