Philosophy regarding internal controls for organization

Assignment Help Financial Management

Reference no: EM132225531

Envision yourself as the CEO/President of an organization with full responsibility to the company, management, shareholders, creditors, regulators, and the general public. Develop a philosophy regarding internal controls for the organization. The polar extremes are 1) “Keep employees/management away from temptation”, whereby the internal controls are very well-defined, or 2) employees/management will follow the good judgment of their leader, whereby you set a good example and trust is the theme until employees do something to betray that trust. As you develop this philosophy, provide 10 examples (from issues in our chapters, fraud events in the news, discussion board posts and case studies, or your project experiences, etc.) to justify your philosophy.

Reference no: EM132225531

Questions Cloud

All possible combinations of teams and tournaments : Create a catalog which contain all possible combinations of teams and tournaments this is from sql from the bowling league data.

Identify different policy issue that impacts or interest you : Identify another, different policy issue that impacts or interests you. This policy issue can be at the local or state level, but that you have not already.

What kind of impact does tourism industry have on las vegas : What kind of impact does the tourism industry have on Las Vegas? What were some of the impacts that you didn't think of prior to reading the article

Low-cost leader can translate low-cost advantage over rivals : A low-cost leader can translate its low-cost advantage over rivals into superior profit performance by:

Philosophy regarding internal controls for organization : Develop a philosophy regarding internal controls for the organization.

What is the biggest fear about going to college : What is the 1st biggest fear about going to college? What is the plan to overcome your 1st fear? What is the plan to overcome your 2nd fear/obstacle

For the profit-maximizing ordering plan : For the profit-maximizing ordering plan, how many units are ordered at the beginning of Month 1?

Consider for internet access for the new location : Tyler has convinced his father that Internet services are needed for the new location. What options should he consider for internet access for the new location?

Competitive position that rival firms occupy in the industry : What is the best technique for revealing the different market or competitive position that rival firms occupy in the industry?

User Account

All Pages