backward development of Nigeria was attributable to weakness in the internal control systems of the banks. This has clearly pointed out the picture of how fraud is being penetrated in the financial strength of Nigerian banks. In a nut-shell ‚ the damage which the menace‚ called fraud has done to the banks is innumerable and needs urgent attention. Internal control are measures established by directors relating to the accounting systems in order to check if all transactions made are recorded using the
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You Have a Friend in Me Everyone has friends but every friend is different. You have your friends with families‚ the “let’s go out every night” friends‚ and last but not least‚ your long distant friends. Yes they are all friends but each one lives a different life style and has their own unique personality. They have a special place in your heart through thick and thin. Friends are loving‚ caring‚ loyal‚ and honest. Friend’s seal your deepest darkest secret with a “pinky swear” and a hug. Which
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Exposure is the potential dollar loss that would occur if the threat becomes reality. Likelihood is the probability that the threat will occur. Internal control is the policies‚ procedures‚ practices and organizational structure designed to provide reasonable assurance that business objective will be achieved or detected and corrected. Internal control objectives 1. Safeguard asset 2. Maintain records in sufficient detail to report company assets accurately and fairly. 3. Provide accurate
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1)Historical perspective on public control of business. 2)Constitutional framework of state control of business. What is business? • The buying or selling of goods/services/activity of making money. However‚ the term is too vague. • According to F.C Hooper: “business means a whole complex field of commerce and industry‚ the basic industries‚ processing and manufacturing industries and the network of ancillary services‚ distribution‚ banking‚ insurance‚ transport and so on‚ which serve and inter-penetrate
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Open and Closed Source Systems POS/355 January 12‚ 2013 Jeffrey Hobday M.S. The General Public License also referred to as (GNU or GPL is one of the most widely used software license among individual‚ organizations and companies. The reason behind this is this product guarantees its users the freedom to make changes to the software‚ study and share the software‚ and if needed the software may be copied. 3 versions of the GNU have been released. Operating System is the core software of any
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qualifications with demonstrated achievement in delivering projects on time. Degree in Chemical Technology Work Experience Laro‚ Services‚ NY 03 – 00/ 07 House Keeping - Office Cleaning * Maintained premises clean and in orderly condition; Obtained list of offices to be cleaned; Cleaned hallways‚ lobbies‚ lounges‚ rest rooms‚ elevators and other work areas; Vacuum cleaned rugs‚ carpets‚ using absorption system; Spot cleaned detail corners and hard to reach areas; Dusted furniture
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“From Your Friends to Archenemies” “The best way to destroy an enemy is to make him a friend.” The line between friends and enemies is not always very thick. Someone can easily switch from a trusted friend into a sworn enemy. In fewer cases‚ it is possible that some friends are actually our worst enemies. There are countless reasons for this. However‚ it demonstrates that the social realm is fluid and based on connections and bonds that can be forged‚ broken and repaired. Few things are cast in
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‘How to Develop an Organisational Training Plan’ Introduction To achieve its business objectives‚ an organisation needs people with the right skills and knowledge to be in place at the right time. The Training Plan describes how the organisation is going to achieve this. Creating an Organisational Training Plan: • Is an opportunity for the management team to step back and identify the skills and knowledge gaps in the organisation • Encourages the exploration of various options for training and
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Assignment 8.1 Handout 1. Internal controls are designed to safeguard assets‚ encourage employees to follow company policies‚ promote operational efficiency‚ and ensure accurate accounting records. Requirements R1. Which objective is most important? R2. Which must the internal controls accomplish for the business to survive? Give your reason. 2. The Sarbanes-Oxley Act affects public companies. Requirement R1. How does the Sarbanes-Oxley Act relate to internal controls? Be specific. 3. Separation
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Open Source versus Closed Source Operating Systems In the technological industry the terms open source and closed source of often passed around when the discussion turns to which operating system to use. This paper will discuss the difference between open and closed source operating systems in an effort to provide the information necessary to make an informed decision regarding which one to choose. The definition of closed source‚ as related to operating systems or software
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