Order now

internal control system Essay Examples

12 total results

The Cost-Effectiveness of the Department of Homeland Security (574 words, 3 pages)

Introduction Cost effectiveness simply relates cost to the results of an action. In the case of Department of Homeland Security, the department had made some significant improvement yet more emphasis was needed to steer the department forward as far as its objectives are concerned. The Government Accountant did an investigation ... Read More

An Overview of Generally Accepted Auditing Standards (575 words, 1 pages)

GENERALLY ACCEPTED AUDITING STANDARDSApril 10, 1996 Generally Accepted Auditing Standards are those guidelines which auditors must adhere to while conducting an audit of a company's or government entity's financial statements. It must also be stated in the audit report that the audit was conducted following Generally Accepted Auditing Standards. This ... Read More

An Analysis of New Century Financial Corporation (3043 words, 5 pages)

IntroductionNew century financial corporation had experienced years of financial growth, in terms of stock price appreciation before facing serious accounting problems, early in the year 2007. This forced the corporation to enter in to liquidity. This forced the company to file for a bankruptcy protection, under chapter 11 of Bankruptcy ... Read More

An Overview of the Internal Control System Process in Organization Management (437 words, 1 pages)

Internal control system is a process, developed and implemented by an organizations board of directors, management, and other employees, intended to provide assurance vis--vis achievement of organizational objectives (Peter, 2008). Objectives, which an organization achieves through an internal control system, are reliability of financial reporting, efficiency and effectiveness of operations, ... Read More

The Importance of a Financial Statement Audit of an Entity (708 words, 2 pages)

Auditing of the companys financial statement has been a core function in every business entity, and Starbucks and Hewett-Packer are no exception. Ideally, the main intent of auditing the financial statements of an organization is to enhance true and fair view of the companys reported financial statements. Both companies perform ... Read More

A SWOT Analysis of Credit Rating Institutions (640 words, 1 pages)

Strengths My opinion and stand on the necessity of credit rating agencies entirely depend on the SWOT analysis conducted below. In considering their strengths, their main advantage lies in their ability to can take a neutral position on the performance of an entity. Unless there is a compromise by other ... Read More

An Analysis of the Different Types of Audit Procedures and Software (1248 words, 3 pages)

Audit procedures refer to the different methods used by an auditor in obtaining the evidence necessary for making an opinion on the financial statements of the firm. The different types of audit tests that can be used by the auditor include the substantive tests and tests of control. The substantive ... Read More

An Analysis of Small Business and Bookkeeping Tasks (821 words, 2 pages)

Some small-business owners view bookkeeping as a burdensome task that takes them away from running their business. It makes others nervous, and they may second-guess their knowledge and skills in fear of the Internal Revenue Service knocking on their door.You dont have to be intimidated or bored by accounting. Successful ... Read More

An Essay on the Importance of an Internal Control Systems for the Company Funds (546 words, 1 pages)

Omissions found in an adjusting entry by an auditor would mean that there are no proper internal control systems in place that would have ensured that the omission never occurred. It is imperative that a big company like ABC puts these important procedures in place to monitor any monetary transactions ... Read More

An Analysis of Internal Accounting Controls and Fraud Prevention (2794 words, 6 pages)

Internal accounting controls and fraud prevention are receiving increasing attention from businesses, nonprofit organizations and governmental entities. Accounting is sometimes thought of as a mundane activity, taking a back seat to marketing and management endeavors that are thought of as being more creative. However, management of every enterprise with financial ... Read More

An Analysis of the Process of Setting Up Internal Controls (1161 words, 3 pages)

Internal controls are methods or procedures adopted in a business to -Assist in achieving the businesses' objectives - Ensure financial information is correct and reliable - Ensure cooperation with all operational and financial requirements - Protect its Assets They are essentially checks and balances within a business. It's objective is ... Read More

An Analysis of Effective Internal Control Programs in Organizations (781 words, 2 pages)

Internal control programs are important because they help managers and accountants organize and operate their businesses more effectively. Companies who fail to implement a control program often find themselves with a disorganized mess on their hands often leading to financial troubles. For a control program to be developed effectively, administrators ... Read More

Published: Friday 25th of January 2013