Thus, when establishing an internal control program, the "good for all" must always be the objective. While internal control techniques define what is good for an organization, the employees who comprise an organization must therefore benefit that "good." And, what is good must always be in accordance to the values of ethics.
Define the Importance of the Sarbanes-Oxley Act
The importance of the Sarbanes-Oxley Act is apparent in the treasury management of corporations. According to Steven Krippner, on the purpose that Sarbanes-Oxley Act serves, it protects investors by improving the accuracy and reliability of corporate disclosure..."
The Sarbane-Oxley Act is important because it regulates and protects investors, especially those who file financial reports in accordance to the Security Exchange Act (Trema.Com). Fraud and white-collar crimes are similarly monitored and prevented by this Act. This is made possible by requiring managements to submit certified and accurate documents and disclosure of information.
Generally, the Sarbane-Oxley Act is important because it requires organization...
Internal Control and Accounting Analysis of ABC Limited: Analysis of Weaknesses and Recommendations The report was prepared to cover the requirements of the AAT ICAS unit. The AAT ICAS refers to an Internal Control and Accounting System where the report serves as investigation of the weakness area of the business control and makes the recommendation to fix this problem. The following report reviews the restaurant business particular in payroll area. The
Presently, the Red Line consists of three segments Downtown LA, Wilshire Center and N. Hollywood and the total coverage is 17.4 miles. Apart from this, the review identified the possible financial and schedule risks. It was inferred that the cost and completion schedules were justified; however funding risks were present for the North Hollywood segment. Apart from that, MTA's overall finances and the operating budget shortfalls might impact the
Analysis of California Pizza Kitchen Strengths and Weaknesses California Pizza Kitchen has been able to rise above the difficult economic conditions in their largest markets by concentrating on the most strategically important process areas first. At the center of their strengths, the chain has is the ability to support their global brand with a unique, branded dining experience (Fair Disclosure Wire, 2010). Creating the integration between a restaurant's global brand and
If a violation of worker's rights occur, these unions can be contacted with complaints. Once again, if the worker's unions cannot resolve the problem adequately, consultation with higher authority figures is an option. 8. Being a unionized institution, collective bargaining is very much part of the employment process. This generally occurs at the departmental level. Generally, higher-level positions are filled by persons already employed by the University. The collective bargaining process
Conflict Theory & Social Control Theory: A Comparison Both conflict theory and social control theory have their similarities and differences. It is important to discuss and address those issues because both theories have been used as a way to talk about the occurrence of crime in contemporary American society. To that end, the effects of positive and negative reinforcement on crime must be considered in both theoretical frameworks. Examples of the
accounting important success firm? What methods cost accounting ? The paper (a) identify main issues chosen area, (b) reference learning occurred, (c) build class activities incidents facilitated learning understanding, (d) present specific current / future applications relevance typical workplace. Cost accounting -- definition, importance, methods The modern day society is constantly presenting the economic agent with more numerous and more pressing challenges. In order to face them and emerge as a
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