What appropriate types of internal controls for the industry

Assignment Help Accounting Basics
Reference no: EM132473494

Specifically, the following critical elements must be addressed:

I. In a concise memo, evaluate the internal controls of RNS.

Question A. Describe the major financial business transactions of the company. Include appropriate research to support your answer.

Question B. Evaluate the highest business risks associated with this company. What makes you believe these specifically are the highest risks? Provide appropriate research or data to support your reasoning.

Question C. What would you suggest are the appropriate types of internal controls for this industry? Why?

Question D. Describe ethical issues involved with this company and industry that would have a direct effect on the outcome of a financial audit. How could these issues be addressed?

Question E. Analyze current events for their impact on this company's risk and internal control in the future. Include documentation of these current events.

Reference no: EM132473494

Questions Cloud

What is the time weighted rate of return : Ronald has a security that returned +8%, -2%, +6% and +12% over the last four periods. What is the time weighted rate of return?
Determine the amount of accumulated depreciation : Determine the amount of depreciation expense that would appear on the Year 1 and Year 2 income statements. Determine the amount of accumulated depreciation
What is the holding period return for investment : Dror purchases a stock at $40, receives a $3.00 dividend, and later sells the stock for $44. What is the holding period return for this investment?
Disability insurance through her employer : Nancy owns a home and an automobile. She has property insurance, but does not have disability insurance through her employer.
What appropriate types of internal controls for the industry : Describe ethical issues involved with this company and industry that would have a direct effect on the outcome of a financial audit.
What is the amount of life insurance necessary : What is the amount of life insurance necessary for Stephanie using the Human Life Value method?
How you would take steps as a professional to be cognizant : One of the most frequent ethical problems involves dual relationships and conflicts of interest. Write a 2 page paper that discusses some aspect of dual.
Describe scene in which the specific violation took place : Watch some TV programs that involve professionals who have ethical guidelines, e.g., police, medical doctors, lawyers, psychologists, social workers, etc.
Determine when calculating the payment of interest : When calculating the payment of interest and the amortization on the premium for Dec 31 2020. why do we have to divide amount by 2 ?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd