Experience to apply internal controls

Reference no: EM13817866

Provide an original and substantive response to the questions posed in your Journal in a minimum of 200 words.

You read about various internal controls that should be in place for ensuring sound operations and transaction processing. Internal control is a favorite topic of auditing students, since a lot of the internal controls you learned about can be applied to your jobs right now! Students enjoy bringing these internal control suggestions to their supervisors to improve processes.

What are some control weaknesses you now see at your current (or past) jobs that you did not see before?
What are your suggested improvements?
If you do not have work experience to apply internal controls to, what are some controls you learned about that you were not aware of previously? Explain those controls and how they help prevent errors and fraud.

Reference no: EM13817866

Questions Cloud

What type of an asset is goodwill : What is the range of useful lives for buildings and for fixtures and equipment? Do these useful lives make sense? Find the heading Goodwill. What type of an asset is goodwill? Does Amazon write off this asset? Explain what the company does.

Describe the impact of personality ability and self-esteem : An organization's greatest assets are its people (its human resources.) Create an essay in which you describe the impact of personality, ability and self-esteem on your road to professional success

Review the information in the learning resources : Conduct additional research on your own and select at least two current, credible sources that contribute to your understanding of management and leadership

Do you find treatment for the disorder is readily available : Research one of the mental or personality disorders (Schizophrenia) and provide information on the disorder along with the treatment reality in a correctional setting (institution or probation) in your discussion. Do you find that the treatment for t..

Experience to apply internal controls : If you do not have work experience to apply internal controls to, what are some controls you learned about that you were not aware of previously? Explain those controls and how they help prevent errors and fraud.

Intrapreneurial or entrepreneurial development of product : The presentation should provide sufficient details and supporting information to convince Triangle's CEO and Board of Directors to approve the proposal and begin the intrapreneurial or entrepreneurial development of the product

Expect monthly net operating income to increase : If sales increase by $50,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase?

Why the project manager will not only need to communicate : Effective communication is more than something that the project manager must schedule. It is more like a means of doing business. The project manager will not only need to communicate with his or her staff

Preferred and common stockholders : Determine the dividends per share and total cash dividends paid to the preferred and common stockholders during each of the four years. If an amount is zero, enter "0". If required, round your answers to two decimal places

User Account

All Pages